business owners policy Flashcards
1
Q
apt building limits
A
six stories and no more than 100,000 feet
2
Q
mercantile or business limits
A
cannot exceed $3,000,000 in sales
3
Q
restaurants
A
cannot exceed 3,000,000 in sales, 7500 ft, and 75 persons
4
Q
convenience store w gasoline pumps
A
gasoline sales are less than 50%
5
Q
contractors
A
less than $3,000,000 gross receipts and 300,000 payroll
6
Q
newly acquired locations
A
30 day coverage 250,000 or bpp 100,000
7
Q
off premises coverage
A
$10,000
8
Q
outdoor property
A
2,500
9
Q
accounts receivable
A
10,000 on premises
5,000 off premises
10
Q
debris removal
A
25%
11
Q
civil authority
A
3 weeks
12
Q
forgery and alteration
A
2,500
13
Q
outdoor signs
A
1,000
14
Q
increased cost of construction
A
10,000
15
Q
counterfeit money
A
1,000
