Businessowners Policy (CH 8)

Question 1

Businessowners Policy

Answer 1

A commercial package policy designed for certain types of small businesses, combining Property and Liability coverages.
Very similar to a Commercial Package Policy

Question 2

optional endorsements

Answer 2

• Money
• Employee Dishonesty
• Mechanical Breakdown (mini equipment breakdown policy)

Question 3

named perils in BOP standard form

Answer 3

• Fire
• Lightning
• Wind
• Hail
• Aircraft
• Riot
• Vehicle, volcanos, vandalism
• Explosion
• Smoke
• Sprinkler Leakage
• Sinkhole collapse
• Transportation damage to property in transit