P and C 8 Businessowner's Policy

Question 1

Businessowners Polciy

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 (CPP).

Question 2

Coverage Forms

Answer 2

Another name for insurance policies; specifically, coverage forms refer to different types of an insurance contract. For example, two coverage forms are available for the Businessowners, or BOP, policy: the Standard form and the Special form.