Unit 19 Businessowners Policy Flashcards
1
Q
Business owners Policy (BOP)
A
This small business policy is similar to the HO policy for individuals in that property, liability, and other coverages are automatically included. In addition, there are some optional coverages a small business may need that can be added for a relatively small premium.
2
Q
Eligible risks for BOP
A
Less than 100 employees
Revenue of $6mil or less
Businesses occupying up to 35,000 sq ft
3
Q
Deductible for BOP
A
$500
