Businessowners Policy

(redirected from Business Owners' Policies)

Businessowners Policy

An insurance policy that provides coverage in case some event causes a business to relocate or temporarily close. It also provides coverage for damage to the property owned by the business. For example, if an office floods and becomes unusable, a businessowners policy will replace the profits the company would have made during the time the company was closed and also will pay to repair the damage from the flood.
References in periodicals archive ?
Through a single transaction that takes place directly from an agent's agency management system, these enhanced capabilities will help The Hanover's agent partners to electronically upload client data, obtain real-time quotes, generate proposals, and issue policies for their customers purchasing business owners' policies, commercial auto policies, commercial umbrella policies and workers compensation policies-faster than ever.
Beehive offers a full line of commercial insurance options, including business owners' policies, employee benefits, general liability, inland marine, professional liability, surety bonds, trucking, umbrella policies, workers compensation and other applicable coverages.
Products Insurance First will offer through Allied include homeowners & auto insurance, business owners' policies, commercial auto and umbrella policies.

Full browser ?