Businessowners Policy

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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.
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The coverage is available through its Main Line Business Owners Policy.
Lines of business include Business Owners Policy (BOP), Commercial Auto, Workers' Compensation, Texas Occupational Accident, Umbrella, and Excess and Surplus Markets.
NetBOP is a business owners policy (BOP) insurance product developed for businesses with fewer than 50 employees.
It can be written as a stand-alone policy, part of a property insurance package or all risk form, part of a commercial multiperil policy, or part of a business owners policy.
The exceptions were business owners policy, general liability and umbrella excess (minus 6 percent); workers' compensation at minus 7 percent; and fiduciary at minus 3 percent.
But also ask about an in-home business owners policy, which is available from some insurers.
Eligibility for the FailSafe MEGA product, which is written in conjunction with The Hartford's Spectrum Business Owners Policy, has been enhanced to include risks with up to $15 million in total sales.
The Business Owners policy combines Property & Liability insurance to protect your business from perils such as fire and theft or injury to a third party.
The company's property and general liability products, such as its Business Owners Policy (BOP), as well as its management liability products are available to companies of all sizes; and the professional liability coverages are designed to protect a variety of professional services.
CyberFirst Essentials- Small Business is part of a Travelers MasterPac business owners policy and can include coverage for the costs associated with breach disclosure, credit monitoring services, resulting litigation and more, starting at $120 with flexible limits ranging from $25,000 to $250,000.
The coverage is available on a business owners policy for properties maintained by the insured or by tenants.
ADPIA's extensive network of national and regional carriers offer a portfolio of commercial property and casualty insurance coverage options that includes Workers' Compensation Insurance, Business Owners Policy, Statutory Disability, Commercial Umbrella Liability Policy, and Business Automotive.

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