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.
References in periodicals archive ?
Specifically, the Company provides Businessowner's Policy (BOP), Commercial Umbrella/Excess, and Commercial Auto coverage in select states.
The ISO businessowner's policy (BP 00 03) is less restrictive.
In 2009, GUARD began offering a multi-policy small business solution in New York that included Workers' Comp as well as a Businessowner's Policy (BOP) and Commercial Excess coverage.

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