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 ?
GUARD currently offers Workers' Compensation policies in 27 jurisdictions as well as a Businessowner's Policy (BOP) and Commercial Auto and Umbrella coverage in Pennsylvania, New Jersey, and South Carolina.
Great Central, through an exclusive agreement with IWA, will offer its specialized Restaurant BusinessOwner's Policy along with commercial automobile and umbrella liability to New York restaurant owners, with special benefits to the association members.
15 /PRNewswire/ -- GUARD Insurance Group is now accepting businessowner's policy (BOP) submissions in Pennsylvania and New Jersey as well as commercial auto in PA.
ePolicy is currently rolling out Professional Liability, Businessowner's Policy, and Workers Compensation insurance nationwide using only nationally branded rated carriers.
16 /PRNewswire/ -- GUARD Insurance Group has announced plans to introduce a new Businessowner's Policy (BOP) during the first quarter of 2008.

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