Businessowners Policy

(redirected from Business Owner's 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 ?
AssureStart currently sells business owner's policies in 31 states.
The company sells business owner's policies (general liability and business property insurance coverage) direct to small businesses on its website, www.
The third-and-fourth-most-popular commercial lines were property and commercial Auto, while business owner's policies (BOP) seeing the lowest demand.
Business owner's policies may include some of the above policies; however, there may be specific limitations to the policy conditions and coverage amounts.
In addition to providing protection for a variety of business vehicles, GEICO's business insurance products also include general liability insurance and business owner's policies through the GEICO Insurance Agency.
As a result, Business Owner's Policies (BOP) are often not reviewed more than once a year.
The three acquired Black/White entities provide business owner's policies, general and auto liability insurance to small commercial clients, general liability programs for middle-market clients, and coverage for select social services organizations, generating about $15 million in annual premiums and approximately $1.
Rates for Business Owner's Policies (BOP) presently are available in 21 states, with more expected soon.
InsuranceNoodle gives Peachtree customers access to services such as: business owner's policies, workers' compensation, commercial auto liability, umbrella coverage, surety, cargo, employment practices liability, workforce violence coverage, pollution liability and exporters' policies from the same desktop they use to maintain their accounting information.
Ohio Casualty Corporation (NASDAQ: OCAS), through its subsidiary Ohio Casualty Group, will also be offering Business Owner's Policies and Workers Compensation coverage through QuickenInsurance.

Full browser ?