Businessowners Policy

(redirected from Business Owner's Policy)
Also found in: Acronyms.

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 ?
having a Business Owner's Policy with a Business Income Extension for Off-Premises Utility Services from The Hartford in place meant a bump in the road rather than a catastrophe when Storm Sandy hit in October 2012.
Option #3: Choose a BOP or business owner's policy.
The approximate $800 million SBS book consists of three primary lines of business: business owner's policy (BOP) for property, general liability and umbrella, first-and-third-party auto and workers' compensation -- and is sold in 49 states plus the District of Columbia.
Business Owner's Policy (BOP) lines experienced the highest renewal rates among property and casualty insurance products in April, according to the new, monthly, premium renewal rate report produced by IVANS, a division of Applied Systems.
Reliance's eBOP is a Business Owner's Policy, a package of property insurance and general liability insurance coverages tailored for small businesses.
The Hartford announces improvements to its online quoting and new business system for agents, New ICON, for its Spectrum business owner's policy.
The company is currently rolling out Professional Liability, Business Owner's Policy, and Worker's Compensation insurance nationwide, using only nationally rated carriers.
ePolicy is currently rolling out Professional Liability, Business Owner's Policy, and Worker's Compensation insurance nationwide using only nationally rated carriers.
NYSE: REL) announced today that it plans to offer a Business Owner's Policy (BOP) online in the first quarter of 2000.
Four commercial lines will be available on the site in the first quarter of 2000 - Commercial Auto, Business Owner's Policy (BOP), Group Term and Group Medical.

Full browser ?