Voluntary businessowners direct written premium - The total direct written premium on businessowners policies
insuring commercial risks in the Texas catastrophe area that includes coverage for losses due to windstorm damage.
This is often the case with businessowners policies
and surplus lines policies.
Decision Research Corporation (DRC), announces its DecisionMaker Suite now supports businessowners Policies
(BOP), providing policy administration support for this line of business.
In fact, The Hartford currently offers WC and BOP (businessowners policies
) products very specifically designed for medical practices at very competitive pricing.
Courts have generally found this exclusion to be unambiguous, excluding liability under businessowners policies
when the insured is a tavern or bar.
Quick quote and application data upload will become standard with businessowners policies
and other small-business policies.
In contrast, liability policies, crime policies, and employee dishonesty coverage in businessowners policies
usually define their terms so as to clearly indicate that a series of acts or conditions may, under some circumstances, be considered a single occurrence for the purpose of applying limits of liability and deductibles.
Such businesses are generally insured under businessowners policies
that often have a time limit (generally one year) for business income recovery, rather than a dollar limit of insurance, thereby making the worksheet unnecessary.