In the beginning it will offer
businessowners policies (BOP) that fulfill the general liability insurance and property insurance coverage requirements of small businesses.
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.
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.
