Business Owner Policy Insurance

Front

BUSINESS OWNERS POLICY (BOP)

Back

not highly customized, small low risk businesses

commercial property commercial general liability business income extra expense crime coverage

Front

BOP ELIGIBILITY

Back

Revenue less than $6mill/year

Less than 100 employees

Building less than 35,000 sq ft

low risk

Front

NOT ELIGIBLE FOR BOP

Back

general contractors, manufacturing, financial instit, auto repair, bars, municipalities, places of amusement (arcade, movie), personal household items, restaurants with deep fat frying

Front

BOP VS CPP

Back

comes with special perils, biz income/extra expense are ALS (actual loss sustained-no dollar limit), 12 month time limit, 72 hr waiting period, forgery included, biz pers prop=25% peak season increase on limit of coverage

Front

BOP OPTIONAL COVERAGES

(x by coverage on dec page/built in, extra premium)

Back

employee dishonesty (theft insiders)

equipment breakdown

money/securities (theft outsiders)

outdoor signs

Front

BOP ENDORSEMENTS

Back

protective safeguards

utility services-direct damage

utility services-time element

hired auto & non-owned auto liability

Front

PROTECTIVE SAFEGUARDS

(BOP ENDORSEMENT)

Back

must maintain protective devices/services on specified property (sprinklers, burglar alarm)

Front

UTILITY SERVICES-DIRECT DAMAGE

(BOP ENDORSEMENT)

Back

covers loss for interruption in water, communication, power supply

Front

UTILITY SERVICES-TIME ELEMENT

(BOP ENDORSEMENT)

Back

pays for loss of income due to damage to specific utility services equip outside covered building caused by a covered peril

Front

HIRED AUTO/NON-OWNED AUTO LIABIITY

(BOP ENDORSEMENT)

Back

adds #8 #9 from commercial auto to BOP

autos leased/borrowed/hired and not leased/hired/borrowed-autos owned by employees used in the business.