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BOP
Business Owner Policy
| Question | Answer |
|---|---|
| The Business Owners' Property Form covers Preservation of Property for how long after it is first moved? | 30 days |
| A Business Owner's Policy is | A self-contained complete package policy |
| Property coverage may be written on which of the following coverage forms on a Business Owners Policy? | Standard or Special |
| Who is responsible for paying the policy premium under a Business Owner's Policy? | The First Named Insured |
| Under the additional coverages of a Business Owners Policy, property removed to protect it from loss will be covered at another location for | 30 days |
| The BOP liability coverage section excludes | Work related injuries; Alcoholic beverage business; Most pollution losses |
| The standard BOP covers certain causes of loss. Example: | Aircraft or Vehicle Damage; Sinkhole Collapse; Sprinkler Leakage |
| If no other insurance applies, the following items are covered under the building coverage portion of the BOP | Additions under construction; Alterations and repairs to the building or structure; Materials within 100 feet of the premise used for additions, alterations, or repairs |
| Which of the following are Optional Coverages available under the BOP | Employee Dishonesty; Mechanical Breakdown; Money and Securities |
| The Right to Examine Books and Records condition found in the BOP allows the insurer to audit the insured during the policy period and up to | 3 years afterward |
| Professional Liability is NOT covered under the | Liability form of the BOP |
Created by:
BGeisert
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