Business Owners Package

• Business Insurance ? packaged for convenience and savings
• Business Property
• Business Liability

The Business Owners Package (BOP) combines property and liability coverage. Property coverage includes: buildings, personal property, business income and extra expenses. Property coverage can be written to insure Specified Causes of Loss and/or provide coverage for risks of Direct Physical Loss, subject to exclusions.

Specified Causes of Loss typically include: fire, lightning, explosion, high winds, hail, smoke, aircraft, vehicles, riot or civil commotion, vandalism, leakage from fire extinguishing equipment, sinkhole collapses, volcanic action, falling objects, weight of snow, ice, sleet, or water damage.

Direct Physical Loss coverage means that the claim is covered unless otherwise excluded in the policy. Typical exclusions include but are not limited to: ordinance of law, earth movement, governmental action, nuclear hazard, utility service, war or military action, and water.

The Business Owners Package liability coverage is similar to the Commercial General Liability coverage form.

The Business Owners Package is written on an occurrence basis. Claims are paid under the policy in which they occurred.