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Business Owner's Policy
(BOP) |
Business Owners Policy
A Business Owners Policy (BOP) offers a broad package of
coverages designed especially for small to medium-sized businesses. It provides
property and liability coverages, and automatically includes other coverages.
You receive money from an insured loss, pay the bill, and
receive all notices. everyone with an insurable interest in the property/operation
must be listed. All names must be accurate and correct.
Coverages:
$500 Deductible is what you pay before your insurance
company takes over. This dedcutible applies to your property only. there is no
deductible for other coverages.
Major Exclusions and limitations include:
- Earthquake
- Glass
- Wear & tear
- Voluntary parting of your property
- Accounting errors
- War
- Mysterious disappearance
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- Electrical Disturbance
- Programming errors
- Mechanical Breakdown
- Neglect
- Lack of safeguarding your property after a loss
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Building:
A $500 deductible applies to your buildings, completed
additions, permanently installed fixtures, machinery and equipment, building service
equipment such as fire extinguishers, refrigeration, ventilation, and cooking systems and
floor coverings for owned and leased properties
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