What is Commercial Property and Casualty Coverage?
A. Sometimes referred to as business owner’s policy (BOP), it’s business insurance coverage that provides Property and General Liability insurance to small businesses. The Business Owner’s Policy prepackages a group of coverages desirable to businesses. Usually coverage is provided for Property Coverage; Business Interruption and Continuation Coverage; General Liability Coverage; and Crime Protection. Also available under small commercial property and casualty category are Workers Compensation, Commercial Auto, Commercial Liability Umbrella, Fidelity, Mechanical Systems and Kidnap and Ransom Insurance.
Related Questions
- How much crime coverage can be purchased through OFP for a commercial property, how do I apply for such coverage, and will the crime coverage be attached to OFPs Standard Property Policy for Commercial Risks?
- Is coverage for flood losses automatically included in most property policies (homeowners or commercial property)?
- What is Commercial Property and Casualty Coverage?
