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Study with quizlet and memorize flashcards containing terms like which of the following motels would be eligible for coverage under the bop? Coverage is available for guests’ property in safe deposit boxes at limits of $5,000, $10,000, $15,000, $20,000 and $25,000 per occurrence. A bop is appropriate for any business that has employees or physical property
Which business would be eligible for bop coverage It should be used in conjunction with motel endorsement bp0710 A business owners policy (bop) combines general liability insurance, commercial property insurance and business interruption insurance into one policy
You can benefit from a bop if you can’t.
Bop covers the physical structures of your business The hotel building itself for example, and your outdoor pool furniture is protected by loss with a business owners policy. Business personal property in eligible apartment buildings, offices, and mercantile, wholesale, service, or processing operations is also eligible for bop coverage Typically, businesses such as traditional retailers (furniture stores, clothing stores, hardware stores, offices, etc.) are candidates for bop
Restrictions usually limit the size and types of occupancies in the eligible building. Eligibility for a bop primarily depends on how risky it is to insure your business Motels can qualify for a bop if they adhere to certain size and operational guidelines
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