Property and Casualty Insurance License Exam Cram™

Chapter 12. The Businessowners Policy

Terms you'll need to understand:

• Building coverage

• Business personal property

• Tenants improvements and betterments

• Debris removal

• Collapse

• Business income coverage

• Extended business income coverage

• Extra expense coverage

• Increased cost of construction

• Dependent properties

• Personal and advertising injury

• Utility services

• Protective safeguards

• Hired autos

• Nonowned autos

• Coverage territory

Concepts you'll need to master:

• Eligible occupancies

• Ineligible risks

• Covered causes of loss

• Additional coverages

• Coverage extensions

• Optional coverages

• Employee dishonesty

• Mechanical breakdown

• Internal or inside limits

• Who is an insured

• Civil authority actions

The Businessowners policy (BOP) is a commercial package policy that provides property and liability ...