A BOP's list of property not covered is shorter than a commercial package policy's. The reason is eligibility: ineligible risks are screened out, so BOP insureds are generally lower-risk businesses, and many typical exclusions are not needed.

The difference in practice: commercial package property forms usually list excavation costs, underground pipes, foundations and retaining walls as property not covered. The BOP usually does not exclude them. Items such as land, vehicles subject to motor vehicle registration and contraband remain on the BOP's own list of property not covered.

Automatic seasonal increase: a store's stock swells before the holidays. The outline says the BOP increases the limit by 25% when the insured is insured to 100% of value. Under the ISO form, the increase applies to business personal property, and the test is whether the limit is at least 100% of the average monthly values over the past 12 months.

Example: a $200,000 business personal property limit, average monthly values of $190,000 over the past 12 months, and no other percentage shown. The limit rises 25%, to $250,000, so a December fire that destroys $240,000 of stock and equipment is paid in full (ignoring the deductible).