BOP = property + general liability + other common coverages for small and midsize businesses.

No commercial auto and no workers' comp in a BOP.

Hired and non-owned auto liability: add by endorsement.

Building = structure, completed additions, fixtures, permanently installed machinery.

Business personal property = owned movable property + tenant's improvements and betterments.

Property of others in care, custody or control is covered too.

BOP is designed like a homeowners policy for small businesses.

Packaging reduces adverse selection.

Simplified rating and automated underwriting lower insurer costs.

Outline size tests: under 35,000 sq ft; no more than $6,000,000 gross revenue per location.

Restaurants and contractors can qualify under class rules.

Ineligible (outline): auto-related, bars, financial institutions, manufacturing.

BOP: special businessowners rules and rates; CPP: monoline rules plus a package discount.

Property is rated on the building and BPP limits.

Business income is a built-in loading, not a separate charge.

Liability rate: set by class, applied to the property limits.

Variables: territory, construction, public fire protection, occupancy, deductible, increased coverage.

Fire-resistive construction usually gets the lowest property rate.

Higher deductible lowers premium; higher limit raises it.

BOP valuation: replacement cost standard, ACV optional.

Insurance-to-value at 80%: pay the greater of ACV or limit ÷ (80% of RC) × loss.

Insurance-to-value can be waived by endorsement; the limit still caps payment.

BOP usually does not exclude excavation, underground pipes, foundations or retaining walls.

Seasonal increase: limit rises 25% when insured to 100% of value.

BOP business income: usually included; no coinsurance, no monthly maximum, no dollar cap.

Time limit: 12 months from the date of the damage.

Outline formula: 20% of the building limit + 100% of the BPP limit.

Employee dishonesty: employees covered; the named insured and partners are not.

Money and securities = theft, disappearance, destruction; burglary and robbery = force needed.

Forged check → forgery or alteration; fake bill taken in good faith → money orders and counterfeit money.

Detached sign damaged by wind → needs the Outdoor Signs option.

Mechanical breakdown is excluded unless Equipment Breakdown Protection is added.

Accounts receivable = uncollectible amounts; valuable papers = restoring records.

Additional coverage limits are low but can be raised.