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Policy Highlights
Contact:
Madhu Ohri (301) 961-9885
Madhu.Ohri@Schinnerer.com
Target Risks: Small to medium-sized firms
Availability: All states and the District of Columbia, except AK, HI, LA and NY
Program Features
- Comprehensive property and casualty coverage for specific business exposures, such as:
- Computer equipment - $10,000 with option to increase
- Laptops and cell phones on a worldwide basis with property extension SB 300177A
- Valuable papers/media - $100,000 with property extension
- Accounts receivable - $100,000 on premises with property extension, $25,000 off premises
- Business property off premises - Equal to BPP Limit (including business property at residence of employees)
- Back-up of sewers or drains - Optional
- Blanket additional insured and waiver of subrogation including products and completed operations on BOP.
- Toll-free claims reporting line
- Endorsement for BOP Enhanced GL coverage may be purchased for an additional cost
Policy Highlights in a printer-friendly format.
Apply now: To apply for full coverage, please fill out the Acord Property & General Liability application and submit along with the DesignOne/P&C Supplemental Application to your broker.
(Please note: the above documents are in the Adobe Acrobat Portable Document Format [PDF]. Before viewing them, you may need to download the Adobe Acrobat Reader. The free Adobe® Acrobat® Reader allows you to view, navigate and print PDF files across all major computing platforms.)
Questions about the BOP
What is a Business Owners' Policy (BOP)?
The BOP combines property and casualty coverage into one policy. Business owners' policies usually provide industry-specific P&C coverage to protect equipment and facilities. The BOP is intended for small to medium-sized firms.
Why do I need a BOP?
The BOP contains property coverages essential to running a business. Almost every organization depends on some kind of specialized property to do business. Be it valuable papers, laptops or surveying equipment, property coverage protects you against loss of or damage to these essential pieces of your business. It only takes one disaster to wipe out your equipment.
The BOP's casualty coverages are equally important. General liability coverage is the most basic type of commercial insurance and one of the most important. Most landlords even require their tenants to carry it. GL coverage immediately protects your business from injury and property damage claims that could seriously impact your business.
What we offer
The BOP provides property and casualty coverage for business-specific exposures. The minimum premium is $500 in most states. See our Policy Highlights for more information.
The BOP is intended for small to medium-sized firms. Larger firms, those with complicated risks, or design/build firms should consider our TCPP.
Also see our Frequently Asked Questions about the BOP.
Related Documents
This information is for illustrative purposes only and is not a contract. It is intended to provide a general overview of the plan described. Please remember only the insurance policy can give actual terms, coverage, amounts, conditions and exclusions. Program availability and coverage are subject to state regulatory approval.
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