Definition of "Business property and liability insurance package"
Ron Donofrio, Real Estate Agent
Hudson Valley Catskills Realty / Florida Brokers Realty
Protection of the property of the business that is damaged or destroyed by perils such as fire, smoke, and vandalism; and/or if the actions (or nonactions) of the business' representatives result in bodily injury or property damage to other individuals. Many insurance policies provide such coverages, but the two most often used are the commercial package policy and the businessowners policy (BOP).
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