Business Property And Liability Insurance Package


Definition of "Business property and liability insurance package"

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).

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Casualty

Liability or loss resulting from an accident. Such liability or losses are covered under such policies as the following: business automobile policy (B ...

Population Increments

Additions of new entrants into an employee benefit insurance plan. ...

All Lines Insurance

Combination of coverages from property, liability, health, and life insurance into a single insurance policy from one insurance company. ...

Managed Care Organization (mco)

Entity that offers a managed care plan for workers compensation benefits that joins a provider network with the following parts: case management perso ...

Insurance Fraud Prevention Act

Legislation that makes insurance fraud a federal crime. This act is part of the Omnibus Crime Bill. Under the act, it is a federal crime to embezzle o ...

Guaranteed Cost (traditional) Insurance Program

Arrangement under which the insured pays a fixed premium to the insurance company in exchange for the total transfer of the risk to that company. ...

Popular Real Estate FAQ

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Building a Real Estate Team Property tax in the US: a homebuyer guide Buying a House with Cash vs. Mortgage Short-term Lease Pros and Cons Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House

FAQ

What is a proprietary lease? What is a mortgage insurance premium (MIP)? What is a VA loan? What is a point? What is a front-end ratio?