MANAGEMENT

Detailed explanation-1: -What Is Business Owner’s Policy Insurance? A Business Owner’s Policy (BOP) combines business property and business liability insurance into one business insurance policy. BOP insurance helps cover your business from claims resulting from things like fire, theft or other covered disasters.

Detailed explanation-2: -BOP stands for Balance of Payment. It is a statement that records all the monetary transactions that have taken place between a country’s residents and the rest of the world during a given period. Also read: Balance of Payment.

Detailed explanation-3: -A business owner’s policy (BOP) combines two types of coverages to protect your small business against a variety of claims. Its coverage components include: Commercial general liability insurance. Commercial property insurance, often including business income and extra expense (BIEE)

Detailed explanation-4: -A commercial package policy (CPP) is exactly what it sounds like-a package of commercial policies. A commercial package policy combines two or more coverages like commercial property and commercial general liability, business crime, equipment breakdown, inland marine, and commercial auto liability.

Detailed explanation-5: -A single insurance policy that combines several coverages previously sold separately. Examples include homeowners insurance and commercial multiple peril insurance.