Summary
The purpose of the ISO Businessowners Program (BOP) is to provide smaller businesses a package of insurance similar to the Commercial Package Policy (CPP). Certain endorsements and additional coverages are available to customize the coverage. In July 1, 2002, ISO announced significant enhancements and other form and coverage changes to both the property and liability sections of the BOP. Almost all retailers, wholesalers, small contractors, artisan contractors and convenience stores (including those with gas pumps) are eligible for BOP coverage. Note that such operations do not qualify for BOP coverage if their premises exceed 25,000 square feet in total floor area or they have gross annual sales greater than $3 million per location.
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Extract
Iso Bop Program
The purpose of the ISO Businessowners Program (BOP) is to provide smaller businesses a package of insurance similar to the Commercial Package Policy (CPP). Certain endorsements and additional coverages are available to customize the coverage. In July 1, 2002, ISO announced significant enhancements and other form and coverage changes to both the property and liabili...
See the full content of this document
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