BOP is usually provided as a package of coverages bundled into
one policy:
-
Property insurance for company property
-- there are two forms, standard and special, which provides
more comprehensive coverage.
-
Business interruption insurance for loss
of income from a fire or other catastrophe that disrupts operations.
It can also cover the extra expense of operating from a temporary
location.
-
Liability protection, which covers your
company's legal responsibility for harm caused by you and your
employees through defective products, faulty installations,
errors in services provided, etc.
BOPs do NOT cover professional liability, auto insurance, employment
practices liability, worker’s compensation or health and
disability insurance. These require separate policies.
source: Insurance Information Institute
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