Businessowners policy (BOP)

{
  "id": "MLC-T-INS-000651",
  "term": "Businessowners policy (BOP)",
  "field": "Insurance and risk management",
  "definition": "A package policy that combines property and liability insurance into a single contract, designed for small to medium-sized businesses. A businessowners policy (BOP) typically includes property coverage for buildings and contents, business income coverage, and commercial general liability insurance. Eligibility is restricted to certain types of lower-risk businesses that meet specific criteria regarding size, revenue, and operational exposures, as defined by the insurer.",
  "abbreviation": "BOP",
  "subject": "Businessowners Policy",
  "url": "https://mlchart.com/terminology/insurance/businessowners-policy-bop/"
}