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).
Popular Insurance Terms
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Commission that is paid based on how profitable a particular type of business proves to be that is written by an agent. ...
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Theft of another's property by a person entrusted with that property. Coverage can be found under various bonding arrangements. ...
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