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Business Property and Liability Insurance Package

 
Business Dictionary: 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 non-actions) of the business's representatives result in bodily injury or property damage.

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Insurance Dictionary: Business Property and Liability Insurance Package
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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).

 
 

 

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Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more