Coverage against loss as the result of a burglary. Found as part
of the commercial package policy that has generally replaced the
special multiperil insurance (smp) policy and the mercantile open
stock burglary insurance policy. Covers loss of merchandise,
furniture, equipment, fixtures due to force and violence to the
exterior of a business's premises in order to gain entry, and
damage to the premises of the business as the result of the
burglary.
There is a coinsurance requirement that ranges from 40 to
80%.