The intent of this insurance policy was to provide a comprehensive policy that would omit the need for small businesses to make numerous decisions, while also incorporating coverage on exposures often overlooked.Identify this insurance policy.
A)Inland marine insurance
B)Business owners policy
C)Oceans marine insurance
D)Capital asset program
E)Commercial aviation policy

Question

Quizplus · Accepted Answer

A Business Owners Policy (BOP) is designed to provide comprehensive coverage for small businesses by combining property and liability insurance into one package. This simplifies the insurance process for small business owners by reducing the number of decisions they need to make and covering a broad range of exposures.

The Intent of This Insurance Policy Was to Provide a Comprehensive