A business owners policy, or BOP, is a type of insurance that provides coverage for a wide range of risks that businesses commonly face. However, like all insurance policies, a BOP will have exclusions – things that are not covered by the policy. Some common exclusions on a BOP include:
• Damage or loss caused by floods, earthquakes, or other natural disasters (unless specifically covered by an endorsement)
• Damage or loss to vehicles owned by the business (this would typically be covered by a separate commercial auto insurance policy)
• Damage or loss caused by war, nuclear incidents, or terrorism
• Liability arising from professional services provided by the business (this would typically be covered by a separate professional liability insurance policy)
• Liability arising from employee injuries (this would typically be covered by a separate workers’ compensation insurance policy)
• Liability arising from the intentional acts of the business or its employees
These are just some examples of common exclusions on a BOP. It’s important to carefully review your policy to understand what is and is not covered. If you have any questions or concerns, it’s always a good idea to speak with your insurance agent for more information.
Why Fortis?
As an independent insurance agency invested in and committed to improving the customer experience, Fortis Insurance Partners is making it quick, easy, and affordable to get the right insurance coverage.
The information on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined following a claim investigation.
