Business, Legal & Accounting Glossary
An insurance package designed to cover both property and liability insurance which is in general more reasonably priced than other options. A BOP is typically attractive for small businesses that want to avoid the higher costs of separate insurance policies. Small and medium-sized businesses are usually eligible for this type of insurance package but large corporations will not meet the eligibility requirements due to the greater risk involved in their business operations.
BOP
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This glossary post was last updated: 20th November, 2021 | 0 Views.