The property values and the class of business do most of the work. Building limit, business personal property limit, square footage, construction type, and the protection class at the address all feed the property side. The liability side runs off what you actually do, plus revenue or payroll depending on the class. Then loss history, deductible, and any endorsements. Because a BOP bundles property and liability at a set structure, the way to compare two of them is the coverage inside, not the premium on the front.
Related FAQs
No. Both are excluded from a business owners policy and are written separately. Earthquake is purchased as its own policy, typically with a deductible set as a percentage of ...
Not necessarily. It is often efficient, but the right structure depends on your risks. We help you compare the fit, not just the format.
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