What does a businessowners policy cover?
Many organizations are insured under "businessowners policies" instead of the more cumbersome type of commercial package policy that includes the various coverage parts such as commercial property, boiler and machinery, crime, and inland marine. Typically, businessowners policies provide, in one form, most of the property coverages needed by small to medium-sized, uncomplicated risks such as stores, offices, and apartment buildings. A businessowners policy ordinarily includes building and contents coverage, business income coverage, and, for additional premium, crime, boiler and machinery, and inland marine coverages. Liability coverage, like that of the commercial general liability coverage form, is also included in the policy.
