Chapter 8 Test

Front 1

Example of a small business that is eligible for a BOP is a

Back 1

Retail Store

Front 2

Business Personal Property coverage, under the BOP includes property of the insure located within __________ feet of the building described in the declarations

Back 2

100 feet

Front 3

Liability section of a BOP Excludes

Back 3

Pollution Liability

Front 4

under a BOP coverage in the amount of ________

is extended for business personal property while away from the premises

Back 4

$1,000

Front 5

Standard deductible on a BOP is

Back 5

$500 however the can choose

$250 $1,000 or $2,500

Front 6

Which co-insurance provision on the policy must

be selected in order to have replacement coverage on a BOP

Back 6

80%

Front 7

Business Income and Extra Expense coverage is provided in addition to limits on a BOP up to

Back 7

an unlimited amount during the 12 month restoration period

Front 8

Theft is covered by the unendorsed Special Form BOP which provides a maximum of ____________

coverage for money and securities

Back 8

$0

Does cover theft for personal property but not money

Front 9

A party eligible to receive BOP payments for medical expenses in the event of injury at the insured premises would be

Back 9

a customer who attended a promotional dinner

Front 10

Which coverage is NOT optional on a BOP is

Back 10

Business Income Insurance

Front 11

On a BOP issued to the owner of a building the building is considered to be vacant if __________ % or more of the buildings square footage is not rented

Back 11

69%

Front 12

An unendorsed BOP Special Form for theft of jewelry provides coverage up to

Back 12

$2,500

Front 13

A BOP will provide for automatic increases in the business personal property limits up to _____ %

to provide for seasonal variations in inventory

Back 13

25%

Front 14

BOP Liability coverage for bodily injury and property damage would cover

Back 14

Injury or damage caused by the operation of mobile equipment