BOPs are to commercial lines insurance what homeowners policies are to personal lines insurance. BOPs provide broad coverage in a package policy for many of the property and liability exposures faced by small businesses, but they usually do not address all insurance needs. Additional small business insurance needs usually include auto liability and physical damage insurance and workers compensation insurance. Many small businesses also need professional liability insurance and umbrella liability coverage under separate policies.

This course addresses the insurance coverages commonly used to address the property and liability exposures of small businesses.

On completion of this course, students will be able to

• identify the types of small businesses eligible for businessowners insurance
• explain the property and liability coverages provided by a standard Insurance Services Office, Inc. (ISO), BOP
  
• explain the property and liability coverage provided by a standard American Association of Insurance Services (AAIS) BOP
  
• summarize the common conditions of ISO and AAIS BOPs
• describe the coverage available to a small business under an ISO business auto policy (BAP)
• describe the coverage available to a small business under a workers compensation and employers liability policy
• describe the coverages available to a small business under commercial umbrella and professional liability policies