Question

52. Which of the following risks are eligible for coverage under a businessowners policy (BOP)?

(Choose from the following options)
1. Bars or taverns
2. Condominiums
3. Banks
4. Automobile dealers

Answer 1

Bars or taverns, condominiums, banks, and automobile dealers are eligible for coverage under a Businessowners Policy (BOP).

Step-by-step explanation:

A Businessowners Policy (BOP) typically provides coverage for small to medium-sized businesses. Among the options listed, the risks eligible for coverage under a BOP are:

1. Bars or taverns: BOPs often include coverage for businesses that serve alcohol, such as bars or taverns, as they face unique risks.
2. Condominiums: BOPs can also cover condominium buildings, which may include common areas and liability coverage for property issues.
3. Banks: BOPs may cover banks, providing coverage for property, liability, and other risks specific to the banking industry.
4. Automobile dealers: BOPs can offer coverage to automobile dealerships, safeguarding against property damage, liability, and other risks associated with selling and servicing vehicles.