Final answer:
The minimum liability amount per occurrence for bodily injury and property damage claims available under the BOP can vary depending on the specific policy and insurance provider. As a general guideline, the Insurance Services Office (ISO) recommends a minimum liability limit of $1 million per occurrence for businesses under the BOP. Businesses may choose to purchase higher liability limits based on their specific needs and risks.
Step-by-step explanation:
In the context of the question, the BOP refers to the Business Owner's Policy, which is an insurance policy designed to provide coverage for small businesses. The minimum liability amount per occurrence for bodily injury and property damage claims available under the BOP can vary depending on the specific policy and insurance provider.
However, as a general guideline, the Insurance Services Office (ISO) recommends a minimum liability limit of $1 million per occurrence for businesses under the BOP. This means that the insurance policy would provide coverage up to $1 million for bodily injury and property damage claims resulting from a single incident.
It's important to note that this is just a recommended minimum and businesses may choose to purchase higher liability limits based on their specific needs and risks.