Businessowners Policies, traditionally referred to simply as “BOPs,” were introduced in 1976 and significantly revised in 1987. Designed to simplify the risk management process by packaging property and liability coverages into one form while adding several coverage extensions traditionally necessitating endorsement, BOP policies have long been viewed as the easiest way to protect the client with the greatest amount of coverage and the least amount of work; and to a great extent, they achieve these objectives. However, reliance on the automatic coverages provided by the BOP may have blinded some to the form’s coverage gaps.

Participants in this class will learn:

• The five major coverage gaps in the BOP policy
• How these gaps could harm the client
• Which coverage gaps can be closed
• How to close these gaps where possible