Businessowners Policy definition

Businessowners Policy. (“BOP”) means Basic Property Insurance as defined in Division I Section IIIB of the Plan and shall include a combination of the Insurance Services Office’s Standard Businessowners Property Coverage Form and Insurance Services Office’s Standard Businessowners Liability Coverage Form for coverage on certain small business operations necessary and incidental to the occupancy of the property.
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Businessowners Policy. (“BOP”) means Basic Property Insurance Division II policies that shall include a combination of the Insurance Services Office (ISO)’s Standard Businessowners Property Coverage Form and ISO’s Standard Businessowners Liability Coverage Form, including as modified with the Commissioner’s prior approval, for coverage on certain small business operations necessary and incidental to the occupancy of the property. Basic Property Insurance Division II policies shall not include insurance on automobile risks, commercial agricultural commodities or livestock, or equipment used to cultivate or transport agricultural commodities or livestock. (Insurance Code section 10091, subd. (c).).
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Examples of Businessowners Policy in a sentence

  • The limit of insurance under the Businessowners Policy applicable to the building is automatically increased during the policy period by an annual percentage shown in the Declarations.

  • The Businessowners Policy deductible that applies to business personal property applies.

  • This endorsement amends the Businessowners Policy to provide coverage for commercial condominium unit-owners.

  • Commercial Liability Coverages contain additional definitions, coverage descriptions, exclusions, limitations, and conditions that apply to the liability coverages provided by the Businessowners Policy.

  • The Businessowners Policy and Businessowners Extension Endorsement provide a combined $25,000 limit for Personal Property Off Premises.Higher limits can be purchased up to $250,000 as long as Named Perils endorsement BP 10 09 is not used with the policy.

  • This endorsement amends the Businessowners Policy to provide coverage for commercial condominium associations.

  • McBrides Aurora has a Businessowners Policy from Society Insurance, Policy No. TRM 591971-4.

  • Isaac’s claims that they are entitled to reimbursement for lost revenue under the Business Income, Extended Business Income, Extra Expense, and Civil Authority provisions of their Businessowners Policy (the “Policy”) with State Auto.

  • Rule 1.C. Eligibility of APPLICATION OF THIS DIVISION is replaced with the following:A Commercial Package Policy must include two or more Coverage Parts or for auto only, a Businessowners Policy must be written.B. Table 1.

  • Should you require further information on the operation of the system, please contact your nearest BioCycle/JOWA Group office.Electricity ConsumptionOur electrical consultants advise that the annual usage of electricity for the total system is similar to that of an average household refrigerator.Septic Tank / Primary Chamber PumpoutDepending on individual household usage, it will be necessary to periodically pump out the contents of the septic tank (2-tank models) or primary chamber.

Related to Businessowners Policy

  • Procurement Policy means ADB’s Procurement Policy - Goods, Works, Nonconsulting and Consulting Services (2017, as amended from time to time);

  • R&W Policy means those certain buyer-side representations and warranties insurance policies purchased by Buyer in connection with this Agreement.

  • Environmental Policy means to conserve energy, water, wood, paper and other resources, reduce waste and phase out the use of ozone depleting substances and minimise the release of greenhouse gases, volatile organic compounds and other substances damaging to health and the environment, including any written environmental policy of the Customer;

  • Homeowners association or “HOA” or “POA” – shall mean an entity or entities, including its/their employees and agents, which may have jurisdiction over lands located within the District, either now or in the future, which may exist to aid in the enforcement of deed restrictions and covenants applicable to lands within the District.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Fuel Cost Policy means the document provided by a Market Seller to PJM and the Market Monitoring Unit in accordance with PJM Manual 15 and Operating Agreement, Schedule 2, which documents the Market Seller’s method used to price fuel for calculation of the Market Seller’s cost-based offer(s) for a generation resource.

  • City Policies means any or all (as the context requires) of those procedures, standards and/or standard specifications, requirements, policies and the like listed in Schedule H or notified to the Supplier from time to time, as the same may be updated, modified, expanded, revised, supplemented and/or replaced from time to time by the City (as notified to the Supplier);

  • Coordinated licensure information system means an integrated process for collecting, storing, and sharing information on nurse licensure and enforcement activities related to nurse licensure laws that is administered by a nonprofit organization composed of and controlled by licensing boards.

  • Comprehensive assessment means the gathering of relevant social, psychological, medical and level of care information by the case manager and is used as a basis for the development of the consumer service plan.

  • Insurance Report means an insurance report in respect of the Insurances confirming that such Insurances are placed with such insurers, insurance companies and/or clubs in such amounts, against such risks and in such form as acceptable to the Agent (acting on the instructions from the Finance Parties) and comply with the requirements under Clause 26.3 (Insurance) and the GIEK Guarantee prepared by Bank Assure Insurance Services Inc., or such other reputable insurance advisor approved by the Agent, and dated on or about 11 June 2010 and addressed to, and capable of being relied upon by, the Finance Parties.

  • Master Policy means a single worker’s compensation insurance policy issued by an insurer authorized to do business in this state to an employee leasing company in the name of the employee leasing company that covers more than one client of the employee leasing company.

  • SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.

  • Property Insurance is defined in Section 6.10(a).

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • Flood Insurance Regulations means (a) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (b) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (c) the National Flood Insurance Reform Act of 1994 (amending 42 USC § 4001, et seq.), as the same may be amended or recodified from time to time, and (d) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Tariff Policy means a Tariff Policy adopted by the Council in terms of Section 74 of the Local Government: Municipal Systems Act 32 of 2000.

  • Homeowners association” or “association” means a Florida corporation responsible for the operation of a community or a mobile home subdivision in which the voting membership is made up of parcel owners or their agents, or a combination thereof, and in which membership is a mandatory condition of parcel ownership, and which is authorized to impose assessments that, if unpaid, may become a lien on the parcel. The term “homeowners’ association” does not include a community development district or other similar special taxing district created pursuant to statute.

  • Professional land surveyor means a professional land surveyor licensed under ch. 443.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Franchise insurance means an individual insurance policy provided through a

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Policy means Related Party Transaction Policy.

  • Risk Management Policy means the Risk Management Policy of the Borrower in effect on the date of this Agreement as amended from time to time.