Chapter Exam - Business owners Policies (BOP)
questions and answers A+ rated 2025-2026
updated
1. Which of the following in- A copier leased by the insured
sured property would be
cov- ered under a Coverage B of the BOP pays for loss to business personal
replacement prop-
cost basis in a Business Own- erty of the insured, including business personal property
leased
er Policy under Coverage by the insured for which the insured is contractually liable.
B?
Remaining answers are coverages that would be
attorded under Coverage A of a BOP.
2. The Period of Restoration be- 72 Hours after a direct covered loss occurs for business
income
gins
The period of restoration is that period of time, following a
direct loss, during which suflcient repairs can be made to
resume operations, and business income benefits are
3. Which of the following paid.
losses will NOT be covered
by Sec- tion I of a BOP?
An employee makes an unauthorized transfer of property to
someone ott-premises.
If an employee is fooled, the insured must absorb the
loss.
And if an employee turns over property to an unauthorized
4. Which of the following ex- party, the policy explicitly excludes the loss.
penses would be covered
under supplementary pay-
ments coverage The other three situations are explicitly covered on a limited
incorporat- ed into a basis.
business owner's li- ability
policy? Loss of income by the insured due to missed work while
1/
9
, Chapter Exam - Business owners Policies (BOP)
questions and answers A+ rated 2025-2026
updated
defend- ing a claim.
Why?
When the insured loses income because
of the need to appear in court or prepare
for a trial, the BOP considers it to be a
covered cost and reimburses up to $250
per day.
2/
9
questions and answers A+ rated 2025-2026
updated
1. Which of the following in- A copier leased by the insured
sured property would be
cov- ered under a Coverage B of the BOP pays for loss to business personal
replacement prop-
cost basis in a Business Own- erty of the insured, including business personal property
leased
er Policy under Coverage by the insured for which the insured is contractually liable.
B?
Remaining answers are coverages that would be
attorded under Coverage A of a BOP.
2. The Period of Restoration be- 72 Hours after a direct covered loss occurs for business
income
gins
The period of restoration is that period of time, following a
direct loss, during which suflcient repairs can be made to
resume operations, and business income benefits are
3. Which of the following paid.
losses will NOT be covered
by Sec- tion I of a BOP?
An employee makes an unauthorized transfer of property to
someone ott-premises.
If an employee is fooled, the insured must absorb the
loss.
And if an employee turns over property to an unauthorized
4. Which of the following ex- party, the policy explicitly excludes the loss.
penses would be covered
under supplementary pay-
ments coverage The other three situations are explicitly covered on a limited
incorporat- ed into a basis.
business owner's li- ability
policy? Loss of income by the insured due to missed work while
1/
9
, Chapter Exam - Business owners Policies (BOP)
questions and answers A+ rated 2025-2026
updated
defend- ing a claim.
Why?
When the insured loses income because
of the need to appear in court or prepare
for a trial, the BOP considers it to be a
covered cost and reimburses up to $250
per day.
2/
9
