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BOP VS. CPP Exam Questions and Answers

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BOP VS. CPP Exam Questions and Answers

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BOP VS. CPP Exam Questions and
Answers

An Extra Expense policy will cover all of the following EXCEPT: - ANSWERS -upgrades to the
business owners home after a loss



Which of the following can be found on the Declarations Page of a Business Owners Policy? -
ANSWERS -A description of the business being insured.



The Businessowners Policy will cover Fire Extinguisher Recharges up to how much? - ANSWERS -
This is a standard BOP coverage for up to $5,000.



Which of the following would likely be covered under a Business Owners Policy? - ANSWERS -6
unit apartment building



A neighboring business has a loss and causes the insureds business to relocate temporarily.
Which coverage will apply? - ANSWERS -Business Income with Extra Expense



All of the following are eligible for a Business owners Policy, EXCEPT: - ANSWERS -Farms get their
own insurance, under a Commercial Package Policy or Farm and Ranch policy.



Which business owner's policy (BOP) form includes the additional perils and coverage for
collapse and water damage? - ANSWERS -Broad form



Which of the following could be classified as a business owners policy? - ANSWERS -small to
medium sized businesses

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