Businessowners Property Coverage, Part I

Form BP 00 03 07 13

Summary: Before there were two Insurance Services Office (ISO) Businessowners property coverage forms—one providing standard, or named perils protection, (BP 00 01 01 97), and the other providing special perils protection, (BP 00 02 12 99).  In 2002, there became just one form, BP 00 03, which incorporates special perils coverage, liability coverage, and the policy conditions. Coverage may be changed to named perils by attaching endorsement BP 10 09 07 13. This endorsement is discussed elsewhere; see Businessowners Program Endorsements. The Businessowners conditions and liability coverages are also discussed elsewhere. See “Businessowners Program,” for a discussion of eligibility and the general conditions, and see “Businessowners Liability Coverage.”