• Rare Articles Coverage Includes Coins?

    Rare Articles Coverage Includes Coins? Q I am insuring a merchant on BOP Form BP 00 02 01 96 who had some rare coins stolen. Under optional coverage 4, burglary and robbery, how should rare coins be valued at face or current value? Ohio Subscriber A The definition of money on the BOP form is...

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  • Blanket Basis Coverage under BOP?

    Blanket Basis Coverage under BOP? Q Our agency insures a beauty shop under a Business Owners Policy (BOP) (ISO BP 00 02 12 99 ) providing coverage for the insured's building and business personal property. The insured also maintains a residence at this location but, due to the commercial...

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  • Fragile Articles Exclusion under BOP

    Fragile Articles Exclusion under BOP Q We request your opinion regarding a claim that has arisen under a businessowners package policy issued with special causes of loss form CP 10 30 10 91 . This particular risk involves a retail glass and glass repair shop. One of the named insureds...

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  • Pollution Damage, Falling Objects and the BOP

    Pollution Damage, Falling Objects and the BOP Q An insured knocked over a medical instrument that contained mercury. The mercury spilled and cleanup costs were incurred. The property is covered by BOP form BP 00 02 12 99 , the special property coverage form. Exclusion j., pollution, states that...

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  • Negligent Work Exclusion and the BOP

    Negligent Work Exclusion and the BOP Q Our client's building is insured on a BOP special form. The building has two levels. Recently, the insured was on the roof on the higher level. He was painting that portion of the roof, using a broom to apply the paint. During this operation, some paint...

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  • Power Surge and the BOP Form

    Power Surge and the BOP Form Q I write an account on an ISO BOP coverage form, BP 00 02 12 99 , with attached endorsement BP 04 56 01 97 , utility services direct damage. Electrical service was interrupted by a lightning strike, which resulted in direct damage to goods on the assembly line. This...

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  • Business Income and Computer Failure

    Business Income and Computer Failure Business Income and Computer Failure Our office is insured on a non-standard BOP which covers business personal property and business income. In June the electrical substation of our office building had a breakdown in which three transformers were broken. The...

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  • BOP Coverage for Violation of Privacy?

    BOP Coverage for Violation of Privacy? BOP Coverage for Violation of Privacy? Our insured is a physician who has coverage under a businessowners policy. A lawsuit has been filed against the insured because he hired a collection agency to collect a bill owed by a patient. The patient is suing...

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  • Concurrent Causation Language Does Not Exclude Windstorm Loss

    Concurrent Causation Language Does Not Exclude Windstorm Loss Concurrent Causation Language Does Not Exclude Windstorm Loss My client, a tenant with a businessowners policy, suffered a business income loss resulting from Hurricane Ivan. During the storm, the building had off-premises loss of...

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  • Coverage Territory under a BOP

    Coverage Territory under a BOP Coverage Territory under a BOP Our insured has a businessowners policy (BOP) under which he insures his office. He often shares other office locations with his friends and colleagues for the purpose of meeting with clients. Our insured has no contents at these other...

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