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"Business Owner's Policy"Definition: A Business Owner's Policy (BOP) is a packaged policy of insurance products that usually includes property and casualty, liability, and a business interruption policy. The BOP is targeted towards small and medium sized businesses with with well-defined risk. The BOP is sold by many business insurers and generally has cheaper premiums than if the policies were purchased separately. Also Known As: Abbreviation, BOP; Businessowners Policy
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