Commonly called a “BOP” policy and sometimes referred to as an “office package,” this insurance helps protect your business against third-party liability claims not otherwise covered by your Errors & Omissions policy, such as cases like these:
- Property damage during a showing
- Injury to a person during a showing or at your office
- Coverage if you are renting a business office and the landlord needs you to cover them as additional insured
- Theft or damage to business property, which can include owned computers, office equipment, furnishings and the physical office building.
Also, many BOP policies include loss of income coverage.