Assignment; Understanding Package Policies – The Business Owners Policy (FIN 401: Insurance & Risk Management)
Students will answer the following questions in a clear and concise manner. Remember to include the use of examples to support your response. Instructions: Answer the following questions:

1. What is a package policy?

2. Explain the advantages of a commercial package policy to a business firm as compared to the purchase of separate policies.

3. A businessowners policy (BOP) contains a number of coverages. Explain the following:

a. Coverage of buildings b. Coverage of business personal property c. Covered causes of loss d. Additional coverages provided by the BOP

4. Define robbery, burglary, safe burglary, and theft.