Definitions

Surplus Lines Insurance

Coverage that is provided by insurers not licensed in the states where the risk is located.

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Business Income

A BOP includes business income insurance (BI).  Also known as Business Interruption Coverage, BI compensates you for the business income you may lose as a result of a covered loss.  Causes of loss typically disrupt operations and may cause you to vacate your premises.  The BOP also covers the extra expense you may incur if you must operate out of a temporary location. Business Income is also...

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