The Businessowners Policy - Module C

The insured is covered under a standard Businessowners policy. She has several computers used in the business and the electronic data stored on them becomes corrupted as a result of lightning. The cost to research and restore this data is $20,000. How much will the policy pay for the electronic data?

$10,000

Under the additional coverages of the standardized Businessowners policy, how much is the limit for "Pollutant Clean-Up and Removal" if caused by a covered loss?

$10,000 in any 12-month period

Which of the following is the additional limit provided by a standard Businessowners policy "Debris Removal" in the event that the policy limit is exhausted in paying the loss?

25,000

The "Business Income" additional coverage of the standard Businessowners policy provides coverage for "ordinary payroll coverage" for:

60 days unless the insured selects and schedules a different amount.

A business covered by a standard Businessowners policy is shut down due to the acts of a civil authority. Which of the following additional coverages would NOT be subject to a waiting period before coverage would apply?

Extra Expense. Under the BOP forms, if the actions of a civil authority render a business inaccessible due to loss of property at "other than" the insured location, any extra expenses incurred are not subject to the normal 72-hour waiting period for business income.

After the waiting period, the "Civil Authority" additional coverage of the BOP will begin paying for business income. This coverage is effective for up to:

Four consecutive weeks

Which of the following statements is TRUE regarding how a standardized Businessowners policy additional coverage of "Collapse" becomes payable?

The collapse must be such that the building cannot be used as intended.