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It's business, it's not personal (property)

Here are four scenarios in which business personal property (BPP) was lost, and how insurance coverage applied to each.

By FC&S Editors | Updated on August 30, 2017
Montana politician Greg Gianforte poses with animal trophies at his Bozeman home in October 2016. When similar hunting trophies are displayed at a business, they may not be covered in the event of a loss. (AP Photo/Matt Volz, File)

Analysis brought to you by the experts at FC&S Online, the unquestioned authority on insurance coverage interpretation and analysis for the P&C industry. To find out more — or to have YOUR coverage question answered — visit the National Underwriter website, or contact the editors via Twitter: @FCSbulletins.

Question: The insured has a commerical policy — CP 00 01 (07/02) — with no deductible. This policyholder owns a few buildings and one of the buildings is used to store some of his business personal property (BPP) valued at $200,000. He has the property insured for $200,000. So it is insured adequately.

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