IRMI Update Quiz
How well do you know what a businessowners policy (BOP) really delivers? One of these answers catches even experienced pros off guard—see if you get it right. Which of the following advantages is automatically included in a typical BOP for contractors?
A. Business income and extra expense (time element) coverage
B. Reduced underwriting documentation requirements for all contractors
C. Guaranteed premium discounts regardless of risk profile
D. Replacement of all specialty endorsements with standard coverage
Correct Answer: The correct answer is A! Ready for more? Explore key Insurance Services Office, Inc., BOP updates—expanded coverages, clarifications, and contractor eligibility changes—and what they mean for construction insureds in Construction Risk Manager.
