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Owned or rented commercial space, finished or under construction additions, outdoor fixtures. Any objects kept temporarily in the care, custody, or control of the business or business owner but owned by the business or business owner or by a third party. Business property must be kept at a specific location near business premises to be covered by a Business Insurance Policy. (e.g., within 50 feet of the business space).
Usually, it takes the form of reimbursement for legal costs, including attorneys’ fees, settlement amounts, and court costs which are associated with third-party litigation filed in response to such incidents.

The liability section of a company owner’s policy protects third parties who sustain physical harm, property damage, advertising harm, or personal injury on the premises of a covered firm or as a result of an owner’s or employee’s negligence. This coverage often takes the form of reimbursement for the costs of attorneys’ fees, settlements, and court costs associated with third-party litigation stemming from such situations.

Additionally, Business Insurance’s liability coverage may include reimbursement for medical costs brought on by a third party’s accident.
A third party injured on the premises of a covered firm may also be entitled to compensation for medical costs for up to a year following the incident under BOP liability coverage. Most insurance companies offer optional enhancements or endorsements on company owners’ policies in addition to the standard coverages, allowing business owners to customize a policy to meet their unique needs.