Arizona Adjuster Practice Exam

Which type of business personal property can be insured by an unendorsed businessowners policy (BOP)?

1. Real estate owned by the business

2. The business' furniture and office equipment

3. Vehicles used by employees

4. Personal properties of owners

The correct answer is: The business' furniture and office equipment

The type of business personal property that can be insured by an unendorsed Businessowners Policy (BOP) includes the business's furniture and office equipment. A BOP is specifically designed to provide coverage for small to medium-sized businesses, including their personal property used in the business operations. This typically encompasses items such as desks, chairs, computers, and other office equipment that are essential for day-to-day activities. Real estate owned by the business is generally covered under a different type of property insurance, as a BOP focuses on personal property rather than real property. Vehicles utilized by employees are typically covered under commercial auto insurance, not a BOP, since the BOP is not designed for insuring vehicles. Personal properties of the owners are also excluded from coverage under an unendorsed BOP, as the policy specifically targets business property rather than personal belongings. Therefore, the business's furniture and office equipment are the appropriate and covered types of properties under an unendorsed BOP, aligning with the policy's intended coverage for business-related personal property.