1. A businessowners policy (BOP) sold to a New Mexico small business generally combines:

Property and general liability in one package

A BOP packages commercial property and general liability coverage for eligible small businesses in one policy.

2. Under the ISO businessowners form (BP 00 03), business income loss is covered only if sustained within how long after the direct physical loss?

12 consecutive months

The BOP pays business income sustained during the period of restoration that occurs within 12 consecutive months after the loss; ordinary payroll is limited to 60 days unless more is shown.

3. A Businessowners Policy (BOP) is designed to:

Combine property and liability coverages for eligible small and medium-sized businesses

The BOP packages commercial property and general liability for eligible small to medium businesses in a single, simplified policy.

4. Which risk is typically eligible for a Businessowners Policy?

A small retail store, office, or apartment building

BOP eligibility targets smaller, lower-hazard risks such as retail stores, offices, and apartment buildings; large or high-hazard risks are ineligible.