Coverage Definitions
Explore key insurance terms, understand what each coverage provides, and learn how they apply to Merchants policies and forms.
Business Owners Policy (BOP)
Understand the basics of BOP coverage — a package policy designed for small to midsize businesses that combines property, liability, and business interruption into one convenient solution.
Contractors Package Policy (CTR)
Understand the basics of contractor coverage — including protection for job site operations, tools and equipment, and the liability exposures unique to construction and trade work.
Auto Repair Policy
Understand the basics of auto repair coverage — a combination of property, liability, and specialty protections designed to address the unique risks faced by garages and service shops.
Commercial Auto Policy (CAP)
Understand the basics of CAP coverage — a policy that protects business-owned vehicles with liability and physical damage coverage for autos used in daily operations.
Commercial Umbrella Policy (CUP)
Understand the basics of CUP coverage — an extra layer of liability protection that sits over primary policies like General Liability, Auto, and Employers Liability to safeguard against large losses.
Workers’ Compensation Policy (WC)
Understand the basics of Workers’ Compensation — a required coverage that helps protect employees with medical and wage benefits for work-related injuries or illnesses.
