A BOP (businessowners policy) is most similar to?

A Businessowners Policy (BOP) is most similar to a Homeowners policy because both are designed to provide coverage for specific property types and liability concerns relevant to their respective environments, that is, businesses for BOPs and personal residences for Homeowners policies.

Both policies typically combine various types of coverage in a single package. For instance, a BOP usually includes property insurance, liability coverage, and business interruption insurance tailored to the needs of small to medium-sized businesses. Similarly, a Homeowners policy combines dwelling coverage, personal property insurance, and liability protection for homeowners.

The foundational similarities in how these policies provide comprehensive coverage tailored to a specific type of risk make them comparable. While an auto policy caters specifically to vehicles, an umbrella policy extends liability coverage beyond the primary policies, and a cargo policy targets goods in transit, these do not share the same structural or functional characteristics of comprehensive coverage focused on property and liability as seen in both BOPs and Homeowners policies.