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Insurance Glossary

The world of insurance for law firms can be confusing, and difficult to navigate. We've created this glossary because these common insurance terms should be easy to understand.



A BOP or a business owner's policy, is the single most important coverage for a small business. A law firm is no different. After your malpractice insurance, which is your most important coverage, the next thing to consider is a BOP. Like a commercial general liability policy, a BOP provides those important coverages usually required by an additional insured. But it also adds property coverage - your business personal property, and if you own your building then the building as well. The third coverage that’s found on a BOP is business interruption coverage.