What is a typical requirement for Company G to qualify for a Business Owners Policy?

A Business Owners Policy (BOP) is designed specifically for small to medium-sized businesses and includes several eligibility requirements. One typical requirement is that a significant portion of the business's floor space should not be open to public access. This reflects the BOP's focus on businesses that have lower risk profiles, as those where the public has limited access tend to present fewer liability and property risks.

Having 25% or less of its floor space open to the public helps to ensure that the business qualifies for a BOP because it indicates that the primary operations are conducted in a less risky environment. Businesses with higher public access typically face greater exposure to liability and loss, making them less suited for this type of insurance.

This requirement aligns with the goals of the insurance provider to mitigate potential risks associated with businesses that have higher interactions with the public. In contrast, the other options may not align with BOP qualifications in the same way; for example, revenue thresholds can vary, and a requirement that mandates a specific source of sales does not typically apply to all businesses seeking a BOP.