Which of the following statements about BOP liability limits is false?

The statement asserting that the Products-Completed Operations Aggregate limit is typically set at $2 million is misleading and can be considered false because the specific limit can vary significantly based on the insurer's guidelines and the specific policy terms. While it's common for some Business Owners Policies (BOP) to have a $2 million aggregate limit, this is not universally true and can differ based on the underwriting criteria, the business risk, and the industry in which the business operates.

In addition to this, the other statements reflect accurate characteristics of BOP liability limits. The General Aggregate limit, often mentioned as being set at twice the per-occurrence limit, aligns with standard underwriting practices in many business policies, facilitating a clear understanding of coverage limits. The existence of separate limits for Medical Payments and Damage to Premises Rented by You is also a typical feature of BOPs, providing businesses with comprehensive coverage options. Additionally, acknowledging that BOPs include both per-occurrence limits and aggregate limits is essential, as it defines the scope of coverage in terms of how much a policy will pay per incident versus in total for a policy period. This foundational understanding of BOP liability coverage is vital for assessors and professionals in the insurance field.