Which type of property would typically be eligible under a Businessowners Policy (BOP)?

A Businessowners Policy (BOP) is designed specifically for small to medium-sized businesses to provide a comprehensive package of insurance coverage, which typically includes property insurance and liability coverage in one policy. The correct answer pertains to a six-story apartment building, which can be classified as commercial real estate, making it eligible for a BOP.

This is relevant because BOPs cover properties that are primarily used for business purposes, and a six-story apartment building meets this criterion by providing rental spaces to tenants and functioning as a business entity. The insurance is tailored to address risks associated with operating such properties, which could include coverage for the building itself, loss of income, and liability claims.

In contrast, other options such as a one-story residential building, single-family home, and open land do not typically qualify, as they either serve private residential purposes rather than businesses or lack the commercial aspect necessary for BOP eligibility. Residential properties are usually covered under homeowners insurance policies, which have different coverage terms and conditions compared to BOPs, while open land does not generate income in the same way a rental property would, thus missing the key business element.