Manufacturers Output Policies (MOP) or Commercial Output Policy (COP)

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Manufacturers Output Policies (MOP) or Commercial Output Policy (COP) Is a broad all risks policy that provides a combination of commercial property and commercial inland marine coverages manufacturers and many other businesses need. . Its purpose is to ensure that a company's product is insured both during production and when in transit. This policy provides broad form coverage of personal property of an insured manufacturer including raw material, goods in process, finished goods and goods shipped to customers. MOP/COP cover combines two or more coverages like commercial property and commercial general liability, business crime, equipment breakdown, inland marine, and commercial auto liability. They are flexible enough to cater to most company needs and are often priced using a deficiency point rating system. It is flexible enough to provide coverage to most large commercial operations. It also offers limits that are much higher than what is generally offered by other types of commercial property policies Commercial output policies (COP) are an updated version of manufacturer’s output policies (MOP), which first became available in the 1950s. It is also a good coverage choice for businesses with high, fluctuating levels of stock or merchandise. It should be noted that this policy is for more riskier businesses. While a business owner's policy (BOP) is designed for more smaller businesses with less risk. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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