A processing and servicing company would qualify for a BOP only if they have less than what amount in annual revenues?

A processing and servicing company qualifies for a Businessowners Policy (BOP) based on specific eligibility criteria, one of which includes the limitation on annual revenues. In this context, the threshold for annual revenues is set at $5 million. This figure is significant because the BOP is designed to provide coverage for small to medium-sized businesses, which typically operate within this revenue limit. Companies exceeding this limit generally require more specialized commercial insurance policies due to the diverse and complex risks associated with higher revenue operations. Understanding these nuances is crucial for anyone looking to maximize the benefits of a BOP and ensure they meet the eligibility criteria for optimal coverage.