Business Owners can get an answer to all their most frequently asked Property Casualty insurance questions here. Sometimes referred to as a Business Owner?s Policy (BOP), commercial property & casualty insurance is a general term for several different policies designed to protect a business from financial loss and liability. Each property & casualty policy is specifically tailored to the specific business that it covers. Every industry and every market has specific risks and liabilities. In addition, the size of the business, number of employees, number of states it operates in, as well as location (if the business is located in an area with a high risk of flooding or other natural disasters, for example), all play a role in determining the type of coverage that is needed.