What it does
BP 04 15 extends Section I – Property to "perishable stock" described in its Schedule. For that stock it replaces Covered Property and Covered Causes of Loss: the insured selects, by premises and building, either Breakdown or Contamination (temperature or humidity change from mechanical breakdown or failure of refrigerating, cooling or humidity control equipment at the premises, or contamination by refrigerant) or Power Outage. Each scheduled item carries its own limit and deductible and a yes/no for a refrigeration maintenance agreement.
Who needs it
Any BOP insured whose inventory spoils when coolers fail: restaurants, grocery and convenience stores, bakeries, florists, pharmacies holding refrigerated drugs, caterers.
Key provisions
- Covers perishable stock owned by the insured or in its care, custody or control; stock on buildings, in the open or in vehicles is not covered.
- Mechanical breakdown does not include power interruption; outage exposure needs the Power Outage selection.
- The 02 21 edition is current in forms lists; the 01 06 edition is the older form.
Quoting and selling notes
- Ask what is stored, typical peak values, whether there is a maintenance contract on refrigeration equipment and whether the account wants breakdown, power outage or both.
- Off-premises utility failure is a separate question: Utility Services endorsements BP 04 56 and BP 04 57 address it.
- Restaurants often need food contamination (BP 04 31) as well.
Related forms
BP 04 31 Food Contamination; BP 07 78 Restaurants; BP 04 56 / BP 04 57 Utility Services.
