Which of the following businesses would typically be covered under a Business Owners Policy?

A small residential condominium association is typically covered under a Business Owners Policy (BOP) because BOPs are designed to provide coverage for small to medium-sized businesses with relatively low risk and specific insurance needs. These policies offer a combination of property insurance, liability insurance, and other essential coverages tailored to businesses that are not considered high risk.

In the case of a small residential condominium association, the BOP can cover the property, including the common areas of the condominium, as well as liability protection against claims arising from accidents or injuries occurring on the premises. This type of coverage is particularly suitable for smaller organizations, where the financial requirements for individual policies may be more challenging to manage.

The other options listed—such as a large shopping center, an apartment complex with fewer than four units, and a multinational corporation—generally face higher risks, require more specialized coverage options, or operate on a scale that exceeds the BOP's intended use. These entities would often seek more comprehensive or tailored insurance solutions to address their specific needs adequately.