What are the conditions my motel, self-storage, or convenience store/gas station must have to be eligible for a Business Owner’s Policy in Oregon?
Motels in Oregon:
Structurally, the motel must be three stories or less. The motel cannot include a bar or a lounge, however, limited fast food restaurants or limited cooking restaurants are acceptable as long as they are not seasonal in operation (must be opened year-round). Floor area space is not limited.
Self-Storage Facilities in Oregon:
Self-Storage facilities must have two stories or less to be eligible for a Business Owner’s Policy (BOP), however, floor area space has no limitations on the size. Excluded, or not allowed are cold storage, or storage of the following: chemicals, pollutants, waste, and industrial materials.
Certain Convenience Stores/Gas Stations in Oregon:
Gasoline sales cannot exceed 75% of the annual gross sales or the business is ineligible. Also, the business cannot include an auto-service repair, on-premise restaurant, car wash, or kerosene/propane filling stations.
Businesses that are ineligible for a Business Owner’s Policy in Oregon:
- Auto Repair or service stations
- Motor home, automobile, motorcycle, and mobile home dealers
- Bars, grills, and most restaurants
- Building that’s occupied as whole or partially by ineligible wholesale or processing risks
- One or two family dwellings that are used for residential occupancy
- Household personal property
- Parking lots or garages
- Amusement facilities such as theaters or arcades