Which of the following is NOT one of the Coverage Extensions provided with a Business Personal Property (BPP) policy?

The correct choice highlights that Personal Liability Coverage is not included as a Coverage Extension in a Business Personal Property (BPP) policy. The BPP policy primarily focuses on insuring physical assets owned by a business, such as furniture, equipment, and inventory, rather than providing liability coverage.

The Coverage Extensions that are usually part of a BPP policy include provisions for Newly Acquired or Constructed Property, which offers protection for assets that the insured has recently acquired or built and have not yet been reported to the insurer. Valuable Papers and Records coverage is meant to reimburse the insured for the costs associated with restoring or replacing important documents that are lost or damaged. Additionally, Outdoor Property coverage provides limited protection for property outside the building, such as fences, signs, and other significant items.

Personal Liability Coverage is a distinct type of insurance that guards against claims made by third parties for bodily injury or property damage caused by the insured’s business operations. Therefore, it falls outside the scope of what the BPP policy covers, confirming that it is indeed the correct answer.