<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/Rq6neiK9deZLSfSa41jylg">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/R9uTFHGFCMBjtYw5MOmpotJ"/>
  <rdfs:label>Business Insurance Policy</rdfs:label>
  <skos:definition>A business insurance policy is a contract between a business entity and an insurance provider designed to protect the business from various risks like property damage, liability, and business interruption. The terms of the policy will outline the scope of coverage, limitations, and conditions under which claims can be made, in exchange for payment of premiums.</skos:definition>
</owl:Class>