AOP
Abbreviation with 2 meanings
| Stands for | All other perils |
|---|---|
| Meanings | 2 |
| Categories | Business & Finance |
AOP has two meanings. It stands for All other perils (insurance) or Annual operating plan (management & strategy).
Meanings of AOP at a glance
| # | AOP stands for | Context |
|---|---|---|
| 1 | All other perils | Business & Finance › Insurance |
| 2 | Annual operating plan | Business & Finance › Management & Strategy |
1. All other perils
Business & Finance · Insurance Abbreviations
Deductible that applies to most property claims, such as fire, theft or water damage, as distinct from separate, often larger deductibles for hurricanes, named storms, wind or earthquakes.
Example: Our AOP deductible is $1,000, but the hurricane deductible is 2% of the dwelling limit.
Coastal policies frequently state the hurricane deductible as a percentage, which can be far larger than the AOP amount. In management, AOP means annual operating plan.
2. Annual operating plan
Business & Finance · Management & Strategy Abbreviations
Detailed one-year plan that translates strategy into targets for revenue, expenses, headcount and capital spending, usually broken down by month and department. Once leadership or the board approves it, it becomes the baseline against which actual results are measured.
Example: Hiring for the second support team is in the AOP, but only from Q3.
Common in large US companies and multinationals; other organizations simply call it the annual plan or budget. The AOP process typically runs in the last quarter of the fiscal year. Variance to AOP is a standard line in monthly management reports.
Related abbreviations
More insurance abbreviations
- ACV – Actual cash value
- AD&D – Accidental death and dismemberment insurance
- AI – Additional insured
- ALE – Additional living expenses
- BI – Bodily injury liability
- BOP – Business owner's policy
- CAR – Contractors' all risks insurance
- CAT – Catastrophe
See all 86 insurance abbreviations →