All the headlines from our Business Owner Policy Topic Page, ordered by recency.
Jan 11 2019 // Renewal premium rates for nearly all major commercial insurance lines increased in the fourth quarter of last year with the exception of workers’ compensation where the average rate dropped and remained negative.The...
Sep 17 2018 // Currently, 30 states and the District of Columbia have legalized the use of cannabis in some form. Some states restrict use to medically necessary uses, while other states have legalized recreational use. Still other...
Jul 11 2018 // The second quarter showed a general uptick in premium renewal rate change across the commercial insurance lines of business compared to the first quarter 2018. The upward movement was seen in commercial auto, general...
Jun 18 2018 // California Insurance Commissioner Dave Jones has approved the first Cannabis Business Owners Policy in the State of California.The American Association of Insurance Services designed the new CannaBOP program for cannabis...
Jun 6 2018 // California Insurance Commissioner Dave Jones has approved the first Cannabis Business Owners Policy in the State of California.The American Association of Insurance Services designed the new CannaBOP program for cannabis...
Apr 16 2018 // The evolution of the small businesses is creating a service challenge for independent agents and an opportunity for carriers to provide efficient and effective solutions for their agent partners by expanding their service...
Oct 2 2017 // Restaurants are probably one of the most underinsured classes of business in the industry. Competition, inadequate pricing, and owners refusing to buy needed coverages are some of the reasons cited by specialty brokers in...
Feb 21 2017 // “Looking for a professional agent in the Chicago area who is in good financial shape, wants a long-term relationship, and is seriously into habitational risks. Must be Cubs fan.”Welcome to match.com for the...
Nov 3 2016 // Chubb has expanded its business owner’s policy, Chubb BOP, to the technology industry with specialized insurance features and benefits for risks faced by small businesses in the technology segment.Chubb BOP for the...
Oct 7 2016 // The Hanover Insurance Group demonstrates further commitment to supporting small businesses with significant enhancements to its business owner’s policy (BOP) base form and product offerings, adding coverages and...
Sep 21 2016 // Chubb is rolling out a new business owner’s policy, Chubb BOP. Crafted for small businesses, Chubb BOP incorporates protection for property and liability exposures, a supporting umbrella liability product, and the...
Jun 9 2016 // CoverHound CEO Keith Moore has a vision of simplifying cyber insurance sales that involves underwriting the security vendors used by insureds—a model that could ultimately allow small business customers to bind their...
Dec 4 2015 // The Main Street America Group has launched a cyber risk protection offering designed for “Main Street” businesses in 19 states across the country.The coverage, available through Main Street America’s Main...
Oct 5 2015 // CoverHound has raised $33.3 million in a financing round led by ACE Group, which the company plans to use to build an online commercial insurance platform starting with businessowners policy insurance offerings that could...
Sep 22 2015 // CoverHound has raised $33.3 million in a financing round led by ACE Group, which the company plans to use to build an online commercial insurance platform starting with businessowners policy insurance offerings that could...
Sep 14 2015 // Millers Mutual, a commercial property and casualty insurer serving Pennsylvania, D.C., Delaware, Maryland, Virginia and Ohio, launched a new business owners policy (BOP) – BOPprime. Millers Mutual BOPprime features four...
Aug 20 2015 // ACE Commercial Risk Services (ACE CRS) announced several new products that expand its suite of specialty commercial products for small businesses.The products are available through ACE Solutions Fast Track, an online small...
Aug 3 2015 // Once upon a time a doctor on Main Street USA made the same diagnosis and prescribed the same solution for every patient. This was a long time before WebMD or even Marcus Welby, MD. Patients had to weigh their two options...
Jun 30 2015 // Dovetail Insurance has expanded its MetLife Auto & Home Business Owners Policy (BOP) offering to five additional states through its NetBOP Insurance Portal. The MetLife Auto & Home BOP coverage was recently...
Jun 30 2015 // Businessowners Policies, traditionally referred to simply as “BOPs,” were introduced in 1976 and significantly revised in 1987. The BOP evolved gradually from the 1987 revisions to include risk classification...