Eligible Classes
Retail:Hardware Stores, Gift & Souvenir Shops, Grocery Stores, Furniture Stores, Misc. Apparel & Accessories Store, Convenience Stores
Real Estate: Strip Malls, Property Management Companies, Commercial Buildings (with office, retail, industrial, and warehouse tenants), Condo Associations, Lessors Risk, Office Building
Contractors/Construction: Plumbing/HVAC, Concrete, Excavation, Carpentry, Drywall & Insulation Contractors, Lawn & Garden Services
Fabricare: Dry Cleaners, Textile & Linen Suppliers, Commercial Launderers, Coin-Operated/Self-Service Laundromats, Restoration Operations, Uniform Rental Suppliers
Medical & Dental Offices: Physicians’ Offices, Medical Diagnostic Laboratories, Dental Offices & Laboratories, Chiropractors Offices, Optometrists
Professional & Financial Services: Accounting/Auditing/Bookkeeping, Computer Related Services, Insurance Agents/Brokers and Services, Legal Services, Business Consulting Services, Engineering Services
Restaurant: Family Style, Fast Food, Fine Dining (up to 50% alcohol sales), Coffee Shops, Delicatessen, Franchises
Manufacturing: Wiring Goods, Architectural Metalwork, Plastic Products, Confectionery Products, Machine Tool, Beer/Ale/Malt Beverages
Overall, this market has over 300 eligible classes for BOPs.
Products Available
- Commercial Package
- Commercial Auto
- Commercial Umbrella/Excess
- Workers Compensation
- Cyber Liability
- EPLI
Guidelines
- Eligible risks can have up to 20 locations.
- Building and Business Personal Property Limit goes up to $10 million per location
- Up to $10 million in sales per location
- Maximum Height Limit of 6 Stories
- Occupied square footage up to 100,000
- Contractors:
- Payroll up to $750,000/Annual receipts up to $2 million
- Subcontracting work up to 10% of the insured’s revenues/receipts
- Available in all 50 states
- Admitted, A-Rated Carrier
Submission Requirements
- Minimum two years in business under current ownership
- Latest Acord and supplemental applications
- Loss history
Do you have any risks on your desk that would be a good fit for this new market? If so, please send in your submissions to your assigned underwriter today! If you do not have an assigned underwriter, you may contact our Marketing department at [email protected] or chat with our marketing team online now.
This content is strictly informational and should not be used as specific advice on insurance products, legal, accounting, and/or tax related matters. Insureds should always contact the appropriate licensed professional for their insurance, legal, accounting, or tax needs.
