Latest Business Owner Policy Headlines
All the headlines from our Business Owner Policy Topic Page, ordered by recency.
Cannabis: Striking a Balance Between Federal and State Laws
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...
Commercial Lines Rates Hardened in Q2: IVANS Index
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...
California’s First Cannabis Business Owners Policy Approved
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...
California’s First Cannabis Business Owners Policy Approved
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...
The New Small Commercial: Why Carriers Need to Better Serve ‘Small Specialty’
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...
Why Restaurants Are Underinsured
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...
How Digital Distribution Tools from IVANS Marry Agents, Carriers and Appetites
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...
Chubb Expands BOP Coverage to Small Technology Firms
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...
The Hanover Expands BOP for Small Businesses, Increases Coverage Limits
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...
Chubb Rolls Out New Business Owner’s Policy for Small Business
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...
Security Vendors, Partnerships Offer Key to Simplifying, Selling Cyber Insurance Online: CoverHound CEO
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...
Main Street America Launches Commercial Lines Cyber Risk Coverage
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...
ACE Takes 24% Stake in CoverHound’s Online Commercial Insurance Plans
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...
ACE Takes 24% Stake in CoverHound’s Online Commercial Insurance Plans
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...
Millers Mutual Launches New BOP Program
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...
ACE Commercial Expands Small Business Specialty Offerings Online
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...
Simple Solutions
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...
Dovetail Insurance Expands MetLife BOP Product to Five More States
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...
BOPs Are Like Hospital Gowns – They Don’t Cover You Fully
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...
ACE Expands Specialty Insurance Offerings for Small Businesses
May 29 2015 // ACE Commercial Risk Services, the small commercial specialty lines business of ACE Group, has expanded its specialty commercial products for small businesses, available on a business owners policy (BOP). This new product...
