Latest Business Owner Policy Headlines

All the headlines from our Business Owner Policy Topic Page, ordered by recency.

Markets/Coverages: Coalition Exec Risk Insurance Now on Surplus Paper; ISO Adds 160 New BOP Classifications; MGU Verita Launches

Oct 5 2023 // Coalition’s Executive Risks Insurance Now Available On Surplus Lines Paper Coalition announced its executive risks insurance products are now available on surplus lines paper, making comprehensive management...

Liberty Mutual to Stop Offering Business Owner’s Policy In California As Costs Bite

Jul 27 2023 // Property and casualty insurer Liberty Mutual will stop offering its business owner’s policy (BOP) product in wildfire-prone state California from Oct. 1, in a sign that cost inflation and higher catastrophe losses...

NJM Insurance Adds BOP, Commercial Excess, Umbrella Coverage in New Jersey

May 13 2021 // NJM Insurance Group is now writing businessowners policies and corresponding excess and umbrella policies in New Jersey. The ProEdge Businessowners Policy provides protection for property and liability risks associated...

SageSure Expands with Product for Coastal Businesses in South Carolina, Florida

Oct 19 2020 // SageSure, a homeowners insurtech, has launched a new line of commercial insurance products in traditionally underserved coastal markets. Launching in South Carolina followed by Florida, SageSure’s commercial product...

InsuraGuest to Offer Crum & Forster BOP Coverage to 130+ Classes Via Web Portal

Oct 13 2020 // InsuraGuest Technologies, through its wholly owned U.S. subsidiary Insure The People, has launched a new business owner policy (BOP) insurtech portal, www.InsureThePeople.com that is available to more than 130 class...

Bold Penguin Partners with Ohio’s State Auto on Commercial Insurance

Jun 19 2020 // Bold Penguin, a commercial insurance technology provider, has added Columbus, Ohio-based State Automobile Mutual Insurance Co. (State Auto) to its platform, expanding its commercial auto insurance offering launched in...

Insurer Counters Income Loss Claims by Arguing Restaurants Operated Takeout Service

Jun 18 2020 // An insurer fighting business income claims from restaurants is arguing in part that there is no coverage because businesses were allowed to provide takeout and delivery service during lockdowns. Society Insurance, based in...

Here’s What Happened to Commercial Insurance Renewal Premiums in April

May 14 2020 // Year over year, all lines of property/casualty insurance business experienced an increase in average premium renewal rate, except workers’ compensation, which saw a premium decrease, according to the April results of...

Midwest Insurers AmeriTrust, Grange Unveil COVID-19 Relief for Businesses

May 4 2020 // Grange Insurance Co., based in Columbus, Ohio, and AmeriTrust Group Inc. in Southfield, Michigan, are offering relief plans to business insurance customers in response to the COVID-19 pandemic. Grange Insurance has...

Updated: Insurance Premium Discounts, Other Relief Offered During Coronavirus Crisis

May 1 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most...

As Cyber Risks Grow, So Does the Need for Small Business Coverage

Apr 20 2020 // With cyberattacks on the rise and many small businesses unaware of the dangers, independent insurance agents are in a good position to educate clients about their risks, recommend preventative measures, and provide...

GEICO, Farmers, Liberty Mutual Join Insurers Giving Breaks to Drivers, Businesses

Apr 7 2020 // More auto insureds and small businesses are getting a break on their insurance premiums to help them through the coronavirus crisis. Auto insurer GEICO said it will give back approximately $2.5 billion in the form of a 15...

New Embroker Business Owners Policy (BOP) Targets SMEs

Mar 11 2020 // Embroker, Inc., a digital insurance broker, has partnered with CNA to provide a customized business owners policy (BOP) coverage to its business clients. Embroker is a technology platform that digitizes all aspects of the...

AAIS Expands Cannabis Businessowners Policy into Nevada

Jan 8 2020 // The American Association of Insurance Services has expanded its admitted Cannabis Businessowners Policy program in Nevada. The Nevada Division of Insurance approved AAIS’s CannaBOP on Dec. 24, 2019. The cannabis...

Covering Cannabis Risks on a BOP

Oct 31 2019 // Back in June 2018, AAIS filed its first CannaBOP policy to provide admitted markets a BOP that would cover the unique risks associated with cannabis businesses. While the admitted market has yet to fully embrace the...

Progressive Rolls Out Small Business Insurance Comparison Quoting Platform

May 8 2019 // Ohio-based national insurer Progressive has joined the ranks of carriers offering small businesses a platform to buy insurance quickly and simply. The insurer’s new online BusinessQuote Explorer (BQX) delivers...

Analysis: Warren Buffett Champions an Inferior Product in THREE Policy

Mar 25 2019 // Warren Buffett, often ahead of the curve, sounded like a disrupter in a 2004 shareholder letter. Fifteen years ago, Buffett wrote, “Insurers have generally earned poor returns for a single reason: They sell a...

Zurich Insurance Reports 24% Jump in 2018 Net Income Driven by Life, P/C Units

Feb 8 2019 // Zurich Insurance’s reported 2018 net income after tax of $3.72 billion, a 24 percent jump from $3.0 billion it reported in 2017 – primarily driven by growth in its life business and improved underwriting in its...

How Commercial Insurance Rates Changed in Q4 and 2018: IVANS

Jan 21 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...

How Commercial Insurance Rates Changed in Q4 and 2018: IVANS

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...