BOP vs. Commercial Package Policy

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Miguelito
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Joined: Mon Mar 30, 2009 11:03 am

BOP vs. Commercial Package Policy

Post by Miguelito »

Wholesale underwriting suggests to place an artisan plumber that works on medical facilities with BOP coverage.

Trying to determine if the CPP Products and Completed Ops is superior........and also comes with twice the premium.

Thoughts?

MBRCatz
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Re: BOP vs. Commercial Package Policy

Post by MBRCatz »

There's no shortcut. Since BOP policy forms can be all over the place, you're going to have to read the specific form and compare coverages - and exclusions.

The other thing to consider is what extra endorsements might be required contractually. You'll have more flexibility from a commercial package policy in adding required endorsements, than you will from a BOP. You might want to ask them for a sample contract or three, to see what is typically being required.

Miguelito
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Re: BOP vs. Commercial Package Policy

Post by Miguelito »

Much appreciated........

Lady Broker1
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Re: BOP vs. Commercial Package Policy

Post by Lady Broker1 »

Who is suggesting you do this on a BOP? That’s crazy.

Miguelito
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Re: BOP vs. Commercial Package Policy

Post by Miguelito »

Met Life (Metropolitan Direct Property and Casualty Program)

Miguelito
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Re: BOP vs. Commercial Package Policy

Post by Miguelito »

"Crazy" perhaps........but specifically....why?

wariline
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Re: BOP vs. Commercial Package Policy

Post by wariline »

There are quite a few standard carriers writing artisan contractor on BOP now. Some may have limited property coverage that cannot be increased, but GL side is pretty standard ISO forms. But I'm surprised MetLife would write someone works on Medical facilities.

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