Peerless Insurance, a Liberty Mutual Agency Corp. regional company, has expanded its small commercial appetite with the addition of more than 40 business classes to its Commercial Protector BOP product.
The majority of the additional classes are in wholesale/retail, office, and medical office, but Peerless Insurance is also introducing six new internet classes to accommodate retailers with on-premises inventories. A limited cyber liability endorsement has also been added at no additional charge for all qualified commercial protector and custom protector business classes. Lower limits for employment related practices coverage are also available for both products.
The Commercial Protector is a package product that provides property and liability coverage in a single policy for small business accounts with receipts up to $8.5 million per location. Popular endorsements include property extension, liability extension, and employment practices liability.
The Commercial Protector Series is Peerless Insurance’s portfolio of commercial lines products for small to mid-sized businesses, providing coverage for more than 1,100 classes.
Custom Protector is available to small to mid-sized businesses with receipts up to $15 million per location. It offers more built-in coverages and expanded eligibility with optional market segment endorsements for the following twelve industries: condominiums; contractors; food processors; garages; hotels/motels; manufacturers; office/lessors; religious organizations; restaurants; retailers; service providers; and wholesalers. Split-rated property and liability coverages allow for price adjustments to match a customer’s specific exposure.
Peerless Insurance also offers the Comprehensive Business Policy, a package policy designed for more complex middle-market accounts. Core coverages include commercial general liability extension and a property extension endorsement, with optional coverages for equipment breakdown, employment practices liability, business income on an actual loss sustained, property extension plus endorsement, as well as a complete portfolio of ISO coverage endorsements.
Was this article valuable?
Here are more articles you may enjoy.