BOP News

ACE Takes 24% Stake in CoverHound’s Online Commercial Insurance Plans

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 be available next year. San Francisco, …

AAIS Says Updated Small Businessowner Program Approved in 26 States

The American Association of Insurance Services (AAIS) recently filed updated eligibility criteria, endorsements, loss costs, and rating procedures for its Businessowners Program (BOP). To date, the filing has been submitted in 46 states and approved in 26, with more approvals …

NGM Insurance Introduces Expanded Workers’ Comp Program in Virginia

The Main Street America Group’s NGM Insurance Co. has introduced an expanded workers’ compensation program in Virginia via its network of independent insurance agents throughout the commonwealth. “The expanded pricing levels in Virginia, available through our additional writing companies, enables …

Dovetail Insurance Expands MetLife BOP Product to Five More States

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 launched in Colorado, Nebraska and New Mexico, and …

BOPs Are Like Hospital Gowns – They Don’t Cover You Fully

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 and business sizes (sales and square footage) not contemplated in the …

BTIS Announces Small Business Unit

Rocklin, CA, June 2, 2015 – Builders & Tradesmen’s Insurance Services, Inc. (BTIS) is pleased to announce the formation of their Small Business Unit, offering BOP, Excess and Commercial Package products, available in 48 states. These programs provide quotes on …

Dovetail Insurance Expands MetLife BOP Product to 7 Additional States

Dovetail Insurance, a supplier of cloud-based insurance, is teaming up with MetLife Auto and Home to expand distribution of its MetLife Business Owners Policy (BOP) offering to seven additional states through its NetBOP Insurance Portal. Initially released in five states …

Acadia Insurance Launches Small Business Product in Maine, New Hampshire

Acadia Insurance, a W. R. Berkley Co., has launched a new insurance policy for small businesses in Maine and New Hampshire called AcadiaAdvantage. The product is expected to be available in additional states this fall. AcadiaAdvantage combines features of a …

Berkshire Hathaway GUARD Adds BOP Product in Illinois

Berkshire Hathaway GUARD Insurance Companies (formerly known as GUARD Insurance Group) has begun offering businessowner’s policy (BOP) and umbrella coverage in Illinois. The company already has an established presence in the state with workers’ compensation premium totaling about $10.5 million …

FirstComp Launches Small Business BOP Product in Hawaii

FirstComp, a division of Markel Service, Inc., has launched a new small business owner policy, FirstComp EssentialBOP, for FirstComp-appointed independent agents writing business in Hawaii. The BOP product is also available in Arkansas, California, Michigan, Nebraska, North Carolina, Pennsylvania, Tennessee, …