Business Owners Policies
(BOP) were up from flat to plus 1% in May as compared to April 2015.
But future buyers are going to force carriers to rethink the way they distribute a policy, small business owners policies
(BOP) included, according to insurance IT experts.
The initial rollout was for retail business owners policies
, to be followed by contractors and garage BOP.
Plus Business Owners Policies
(BOP) can be customized to meet specific coverage needs.
Not only are bindable quotes delivered almost immediately, they include total account solutions including Business Owners Policies
, Package, Auto, Work Comp and Professional Lines such as E&O, D&O and EPL.
By coverage class, commercial property placements were up to plus 3% from plus 2% the prior month, and business owners policies
(BOP) were up to plus 4% from plus 3% in January.
When Safeco wanted to add machinery-breakdown coverage to its standard business owners policies
last year, it didn't buy the leader in the field--Hartford Steam Boiler.
AIG Direct, eWausau and AtYour all offer the consumer the ability to get quotes or rate indications or submit an application electronically for certain small-business coverages, such as workers' compensation and business owners policies
In addition to its personal automobile product offering, Safety provides commercial automobile, homeowners, dwelling fire, umbrella and business owners policies
Dallas-based MarketScout says that directors and officers, general liability and EPLI policies were more expensive compared to April, while business owners policies
, crime and fiduciary were less expensive.
That standard deals with homeowners, commercial auto, business owners policies
and workers' comp.
It will be followed by commercial property loss costs next fall, commercial auto in the first quarter of 2002 and business owners policies
in the second quarter of 2002.