Small Business Package Policies/BOPs
Boston Insurance Brokerage, Inc., is pleased to announce the addition of these standard markets as a complement to our traditional Excess & Surplus lines focus:
Zurich Small Business
- Up to $15M total property value (Bldg & BPP), or sales/receipts per location
CNA - over 1000 classes eligible for Small Business Unit
• $9M total property (Bldg & BPP) value per location / $20M per policy
• Up to $20M sales/receipts total
The Hartford Small Business
• up to $15M in total sales & up to $15M total property values - applies for all locations (max $10M at any one loc)
• 15 or fewer employees
Small package policies are offered but mono-line GL or Property and some limited mono-line Workers Compensation are also available. Our standard carriers are targeting accounts such as retail stores, wholesalers/distributors, office risks, manufacturers (no high risk product or end use), and some artisan trade contractors; anything typical to an ISO BOP.
These carriers will not entertain risks that truly belong in the E&S markets, so please continue to send submissions to our E&S brokers as you have done in the past.
We underwrite, bind and issue everything on-line, so the turnaround time is excellent. It is important that the Acord apps are complete with as much info as possible and a thorough description of the insured's operations. This helps us and the carriers make quick decisions and also we are better positioned to negotiate credits if there is price competition.
Eligible Classes Include
Manufacturers, Restaurants, Retailers, Wholesalers/Distributors, Artisan Trade Contractors, as well as a wide array of Office Classes
Ineligible Classes Include
Trucking/Trash Haulers, Night clubs/Bars, Day Care/Schools, any high risk Products/Completed Operations Exposure
Submission Requirements
Completed Acord Applications, including detailed description of the insured's operations
Loss Runs or other applicable loss information
All eligible submissions will be quoted or responded to within 2 business days
Payment
All Policies are Direct Billed with no deposit premium required in most cases
Contact
Gordon Bewick, President
617-556-7027
Boston Insurance Brokerage is pleased to announce a new Property Program
- Wind and Hail only - stand alone or additional to property policy
- $10,00,000 in house on-line authority
- Various deductible options as low as 1/4 % / $1,000
- No Minimum Premium
- Available for risks in MA (including Barnstable County and Islands), CT, RI, DE, NY,MD.
- Admitted A+ XV Carrier (AA- S&P)
- Higher values up to $100,000,000 TIV (up to $15,000,000 per location, per occurrence).Higher limits may be available for multiple location accounts.
- Deductible Buy-Downs available on higher value limits.
- Submissions should include SOV (if multiple buildings) - no Blanket Limits.
Please contact our Property Division below for more information:
Chris Jones
617-556-7040
cjones@bostonbrokerage.com
Christine Reisinger
617-556-7039
creisinger@bostonbrokerage.com
Gordon Bewick
617-556-7027
gbewick@bostonbrokerage.com
Boston Insurance Brokerage, Inc. has recently established a new entity: Wholesale Personal Insurance Brokers (WPI Brokers LLC) as a resource and marketplace for all categories of homeowners and personal insurance.
Our first of many products and markets is the Prestige Home Insurance Product offered by Fireman's Fund. The program is directed towards high net worth individuals with several properties, including coastal exposures. They will also insure autos (including MA) and other assets in most states. Saying this; they will consider terms for individual property with values of $400,000+.
Fireman's Fund has successfully demonstrated their product is more competitive and broader than other markets, and has the best support to provide highest level of service.
You may visit the website www.wpibrokers.com for more information.
Please contact Sandy Anaya at 866-509-4776 with any inquiries. Or you may email her at sanaya@wpibrokers.com. We look forward to offering you a competitive proposal.
