Businessowners Policy (BOP)

Businessowners Policy (BOP)

For carriers looking for a sleek package solution for small to medium size business with coverage options tailored for a wide variety of needs, AAIS delivers current industry-standard coverages and rating. Coverages include property, liability, business income, and crime in a streamlined package policy form format.

The AAIS BOP program 

  • More than 100 optional endorsements that address a variety of property and liability coverage needs, including:

    • a suite of professional liability endorsements

    • employment practices coverage

    • data breach liability

    • equipment breakdown

    • liquor liability (coming soon)

  • Easy to read forms with language consistent across AAIS programs

  • Innovative mechanisms for rating off-premises liability exposure

  • Over 200 detailed classifications including:

    • Habitational

    • Office

    • Restaurants

    • Service

    • Retail

    • wholesale operations

  • Streamlined property and liability split rating approach facilitates getting the right rate for risk and ultimately improved profitability.

Hi-tech Delivery

  • Online delivery of policy forms and manuals

  • Policy administration system providers, such as BriteCore, who provide AAIS content in a digestible fashion.

  • Product implementation technical assets

  • Unique service partner relationships, including:

    • CoreLogic which provides property records, tax assessments, property characteristics, and parcel maps from tax assessors and county recorders offices across the nation. This information is combined with flood, demographics, crime, site inspection, neighborhood, document images and other information from proprietary sources to further enrich our databases

    • DroneBase conducts drones services for roof inspections at scale nationwide. Lower your operating costs and send pilots out to get the aerial imagery you need to process a claim or underwriting inspection. DroneBase insurance packages are safe, affordable, available nationwide, and FAA compliant.

    • e2Value® offers an easy-to-use estimator that can accurately calculate replacement costs and actual cash value for virtually any commercial structure, from smaller retail shops to larger, more complex facilities such as hospitals, warehouses, schools and manufacturing centers.

Superior Service

  • Commercial lines experts with insurance carrier experience and CPCU designations to respond to your inquiries and support your success.

  • Dedicated compliance team which tracks state-level jurisdictional activities from start to law, with speedy product updates and filings to help carriers stay compliant.

  • Product preview, side-by-side’s, and other onboarding services for carriers’ smooth program implementation

  • Tailored solutions for custom product development

  • Initial filing adoption of standard AAIS products in all states the carrier where the carrier will write business.

  • Statistical reporting to relieve carriers from the burden so they focus on their core business operations.

For more information…

For more on how to leverage these and other AAIS Commercial Lines Solutions, including artisans program for small contractors, commercial umbrella, numerous inland marine product, and personal lines homeowners, condo, tenant and auto to cross-sell the business owner, contact an AAIS Commercial Lines advisor.