What is equine insurance?

Equine insurance covers horses against death, theft, major medical expenses, and liability exposures.

How often should a business review its insurance coverage?

At minimum, every business should review its insurance program at each annual renewal. Any significant business change, such as new employees, new locations, new equipment, or a new service line, should also trigger an immediate mid-year review.

When does builders risk coverage end?

At the earlier of substantial completion, occupancy, or a fixed end date in the policy. After that, standard homeowners or commercial property must take over.

Who is responsible for builders risk: owner or contractor?

Depends on the contract. Most residential construction puts the owner in charge of builders risk (it's their building). Commercial projects often have the contractor carry it. Always written into the construction contract.

What's a bailee's customer policy?

Bailee's customer covers property owned by others while it is in the bailee's care, custody, or control. Critical for repair shops, dry cleaners, warehouses, and storage facilities.

Commercial FAQs

What is the difference between a business owners policy and a commercial package policy?

All FAQs

Quick answer: A BOP is a standardized bundle for eligible small businesses; a commercial package policy (CPP) lets a business combine more lines with no standardized eligibility cap.

A business owners policy (BOP) and a commercial package policy (CPP) both bundle multiple coverages into one policy, but they differ in eligibility and flexibility. A BOP is a standardized, pre-packaged bundle of property, general liability, and business interruption coverage, built for small to mid-size businesses that fit within set eligibility limits. A CPP lets a business combine a wider range of coverage lines - property, general liability, commercial auto, crime, inland marine, and others - with each line individually underwritten and rated, built for businesses whose size or operations fall outside what a standardized BOP form can accommodate.

Why can't every business get a BOP?

Carriers cap BOP eligibility on revenue, square footage, and the nature of the operation. A business that exceeds those caps, or that operates in a higher-hazard class a BOP form does not accept, does not qualify for BOP pricing at all - not because the coverage is unavailable, but because the standardized form was not built for that risk profile.

What does a CPP offer that a BOP does not?

A CPP is built line by line rather than pre-packaged, which means:

No standardized eligibility cap - a CPP can be structured for a business well above BOP revenue or square-footage limits.
More coverage lines under one policy - commercial auto, inland marine, crime, and other lines can be added to a CPP directly; a BOP requires those as entirely separate policies.
Individually rated coverage parts - each line inside a CPP is underwritten on its own terms, which allows higher limits or broader terms than a standardized BOP form permits.

For example, a Georgia manufacturing company with heavy equipment, a company vehicle fleet, and revenue well above typical BOP thresholds would not qualify for a standard BOP. A CPP lets that same business combine property, general liability, and commercial auto into one packaged policy, each line rated for its actual exposure, rather than forcing the business into several completely separate policies with different renewal dates.

Which structure costs less?

A BOP is generally the lower-cost option when a business qualifies for one, because the standardized form lets carriers price it more efficiently. A CPP typically costs more to underwrite individually, but for a business outside BOP eligibility, a CPP is often still less expensive and more coordinated than buying entirely separate standalone policies for each line.

A coverage review can confirm whether a specific business fits BOP eligibility or needs a CPP structure instead. Request a free coverage review to find out which structure fits your operation.