Central Insurance Blog

Agent and policyholder feedback drives innovation at Central. Inspired by a clear desire for expanded small business solutions, we’ve built a Business Owner’s Policy (BOP) that packages small business property and liability coverages and streamlines the quoting process. 

Here, we dive into what the BOP is and how it can positively impact our agency partners and policyholders alike.

What is Central’s Business Owner’s Policy (BOP)?

Now available in 22 states, Central’s new Business Owner’s Policy (BOP) packages a broad range of property and liability protection with small business owners’ needs in mind. The BOP offers over 70 coverages, including Contractor’s Installation, Contractor’s Tools and Equipment, Cyber Suite, Equipment Breakdown, Employee Practices Liability, and more. 

What are the Benefits of the BOP?

Business owners have constant demands vying for their time and attention. Insurance doesn’t have to be one of them. 

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“Small businesses don’t have departments to handle things like insurance,” says Anne Russo, Director of Small Business Underwriting at Central. “During the day, business owners need to focus on fulfilling their orders and serving their clients, so we’ve created an insurance product for them that is easy to understand, purchase, and maintain.”

With fewer complexities than a commercial lines package, the Business Owner’s Policy streamlines the quoting process and simplifies finding the right coverage for your small business. Increasing efficiency means our policyholders can stay focused on what matters most—the success of their business. 

Diving Deeper: What Type of Commercial Insurance Does My Business Need?

Who is Eligible for the BOP?

The Business Owner’s Policy is available in 22 states and will soon expand to 24. Eligible classes include commercial condo unit owners, contractors, office, lessor’s risk only, retail, service, and wholesale. 

What’s more, to be eligible for Central’s Business Owner’s Policy, a business must meet specific criteria. Their property must not exceed 35,000 square feet, they must make less than $6 million in sales annually, and they can’t exceed $1 million in contractor payroll. 

The BOP is currently available in Arizona, Colorado, Connecticut, Georgia, Idaho, Illinois, Indiana, Massachusetts, Maryland, Michigan, North Carolina, Nevada, New Hampshire, New Mexico, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, Virginia, and Wisconsin with plans to expand coverage to Kentucky and New York soon. 

Central’s BOP covers a wide range of small businesses and industries. The list below provides an overview of businesses currently eligible for BOP coverage. Those not included in this list likely would still be covered under a general Commercial Lines Policy instead of the BOP.

Business Types Currently Eligible For BOP

• Commercial Condo Unit Owners
• Artistan Contractors
• LRO (for eligible occupancy classes only)
• Offices
• Retail
• Service

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What if my Small Business Isn’t Eligible? 

We plan to expand our appetite in the months ahead. In the meantime, non-eligible small businesses can still be written as a commercial lines policy. If a Business Owner’s Policy submission is deemed ineligible, Central’s system will quotes for alternative options. 

As a small business owner, your time is valuable. By providing simplified, comprehensive protection tailored to your specific needs, Central ensures you’re safeguarded against unexpected risks, so you can focus on what matters most—the growth and success of your business. 

Get Started: Every Business Needs Office Insurance: Here’s Why

Find Out if Central’s Business Owner’s Policy is Right For You

Click here to find an agent and learn more about how the BOP can benefit your small business.