It is designed for privately-held companies with 100 to 1,000 employees. Directors and officers entity coverage may be purchased separately. To support the policy Chubb has developed a sales training program for agents which helps them work with the customer to identify exposures and potentially hazardous gaps in coverage, as opposed to selling policy features. The company has filings on Forefront by Chubb pending nationwide. The policy also will offer higher limits.
Higher limits are available for both.
Kemper's new BOP includes coverage automatically on several key items, such as accounts receivable, valuable papers and business personal property off-premises, with the option of buying higher limits. The policy is available in more than 30 states, and will be available countrywide later this year. It is written by Kemper Select Accounts. HomeWork provides property and liability coverage both on and off premises. For business equipment, insureds can match their on-premises business property to their amount of homeowners insurance.