MSC expands EssentialBOP into three new states

Markel Specialty Commercial is excited to announce additional expansion of businessowners policy (EssentialBOP) product into another three new states; Maryland, Virginia and Washington. The expansion brings the total number of states where EssentialBOP is sold from 44 to 47.  The launch into the new states is effective immediately, with key enhancements including:

  • Customizable insurance solutions depending on risk
  • Expanded appetite for more contractor classes
  • Pricing flexibility and payment options (Installment fees apply and vary by state and product)
  • 10% multi-policy discount; applied to the EssentialBOP policy when workers compensation policy is bound (Policies must have a common FEIN and discount not applicable to equipment breakdown protection coverage.)
  • Single-billing for EssentialBOP and workers compensation

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The information provided in this article is intended for general informational purposes only and should not be considered as all encompassing, or suitable for all situations, conditions, and environments. Please contact us or your attorney if you have any questions.