Business owners policy
Property, liability, and business income in one contract - with three holes we will name before you sign.
Professional services are excluded
If you advise, design, specify, or consult, your general liability policy does not respond to a claim about that work. That is professional liability, and it is a separate purchase.
Cyber on a BOP is a token
A $25,000-$50,000 cyber endorsement will not fund a ransomware event or a multi-state notification obligation. We quote standalone cyber alongside it so you can see the difference in dollars.
Hired and non-owned auto
The moment an employee runs an errand in their own car, you have an auto exposure your BOP may not cover.
Compare business owners policy
The exclusions we read for in this line
| Exclusion | Severity | What it means |
|---|---|---|
| Assault and battery excluded | material | Common on hospitality and habitational E&S property/casualty. |
| Communicable disease excluded | informational | Near-universal post-2020. |
| Cyber excluded / de minimis sublimit | critical | A BOP cyber endorsement of $25k-$50k will not fund a real ransomware event or a notification obligation. |
| Employment practices liability excluded | material | Wrongful termination and harassment claims need EPLI. |
| Hired and non-owned auto not included | material | Employee errands in personal vehicles are uncovered on the business policy. |
| Professional services excluded from GL | critical | Advice, design, and specification exposure needs an E&O policy; the CGL will not respond. |
| Subcontracted work excluded | critical | Work performed by subs is outside the grant of coverage. |
| Non-admitted: no state guaranty fund | material | If the carrier becomes insolvent, the state guaranty association does not pay the claim. |
The market archetypes we shop in this line
IronKey does not publish carrier names it is not appointed with. These are the program archetypes the exchange shops. When an appointment is executed, the carrier's name and rating appear here.
| Program | Type | A.M. Best | Bind | Note |
|---|---|---|---|---|
| Standard Package Program A Businessowners - Broad |
admitted | A+ (Superior) | same day | |
| Digital Small-Commercial Program B Instant BOP |
digital mga | A (Excellent) | instant | Bind in one motion; no business income unless elected. IronKey elects it. |
| Specialty Package Program C (E&S) Monoline package / E&S |
non admitted | A- (Excellent) | refer | Wholesale path. Opened automatically when admitted markets decline. |
Insurance offered through licensed agents. IronKey Care is an independent insurance agency, not an insurer. Availability and eligibility vary by state.