The new surplus lines offering aims to enhance coverage options for businesses across various industries.
The introduction of this BOP solution comes at a crucial time as California faces a shortage of insurance options amid increasing wildfire risks. This year alone, 6,078 wildfires have scorched a cumulative 977,923 acres in the state, exceeding the five-year average.
“By introducing the new BOP product, SURE is demonstrating its commitment to the California market,” said Ed Konar, President of SURE. “After successfully launching dwelling fire and surplus lines homeowners coverage earlier this year, this BOP program marks SURE’s third initiative aimed at meeting the demand for reliable coverage in the state.”
The new BOP program accommodates over 400 business classes across eight industries, including restaurants, offices, wholesale, habitational, lessor risks, retail, service, and artisan contractors.
“SageSure is proud to partner with SURE to develop this latest BOP program and deliver the solutions producers want to sell,” stated Victor dos Santos, President of Commercial Insurance at SageSure.
He added “With a market-leading buying experience and a broad appetite for risk, the program will empower producers to grow their book of business while offering more options to their clients.”
