Business Owners Policy (BOP)

Introducing our new Business Owners Policy: BOPprime
Millers Mutual gives you even more focus, flexibility, attentiveness & value. Our approach is to work with you to find a creative underwriting solution to be able to tell your customer yes. Here are some of our BOPprime highlights.

ISO Version Upgrade
We are moving from ISO 2002 version to ISO 2013 version of the BOP policy – the look and feel for the agent user will be essentially the same. In Virginia we adopted ISO 2006.

Tiered Rating & Pricing
Millers Standard, plus three enhancement tiers – Millers Value, Millers Value Plus, Millers Prime. Click here to download a PDF.

Building Ordinance and Law
Both demolition costs and increased cost of construction – up to $300,000 per building and $600,000 on a blanket basis – are included in the Millers Prime enhancement tier.

Pollutant Cleanup
Coverage of up to $25,000 included in the Millers Prime enhancement tier.

Water Backup and Sump Overflow
Coverage of up to $25,000 available on both the Millers Value Plus and Millers Prime enhancement tiers.

Class Factors
For specific classes, we will adjust the premium based on Millers Mutual results … not industry results.

Year-Built Factor
Newer buildings – using newer materials and building standards – will have lower premiums.

Superior Construction Factor
Millers Mutual may alter premiums based on superior construction methods and/or upkeep.

Building Heights
We prefer to write building heights of 4 stories or under.

Location Limits
We prefer to write limits of $10 million or less, unless adequate separation of risk.

Revised Dwelling Eligibility
The industry standard lowest limit is 3 units in a dwelling building, whereas Millers Mutual will go down to 1 unit.

Vacant Land, Parking Garage & Parking Lot Coverage
Standard BOPs don’t include this. Millers Mutual will offer it with an adjusted premium.

Inland Marine
We will offer it with an adjusted premium.

Incidental Restaurants Coverage
According to the industry, if even a small percentage of a habitational building’s total square footage includes a restaurant, the entire building must be classified as a restaurant (a much higher premium). Millers Mutual is doing a hybrid classification to keep premiums lower.

Property Managers as Primary
We now have the ability to include Real Estate or Property Mangers on a primary basis as long as the property manager is performing duties on behalf of the named insured. Millers Mutual will not seek any contribution from them or any other insurance they may have available.

There are additional coverage upgrades such as higher Lock Replacement and Fine Arts amounts in our Millers Prime enhancement tier.

Available for underwriting in DE, DC, PA, OH & MD now. Available July 1, 2017 in VA.
Have a Question?
Complete and submit the form below, or call one of our Underwriting Leaders: Jonah Mull (717-237-7273) or Scott Billett (717-237-7202).

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