Bailey Special Risks, Inc. offers a versatile Business Owners Package designed to help independent agents and brokers place small to mid-sized commercial accounts across a range of industries. This program is tailored to meet the unique exposures of specific business classes and provides a streamlined approach to underwriting and quoting.
Overview of the Program From Bailey Special Risks
Our Business Owners Package (BOP) program is built to serve niche industries with tailored coverage solutions. By working with a leading carrier, United States Liability Insurance Group, we bring you a reliable non-admitted solution for your clients who may not meet standard market guidelines. Our expertise as a wholesale broker allows us to evaluate submissions quickly and provide responsive service when all required documentation is submitted.
Ideal Accounts and Appetite
This program is ideal for small business owners operating in the following sectors:
- Beauty Salons, Nail Salons, and Barber Shops
- Fast Food Restaurants
- Convenience and Grocery Stores
- Electronic & Video Stores
- Lessors Risk Only (LRO) properties
- General Businessowners
Whether you're placing a single-location nail salon or a multi-unit fast food franchise, this program is designed for agents looking to secure comprehensive coverage for clients with straightforward risk profiles.
Coverage Highlights and Advantages
Our Business Owners Package offers the core protections your commercial clients need, including property, liability, and business interruption coverages. Additional endorsements and limits may be available depending on the class of business and underwriting evaluation.
Key advantages include:
- Tailored coverage for specific business types
- Streamlined underwriting through Acord and supplemental applications
- Responsive turnaround times when submissions are complete
- Access to a stable, experienced carrier partner
Underwriting Notes and Submission Requirements
To ensure a timely quote, please submit a completed Acord application along with any relevant supplemental forms and supporting information. The more detailed and accurate the submission, the faster we can respond.
This program is non-admitted. It's best suited for risks that may not qualify for admitted markets due to size, location, or business type.
Territories and Availability
Our BOP program is available in the following states:
Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
Why Work With Bailey Special Risks
Bailey Special Risks, Inc. has built a reputation for delivering niche commercial insurance solutions through strong carrier relationships and a commitment to service. As a wholesale broker, we understand the unique needs of independent agents and offer the tools and expertise to help you secure coverage for hard-to-place or specialized risks.
You might have a client with a small chain of convenience stores or a landlord with mixed-use retail tenants — these are the types of accounts we excel at quoting and placing. Let us help you find the right fit for your commercial clients.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program fits small to mid-sized businesses such as beauty salons, barber shops, fast food restaurants, convenience stores, and lessors risk properties.
Is this an admitted or non-admitted program?
The Business Owners Package is placed on a non-admitted basis through United States Liability Insurance Group.
What documents are required to submit an account?
A completed Acord application along with any applicable supplemental applications and supporting information are required for underwriting review.
Can I submit risks in all states?
The program is available in most states, including CA, TX, FL, NY, and others. Please refer to the full state list to confirm availability.
What is the turnaround time for quotes?
Turnaround times are typically fast when complete submission materials are provided. Incomplete submissions may delay the process.
Need help placing an account? Connect with a market specialist.