Commercial BOP/GL and Property Insurance Package

Commercial businesses face a broad range of property and liability exposures, and finding a cost-effective, comprehensive solution can be difficult. Novatae Risk Group offers a tailored Commercial BOP/GL and Property Insurance Package for small- to mid-sized businesses across many industries. Through Novatae’s partnership with Empire, you get fast turnaround, flexible underwriting, and in-house authority so you can place business and serve your clients more efficiently.

This program bundles General Liability and Property coverages into one streamlined package. With competitive pricing and a $500 minimum premium, you can quote, bind, and issue policies in-house—helping you deliver a faster response without sacrificing coverage strength.

Ideal Accounts and Appetite

Novatae’s package fits a wide range of commercial risks. Typical classes we place include:

• Retail stores and shopping centers
• Restaurants, bars, and bed & breakfasts
• Apartments, condominiums, and office buildings
• Funeral homes and health clubs
• Mobile home parks, museums, and mini-golf facilities
• Vacant land and properties requiring flexible solutions

Artisan contractors are also a strong fit—HVAC technicians, plumbers, drywallers, roofers, appliance installers, and similar trades. The program works particularly well for mixed-exposure risks, for example a small hotel with onsite dining or a contractor that needs coverage for tools and equipment.

Example scenarios you can place quickly:

• One-location restaurant needing GL, property, and limited business income coverage with same-day bind.
• Three-unit apartment building with building coverage and GL for onsite management, within in-house property authority limits.

Coverage Highlights and Advantages

• 4-hour indications/quotes for eligible submissions
• Same-day bind and policy issuance on qualified risks
• $1,000,000 / $2,000,000 General Liability limits with ISO GL forms
• Excess liability available up to $5,000,000
• In-house property authority up to $5,000,000 per location
• Ability to submit higher property values up to $25,000,000 with fast approval turnaround
• Broad class code acceptance across commercial sectors
• Written on admitted and non-admitted paper with A–XV rated carriers

Property and Inland Marine: Basic and Broad Form options are available. Coverages include buildings, contents, business income, contractor’s equipment, and tools—with equipment sub-limits up to $250,000 for owned, leased, or rented property.

Key extensions and sub-limits include:

• $25,000 blanket limit for Fire Extinguishing System Expenses
• Lock replacement, outdoor signs, landscaping, and tenant move-back expenses
• Sub-limits for sewer/drain backup, employee dishonesty, forgery, money & securities, and spoilage

Underwriting Requirements and Minimum Premiums

• Completed ACORD 125 and 126 for General Liability
• Property and equipment ACORDs as applicable
• Supplemental application required for most accounts

Minimum premium starts at $500 with a minimum deductible of $500. Novatae’s underwriting is structured to be fast and flexible, making it straightforward to place both standard and non-standard risks when they meet program guidelines.

Territories and Availability

This program is available in most states, including: AL, AK, AZ, CA, CO, CT, FL, GA, IL, KY, LA, MN, MS, MO, NV, NJ, NM, NC, PA, SC, TN, TX, UT, VA, WV, and WI. Coverage can be written on admitted or non-admitted paper depending on the state and risk profile, using A–XV rated carriers.

Why Work With Novatae Risk Group?

Novatae is a wholesale broker with deep market access and in-house authority designed to help agents close commercial business faster. Their strengths for this program include responsive service, competitive pricing, broad class appetite, and the ability to issue policies quickly—helpful when your client needs immediate proof of coverage.

Call 800-758-8113 to speak with a broker about your next Commercial BOP/GL and Property submission.