BOP & Small Business

We have teamed up with KBIC, KB Insurance Company LTD. (previously known as LIG Insurance Company) to bring you this Small Business Owners Program. KBIC offers BOP, Commercial Packages, Property and Liability specializing in target classes.

  • The owner must have a minimum of three (3) years management experience in the type of business being insured.
  • The business must be financially stable.
  • The business must have favorable loss experience.
  • All of the known exposures/operations are considered typical (occurring in the majority) for the class.
  • Buildings insured must not be vacant, unoccupied or have a seasonal occupancy.
  • For both tenants and building owners, where buildings are 100 years or older, the plumbing, heating, wiring, and roof must have been updated in the past fifteen (15) years.
  • There are no current cited violations of fire or life safety codes.
  • No more than three (3) losses within the past three (3) years.
  • Current owners must have successfully operated this or a similar business for at least three (3) years.
  • Sound financial condition.
  • Insurance to value.

This information is provided as a guideline only and is subject to change with or without notice.