Reliance launches online BOP

Rough Notes, Jun 2000

Reliance Group Holdings, Inc., introduced eBOP(SM), a package of property and general liability coverages for small businesses. Target markets are retailers and service businesses with up to $7 million in gross revenue; fast food establishments with up to $3 million in gross revenue; artisan contractors with up to $2 million in gross revenue; and building owners with property valued at up to $5 million.

Property limits up to $3 million are available for fast food establishments, and up to $5 million for all other classes of business. Liability limits can be either $500,000 or $1 million per occurrence. Additional property and liability coverage is available by endorsement.

Offered initially in Illinois, the policy will be marketed through Point, Click & Bind, Inc., a Reliance subsidiary that focuses on e-commerce insurance.