Need Some COMMERCIAL Markets

[iiinycboi]

anyone have some simple commercial markets i can start to get into?

right now i've been doing mainstreet bops and ugh they are so small lol. 500-700 annual premiums.

i want to break into the market for 2k+, any good fun markets?

 

[nyc2phi]

If you are talking about commercial risks, I'd say start looking at pharmacies. A lot of premium and you just need to make sure you are adding on the pharmacists Liability. Everything is pretty much the same as anyother BOP

 

[iiinycboi]

oh interesting, so its BOP plus Professional liability?

right now i do dry cleaners and nail salons and they are a pain, average 700 premium then WC AND DBL they all want state fund because they all have 1 part time

so pretty much the same, i do cleaners plus bailee or nail salon w/ beautician liability

 

[nyc2phi]

yup nothing special but prem for that area is 3K - 7K for a single store. You could look at some retail as well, if they have a lot of BPP it should have a decent premium.

 

[iiinycboi]

everyone small grocery store i've done only wants 15k bpp lol

 

[greatfish]

Try some furniture stores.
They are BOPs too with a commercial vehicle or two.

 

[SuretyBonds.com]

Try looking used auto dealerships. They are very plentiful in most areas and the premiums are good. Theres a good amoutn of risk exposure so be sure to work through with your underwriter the ins and outs to be sure you are well versed.

A lot of our agents have success getting the account by saving them money on their bond since the premium can vary greatly and then use that as an intro to get the other lines which tend to have less variance in pricing.

 

[Bertolinoins]

Apartments over 30 units.

 

[mmaedelins]

Auto repair shops (if the companies you write for have a good garagekeepers policy). Their annual premiums run anywhere from $1500 to $20,000 a year.

 

[Sales71]

I like small biz like dentist, Accounting offices and attorney...
They are easy and you can get the building insured as well if they own it.