Introduction to ISO Micro-Businessowners Program

With an effective date of 4/1/2020, ISO has implemented a new Micro-Businessowners Program. While the filing was introduced as a multistate filing, it has not at this time been filed in California, Florida, Georgia or Hawaii. This new program was added as a new section within Division Ten of the ISO Commercial Lines Manual, which contains the rules, loss costs and forms to be used with this new program.

The new Micro-Businessowners Program (hereinafter referred to as Micro-BOP) is designed for micro-businesses, so named based on the size eligibility of zero to four employees, including the owner. The program resides within ISO’s existing Businessowners program, but has its own policy Declarations, coverage form, and endorsements. The program in essence provides named perils property coverage for the personal items used in an insured’s business; and liability coverage for damage to property of others or injury to others for which the insured is legally responsible to pay, as well as medical expense coverage. The main coverage form is BP 00 04, Micro-Businessowners Coverage Form. The Micro-Businessowners Policy Declarations is form BP DS 20.