Patriot Insurance Company announces a rule change for businessowners policies (BOP) in Maine.

The Insurance Services Office (ISO) has been making incremental changes to the annual minimum payroll exposures for executive officers and individual policyholders or co-partners. Effective March 1, 2022, we will adopt ISO’s increase for Maine, taking minimum payroll from $22,600 to $28,200 for new and renewal BOP business.

If you have any questions, please feel free to contact your field manager or underwriter.