The introduction coincides with rising wildfire dangers and a declining pool of insurance alternatives for California. As of now in 2023, there have been 6,078 wildfires that have burned over 977,923 acres in the state, above the five-year average.

Due to this, company owners now have much less access to coverage, and there is a greater need for new insurance options.

As a policyholder-owned reciprocal exchange, SURE is committed to offering underserved areas cutting-edge and trustworthy insurance solutions.

Their goal in collaborating with SageSure, a frontrunner in catastrophe-exposed market underwriting, is to close significant gaps in the insurance industry.

The goal of the new BOP product is to provide extensive coverage for a variety of industries.

More than 400 business classes from eight industries—restaurants, offices, retail, wholesale, habitational, lessor risks, service, and artisan contractors—can be accommodated by it. This will make it possible for Californian company owners to obtain more protection in spite of the state's getting more difficult insurance landscape.

With the previous introduction of dwelling fire and surplus lines homeowners coverage, this non-admitted BOP solution is SURE's third insurance product in California this year. The business is dedicated to satisfying the market for dependable, catastrophe-focused insurance.

Through their partnership with SageSure, SURE aims to improve risk management by offering more flexibility and streamlining the purchasing process.

According to SURE President Ed Konar, "By launching the new BOP product, SURE is demonstrating its commitment to the California market." "BOP program is SURE's third solution to assist satisfy the need for dependable coverage in the state, after the introduction of dwelling fire and surplus lines homeowners coverage to California earlier this year.”

According to Victor dos Santos, president of SageSure's commercial insurance division, "SageSure is proud to partner with SURE to develop the latest BOP program and deliver solutions producers want to sell." "With a wide appetite for risk and the best buying experience in the market, the program can help producers grow their book of business and give their clients more options."