Harleysville Insurance Company of New Jersey, Nationwide Assurance Company, and Nationwide General Insurance Company—each part of the Nationwide Insurance Group—have filed a Form, Rate, and Rule update for their Businessowners (BOP) program in New Jersey. The filing, submitted on November 3, 2025, requests an effective date of June 1, 2026, for both new and renewal business.

The proposed overall rate increase is 20.7%, impacting 1,284 policyholders and $8.46 million in written premium. Rate changes vary by company, with Nationwide General reflecting a 26.5% increase and Nationwide Assurance a 12.9% increase. Harleysville reported no active policies under the program.

The update introduces three new forms, two of which align with ISO-approved forms (PB 14 06 and PB 15 12), and revises state pages for classes including Auto Service, Food Service, Habitational, Office, Retail, Service, and Wholesale. Additional rule adjustments cover specialized coverages such as Directors and Officers Liability (Habitational) and Business Income options with variable waiting periods and payroll treatments.

The filing, which follows a prior approval submission (SERFF Tracking Number NWPP-134190836), references ISO for form tracking and maintains detailed rate information across hazard groups, peril types, and year-built modifiers.