Progressive is introducing a significant update to its Businessowners program in Maryland, combining a sizable rate increase with expanded use of data-driven underwriting and new coverage options.

The filing calls for a 24.25% overall rate increase, below the 55.5% actuarial indication, impacting 1,165 policyholders and adding roughly $280K in premium on a $1.15M book. New business rates are set to take effect May 1, 2026, with renewals following on July 10.

Beyond pricing, Progressive is incorporating the LexisNexis Attract model, assigning each policy a score that directly feeds into pricing for property and liability coverages. Lower scores carry significantly higher relativities, reinforcing a sharper segmentation approach across small commercial risks.

On the product side, Progressive is expanding optional coverages within the BOP package. This includes a Cyber Suite offering first- and third-party protections such as cyber extortion, fraud, and privacy liability, along with equipment breakdown coverage and miscellaneous professional liability options tailored to small businesses.

Additional adjustments include minimum premiums of $550 for contractors and $400 for most other risks, subcontractor-based liability rating factors, and targeted endorsements for restaurants and contractors that add flat per-location charges.