Progressive Southeastern Insurance Company has submitted a rate and rule filing in North Carolina for its Businessowners (BOP) program, proposing an overall rate increase.

The company indicated a 12.2% rate need, resulting in a 9.31% overall rate impact. The change would increase written premium for the program by approximately $184,690, affecting 1,995 policyholders and bringing total written premium to about $2.0 million.

Individual policy impacts will vary widely, ranging from a 17.24% decrease to a 244.72% increase, depending on the characteristics of each risk.

In addition to the rate changes, the filing includes updates to rules, classifications, and optional coverages within the Businessowners program, including revisions related to equipment breakdown, cyber coverage, professional liability options, and expanded class definitions.

Filing was submitted on February 13, 2026, with requested effective dates of May 1, 2026, for new business and July 10, 2026, for renewals.