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Alaska BOP insurance: separate earthquake and flood decisions

Alaska’s insurance regulator provides small-business earthquake guidance and distinguishes earthquake shaking from ensuing fire or burst-pipe damage. Compare the BOP’s property causes and limits with the separate earthquake or flood protection you may need, then size business-income coverage around the time repairs and deliveries could take. 1,2,3

What Is Business Owner’S Policy?

A BOP may suit an eligible small business that wants property, liability and lost-income protection together. If you also need auto, workers’ compensation or professional liability, plan for separate coverage. Read the national Business owner’s policy guide.

Alaska Requirements

RequirementDetails
Compare the package quoteQuote building, business personal property and business income for every Alaska premises; identify remote or seasonal locations, inventory and equipment kept there. Ask the insurer to show covered causes, valuation, deductibles, sublimits and interruption periods in the actual forms. 1,2,3

What to Watch for in Alaska

  • Separate earthquake shaking from ensuing damage

    Alaska’s Division of Insurance says small businesses should investigate earthquake protection; it distinguishes shaking damage from resulting fire or water damage when discussing standard business insurance. Ask the BOP carrier in writing whether shaking itself is covered or excluded, and what separate quake limits, deductible and debris or stabilization terms are available. 2

  • Review flood and access risks by location

    The state’s hazard plan says Alaska remains exposed to earthquake and flooding hazards. Check each shop, warehouse and leased space on local flood information; ask whether flood is excluded or endorsed, whether stock and equipment are included, and whether separate flood coverage includes enough contents protection. Do not assume a flood policy pays lost income. 3,1

  • Plan for repair time and package gaps

    Alaska’s regulator urges small businesses to plan for recovery and notes policies can have property sublimits. Compare the BOP’s business-income period and extra-expense limit with the time needed to replace specialized equipment or restock remote sites; confirm products, professional services, vehicles and property in transit separately. 2,1

Who Regulates Insurance in Alaska

Alaska Division of Insurance

The Alaska Division of Insurance regulates insurers and insurance licensees, provides company and licensee searches, and investigates insurance complaints within its authority. Its consumer-services section handles disputes involving claims, cancellations, premium refunds, agents, and insurers. 4,5,6

Surplus-lines tax and stamping office

Reported tax rate: 2.7% of gross premium less returns plus 1% filing fee; wet marine: 0.75%, no fee For covered property and casualty surplus-lines risks, Alaska lists a 2.7% tax and a separate 1% filing fee on gross premium less returned premium. Qualifying wet-marine and transportation policies instead carry a 0.75% tax on gross premium and no filing fee; risks of state or local government and certain interstate aircraft are exempt from both tax and fee. A multistate placement is regulated under the insured’s home-state rules, and Alaska says to evaluate each policy’s home state separately. 8,7,9,10

  • Alaska has a placement-list exception: If a risk appears on Alaska’s surplus-lines placement list, the Division says the broker does not have to canvass admitted insurers for declinations before placement; the broker must document the applicable list entry. 7
  • Alaska has limited tax and search exceptions: The Division says qualifying wet-marine and transportation policies need no diligent search and pay no 1% filing fee. Tax and filing fees also do not apply to state or political-subdivision risks or qualifying interstate aircraft, although other placement requirements remain. 11

Providers With Documented State Licenses

These providers publish a national listing for Business owner’s policy; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Alaska. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • CorgiCorgi Insurance Services, Inc.Insurance producer · checked 2026-09-28Corgi’s company producer-license table lists 50 jurisdictions: 49 states and the District of Columbia, including DC license 3003091619. New Mexico does not appear in the table and is not included here; the omission does not establish that Corgi is unlicensed there. The company-reported table has no stated as-of date and does not establish product availability. 14
  • ERGO NEXT InsuranceNext First Insurance Agency, Inc.Insurance producer · checked 2026-09-28ERGO NEXT’s current license table lists Next First Insurance Agency, Inc. in 50 jurisdictions, including Washington, DC; New York is excluded because its table rows name Next Insurance Services and AP Intego, not Next First. The table is company-reported; it does not establish product availability or provide state-regulator verification for each entry. 16
  • HiscoxHiscox Insurance Company Inc.Insurer · checked 2026-09-28Hiscox’s U.S. company information states that Hiscox Insurance Company Inc. is licensed in all 50 states and the District of Columbia. This is company-reported insurer authority for this entity and does not establish which company issues every Hiscox-branded product. 15
  • TechInsuranceSpecialty Program Group LLCInsurance producer · checked 2026-09-28TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. 17

Questions to Ask Before You Buy in Alaska

  1. Does the BOP cover earthquake shaking, or only ensuing fire or pipe-break damage, and what separate quake terms are available?
  2. What valuation, contents limits, equipment sublimits and deductibles apply at each Alaska site?
  3. Is flood excluded, and what separate flood terms apply to inventory, machinery and tenant improvements?
  4. What covered property loss triggers business income, and does its payment period match remote repair and restocking time?
  5. Are mobile tools, goods in transit, professional services and vehicles included or separately insured?

Business Owner’S Policy in Alaska: FAQ

Does the BOP cover earthquake damage in Alaska? 2,1

The Alaska Division of Insurance distinguishes earthquake shaking from ensuing fire or water damage and advises small businesses to investigate earthquake insurance. Ask the insurer to identify the BOP’s earthquake wording and any separate limits or deductible; do not infer coverage for shaking from coverage for ensuing damage. 2,1

Will a flood or earthquake policy replace income while the business is closed? 2,3

That depends on the actual form. Ask separately about covered physical damage, business-income trigger, waiting period, maximum payment period and extra expense for both the BOP and any standalone property policy. 2,3

Business Owner’S Policy in Other States

Other Coverage in Alaska

Sources

  1. What Is a Business Owner’s Policy? Spot; Published national BOP article; package sections, eligibility and separate coverage gaps. Accessed 2026-09-28.
  2. Earthquake Insurance. Alaska Division of Insurance; Small-business earthquake guidance; lines 47–75: shaking versus ensuing fire/water damage, limits, sublimits, deductibles and recovery planning. Accessed 2026-09-28.
  3. State Hazard Mitigation Plan. Alaska Division of Homeland Security and Emergency Management; Current as of April 23, 2026; lines 3–16: statewide earthquake and flood exposure and FEMA-approved 2023 plan. Accessed 2026-09-28.
  4. Division of Insurance. Alaska Department of Commerce, Community, and Economic Development; Official Division homepage; publishes general contact number (907) 269-7900 and qualifies 1-800-INSURAK for callers in state outside Anchorage. Accessed 2026-09-28.
  5. Research a Company or Agent. Alaska Division of Insurance; Company and licensee search for entities licensed in Alaska. Accessed 2026-09-28.
  6. Complaints. Alaska Division of Insurance; Official complaint filing instructions and matters the Division can investigate. Accessed 2026-09-28.
  7. Surplus Lines. Alaska Division of Insurance; Current surplus-lines guidance on tax reporting, placement-list diligent-search exception, and required policyholder notice. Accessed 2026-09-28.
  8. Alaska Statutes, Chapter 21.34: Surplus Lines Insurance. Alaska Legislature; AS 21.34.180/.190 rates; the Division's accessible current Surplus Lines FAQ reproduces the wet-marine and public-risk exceptions and filing-fee treatment. Accessed 2026-09-28.
  9. Bulletin B 12-05: Alaska Policyholder Notice. Alaska Division of Insurance; Required nonadmitted-insurer notice says claims are not covered by the Alaska Insurance Guaranty Association Act. Accessed 2026-09-28.
  10. 15 U.S.C. § 8202: Regulation of nonadmitted insurance by insured's home State. U.S. House of Representatives, Office of the Law Revision Counsel; § 8202(a): nonadmitted placement is subject solely to insured's home-State requirements, except as otherwise provided; § 8201 addresses exclusive home-State tax authority. Accessed 2026-09-28.
  11. Surplus Lines. Alaska Division of Insurance; Full current FAQ: rates, wet marine tax/fee/search exceptions, government and qualifying aircraft tax/fee exceptions, home-state determination, and placement-list search rules (lines 92–159). Accessed 2026-09-28.
  12. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  13. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  14. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  15. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  16. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  17. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  18. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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