Commercial Insurance

Here’s a list of some coverages and a brief explanation of what they do from a Businessowners Protection Program.

› Programs Available*

Condominiums and Apartments

Apartments, Residential Condominium or Townhome Associations, Property Management Offices, Homeowner Associations

Mercantile and Service

Household Appliance Stores, Bakeries, Barber and Beauty Shops, Drugstores, Flower Shops, Liquor or Wine Store, Pet Stores, Shoe Stores

Office

Accounting, Consulting, Dental, Insurance, Optometrist, Real Estate, Veterinarian, Stockbrokers, Labor Unions, and Real Estate Operations are eligible

› Property Coverage

Coverage Extensions
• Completed Additions (included in Building Coverage), Outdoor Furniture (included in Building Coverage), Automatic Building Limit Increase (included in Building Coverage)
• Personal Property (only included when a BPP limit is scheduled/purchased)

Additional Coverages Included
Business Income and Extra Expense, Debris Removal, Preservation of Property, Fire Department Service Charge, Collapse, Pollutant Clean-Up and Removal, Outdoor Property (includes fences, radio or TV
antennas, detached signs, trees, shrubs and plants, including debris removal expense)

Optional Property Coverages
• Glass – Exterior or Interior
• Electronic Equipment
• Commercial Condominium Unit–Owners Coverages
» Loss Assessments
» Miscellaneous Real Property
• Employee Dishonesty – $5,000; $10,000; $25,000 or $50,000 ($250 deductible)
• Extended Employee Dishonesty – Condominiums only
• Earthquake
• Guaranteed Building Replacement Cost
• Outdoor Signs

Accounts Receivable – up to $250,000
• Valuable Papers – up to $250,000
• Welfare and Pension Plan – $50,000
• Money and Securities – (Special Form only) $250 deductible
$5,000/$2,000 $10,000/$2,000
• Burglary and Robbery – (Standard Form only) $250 deductible
• Food Spoilage
• Ordinance or Law
• Underground Fuel Storage Tanks and their contents, pumps, pipes and connections

• Equipment Breakdown – coverage for mechanical and electrical equipment

• Property Plus – Twenty-nine coverage enhancements available in Standard, Enhanced, and Premier that offer different coverage amounts
• Building Age Discount Factor applies to buildings 16 years old and newer and their contents that have better loss experience

›› Liability Coverage

Included Coverages
• Bodily Injury and Property Damage – on an occurrence basis for all operations and premises owned and operated or leased by the insured
• Tenants Fire Legal Liability – $50,000
• Employees as Insureds

• Personal Injury (may be excluded for a premium credit)
• Advertising Liability
• Products/Completed Operations
• Medical Payments - $5,000 per person
• Host Liquor Liability

›› Optional Coverages

• Additional Insureds
• Hired and Non-Owned Auto Liability
• Tenants Fire Liability (Excess of $50,000)
• Garagekeepers Legal Liability
• Employee Benefits Liability (Not available in all states)

• Aggregate Limit of Insurance per Location
• Employment Practices Liability Insurance (EPLI)
• Businessowners Liability Plus Package

›› Professional Liability Options

Association Directors and officers Errors and Omissions
• Audiological Professional Liability
• Barbers and Beauticians Professional Liability
• Druggist Professional Liability
• Florists Errors and Omissions
• Funeral Directors or Cemetery Professional Liability

Hearing Aid Retailers Professional Liability
• Miscellaneous Professional Liability
• Optometrists and Opticians Professional Liability
• Pet Groomers Professional Liability
• Printers Errors and Omissions
• Veterinarians Professional Liability

 

 

 

How much coverage or which coverage should you choose?

For more information on auto insurance coverages click here.

*Coverage availability varies by state and company. Please refer to your policy for more details about the coverages you’ve bought.