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Buildings
• Automatic increase in insurance - 4%
included
• Replacement
cost - included with options of ACV and
Functional Replacement
Cost
• Definition
includes glass
• Attached
signs $1,000 |
Business Personal
Property
•
Replacement cost - included
•
Seasonal automatic increase - 25% if limit written is at least
100% of
average monthly values |
Business Interruption
•
Actual los sustained - 12 months. 48 hour waiting period with
an
option of 24 hours.
•
Extended period of indemnity - 30 days can be increased to
90 or 120
•
Extra expense - included
•
Dependent properties - included, $5,000 higher limits available
•
Civil authority - up to three weeks, 72 hour waiting period |
Property Additional
Coverage
•
Collapse - included as defined in policy
•
Debris removal - Up to 25% of direct loss or damage,
an additional
$10,000 if limits exhausted
•
Fire department charge - $5,000
•
Fire extinguisher recharge - $5,000
•
Forgery and Alteration - $2,500 higher limits available
•
Increased cost of construction - $10,000 higher limits available
•
Money orders and counterfeit paper currency - $1,000
•
Pollutant Clean Up and Removal - $1,000
•
Preservation of property - $10,000
•
Removal permit - up to 30 days
•
Water damage - as defined in the policy
•
Identity recovery for owner - $15,000 limit, $500 deductible |
Property Coverage
Extensions
•
Accounts receivable - $10,000 higher limits available
•
Attached signs - $1,000 included
•
Newly acquired locations - business income ALS up to $5,000
•
Newly acquired or constructed property - buildings if covered,
$250,000 each building - 30 days
•
Newly acquired personal property - $100,000 each premises -
30 days
•
Outdoor fences, antennas, signs, trees, scrubs - $2,500
caused by
fire, lighting, explosions, riot/civil commotion
or aircraft
•
Personal effects - $2,500 excluding theft
•
Personal property off premises - $5,000 optional increased
limits
available (includes property in transit)
•
Valuable papers and records - $10,000, $5,000 away
from premises |
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Business Liability
•
Bodily injury and property damage - included limits of
$500,000,
$1,000,000 and $2,000,000 available
•
Personal injury and advertising injury - included at policy limits
•
Tenant property damage legal - $300,000 higher limits
available
•
Supplementary payments - expenses,
bonds, insured
expenses and costs
assessed in a suit
•
Medical payments:
- Medical payment coverage is not include din our
general
liability policy
- By not offering this coverage, we felt hat we
minimize the
amount of money paid to claimants on behalf of the
insured
for "no fault" claims. |
Other liability
extensions of coverage:
•
Liquor liability - same limit as business liability
•
Host liquor - provides liquor liability coverage for risks that host
business or social functions where liquor is served with or
without
charge
•
Aggregate per location limit - at your request, we can apply the
general aggregate limit to each of the locations on the policy |
General Liability
Options:
•
Employee benefits liability: Covers negligent acts, errors or
omissions committed in the administration of the insured's
employee
benefit program (i.e. Employer failed to enroll
employee or add
dependent)
•
Hired & Non-owned Auto: Hired and non-owned covers
damages to a
third party caused by an accident in which a
rented are or "non-owned"
car is being used for business
purposes.
•
Liquor Liability: $300,000 limit, $500,000 limit,
$1,000,000
limit |
Other Liability Extensions of
Coverage
•
Liquor Liability - same limit as
business liability
•
Host Liquor - Provides liquor
liability coverage for risks that
host business or social functions
where liquor is served with
or without charge
•
Aggregate per location limit - At
your request, we can apply the
general aggregate limit to each of
the locations on the policy |
Optional Coverage:
•
Employee dishonesty - $5,000,
$10,000, $25,000, $50,000 and
$100,000 limits available
•
Money and securities - limits
dependent on protection and
prior losses
•
Signs |
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