Business Owners Policy - BIGelearn.bankersinsurance.com/Media/Default/Guidelines... · 2019. 2....
Transcript of Business Owners Policy - BIGelearn.bankersinsurance.com/Media/Default/Guidelines... · 2019. 2....
What’s CoveredBankers Retail Protection Bankers Insurance Group has over 40 years of insurance experience, and we pride ourselves on understanding the needs of our customers. Bankers offers coverage designed for small or big retailers in today’s competitive marketplace. To prepare and be protected from the emerging risks, now is the opportune time to get insured with Bankers
• Automobiles Parts & Supplies, Bicycle Shops,Delicatessens, Dry Good Dealers, Bakeries
• Florists, Furniture (Upholstered, Wood or Metal),Glass Dealers & Glaziers, Janitorial Supplies, Jewelry
• Medical, Optical Goods, Plumbing Supplies &Fixtures, Tobacco Products
Showcase your investment... Let Bankers insure it.
Customer Service 800.627.0000 x4900 | bankersinsurance.com
Business Owners Policy
Retail Coverage
When it comes to the retail industry, we’re readyto handle a cart full of business.
Our Retail Business coverage can be tailoredwith various other optional coverages to providethe insured with the best package.
BIG
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Examples of Comprehensive Coverage at No Additional Cost
Our complete online system makes writing easy:
• Process from quote to application
• View existing policy information, including payment and policy status
• Submit and view endorsements and cancellations, keep signed documents
• Quote new business up to 60 days out
• Report insured claims, receive claim number instantly
• Access underwriter directly
• Generate individual or agency loss run reports
• Use convenient payment plans with American Express, Visa, MasterCard, and Discover
Coverage Feature Limits
Accounts Receivable $25,000 at premises/$5,000 off premises
Additional Insured Lessor of Leased Equipment
Included
Business Income and Extra Expense
25% for coastal counties - 12 months; actual loss sustained available for inland counties and coastal x-wind
Business Income from Dependent Properties
$5,000
Business Personal Property Within 1,000 feet of premises
Business Personal Property - Seasonal Increase
The policy limit on business personal property will also automatically increase by 25% to provide for seasonal variations.
Damage to Premises Rented to You (Fire Legal Liability)
$300,000
Debris Removal - Increased Limits
25% of the loss up to a maximum of $25,000
Electronic Data Additional Coverage
$10,000
Employee Dishonesty $10,000
Fine Arts $50,000, $500 per item limit (without an appraisal)
Fire Department Service Charge
$25,000
Fire Extinguisher Systems Recharge Expense
$5,000
Forgery and Alteration $10,000
Fungi or Bacteria Coverage - Property
$15,000
Glass Coverage Included (in the building limit for the building owner and in the contents limit for the tenant)
Guests’ Property on Premises Motels/Hotels/Bed & Breakfasts ONLY
$25,000, $1,000 per guest limit
Interruption of Computer Operations
$10,000
Inventory or Appraisals $5,000
Coverage Feature Limits
Lock and Key Replacement $5,000
Mechanical Breakdown $50,000
Money and Securities $10,000 inside/$2,500 outside
Money Orders and Counterfeit Paper
$5,000; $500 deductible
Newly Acquired Property Coverage Extension
Buildings at $500,000; contents at $250,000; coverage period is 180 days.
On Premises Swimming Pool - Liability
$20,000
Ordinance or Law Coverage $25,000 included for increased cost of construction, undamaged portion and demolition; $10,000 increased cost of construction
Outdoor Property - Named Perils Only - Fire, Lightning, Explosion, Riot and Civil Commotion, or Aircraft
$10,000 but not more than $2,500 for fences or walls, $1,000 for any one tree, shrub or plant, $1,000 for antennae and satellites and $5,000 for signs (unattached).
Patterns, Dies and Molds $5,000
Personal Effects $5,000 personal effects; max of $1,000 any one employee.
Personal Property Off Premises (Including Transit)
$25,000
Pollutant Clean Up and Removal
$10,000
Property Damage Liability - Borrowed Equipment
$10,000
Reward Coverage $10,000
Signs - Attached $5,000
Spoilage Coverage $5,000
Supplementary Payments Includes the cost of bail bonds, attorney fees, loss of earnings up to $250 a day.
Utility Services Direct Damage $10,000
Valuable Papers and Records $25,000 at premises/$5,000 off premises
Water Backup and Sump Overflow
$25,000
Wind and Hail - Added as Covered Causes of Loss for Outdoor Property
Included