What is included on a Businessowners policy:

  • Business Property and Business Personal Property – This part of the BOP policy can provide for repairing or replacing damage from a covered cause of loss to a wide range of property you own or rent, including buildings and other structures, tools and equipment, inventory, stock held on property or at an off-site location, property of others that you have in your temporary possession, property in transit, outdoor signs and lighting fixtures, additions and betterments to the property, construction in progress, and more. Your property also includes intellectual property such as plans, patents, trademarks, computer programs and software, etc.
  • Comprehensive General Liability – Important protection, including legal defense, indemnification, medical payments and financial restitution up to your selected policy limits for damage to another person’s property, physical and bodily injury, personal injury or advertising injury to one or more individuals resulting from your negligence, completed operations, or failure to perform a contracted service or other breaches of a contract.
  • Business Income Interruption – If you can’t operate your business because of a covered loss, this provision of the BOP can cover lost income and profits, operating expenses, wages, utilities, and other costs incurred while the business is shut, the cost to move to, rent and operate from a temporary location, and reasonable expenses to help restart your business for up to 12 months.
  • Additional Coverages – Your business may be vulnerable to a direct physical loss of your contents, receivables, inventory, equipment or tools from one of these unique situations. Optional coverage may be purchased under the BOP for:

- Backup of Sewer and Drains
- Computer Property
- Employee Dishonesty, Robbery and Crime
- Data and Identity Theft
- Money & Securities being transferred between business locations or to a bank
- Spoilage of Merchandise
- Damage to or Loss of Accounts Receivable Records

  • Equipment Breakdown – If there is damage to your building or business property caused by mechanical breakdown of covered equipment or an explosion of steam boilers or loss of steam/hot water boilers, or if a power surge or outage damages equipment or machinery listed on the policy, you can purchase coverage that may pay the cost of repairing or replacing the damage.
  • Employment Practices Liability (EPL) – As an optional endorsement, EPL Insurance is important security for any size business, and can protect you against claims alleging discrimination, wrongful termination, hostile work environment, and employment related actions.