OFFICE COVERAGE FEATURES
Choosing insurance for your business is an important decision.
Choosing insurance for your business is an important decision You invest your time, money and effort toward running your business, so you should be confident that the insurance you purchase will protect your business when you need it most. Office Business owner policy offers an affordable way for you to obtain property and Liability insurance. This policy includes key coverage that are important to any business, and also offers additional business-specific options that are important for any office.
Coverage features especially for Offices
Client files and other Valuable Papers and Records
Including the cost to research, replace or restore lost information.
Up to $25,000* on and off premises.
Computer Equipment, Data and Media
Included up to Business Personal Property limit, subject to a maximum of $50,000*.
Coverage applies worldwide.
Fewer exclusions (artificial electricity, breakdown, and power failure are covered).
Off premises (including transit), backup data off premises, and newly acquired equipment is covered for up to $25,000.
Interruption of Computer Operations is covered for up to $25,000 *.
Electronic Vandalism is covered for up to $25,000.
*Higher limits are available.
Equipment Breakdown
Coverage for equipment breakdown is included within applicable limits.
Expenses are covered for up to $25,000.
Pollutant cleanup costs are covered for up to $25,000.
Interruption of water, communication, or power supply services is covered (when Business Income and Extra Expense is covered).
Diagnostic and power generating equipment is covered for equipment breakdown for up to $100,000*.
Business Income and Extra Expense
Included on an Actual Loss Sustained basis for 12 consecutive months for Office Business Owners Policy.
Optional for Office Business Owners Policy, on an Actual Loss Sustained basis for 12 consecutive months up to 50 percent of annual revenues..
Up to 60 days Extended Business Income.
Loss due to interruption of Communication Supply Services (exceeding 24 hours) is covered up to $25,000*.
Newly Acquired premises up to $25,000.
Includes loss by Civil Authority.
Office Core Coverage Highlights
Property Coverage
Covers your Building and Business Personal Property for replacement cost with no coinsurance.
Accounts Receivable covered for up to $25,000*.
Fine Arts
Up to $25,000*.
Coverage applies anywhere in the coverage territory.
The "breakage" limitation does not apply.
Limited exclusions.
Special valuation terms.
Crime Coverage
Money and Securities are covered within Business Personal Property. Theft of Money and Securities limited to $25,000* for Office Business Owners Policy.
Employee Dishonesty is covered for up to $25,000*.
Forgery or Alteration is covered for up to $25,000*.
Money Orders and Counterfeit Paper Currency are covered within Business Personal Property.
Theft Damage to Tented Property is covered within Business Personal Property.
General Liability
This covers you against claims resulting from your business operations due to bodily injury or property damage to others. Automatically includes:
Advertising Injury and Person Injury.
Medical Payments for $5,000 per person.
Damage to Premises Rented to You for up to $300,000*.
Blanket contractual for oral or written contracts.
Limited worldwide Coverage.
Host liquor legal liability.
Errors and Omissions coverage included fro Barber Shops,
Beauty Parlors, Nail Salons, and Funeral Directors.
Coverage for Web site injury liability (some restrictions apply).
*Higher limits are available.
Popular Options
Higher Limits for most individual coverage extensions.
ERISA Welfare and Pension.
Sewer and Drain Back Up.
Building Owner Endorsement - enhances coverage in key areas for building owners.
Hired and Non-owned Auto.
Errors and Omissions coverage for Printers.
Liability coverage enhancement - enhances coverage in 15 key areas.
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