Builder’s Risk Insurance
This type of policy covers residential and commercial structures while they’re under construction, being remodeled, or renovated. Covered building components include foundations, fixtures, machinery, equipment used to service the building, building materials and supplies, and debris removal in the event of a loss. Depending on the coverage form the policy may not include land, landscaping, satellites or antennas, construction materials in transit, scaffolding, construction trailers, theft of materials from the job site and signs that are not attached to the building.
Business Interruption Insurance
At the time of a covered loss your property insurance policy will cover the physical damage to the business, while the business interruption policy covers the profits that would have been earned. In addition this policy will cover fixed operating costs, extra expenses that allow the business to continue operations, in some cases the cost of a opening a temporary location, and civil authority coverage.
Business Owner’s Policy (BOP)
A business owners policy, also known as a BOP, combines your property insurance, business interruption insurance, and liability insurance into one package. This package policy is primarily geared for small to medium sized businesses and in most cases offers a better package rate than purchasing the policies individually. Depending on your business insurance needs, additional policies are available to package.
Business Personal Property Insurance
Business personal property coverage includes, but is not limited to, furniture and fixtures, machinery and equipment, stock, all other personal property owned and used in the business, labor, materials or services furnished or arranged on personal property of others, and leased personal property that an owner has a contractual responsibility to insure.
Commercial Auto Insurance
Whether your a business owner with one car or a large company with a fleet of trucks, safety plays a critical role in your companies future. Our carriers offer offer comprehensive coverage options for owned, leased, non-owned, and hired vehicles. We take the time to understand your specific exposures and tailor a policy that will ensure the safety of your employees and the well being of your company.
Much like homeowner’s insurance, commercial property insurance provides coverage for the structure in the event of a loss. Depending on the type of policy the building coverage may be covered on an actual cash value or full replacement cost. It’s also important to accurately determine the value of the building as certain policies carry a coinsurance clause.
This type of insurance is especially important when your business transports goods or typically has property off-site. Standard business personal property policies may extend a percentage of coverage to personal property off premises but in most cases this ins’t enough. With so many unique business exposures, insurance carriers have broken coverage options out into varied industry groups.
Lessor’s Risk Insurance
Much like a personal landlord policy, lessor’s risk insurance is designed to provide property and liability coverage for building owners. If your lessee or their customer sustains substantial bodily injury or property damage you as the property owner could be subject to a legal suit. In addition this coverage shields you from liability arising from a lessee’s property loss, which includes damage and destruction of property, vandalism, and theft.
For additional product information and/or questions please contact us.