Business Insurance - Store Owners

Store Owner's Insurance

How you will replace lost income if your store is closed due to a fire or other loss?  Lost income has the potential to shutter your business for good.  What about smaller - but common - obstacles, such as computer system breakdowns, or even theft?  You can?t afford to lose your business . . . you need the right risk management plan to guard against these potential threats to your livelihood.

For store owners, our Businessowners Policy (BOP) is a package designed to meet your property and liability insurance needs in one policy.

In addition to property and liability, you can add a number of additional coverages based on the needs of your store.  Your independent agent will work with you to determine what you need to have on your policy.

Protection for your property included in the BOP:

• Buildings
• Property used in your business
• Income lost as a result of damage to your business or the inability to conduct business due to a loss elsewhere
• Extra expenses incurred as a result of a loss
• Coverage for locations or property you acquire for your business
• Exterior and interior glass
• Debris removal  

For those times when you want a little additional security, we?ve got you covered with a variety of optional coverages.

• Equipment breakdown
• Earthquake
• Utility services
• Fine arts
• Scheduled property - for specific valuable items 
• Tools
• Commercial articles
• Computer fraud and funds transfer fraud

Expand on the property coverage included: 

You can add extra protection for certain types of losses that may have limited or no coverage in the standard property and liability coverages:

• Money and securities
• Forgery and alteration
• Fine arts
• Employee dishonesty
• Accounts receivable
• Valuable papers and records
• Ordinance or law coverage
• Computer and software coverage including mechanical breakdown
• Arson reward
• Credit card invoices
• Fire department service charge
• Fire extinguisher recharge expense
• Lock replacement
• Loss of food in refrigerator or freezer
• Off premises power interruption
• Outdoor property
• Signs
• Personal effects and personal property off premises
• Property in transit
• Vacancy condition amended from 70 percent to 90 percent
• Business income from dependent properties

• Liability for injury or property loss at your business or as a result of your operations

• Medical expenses for injuries covered right away (for trips to the emergency room, for example)

• Watercraft you do not own, size of watercraft up to 50 feet

• Bail bonds

• Fire and explosion legal liability

• Water damage legal liability

• Voluntary property damage  

• Property you do not own that is in your care, custody, and control  

• Automatically covers as "additional insured" - lessors of premises, manager or lessor of premises, mortgagee assignee/receiver, owners of leased premises, and state or political subdivisions, when required by contract

Additional liability coverage you can add:

For those times when you want a little additional security, we?ve got you covered with a variety of optional coverages.

• Professional liability - barber or beauty shops, morticians, optometrists, and opticians

• Auto liability for autos you hire or rent, or other autos you do not own

• Employee dishonesty

• Bailee coverage

• Electronic data liability

• Employment-related practice

 

For more information on our BOP product, download our BOP brochure (PDF).