Your Buildings
Coverage includes all buildings and structures on the premises including completed additions; permanently installed fixtures, machinery and equipment; outdoor fixtures; additions under construction, alteration or repairs, as well as the materials, equipment, supplies and temporary structures used for making them. It also covers property owned by the Insured used to maintain or service the buildings or structures on the premises including fire extinguishing equipment, outdoor furniture, floor coverings, and appliances used for refrigerating, ventilating, cooking, dishwashing or laundering.
Buildings are covered on an “ALL RISKS – Replacement Cost” basis.
Your Business Contents
Coverage includes property owned and used in the business and, if you are a tenant or condominium unit owner, it also covers your interest in building improvements that you make or acquire.
Contents are covered on an “ALL RISKS – Replacement Cost” basis.
Loss of Income
(for up to 12 months past the date of direct physical loss or damage, regardless of when repairs are completed) Caused by an interruption in your business resulting from a Covered Cause of Loss. This Policy also covers those expenses you incur to resume normal business operations after the loss.
Crime Coverage
To protect your money and securities and from fraudulent money orders and counterfeit paper currency, forgery and alteration exposures and also covers employee dishonesty. Money and securities limits are automatically enhanced by 25% to provide for seasonal variations.
Business Liability
To cover you for bodily injury and property damage claims arising out of your operations. If you are a tenant, the policy also covers your tenant’s legal liability for damage caused by a Covered Cause of Loss to a premise that you rent. Professional Liability is optional.
Boiler and Machinery
To cover you for loss or damage to mechanical or electrical equipment (electrical panels, switching panels, transformers, HVAC units, refrigeration equipment, etc.) caused by a breakdown to the insured equipment. Consequential loss coverage may be purchased to insure against loss or damage to perishables as a result of breakdown of the insured equipment.
