Businessowners Policy

• The Businessowners Policy Automatic Coverages

• The Western Reserve Group Businessowners Policy offers the following optional coverages

The Businessowners Policy is a comprehensive package policy designed to address the property and liability exposures of small to medium-sized businesses. Some of the types of businesses that may be written on a Businessowners policy include contractors, offices, retail stores, restaurants, and service and processing businesses, just to name a few. This specialized policy provides coverages essential for quality protection at an affordable price.

The Businessowners Policy Automatic coverages:

Building, which includes…

• Exterior Building Glass

• Attached Signs

• Completed Additions

• Fixtures

• Permanently installed machinery and equipment

Business Personal Property, which includes...

• Property owned by the insured and used in the insured's business

• Property of others in the insured's care, custody, or control (Actual Cash Value)

• Tenants improvements and betterments

• Leased personal property which the insured has a contractual responsibility to insure

Business Liability, which includes...

• Premises/Operations

• Products-Completed Operations

• Personal Injury

• Advertising Injury

• Medical Expenses

• Fire Legal Liability for Damage to Rented Premises

Time Element Coverage, which includes...

• Business Income - actual loss sustained (net income and continuing normal operating expenses) for up to 12 months

• Extra Expense - necessary extra expenses incurred, for up to 12 months 

• Ordinary Payroll Expenses - 60 days

The Businessowners Policy Optional Coverages:

• Additional Insureds

• Computer Coverage

• Computer Fraud

• Condominium Commercial Unit Owners Loss Assessment

• Condominium Commercial Unit Owners Miscellaneous Real Property

• Directors and Officers Liability(claims made) – Condominiums

• Earthquake

• Employee Benefits Liability (claims made)

• Employee Dishonesty

• Employers Liability (Stop Gap) Coverage (where required)

• Exterior Building Glass – Tenants Coverage

• Interior Building Glass

• Hired Auto Liability

• Liquor Liability

• Mine Subsidence (where available)

• Non-Owned Auto Liability

• Ordinance or Law

• Outdoor Signs

• Professional Liability – Barbers and Beauticians, Funeral Directors, Optical and Hearing Aid Establishments,

• Printer's Errors and Omissions, Veterinarians

• Spoilage

• Tenants Liability

• Utility Services – Direct Damage

• Utility Services – Time Element

• Water Back-up

Businessowners Property & Crime Coverages (pdf)