This insurance covers building, contents, stock and equipment of a mercantile or manufacturing operation against physical loss or damage for an insured peril. Coverage may be bought on a Named Peril or Broad Form basis.
The commercial insurance companies we represent offer prepackaged policies for many business or specific industries such as printers, tool and die, woodworkers, and others. If one of these prepackaged policies does not fit your requirements or industry, our brokers can customize a policy to suit your specific needs.
The property component provides broad form coverage on office contents, tenants improvements, personal effects, trees, shrubs and plants, debris removal including:
Blanket glass coverage
Computer system breakdown
Hot water tank explosion
Loss of income
Optional broad form
Other property extensions include : accounts receivable, auditors fees, damage to building by theft, fire department charges, property in transit, property temporarily removed and valuable papers.
The crime component covers each of the following:
Money orders and counterfeit currency
Theft from a night depository or custodians name
Optional broad form money and securities
The liability component of this package covers commercial general liability. Professional Liability however is excluded and can be purchased separately.
The Business Interruption component of this package protects your business income. This means you can stay in business even after a serious loss. There are various types of business interruption coverage available and a Five Star Insurance Broker professional can help you choose the type that meets your business requirements (See section title Business Interruption).
Optional coverages can include:
Broad form property damage
Employees as additional named insured
Non-owned automobile liability
Occurrence property damage
Tenant's legal liability
Voluntary property damage