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ACCOUNTS RECEIVABLE: Pays direct physical loss or damage to accounts receivable caused by, or resulting from a covered cause of loss. Coverage is limited to $2,500 on accounts receivable not at the described premises.
ADVERTISING INJURY: Pays for injury other than bodily injury, caused by an offense committed in the course of advertising goods, products or services such as:
ARSON CONVICTION REWARD:
Pays a person other than the
Named Insured or person responsible for a fire, for information leading
to an arson conviction regarding loss or damage to covered property. No
deductible applies.
ASSOCIATION FEES AND EXTRA EXPENSE COVERAGE (Condos Only): Pays for Association Fees that become uncollectible from unit owners whose units have been rendered uninhabitable due to direct physical loss or damage caused by or resulting from a covered cause of loss. Also covers extra expense incurred during the period of restoration that would not have been incurred had there been no loss or damage from a covered cause of loss. | AUTO PRODUCTS IN OUTSIDE CONTAINERS: When this endorsement is written on a gasoline service station, Coverage Form E, Premises Burglary or Form H, Premises Theft and Robbery is amended to include coverage for loss or damage to covered property such as auto supplies and equipment or oil and gasoline in fully enclosed and locked containers on the premises as evidenced by forcible entry up to Limit shown in the schedule.
BACK-UP SEWERS OR DRAINS: Pays for the reasonable and necessary cost to repair or replace property due to loss or damage caused by back up or overflow of a sewer, drain, sump pump, sump pump well or any other system located off the premises which is designed to remove subsurface water from the foundation area. BARBER & BEAUTICIANS LIABILITY: Pays the amount the insured is legally obligated to pay as a result of failing to provide professional standard of care to a customer. (Provided only for Barbers and Beauty Shops) BAIL BONDS: Pays the cost of Bail Bonds required because of an accident or law violation out of the use of any vehicle to which Business Liability or Bodily Injury Coverage applies. BAILEE COVERAGE: Bailee Coverage pays for direct physical loss or damage to property in the care, custody of control of the insured.This coverage is only available for three types of risks and the limits vary as follows:
BUILDING - PROPERTY: Pays for direct physical loss to the described building or buildings including completed additions, fixtures, permanently installed machinery and equipment, and personal property used to maintain or service the buildings or structures such as fire extinguishing equipment, outdoor furniture, floor coverings, and appliances. BRANDS AND LABELS COVERAGE: Pays the cost to stamp, salvage, or to remove brands or labels and re-label the merchandise to comply with the law, on property for which we have paid a covered loss and have elected to take all or part of the property at an agreed or appraised value. (Manufacturing) BROAD FORM LIABILITY ENDORSEMENT COVERAGE: This endorsement broadens liability coverage by adding or modifying coverage for the following; Incidental Malpractice, Aircraft or Watercraft, Additional Insured - Broad Form Vendors, Unintentional Failure to Disclose Hazards, Other Insurance - Primary Additional Insured, Newly Acquired organization, and Volunteers as Insureds. BUILDING - PROPERTY - Apartment: Pays for direct physical loss to the described building or buildings including completed additions, fixtures, permanently installed machinery and equipment, and personal property used to maintain or service the buildings or structures such as fire extinguishing equipment, outdoor furniture, floor coverings, and appliances. BUILDING - PROPERTY - Condominium: Pays for direct physical loss to buildings and structures at the described premises, including completed additions, fixtures outside of individual units, permanently installed machinery and equipment, fire extinguishing equipment, outdoor furniture, floor coverings, and appliances used for refrigerating, ventilating, cooking, dishwashing or laundering not contained within individual units. Building coverage for condominiums excludes any of the following types of property contained within a unit. Fixtures, improvements and alterations that are part of the building structure; appliances used for refrigerating, ventilating, cooking, dishwashing, laundering, security or housekeeping; any other personal property owned by, used by or in the care, custody or control of a unit-owner. The insured (the Association) has the option to cover unit-owners building property. This should always be done if the Association by-laws require such coverage. Coverage can be provided by endorsement in one or three ways: Certain states, such as Utah, Washington and Illinois, mandate inclusion of unit owner coverage within the building property. BUSINESS INCOME COVERAGE: Pays actual loss of Business Income due to necessary suspension of the insured operations during the time it takes to restore operations after a covered loss. BUSINESS INCOME 72 HOUR BUYBACK COVERAGE: Available on Premier endorsement only. Removes the 72 hour waiting period requirement before the period of restoration begins for Business Income Coverage. Because Virginia is on an earlier form, Business Income is not subject to a waiting period for either primary or premier. BUSINESS INCOME FROM DEPENDENT PROPERTIES COVERAGE: Provides coverage for the actual loss of Business Income due to the necessary suspension of operations because of direct physical loss to a scheduled dependent property. A dependent property is one operated by others that our insured depends upon to attract customers to their location. The limits of insurance shown are separate from any other business income limit of insurance.
BUSINESS INCOME & EXTRA EXPENSE COVERAGE:
Pays the actual loss of Business Income and Extra Expense sustained from
a covered direct physical loss at the described premises or within 500
feet of the site. Coverage begins 72 hours following the loss or damage
for the period of restoration up to 12 consecutive months. BUILDING ORDINANCE OR LAW COVERAGE: Three separate coverage are provided with this endorsement:
BUSINESS PERSONAL PROPERTY COVERAGE: Pays for direct physical loss to Property the insured owns that is used in the business (including products for sale), property of others in the insured's care, custody and control up (up to the amount for which the insured is legally liable, and tenant's improvements and betterments that are made a part of a non-owned building, and leased property for which the insured has a contractual responsibility. Such covered property is covered for replacement cost if the limit of insurance is 80% or more of replacement value - subject to the limit of insurance. BUSINESS PERSONAL PROPERTY AT NEWLY ACQUIRED PREMISES COVERAGE: Extends coverage under Business Personal Property to property at any newly acquired premises. Limited to 30 days after acquisition of the new premises or beginning of construction at the new premises.
CARGO COVERAGE: Cargo insurance covers goods owned by the insured or for which the insured is liable as a motor carrier. It is written for a specified amount of insurance for each truck, trailer or semi-trailer and requires 100% coinsurance for any load. The limit must also be sufficient to comply with limits required by regulatory bodies. BIPD coverage for the vehicle must also be in force on the policy if Cargo coverage is requested. A $250 deductible applies to each loss to each scheduled vehicle. CIVIL AUTHORITY COVERAGE: Pays for the actual loss of Business Income and Extra Expense caused by action of civil authority prohibiting access to the described premises due to a covered loss at other than the described premises. CLAIMS EXPENSE COVERAGE: Pays up to $1,000 Primary, $5,000 Premier for all reasonable expenses the insured incurs at Farmer's request to assist in the investigation of a claim or suit; or the determination of the amount of loss, such as taking inventory. (Manufacturing) COLLAPSE COVERAGE: Pays for direct physical loss or damage caused by collapse of a covered building, if the collapse is caused by reasons specified in the policy. COMPUTER COVERAGE: Pays for direct physical loss or damage to Electronic Data Processing (EDP) Equipment, meaning computers and associated peripheral equipment such as printing, or auxiliary functions such as data transmission. EDP recoding or storage media such as films, tapes, discs, drums or cells; data stored on such media; and programming records used for electronic data processing or electronically controlled equipment; are covered up to 25% of the equipment limit. CONTAMINATION SHUTDOWN COVERAGE: Pays for actual loss of Business Income (Net income, before tax), that would have been earned or incurred, due to necessary suspension of the insured's operation resulting from a closure by the Board of Health or other government body, because of discovery of, or suspicion of food contamination. CONTRACTORS INSTALLATION COVERAGE: Pays for direct physical loss or damage to materials, supplies, equipment, machinery and fixtures which are to be installed by the insured, and temporary structures built or assembled on site. The property is covered while at any job site you do not own or operate, awaiting or during installation, in transit or at a temporary storage location. CONTRACTORS TOOLS & EQUIPMENT COVERAGE: Pays for direct physical loss or damage to miscellaneous tools and equipment owned by, or in the care, custody or control of the insured. CONTRACTOR LIABILITY COVERAGE: Provides liability coverage for occurrences for which you would have been liable in the absence of the contract or agreement, as well as liability assumed in a contact or agreement deemed an insured contract. CRIME CONVICTION REWARD: Will pay a reward to persons, other than an insured or person in any way responsible for the subject loss, providing information which leads to a crime conviction in connection with loss or damage covered by the policy. CUSTOMER PROPERTY COVERAGE: Pays for loss to customer's property at the premises described caused by or resulting from any covered cause of loss. (Customer's property is excluded under the care, custody and control exclusion.) The endorsement removes the exclusion. (Manufacturing)
DEALERS DRIVE AWAY COVERAGE: Deletes the exclusion in the policy relating to collision loss to covered autos driven or transported more than fifty road miles from point of purchase or distribution to their destination. Coverage is included as part of the package. DEBRIS REMOVAL COVERAGE: Provides for reasonable cleanup expenses up to 25% of the amount otherwise paid for the direct physical damage as a result of a Covered Cause of Loss. Expenses are paid only if they are reported to the Company in writing within 180 days of the loss date or the end of the policy period - whichever is earlier. If the physical damage exceeds the policy limit and/or the clean up expenses exceed the above limitation a limit of $10,000 per occurrence is provided. DEMOLITION COVERAGE: Provides coverage for the cost of demolition and removing of debris of the undamaged portion of the building, if demolition of the undamaged portion is required by building ordinance or law. DIRECTORS AND OFFICERS LIABILITY FOR RESIDENTIAL ASSOCIATIONS: This is a Claims Made coverage form which pays for wrongful acts committed by any insured, or any other person for whose acts the insured is legally responsible. Such wrongful acts must be committed by any insured while acting solely in the conduct of management responsibilities for the Association, with limits option 500,000/500,000, 1,000,000/1,000,000. This D&O form (E9122) is intended for use with Residential Associations only (i.e. Condominium and Homeowners Associations). A
separate and distinct D&O form (E4297) is available for use with
Commercial Real Estate business such as Office Condominiums in eligible
states. This coverage is only offered in select states.
EARTHQUAKE COVERAGE:
Earthquake Coverage is written in
selected areas on a submit for approval basis only and covers loss due
to Earthquake and Volcanic Eruption. Limits and availability vary by
state. This coverage applies to the property, which includes buildings, business personal property, unit owner, outdoor signs, valuable papers, business income, specified property and association fees. EARTHQUAKE SPRINKLER LEAKAGE COVERAGE: Pays for loss or damage to the Building and Business Personal Property caused by leakage from an automatic Sprinkler System, or collapse of a tank that is part of the system. No coverage for Tenant's property. EQUIPMENT BREAKDOWN COVERAGE: Pays for direct damage to insured's machinery and equipment (including up to $25,000 on computers and related equipment) and loss of business income resulting from mechanical breakdown, electrical current or arcing or explosion of steam boilers.
EMPLOYEE BENEFITS
LIABILITY COVERAGE:
EMPLOYEE DISHONESTY:
Pays for direct physical loss
to business personal property and money and securities resulting from
dishonest acts of the insured's employees. EMPLOYEEE'S TOOLS COVERAGE: Covers employee's tools used in connection with the insured's automotive business for direct physical loss from the causes of loss selected, subject to a specific maximum. Additional limits are available. EQUIPMENT BREAKDOWN COVERAGE: Pays for direct damage to insured's machinery and equipment (including up to $25,000 on computers and related equipment) and loss of business income resulting from mechanical breakdown, electrical current or arcing or explosion of steam boilers.
EXTENDED REPLACEMENT COST COVERAGE:
Will pay for repair or replacement of the building or buildings at the
described premises when replacement cost exceeds the policy limit,
provided buildings are insured 100% of replacement cost and they accept
each annual adjustment in building limits, notify us within 90 days of
start of physical changes, additions, or remodeling. Does not apply to
Earthquake, outdoor sign, other outdoor property, or ordinance or law. EXTERIOR BUILDING GLASS COVERAGE: This endorsement to the Building and Personal Property Coverage provides for payment of loss or damage to glass that is part of the exterior of a covered building or structure. Lettering or ornamentation on the glass is included. The coverage will also pay expenses for temporary plates or boarding up of openings, replacement of frames and removing obstructions. There is no per pane limitation. The coverage is subject to a per occurrence deductible and the Building Limit of Insurance. If the building is not owned, but the insured is responsible for the exterior building glass, it is covered as part of the Business Personal Property Limit of Insurance. EXTRA EXPENSE COVERAGE: Covers necessary extra expenses incurred during the period of restoration to avoid or minimize the suspension of business and continue operations.
FALSE PRETENSE COVERAGE: Pays reasonable expenses as a result of someone causing the insured to voluntarily part with a covered auto by trick, scheme or under false pretenses, or the insured acquiring an auto from a seller who did not have legal title. Limit of $80,000 is included. FENCES AND WALLS COVERAGE: Adds coverage for fences and walls at the insured premises. FINE ARTS COVERAGE: Provides Special Form Coverage for loss or damage to fine art owned by the customer. Coverage is separately rated, based on value of the items. FIRE DEPARTMENT SERVICE CHARGE: Pays fire response charges levied for service provided by contract or agreement made before the covered loss. FIRE EXTINGUISHER RECHARGE COVERAGE: Pays for necessary cost to recharge or replace fire extinguishers used to extinguish a fire at the described premises.FIRE LEGAL LIABILITY: An insurance policy which protects the insured against liability incurred when the insured's negligent actions result in the destruction of property which is in the insured's care, custody or control. FOOD BORNE ILLNESS / BUSINESS INTERRUPTION COVERAGE: Available for all restaurants on Premier Package only. Provides coverage for loss of Business Income due to a media publication or announcement of food contamination at the insured's scheduled location restaurant if the insured is a non-franchised business. Or to a restaurant of the same trade name and operation if the insured is a franchisee. FORGERY & ALTERATION: Pays for loss directly resulting from forgery or alteration of, any check, draft, promissory note, bill of exchange or similar written promise of payment in money, that the insured or agent has issued. Also pays (with written consent of the company) for defense against suit for refusing to pay the instrument in question.
FUNCTIONAL BUILDING VALUATION ENDORSEMENT: Description of Coverage -
The Functional Building
Valuation Endorsement provides coverage for specifically scheduled
buildings, which can be replaced with similar property that performs the
same function as currently used but that is less costly.
Ordinance or Law Coverage is also provided. Coverage Example Assume the following:
Functional Building Valuation Limit of Insurance would be $1,230,000 ($1,000,000 + $30,000 + $200,000). When to use FBV Versus ACV Because of regional or local economic conditions it maybe be cheaper for the insured to “go down the street” and purchase a building similar to the one he currently occupies, than to replace his current building. In this case, FBV is the form to use.
How FBV differs from ACV
FUNCTIONAL PERSONAL PROPERTY VALUATION ENDORSEMENT:
Provides coverage for replacement of insured Business Personal Property
items with similar items when replacement with identical property is
impossible or unnecessary.| The limit of insurance for a scheduled item is the only limit of insurance applicable to the scheduled item. Coverage is applicable to items scheduled in the policy for the location indicated and Business Personal Property values should be reduced accordingly for that location. Coverage is designated by location/building in the Declarations. Functional replacement cost is the cost of replacing the damaged property with similar property that will perform the same function but may not be identical to the damaged property.
GARAGE COVERAGE FORM: A commercial automobile insurance coverage form used to insure automobile dealers, repair shops, service stations, and garage risks. Garage liability, garagekeepers coverage, and physical damage coverages may be included. GARAGEKEEPERS LIABILITY: Provides coverage for physical damage to customer's vehicles while in the insured's care, custody or control. Coverage is provided on a Direct Primary basis without regard to legal liability for the loss, and is the broadest form of Garagekeepers Coverage. GLASS / BUILDING GLASS COVERAGE: Pays for direct physical loss of, or damage to glass, including lettering or ornamentation, that is part of the exterior of a covered building or structure at the described premises. Covers necessary expenses to put up temporary plates or board up openings, repair or replace encasing frames, and remove or replace obstructions. GLASS DEDUCTIBLE BUY BACK COVERAGE: This gives the option to reduce glass damage deductible from the policy deductible to $100.
HIRED AUTOS SPECIFIED AS COVERED AUTOS YOU OWN: This endorsement covers liability arising from autos the insured hires, borrows or leases, as if it were owned by the insured, if scheduled on the endorsement. The owner or anyone else from whom it is rented or leased is also considered as an insured.
HIRED NON/OWNED AUTO
LIABILITY: HOST LIQUOR LIABILITY: Provides liability coverage arising out of the incidental serving of alcohol by an insured who is not in the business of serving alcohol.
INCREASED COST OF CONSTRUCTION: Provides coverage for increased costs incurred to comply with enforcement of an ordinance or law in the course of repair, rebuilding or replacement of damaged pars of the property. Applies only in buildings are insured on a replacement cost basis. INDIVIDUAL AS NAMED INSURED: When the policy covers individually owned autos, this endorsement should be attached. It deletes the exclusion in the policy for family members of the insured. When the named insured is an individual, it broadens the "who is an insured" provision to provide drive other car coverage for the named insured, spouse and family members who are residents of the household, at no additional charge. DEALERSHIP INSURANCE AGENTS ERRORS AND OMISSIONS: Pays on behalf of the insured up a per claim limit of $100,000 for the liability they assume in their duties as an insurance agent when offering insurance to their customers. There is a $100,000 Annual Aggregate Limit of Insurance. Coverage is only available on a claims made basis and is subject to a $1,000 deductible per claim. The E9103, Extended Reporting Period Endorsement, can be added which would extend by 12 months the period for reporting claims arising from an occurrence taking place after the Retroactive Date but prior to the expiration date shown, for claims first reported to the Company.
LIMITED COLLAPSE OR WATER DAMAGE COVERAGE: Covers direct physical loss or damage to Covered Property caused by collapse or a building or any port of the insured building due to specified causes of loss stated in the coverage form. LIQUOR LIABILITY: Covers the amount the insured is legally obligated to pay as damages for injury due to the selling, serving or furnishing of any alcoholic beverage (subject to policy exclusions). LOCK REPLACEMENT COVERAGE: Pays reasonable cost of necessary repair or replacement of lacks or tumblers at the described location when the door key is lost due to covered theft.
MASTER KEY COVERAGE: Pays for the necessary replacement of locks and keys when a master key is lost or stolen. Pays $100 per lock up to the occurrence limit. MECHANICAL & EQUIPMENT BREAKDOWN COVERAGE: Pays for direct damage to insured's machinery and equipment resulting from mechanical breakdown, electrical current or arching or explosion of steam boilers. Also covers loss of business income resulting from equipment damage. Coverage is automatically included with the purchase of the Premier Endorsement. MEDICAL PAYMENTS: Pays reasonable medical expenses of persons other than employees, owners and officers, for injuries sustained on the insured premises. MONEY & SECURITIES INSIDE/OUTSIDE: Pays for loss due to theft, disappearance or destruction of insured's money and securities on premises, in a bank or savings institution, in the insured's living quarters, or the living quarters of partners or employees having use and custody, or in transit between any of the above. MONEY ORDERS & COUNTERFEIT PAPER CURRENCY COVERAGE: Pays for loss due to the good faith acceptance of money orders not paid upon presentation to the issuer and for counterfeit paper currency which was received as part of normal business operations.
NEWLY ACQUIRED BUILDINGS: Extents automatic coverage for up to 30 days for buildings acquired at other location that are intended for uses similar to that of the described building or premises or which are intended to be used as a warehouse. It also automatically applies to new buildings while being built on the described premises. NEWLY ACQUIRED OR CONSTRUCTED BUILDINGS: Covers new buildings being constructed on the described premises, or to buildings acquired at a new location if intended for similar use, or use as a warehouse. NEWLY ACQUIRED OR CONSTRUCTED PROPERTY: Extends automatic coverage for up to 60 days for buildings acquired at other locations that are intended for uses similar to that of the described building or premises or which are intended to be used as a warehouse. It also automatically applies to new buildings while being built on the described premises. NEWLY ACQUIRED BUSINESS PERSONAL PROPERTY: Up to $100,000 for Primary and $250,000 for Premier, Business Personal Property coverage may be extended to apply to the property at any premises the insured acquires. The coverage ends when any of the following first occurs:
NEWLY ACQUIRED ORGANIZATIONS: Makes a Named Insured any organization the insure acquires or forms. Coverage is afforded for no more than 90 days after acquisition or formation.
ODOMETER LIABILITY: Pays on behalf of the insured up to an annual aggregate limit and per occurrence limit of $100,000 for the liability the insured may incur because of failure to comply with the Federal Odometer Requirements of the Motor Vehicle Information and Cost Savings Act. A $1,000 deductible applies to each occurrence. ORDINANCE OR LAW COVERAGE: Three separate coverages are provided with this endorsement.
OUTDOOR FENCES AND WALLS: Pays for direct physical loss or damage to outdoor fences and walls.
OUTDOOR PROPERTY COVERAGE:
Extends coverage to apply to outdoor fences, radio and television
antenna (including satellite dishes), signs not attached to buildings,
trees, shrubs and plants, including debris removal expense, due to Fire,
Lightening, Explosion, Riot or Civil Commotion, or Aircraft. OWNED AUTO COVERAGE: Provides coverage for owned automobiles which are used in the business. The form provides bodily injury and property damage liability, medical payments, personal injury protection, uninsured/underinsured motorist coverage and physical damage coverages.
PARKING AREA LIABILITY: Covers the insured’s legal liability that arises from bodily injury or property damage caused by an occurrence in the parking area on premises you own or rent. PERISHABLE GOODS COVERAGE: Pays for loss of perishable goods due to spoilage resulting from an accident to covered property up to $25,000 per accident.
PERSONAL EFFECTS COVERAGE:
PERSONAL INJURY PROTECTION: Provides No Fault medical, disability, and loss of income coverage in accordance with State statutory provisions. PERSONAL INJURY / ADVERTISING LIABILITY: This form provides coverage for all sums which the insured is legally obligated to pay as damages caused by:
Coverage is written for $500,000, $1,000,000, $2,000,000 Combined Single Limit of Liability per occurrence. The aggregate limit applies to Products/Completed Operations losses. PERSONAL PROPERTY OFF PREMISES COVERAGE: Extends insurance that applies to Business Personal Property to covered Business Personal Property other than Money and Securities, Valuable Papers and Records, or Accounts Receivable, while in course of transit or temporarily at a premises not owned, leased or operated by the insured. POLLUTANT CLEAN UP & REMOVAL: Provides limited coverage of costs to extract pollutants from land or water at the insured’s premises, due to a covered loss. PREMISES BOUNDARY: Covers materials, equipment, supplies and temporary structures, within the designated number of feet of the described premises, used for making additions, alterations or repairs to the buildings or structures. PREMISE BURGLARY: Covers property other than money and securities against burglary or robbery of a "watchperson" inside the premises of the insured. A coverage extension pays for loss from damage to the premises or its exterior resulting directly from the Covered Causes of Loss. Watchperson means any person you retain specifically to have care and custody of property inside the premises and who has no other duties. For coverage to apply to property in outside containers, refer to CR 15 07. PREMISES THEFT AND ROBBERY OUTSIDE: Covers property other than money and securities on premises for theft, and outside the premises for robbery of the insured or the insured's messenger. For coverage to apply to property in outside containers, refer to CR 15 07.
PREMISES & OPERATIONS AND PRODUCTS & COMPLETED OPERATIONS:
Pays for Bodily Injury or Property Damage for which the Insured becomes
obligated to pay as a result of the operation of the business and of any
product produced or work that is performed. This excludes vehicle
liability. The annual aggregate limit for Premises/Operations is twice the occurrence limit. The annual aggregate limit for Products/Completed Operations is the same as the occurrence limit, except Artisan Contractor and Auto Service & Repair BOP, for which it is twice the occurrence limit. This form provides coverage for all sums which the insured is legally obligated to pay as damages caused by: Bodily Injury PRINTERS ERRORS & OMISSIONS: Pays the amount the insured is obligated to pay as a result of misprinting documents submitted to the insured for professional printing services. We require the insured to have a pre-approved procedure in place to minimize chance of loss under this coverage. (Manufacturing) PRODUCT DEFICIENCY LIABILITY (LEMON LAW): Pays on behalf of the insured all legal expenses and satisfies all judgments up to a per occurrence limit and annual aggregate of $100,000 for the repair or replacement cost of any new motor vehicle which the insured becomes legally obligated to pay as damages because of a lawsuit alleging the insured's inability to service or repair a nonconformity in a new motor vehicle to conform to applicable express warranties as prescribed by the law of the state in which the insured does business. PRODUCT LIABILITY EXCLUSION ENDORSEMENT: Allows products and completion operation liability occurrences to be excluded from coverage under the Business Owners Liability policy form. PRODUCT RECALL AND REPLACEMENT COVERAGE: Pays for necessary expenses incurred in withdrawing or recalling insured's product from the market or from use because of a known or suspected defect that could reasonably be expected to cause Bodily Injury, Property Damage, Personal Injury, or Advertising Injury.
REASONABLE EXPENSES: Provides up to $250 a day for reasonable expenses, including loss of earnings because of time off work, incurred as a result of assisting Farmers in the investigation or defense of a claim or suit. REPLACEMENT COST: Covered property will be valued at replacement cost without deduction for depreciation if the limit of insurance on the loss or damaged property is 80% or more of the full replacement cost before the loss. Payment will not, however, exceed the limit of insurance that applies to the lost or damaged property. ROBBERY & SAFE BURGLARY: Covers property other than money and securities against robbery and safe burglary inside the premises and also outside the premises while in the care of the insured or the insured's messengers. ROBBERY & SAFE BURGLARY - MONEY & SECURITIES: Covers money and securities against robbery and safe burglary.
SEASONAL AUTOMATIC INCREASE - BPP:
Adjusts the coverage limit to cover seasonal variation in the value of
business personal property, provided Business Personal Property in the
Declarations is at least 100% of average monthly values during the
lesser of: SPECIFIED PROPERTY: Pays for direct physical loss or damage to fences, walls, walks, driveways and pools at the described premises. SPOILAGE COVERAGE: Pays for damage to insured's personal property (normally food) due to mechanical breakdown or failure of refrigerating equipment, contamination by refrigerant or power outages beyond insured's control.
TENANT'S IMPROVEMENTS & BETTERMENTS: This coverage is provided automatically by the BOP policy under the Business Personal Property limit, provided the limit includes the amount necessary to cover the tenant's improvements and betterments. However, the tenant insured may elect to cover up to $500,000 of such improvements and betterments under a separate limit on the declarations page, and by doing so, benefit from a lower rate based upon the building rate rather than the BPP rate. TENANT'S INTERIOR GLASS: Pays for direct physical loss or damage to glass permanently affixed to interior walls, floors or ceilings of a covered building or structure or building or structure in a tenants care, custody or control.
TENANT'S EXTERIOR GLASS:
Coverage may be provided for both exterior grade floor and semi-exterior
glass which are the property of others in the care, custody or control
of the insured while on the insured premises and all lettering or
ornamentation thereon. TENANTS LIABILITY COVERAGE: This option may be selected to provide increased coverage for liability arising from the insured's negligence as a tenant causing building loss or damage. The limit of $100,000 may be increased up to $1,000,000, however may not be higher than the premises liability limit. Coverage is designated in the Declarations as applicable to all locations. TENANTS MOVE BACK COVERAGE: Will pay for expenses the insured incurs to move displaced tenants back to the Described Premises after completion of repairs made necessary due to a covered loss. THEFT, DISAPPEARANCE & DESTRUCTION - MONEY & SECURITIES: Covers money and securities against theft, disappearance and destruction.
THEFT LIMITATION BULLION/PRECIOUS METALS:
Pays for loss or damage by theft for bullion, gold, silver, platinum and
other precious alloys or metals. The Primary Package provides $2,500 for
theft of bullion, gold, silver, platinum and other precious alloys or
metals. THEFT LIMITATION PATTERNS & DIES: This coverage pays for loss or damage by theft for patterns, dies, molds and forms. The Primary Package provides $2,500 for theft of Pattern and Dies. The Premier Package removes the limitation. The Primary coverage and limit is provided in the Businessowners Special Property Coverage Form, BP 00 02. The Premier Package Endorsement, E3059, removes the limitation of coverage for theft of Pattern & Dies. (Manufacturing) TITLE ERRORS AND OMISSIONS LIABILITY: Pays on behalf of the insured up to a maximum per occurrence and annual aggregate of $50,000 which the insured shall become legally obligated to pay arising from claims made against the insured for any negligent act, error or omission committed by the insured in failing to correctly or properly specify, on title papers, the mortgagee or "legal owner". This coverage would pay damages resulting from the purchaser either selling or transferring title or refusing to relinquish title resulting in financial loss to the mortgagee or legal owner. A $1,000 deductible applies to each occurrence. TRANSPORTATION COVERAGE: Pays for the direct physical loss of or damage to Covered Property from any covered cause of loss, including an accident, while in the insured's custody or in the custody of a common or contract carrier. Applies while such property is in transit from the point of shipment to its destination and while located on docks, wharves, piers, bulkheads, depots or stations. TREES, SHRUBS & PLANTS: Adds coverage for outdoor trees, shrubs and plants at the insured premises. TRUTH IN LENDING - ERRORS & OMISSIONS: Pays on behalf of the insured up to an annual aggregate limit of $100,000 and a per occurrence limit of $100,000 for the liability the insured may incur because of the failure to comply with the Consumer Credit Protection Act. A $1,000 deductible applies per occurrence.
UMBRELLA LIABILITY POLICY: A coverage basically affording high limit coverage in excess of the limits of the primary policies as well as additional liability coverages. The term "umbrella" is derived from the fact that it is a separate policy over and above any other basic liability policies the insured may have.
UNINSURED
MOTORIST / UNDERINSURED MOTORIST (UM / UIM) UTILITY SERVICES - BUSINESS INTERRUPTION: An optional coverage on the Primary policy, or $10,000 included on the Premier. Pays for loss of Business Income or Extra Expense caused by the interruption of power (property supplying electricity steam or gas) or communication (property supplying communication services including telephones, radio, microwave or television) services to the described premises. The interruption must result from direct physical loss or damage to the off premises supply property. Subject to an eight hour deductible. UTILITY SERVICES – TIME ELEMENT: Pays for loss of Business Income or Extra Expense caused by the interruption of power (property supplying electricity steam or gas) or communication (property supplying communication services including telephones, radio, microwave or television) services to the described premises. The interruption must result from direct physical loss or damage to the off premises supply property. Subject to an eight hour deductible. UTILITY SERVICE – DIRECT DAMAGE: This optional endorsement provides coverage for loss or damage to Business Personal Property that occurs form loss of water, communication or electric utility service due to physical damage to the utility from a covered cause of loss including transmission lines. The coverage is subject to the basic or Optional property deductible, reflected on the Declarations.
VALUABLE PAPERS & RECORDS: Pays direct physical loss or damage to valuable papers and records caused by, or resulting from a covered cause of loss. Includes cost to research lost information on valuable papers and records for which duplicates do not exist. Coverage is limited to $2,500 on valuable papers and records not at the described premises.
WAIVER OF SUBROGATION: This endorsement provides for a waiver of subrogation for Liability Coverage for the person(s) or organization named in the endorsement. WAIVER OR TRANSFER OF RIGHTS OF RECOVERY OF OTHERS TO US: This form waives the transfer of recovery rights form the insured to the insurance company For liability losses paid if agreed to prior to the time of loss. This optional form must be requested by the insured.
Farmers...Gets you back where you belong.
Serving all of the Utah with our office
location at Salt Lake County Call (801) 501-8470
Click here for map of this location
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