Buisnessowners Policy

Question 1

Purpose and Eligibility:
- small to medium-sized businesses
- fewer than 100 employees
- less than $5 million in annual revenue
- operates in a low risk industry
- has a small office, workplace, or other premises.

Answer 1

Business Owners Eligibility

Question 2

Purpose and Eligibility:
Protects business owners against property damage, perils, business interruption, and liability.

Answer 2

Purpose

Question 3

Purpose and Eligibility:
What are some types of eligible businesses?

Answer 3

• restaurants
• office buildings
• contractors
• apartment buildings
• condo commercial unitowners
• motels
• processing and service risks
• convenience stores, grocery, etc.
• self storage facilities
• wholesalers

Question 4

Businessowners Coverage Forms:
What are the 3 Businessowners Coverage Forms?

Answer 4

1. Property
2. Liability
3. Common Policy Conditions