Professional Office
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.
• 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, 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 TENANTS’ 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.
