Walterry Insurance: Business Owners' Policy All insurance programs must start with coverage for Property and Liability. This is normally accomplished with the purchase of a Business Owners' Policy commonly referred to as a BOP. Over the years this policy has been packed with special coverages. The Hartford Insurance Group and Walterry Insurance Brokers have gone one step further with The Hartford's Spectrum, The Hartford's signature Business Owners' Policy. This policy not only covers Property and Liability, but also includes Business Interruption, Equipment Breakdown and Employment Practices Liability. A special package of industry-tailored coverages such as computers and media, including laptops away from premises, employee dishonesty, property of others in your care or custody and property in transit also has been added. A limited amount of Employment Practices Liability is included in those states where approved. Additional limits up to $1 million can be purchased at a reasonable cost. The policy can be further enhanced with the addition of a Super Stretch. See below for a comparison of The Hartford's Spectrum including Stretch versus the Super Stretch.   SPECTRUM including STRETCH Coverage Features The Hartford   Property   Accounts Receivable $25,000 Appurtenant Buildings 10% of Building limit up to $50,000 Arson Reward $10,000 Backup of Sewers and Drains Included Brands and Labels Included Business Income at Newly Acquired Premises $250,000 Business Income from Off Premises Services $25,000 Claims Expense $5,000 Coinsurance Clause None Computers and Media/Data $10,000 Consequential Loss to Stock Included Debris Removal $25,000 Employee dishonesty including ERISA $10,000 Equipment Breakdown Personal property limit Extended Business Income 30 Days Extra Expense Yes Fire Department Service Charge $2,500 Fire Equipment Recharge $2,500 Fine Arts $10,000 Forgery and Alteration $10,000 Increased Cost of Construction-Building $10,000 Money and Securities $10,000 On Premises   $5,000 Off Premises Newly Acquired Property Building $1,000,000   Personal Property $500,000   Period - 90 Days Business Income Interruption Actual Loss Sustained Off-Premises Services-Direct Damage $10,000 Outdoor Property $1,000/$10,000 Outdoor Signs Included Personal Effects $10,000 Personal Property of Others $10,000 Property Off Premises  including Exhibitions and Transit $15,000 Replacement Cost Standard Salesperson's Samples $1,000 Temperature Change $10,000 Tenant's Glass $25,000 Theft Damage to Building (Tenant) Yes Valuable Papers $25,000 Valuable Changes Included   Liability   Property Damage to Borrowed Equipment Yes Fire Legal Liability $300,000 Medical Payments $10,000 Additional Insured-Required by  Contract, Agreement or Permit.     No Reporting Requirements Yes   No Additional Charge Yes Additional Insureds-Broad Form Vendors  Required by Contract or Agreement Yes Additional Named Insureds-Volunteers Conditions Yes Unintentional Failure to Disclose Hazards Yes Duties in the Event of Occurrence yes Other Insurance Yes   Super Stretch Coverage Limits Accounts Receivable Computers and Media/Data Debris Removal Property Of Others Valuable Papers Temperature Change A Blanket Limit of $150,000 at each Described Location for These Coverages. Backup of Sewers/Drains Included Brands & Labels Included Business Income at newly Acquired Premises $250,000 Business Income from Off-Premises Services $25,000 Business Income from Dependent Properties $25,000 Claims Expense $5,000 Consequential Loss to Stock Included Employee Dishonesty including ERISA $25,000 Fine Arts $25,000 Forgery $25,000 Increase Cost of Building Construction $25,000 Laptop Computers (Worldwide) $10,000 Newly Constructed/Acquired Buildings $1,000,000 Newly Constructed/Acquired Business  Personal Property $500,000 Off Premises Services-Direct Damage $25,000 Outdoor Property $1,000/$2,500 Outdoor Signs All Personal Effects $10,000 Property at Other Premises $10,000 Property Off Premises $25,000 Salespersons' Samples $5,000 Tenants Improvements for  Increased Construction Costs $20,000 Tenants Building by Lease $20,000 Transit Coverage $10,000 Valuation Changes Included Website Business Income $50,000/7 Day Copyright © 2005 Walterry Insurance Brokers [ Forms ] [ Contact Us ] [ Privacy Policy ] [ Home ]