This program is designed for building owners renting the premises to one of over 100 Businessowners eligible mercantile operations, including building with apartments and/or offices. This product targets applicants seeking to cover a Lessor’s risk exposure. Buildings are not required to be 100% leased.
Coverage Features:
- Businessowners Policy Form
- General Liability that expands the definition of Bodily Injury to include Mental Anguish and Emotional Distress with no deductible
- Monoline General Liability coverage available with no restriction on tenant operation if other than a Nursing Home, Assisted Living or Health Care Facility
- Monoline Property coverage available
- Credits available for applicants requiring commercial tenants to name applicant as an additional insured
- Non-Owned & Hired Auto Liability coverage available
- No Coinsurance Clause on the property coverage
- Loss of Income on an Actual Loss Sustained basis
- No Classification Limitation Endorsement
- Equipment Breakdown Coverage Available
- Value Plus Endorsement available with 13 valuable coverage enhancements
Please Note: coverages may vary according to class of risk and market conditions