Coverage Descriptions
Property Coverage
Provides coverage for direct physical loss or damage to the store or its contents. In addition, the policy covers Equipment Breakdown Coverage, Property in Transit, Business Personal Property of Others, Property Off Premises, Accounts Receivable and Valuable Papers. Optional coverages include: Employee Dishonesty, Money and Securities, Glass, and Computer.
General Liability
This coverage provides various limits of liability for the store owners, and its employees. Coverage includes bodily injury and property damage, personal and advertising injury as well as miscellaneous medical payments to others.
Workers' Compensation
Provides coverage for employees and owners in certain states for on-the-job injuries. This coverage applies regardless of fault and is written to follow individual state laws. Coverage is provided for medical expenses and lost wages. There are five states which are known as monopolistic states. These states are North Dakota, West Virginia, Ohio, Washington, and Wyoming. If you reside in these states, you must purchase your workers' compensation through the state.
Business Auto
Liability and physical damage coverage is provided for business autos. Various limits for liability coverage and deductible levels on physical damage are available.
Umbrella Liability
Excess liability coverage above the basic liability limits to cover large claims that exhaust the underlying liability limits. Limits up to $5,000,000 can be purchased.
Printers E&O
Printers Errors and Omissions Liability coverage pays those sums you become legally obligated to pay as a result of an error or omission you may commit in the course of providing printing services to others. "Printing services" means those activities which are usual to the mechanical or technical work of producing, reproducing, or distributing printed material or illustrations, but not including distribution of those materials or illustrations to others electronically.
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