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Buildings and Personal Property
Building coverage provides protection for permanent structures listed
on the policy and also permanently installed fixtures, machinery
and equipment. Personal property owned by your firm and used in
your operations can also be covered. Furniture and fixtures, equipment
and machinery, raw stock, and finished goods all fall within this
category.
Personal property of others, while located in your covered building
or within 100 feet of the premises, can also be insured. Contents
located off premises are not covered and must be insured by alternate
methods.
Time Element
Time element coverage is for loss of business income and the extra
expenses incurred from a covered loss. In addition to direct loss
or damage to your property, loss can occur as a consequence of the
direct damage. Such indirect losses are financial in nature and
result from the loss of use of the property directly damaged. Several
types of coverage have been developed to address these indirect
loss exposures.
General Liability
This coverage protects your business against claims arising from
alleged bodily injury, personal injury, or property damage liability.
It includes protection for services you render or products you sell.
Coverage payments can include judgments, attorney fees, court costs,
or other related expenses.
Automobile
This policy can provide a combination of liability protection and
physical damage coverage for loss due to damage to vehicles owned,
maintained or used by you. Additional coverage such as medical payments
and uninsured motorist protection can be purchased to "customize"
the policy to fit your business.
Umbrella
This policy provides protection against catastrophic liability claims.
The policy acts as an excess coverage over your primary liability
policies. Its limits apply in addition to that provided by the underlying
coverage.
Workers' Compensation
State law requires that employers provide workers' compensation
insurance for their employees. This insurance provides coverage
for accidents or disease arising from employment as prescribed by
these state laws. Benefits can include lost wages, medical expenses,
and permanent disfigurement/disability payments.
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