Businessowners' Appetite Guide
Coverage Highlights
  • Personal Property Off-Premises: $15K
  • $15M Total Insured Value (TIV) for the entire account and $7.5M location TIV
  • EPL available except for franchises, lawyers, and employee management risks
  • Business must close by 1 a.m.
  • Loss History: max three claims in the past five years, total incurred less than $20K (CAT not included) 

MONOLINE GENERAL LIABILITY OVERVIEW
  • Coverage for claims of bodily injury, associated medical costs, and damage to property on or off-premises
  • Covers liability for property damage or bodily injury to third parties
  • Covers employees and temporary staff
  • Up to $2M occurrence limit online, $5M via phone
  • Defense costs outside the limit
  • No deductible
  • Work from home discounts available ○ Subject to minimum premium
  • $500 minimum premium for Retail, Landscape, Janitorial, and Artisan Contractors

COVERAGE DETAILS
  • Automatic Renewal
  • Admitted, ISO-based forms
  • Automatic Blanket AI included at no charge ○ Blanket AI coverage ends once an operation is completed or a lease agreement ends

OPTIONAL ADD ON: BUSINESS PROPERTY AND EQUIPMENT COVERAGE, BPP
  • Covers loss or damage to computer equipment or contents
  • Up to $25K coverage limit, offered in $5K increments
  • Off-premises sublimit is $2.5K for all professions, except Mobile Food Services is $25K
  • Coverage starts at $90 a year for $5K in coverage; $500 deductible
Target Classes
  • Architecture and Engineering
  • Consulting
  • Artisan Contractors
  • Creative and Design
  • Financial Services
  • Health, Beauty, and Fitness
  • Janitorial Services
  • Landscaping
  • Legal
  • Marketing and Public Relations
  • Miscellaneous Business Services
  • Real Estate
  • Retail
  • Technology
ARTISAN CONTRACTORS
  • Payroll up to $1M, revenue up to $2M are eligible
  • Up to 30% of subcontracted costs are eligible
  • Ineligible: applicants performing work in the five boroughs of New York City, Long Island, or counties of Nassau, Suffolk and Westchester
  • Ineligible: general contractors, roofers, and handypersons

PROFESSIONAL SERVICES (OFFICES)
  • Offices and office condominiums six stories or less are eligible when seeking building coverage
  • If the applicant is a tenant there are no building height restrictions as long as the building is sprinklered
  • Applicants must be fully sprinklered with two means of egress
  • Ineligible: Property management, property development firms, and engineers or architects performing any build or project management services

MERCANTILE / RETAIL AND WHOLESALE DISTRIBUTORS
  • Applicants with more than $500K in contents and inventory need a central alarm system
  • Ineligible: supermarkets, convenience stores, selfstorage, pawnshops, tobacconists, adult-themed businesses, business selling repackaged, relabeled, or private-label products, and businesses with >75% of revenue coming from online sales

RESTAURANTS
  • Applicants with locations up to 10K square feet are eligible
  • Annual sales of up to $10M per account and up to $5M per location are eligible
  • Applicants must be continuously in business and with no insurance cancellation or nonrenewals for a period of at least three years prior to inception
  • Liquor Liability is available for fine dining (up to 75%) and casual dining (up to 50%)
  • Up to 20% of catering is permissible
  • Hired and Non-Owned Auto (HNOA) is available to restaurants who do not provide delivery
  • Ineligible: applicants with dance floors, bars or taverns, and live entertainment

PROCESSING AND SERVICE
  • Applicants with more than $500K in contents and inventory need a central alarm system
  • Ineligible: spas, schools, massage parlors, bodywork services, tanning salons, tattoo parlors, and waxing services (behind screens, curtains, or closed doors)

LESSOR'S RISK
  • All tenants must be BOP eligible
  • Must be less than 50K square feet with a Total Insurable Value (building limit) under $7.5M
  • Owners must occupy less than 10% of the building
  • Tenant vacancy cannot exceed more than 60 days
QUESTIONS?

Ariana Ramos
SVP | Business Development
(phone) 617-614-1216
(fax) 617-243-7516

Telamon is an experienced Broker with strong carrier relationships throughout the US. We have broad access to both admitted and non-admitted markets and are dedicated to finding your clients coverage- no matter the risk.
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