Businessowners' Appetite Guide
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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
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- Architecture and Engineering
- Consulting
- Artisan Contractors
- Creative and Design
- Financial Services
- Health, Beauty, and Fitness
- Janitorial Services
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- Landscaping
- Legal
- Marketing and Public Relations
- Miscellaneous Business Services
- Real Estate
- Retail
- Technology
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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
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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
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Ariana Ramos
SVP | Business Development
(phone) 617-614-1216
(fax) 617-243-7516
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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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