SUPERIOR BOP PLAN - Sample Quote
Available: Connecticut, Illinois, Ohio, New York
Property Limits may be as much as $5,000,000 "Per Location"
Liability Limits up to $2,000,000 / $4,000,000 considered.
These unusual BOP Limits may eliminate the need for obtaining an Excess Liability Policy. (Although we have middle market Prompt Excess Liability or Umbrella Liability policy with additional limits up to $5,000,000; higher limits are also available in our Diligent program. It is underwritten quickly using our Automated, "Prompt Quote, Bind, Issue" Program with Generous Commissions.)
Superior BOP Insurance Company Rated: "A" by A.M. Best
Substantial Commissions and Personalized Service.
Example of BOP Low Cost Quote (Actually written):
Business Type: Tailoring and Dress Making Establishment and Alterations
NY Policy Premium: $500 plus taxes surcharges 6.25 = $506.25
Note: Most issued policies are true middle market insureds. This is a minimum premium policy, used to emphasize the low cost for liability and the long menu of additional coverages generally available.
Example Basic Coverages Common Limits of Insurance
(Refer to policy declarations for policy limits)
Liability Limit: $1,000,000 per Occurrence
Medical Expense: $10,000 per person
Damages to Premises Rented To You: $50,000 Any One Premises
Aggregate Other Than Products / Completed Operations: $2,000,000
Aggregate Products / Completed Operations: $2,000,000
Two locations (Minimum property coverages in this example. Maximum coverages would be $5,000,000 per each location.)
Location 1: Business Personal Property $3,000
Location 2: Business Personal Property $2,000
Additional Coverage Extensions:
Coverages
1. Accounts Receivable On Premises $10,000
Off Premises $5,000
2. Additional Debris Removal $25,000
3. Appurtenant Structures $15,000
4. Bail Bonds $1,000
5. Business Income From Dependent Properties $10,000
6. Business Income Ordinary Payroll 60 Days following loss
7. Computer Fraud $5,000
8. Computer Interrruption $10,000
9. Crisis Containment $2,000
10. Electronic Data $15,000
11. Employee Dishonesty $25,000
12. Fire Department Service Charge $25,000
13. Fire Extinguisher Recharge $10,000
14. Forgery or Alteration $2,500
15. Fungi, Dry Rot, Bacteria $15,000
16. Increased Cost of Construction $25,000
17. Interruption of Computer Operations $15,000
18. Lock and Key Replacement $2,000
19. Lost Wages - Claims Investigation $250 per day
20. Money and Securities On premises $5,000
Off premises $2,000
21. Money orders and Counterfeit Money $2,000
22. Newly Acquired Property Building $500,000
Personal Property $250,000
23. Outdoor Property $2,500 ($500 any one plant)
24. Outdoor Signs $15,000
25. Personal Effects $10,000
26. Personal Property Off Premises $10,000
27. Pollution Clean-up $25,000
28. Valuable Papers On premises $10,000
Off premises $5,000
29. Water Back Up $2,000
Sublimit: Earthquake and Volcanic Eruption $2,000 (One location only with 5% deductible. )
Terrorism Risk Insurance Act Coverage Included
Property Deductible $500
Optional Coverage / Glass Deductible $500
This information is only to provide brokers with a general idea as to what types of additional coverages may be included in the BOP automatically.
For additional information, Contact:
Vice President
Cover Agency, Ltd
7 Days: (347) 886-9778
Office: (718) 591-2400
Offices:
179-14 Union Turnpike
Flushing, NY 11366