Coterie Insurance Business Owner Policy Product Highlights for Agents and Brokers

Our BOP bundles property and liability coverages for a broad number of small businesses. Our endorsement packages allow this coverage to be tailored to the needs of each specific business.

CriteriaQualification
RevenueUp to $10M ($5M for Contractors)
EmployeesUp to 50 (15 for Contractors)
Building Coverages(Total Insured Value) Up to $1M
Business Property(Total Insured Value) Up to $500k

Bop Section I – Property Highlights:

Special Causes of Loss Form BP 00 03

Replacement Cost Valuation on Building and Business Personal Property Business Interruption (BI) on Actual Loss Sustained (ALS) Basis
80% Coinsurance Applies

Coverages Included in Coterie’s Base Policy

Accounts Receivable On/Off Premises ($10,000/$5,000)*Interruption of Computer Operations ($10,000)
Business Income from Dependent Properties ($5,000)Money and Securities On/Off Premises ($5,000)
Business Personal Property Temporarily in Storage Units ($10,000)Newly Acquired or Constructed Property ($250,000)*
Civil Authority (Als-4 Weeks) Electronic Data ($10,000)Outdoor Property ($2,500)* Outdoor Signs ($1,000)*
Fire Department Service Charge ($2,500)Personal Effects ($2,500)*
Fire Extinguisher Systems Recharge Expense ($5,000)Personal Property Off-Premises or In Transit ($10,000-Does Not Include Contractor Tools)*
Forgery or Alteration ($2,500)*Preservation of Property ($5,000)
Increased Cost of Construction ($10,000)*Valuable Papers and Records On/Off Premises ($10,000/$5,000)*

*Increased Limits are Available for these Coverages

Additional Coverage Extensions and Limits are Available (Or Coming Soon!)

Bi for Web SitesEquipment BreakdownPairs and Sets
Bi Daily Limit OptionsFine ArtsRestaurant Enhancement
Brands and LabelsIncreased Limit for Contractor ToolsSalespersons’ Samples
Claims ExpensesLaptop Computers (Worldwide)Sewer Backup/Sump Overflow
Computer FraudOff-Premises Utility Svcs. (Incl. BI)Unauthorized Business Card Use
Employee Dishonesty

Bop Section II – Liability Highlights:

Coverages Included in Coterie’s Base Policy

Liability and Medical Expenses (Per Occurrence Limit) – Up to $1M
This is the most the carrier will pay in any one occurrence, for covered damages the insured is legally obligated to pay, because of bodily injury, property damage, and personal/advertising injury.

Damage to Premises Rented By You (Any One Premises) – $1,000,000
This is the most the carrier will pay for fire damage to premises rented to or temporarily occupied by the insured.

Medical Expenses (Per Person) – $5,000
This is the most the carrier will pay, regardless of fault, to any one person for medical expenses from accidental bodily injury caused by your business activities

Products/Completed Operations (Aggregate) – Up to $2M
This equals two times the Liability and Medical Expenses Limit and is the most the carrier will pay within the policy period for covered bodily injury or property damage from Products or Completed Operations hazards.

Other Than Products/Completed Operations (Aggregate) – Up to $2M
This equals two times the Liability and Medical Expenses Limit and is the most the carrier will
pay within the policy period for all other covered bodily injury, property damage or medical expenses.

Additional Coverage Extensions and Limits Available (or Coming Soon!)

Blanket Additional Insured
Employment Practices Liability
Hired Auto and Non-Owned Auto Liability
Liquor Liability
Primary and Non-Contributory – Other Insurance Condition Unmanned Aircraft/Drone Coverage
Waiver of Subrogation
Restaurants – Incl. Spoilage And Food Contamination Higher Limits to Damage to Premises Rented By You

Limit Options

DescriptionAvailable Limits
Liability and Medical Expenses$300,000/$500,000/$1,000,000
Damage to Premises Rented By You$1,000,000
Medical Expenses$5,000
Products/Completed Operations Aggregate2x Liability and Medical Expenses Limit
Other than Products/Completed Operations Aggregate2x Liability and Medical Expenses Limit

Mandatory Countrywide BOP Policy Forms

BP 00 03 07 13Business owners Coverage Form (Except in Fl 01 06 Version)
BP 04 39 07 02Abuse or Molestation Exclusion
BP 05 98 07 13Amendment of Insured Contract Definition
BP 14 91 07 13Amendment of Personal and Advertising Injury Definition
BP 05 01 07 02Calculation of Premium
BP 15 32 09 19Cannabis Exclusion (Liability)
BP 05 23 01 15

Cap on Losses From Certified Acts of Terrorism
BP 14 86 07 13

Communicable Disease Exclusion
BP 05 15 12 20Disclosure Pursuant to Terrorism Risk Insurance Act
BP 04 17 01 10Employment-Related Practices Exclusion
BP 15 04 05 14Exclusion – Access or Disclosure of Confidential or Personal Information
BP 14 19 01 10Exclusion – Damage to Work Performed by Subcontractors
BP 14 08 01 10Exclusion – Exterior Insulation and Finish Systems
BP 05 17 01 06Exclusion – Silica or Silica-Related Dust
BP 15 11 12 16Exclusion – Unmanned Aircraft
BP 05 77 01 06Fungi or Bacteria Exclusion (Liability)
BP 04 92 07 02Total Pollution Exclusion

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