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.
| Criteria | Qualification |
|---|---|
| Revenue | Up to $10M ($5M for Contractors) |
| Employees | Up 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 Sites | Equipment Breakdown | Pairs and Sets |
| BI Daily Limit Options | Fine Arts | Restaurant Enhancement |
| Brands and Labels | Increased Limit for Contractor Tools | Salespersons’ Samples |
| Claims Expenses | Laptop Computers (Worldwide) | Sewer Backup/Sump Overflow |
| Computer Fraud | Off-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 $2M
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 $4M
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 $4M
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
Limit Options
| Description | Available Limits |
|---|---|
| Liability and Medical Expenses | $300,000/$500,000/$1,000,000/$2,000,000 |
| Damage to Premises Rented By You | Up to $1,000,000 |
| Medical Expenses | $5,000 |
| Products/Completed Operations Aggregate | 2x Liability and Medical Expenses Limit |
| Other than Products/Completed Operations Aggregate | 2x Liability and Medical Expenses Limit |
Exclusions apply: 2/4 GL Limits are not available for contractors in TX, CA, FL, NY, or CO, or when liquor liability has been added to the quote.
Mandatory Countrywide BOP Policy Forms
| BP 00 03 07 13 | Businessowners Coverage Form |
| BP 04 39 07 02 | Abuse or Molestation Exclusion |
| BP 05 98 07 13 | Amendment of Insured Contract Definition |
| BP 14 91 07 13 | Amendment of Personal and Advertising Injury Definition |
| BP 05 01 07 02 | Calculation of Premium |
| BP 15 32 09 19 | Cannabis 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 20 | Disclosure Pursuant to Terrorism Risk Insurance Act |
| BP 04 17 01 10 | Employment-Related Practices Exclusion |
| BP 15 04 05 14 | Exclusion – Access or Disclosure of Confidential or Personal Information |
| BP 14 19 01 10 | Exclusion – Damage to Work Performed by Subcontractors |
| BP 14 08 01 10 | Exclusion – Exterior Insulation and Finish Systems |
| BP 05 17 01 06 | Exclusion – Silica or Silica-Related Dust |
| BP 15 11 12 16 | Exclusion – Unmanned Aircraft |
| BP 05 77 01 06 | Fungi or Bacteria Exclusion (Liability) |
| BP 04 92 07 02 | Total Pollution Exclusion |
| BP 15 30 09 19 | Cannabis Exclusion (Property) |
