Businessowners Insurance Overview
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Frederick Mutual Insurance Company understands that your business is your livelihood
and your future. We also know that for practical protection against loss, you want
insurance coverage that is tailored to your individual needs. Our Businessowners
Insurance Programs respond with flexible, cost-effective insurance
that can be conveniently packaged to meet the unique requirements of your small-
to medium-sized business.
Property Protection
- Building Coverage –protects your building against damage or destruction
- Business Personal Property Coverage – protects building contents
- Loss of Income – provides coverage for loss of income from a covered loss
- Off-Premises Coverage – covers losses up to $5,000 to your business personal
property while it is in transit or temporarily located in premises you do not own,
control or rent
- Property in Your Care – protects the owners of personal property in your care
with coverage up to $2,500
Business Liability Protection
- Bodily Injury and Property Damage – pays claims made against you for bodily
injury or property damage
- Medical Payments – covers medical expenses caused by an accident that occurs
on your business property or arises out of your business operations
- Products/Completed Work – pays bodily injury or property damage claims arising
from your products or completed work
- Fire Legal Liability – provides protection when a fire for which you are liable
causes property damage to buildings you rent
- Choose a liability limit of $300,000, $500,000 or $1,000,000
Optional Coverages Available
- Accounts Receivable
- Condominium Loss Assessment
- Contractual Liability
- Earthquake
- Employee Dishonesty
- Equipment Breakdown
- Exterior Glass
- Fine Arts
- Liquor Liability (not available in Pennsylvania)
- Computer Coverage
- Computer Electrical Interruption Coverage
- Money and Securities
- Non-Owned / Hired Auto Liability
- Ordinance or Law Extension
- Outdoor Signs
- Peak Season
- Personal and Advertising Injury
- Spoilage Coverage
- Valuable Papers and Records
- Water Backup of Sewers and Drains
Businessowners Policies
- Special Form – a comprehensive policy that meets the insurance needs of your
business, insures against risks of direct physical loss, unless excluded
- Standard Form – a basic “named perils” policy that serves as an
economic alternative
- Valuation Options – your policy may be written on a Replacement Cost or Actual
Cash Value basis
Additional Programs Available
- Commercial Automobile Program – Frederick Mutual can provide liability and
physical damage coverage for your business autos under this program.
- Commercial Umbrella Program – Frederick Mutual can provide higher limits of
liability coverage over your general liability, auto liability and employer’s
liability through this program. Additional limits of $1,000,000 and $2,000,000 are
available.