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Thursday September 09, 2010

RETAIL STORE INSURANCE COVERAGE

BROADFORM BUILDING COVERAGE
  • Replacement cost (optional)
  • Accidental breakage of glass and signs

EQUIPMENT COVERAGE
  • Replacement Cost (optional)
  • Optional theft coverage
  • Optional mechanical breakdown to equipment
  • Optional sewer/sump back-up

STOCK COVERAGE
  • Optional theft coverage
  • Market value for stock on shelves
  • Damage resulting from change in temperature
  • “Peak Season” coverage automatically increases stock limits up to 25%

LOSS OF INCOME COVERAGE
  • Replaces business income lost as a result of insured damage to property (less expenses which do not continue)

CRIME COVERAGE
  • Contents including cash
  • Optional coverage for loss resulting from employee dishonesty

COMMERCIAL GENERAL LIABILITY
  • Retail store premises (slip and fall)
  • Products coverage (all goods you sell)
  • Tenants legal liability

HIGHLIGHTS ONLY. Actual policy wordings govern.
Coverage availability subject to underwriting eligibility.

Water Problems
Water problems may occur at any time due to melting snow, heavy rainfall, sump pump malfunction or sewer back-up. Check roof shingles to ensure they are in good repair. Ensure your sump pump is functioning - have a back up system or alarm if you experience water problems on a regular basis. .....Full Story
Oil Tanks & Fuel Spills
This area is becoming a huge problem as the required environmental clean up is costly and is also disruptive to the homeowner. Check your oil tank & lines regularly for any possible leak or problem. If you detect an oil odour call your distributor immediately. If you have a spill, our adjuster .....Full Story
Fire
This is a common loss and may also lead to death. Ensure that smoke detectors are in proper working order. Have extinguishers in place in buildings and on equipment. Electricity must be respected. Have electrical wiring work completed by a certified electrician. Ensure that electrical .....Full Story