Retail Store / Service Insurance

Retail Store / Service Insurance

Apparel Stores, Food Stores, Barber & Beauty Shops, Dry Cleaners, Floor Covering Stores, Florists, Hardware Stores, Home Improvement Stores, Print Shops, Retail Stores

Typical Retail Coverage Summary

 

Property Coverages Basic Package Limits Enhanced Package Limits
Business Income 18 months actual loss sustained 18 months actual loss sustained
Business Income 72-Hour Buyback Usually enhanced only Included
Seasonal Automatic Increase – BPP Additional 25% included Additional 25% included
Accounts Receivable $5,000* $25,000*
Bailee Coverage – Printers N/A $25,000*
Bailee Coverage – Dry Cleaners $100,000* $200,000*
Bailee Coverage – Repair Shop $25,000* $50,000*
Computer Equipment $10,000* $25,000*
Arson Conviction Reward $5,000 $5,000
Fire Department Service Charge $1,000 $1,000
Fire Extinguisher Recharge $2,500 $5,000
Increased Cost of Construction $5,000 $5,000
Mechanical & Equipment Breakdown Usually enhanced only Included
Newly Acquired Buildings $250,000 $250,000
Newly Acquired – BPP $100,000 $100,000
Outdoor Signs $2,500* $7,500*
Personal Property Off Premises $5,000* $5,000*
Pollutant Clean-Up & Removal $10,000* $10,000*
Premises Boundary 100 feet 1,000 feet
Spoilage Coverage (Food Stores) $2,500 $25,000
Trees, Shrubs and Plants $500 / $2,500 $500/ $2,500
Valuable Papers and Records $5,000* $25,000*
Crime Coverages Basic Package Limits Enhanced Package Limits
Employee Dishonesty $5,000* $10,000*
Forgery and Alteration $2,500 $2,500
Money and Securities – Inside/Outside $5,000* $10,000*
Money Orders and Counterfeit Paper Currency $1,000 $1,000