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Business Owners Policy

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Get the Apartment Owners Insurance Coverage You Deserve

 

Real Protection for Real Estate

Apartment owner insurance helps protect your property and your investment. We know your apartment is also a source of income, and we are committed to helping you find a policy that is best for you.

    Below are a few customizable features to help address your apartment owners liability and apartment owners property insurance needs:

  • Building Coverage – Covers the building and structures at the described premises including: Garages, storage buildings, swimming pools, fences, retaining walls, both completed additions and additions under construction and other appurtenant structures. Building coverage also includes, owned personal property used to maintain or service the building and premises
  • Comprehensive General Liability – To help protect the insured against legal liability caused by bodily injury, property damage, personal injury, and advertising injury to others
  • Loss of Income – Covers the actual loss of business income caused by a suspension of operations because of covered accidental direct physical loss to the insured premises, including any extra expense incurred to the extent it minimizes the loss of income
  • Equipment Breakdown – Provides coverage for damage to covered property caused by mechanical breakdown of covered equipment, artificially generated current damaging covered equipment, explosion of steam boilers or loss of steam/hot water boilers
  • Ordinance and Law – Covers the loss of value and increased cost due to the enforcement of municipal laws or ordinances regulating the construction or repair of damage buildings caused by an insured loss
  • Data Compromise and Identity Restoration – Coverages work together to help your business and you get back on track after a data breach occurs or if you, the business owner, becomes a victim of identity theft

Let our advisors help you customize an apartment owner insurance policy for your business that is tailored to your needs.

Get the Residential Community and Business Condominium Associations Insurance Coverage You Deserve

A Residential Community and Business Condominium Associations master policy can insure all the building and common elements under a single package policy.

    A residential community and business condominium associations master policy typically provides coverage in one of four ways:

  • Insures the basic building(s) (walls, roof, floors, elevators, common areas outside of units) plus built-in heating, plumbing, or electrical fixtures, improvements, alterations, cabinets, interior walls and ceilings, wall coverings (such as paint, wall paper, or paneling), flooring (such as carpet, vinyl goods, or hardwood) and appliances.
  • Insures the basic building(s) (walls, roof, floors, elevators, common areas outside of units) plus built-in heating, plumbing, or electrical fixtures, improvements, alterations, cabinets, and interior walls and ceilings, but leaves the individual unit owners the responsibility of insuring wall coverings (such as paint, wall paper, or paneling), flooring (such as carpet, vinyl goods, or hardwood), and appliances.
  • Insures the basic building(s) (walls, roof, floors, elevators, common areas outside of units) plus built-in heating, plumbing, or electrical fixtures, cabinets, and interior walls and ceilings but leaves the individual unit owners the responsibility of insuring wall coverings (such as paint, wall paper, or paneling), flooring (such as carpet, vinyl goods, or hardwood), appliances, and improvements or alterations inside a unit which were not part of the original condominium plans or specifications.
  • Insures the basic building(s) (walls, roof, floors, elevators, common areas outside of units) but leaves the individual unit owners the responsibility of insuring built-in heating, plumbing, or electrical fixtures, cabinets, interior walls and ceilings, wall coverings (such as paint, wall paper, or paneling), flooring (such as carpet, vinyl goods, or hardwood), appliances, and improvements or alterations inside a unit which were not part of the original condominium plans or specifications.

    • When the residential community and business condominium associations insures the structure, a condo unit owner policy is normally written to cover:

  • Items not covered by the residential community and business condominium associations master policy that may be the insurance responsibility of the individual unit owners/tenants.
  • The value of building additions or alterations made by unit owners, at their expense.
  • Value enhancements (For example, if carpet is upgraded to quality that is better than the original, the difference would be covered in the event of loss).
  • Damage to individual units not assessed against all unitowners and not compensated because of the master policy deductible.

RESIDENTIAL COMMUNITY AND BUSINESS CONDOMINIUM ASSOCIATION BUILDING COVERAGE

Building coverage for Residential Community and Business Condominium Associations can be tailored to more closely meet the insurance responsibilities of the association as outlined in its by-laws.

Option 1 – Coverage for all building property is included as described in the policy.

If one of the following options is chosen, the Coverage A – Building amount of insurance should not include values for the building items not covered. No additional premium discount applies.

Option 2 – Coverage for building property excludes floor coverings, wall coverings, and appliances located within a condominium unit.

Option 3 – Coverage for building property excludes floor coverings, wall coverings, appliances, and improvements and alterations within a condominium unit.

Option 4 – Coverage for building property excludes floor coverings, wall coverings, appliances, improvements and alterations, and other inside building material, such as cabinetry and plumbing or heating systems, located within a condominium unit.

Option 5 – Coverage for building property will be excluded as specified in writing on the endorsement.

Building coverage is one of the more complex parts of insuring an association. You should discuss your needs fully with your advisor.

In some instances, the condo association master policy does not insure the structure. In this situation, a homeowner’s policy would be written for the unit owner, just as it would be for an insured person with a conventional home.

Build the Right Coverage for Your Business with Contractor Insurance

Contractors insurance coverage should be tailored to meet your specific needs. With an artisan and service contractor policy, you can get the property and/or liability protection needed.

    There are several distinctive features available in the artisan and service contractor insurance policy:

  • Property – To help protect your business buildings and other structures, landscaping, and equipment from accidental direct physical loss.
  • Comprehensive General Liability – Contractor liability insurance to help protect you financially against costly claims and lawsuits.
  • Completed Operations – Provides coverage, with certain exclusions, for bodily injury and property damage claims resulting after a construction or service project is completed.
  • Inland Marine – Mobile Equipment – Provides broad coverage, with certain exclusions, for mobile equipment, tools, and equipment used in contracting operations.
  • Inland Marine – Installation Floater – Provides broad coverage, with certain exclusions, for covered property you own or are responsible for while in transit, awaiting installation, or being installed at the job site.
  • Inland Marine – Computer Property – Provides broad coverage, with certain exclusions, for computer equipment used in your business operations, including computers, computer peripherals, computer cables, and software.

    • Let our agents help you customize a plan for your business that can include a contractor insurance policy, workers compensation, commercial auto, and mobile equipment.

Don’t Let Your Business Waste Away — Protect it with Food Shops Insurance

Food shops insurance can help your business through a variety of difficult situations, such as if:

  • Your business property was destroyed by fire or vandalism.
  • A customer fell in your store and brought a lawsuit against you.
  • Your business had to shut down depriving you of income.
  • Your business documents were destroyed.

For complete details of food store insurance and food shop liability, please give your advisor a call.

    There are several distinctive features available in the food shops insurance policy, including:

  • Coverage for your Business Property such as buildings and other structures, inventory, property in transit, and much more.
  • Business Liability — Liability insurance to help protect yourself financially against costly claims and lawsuits.
  • Loss of Income — Protection in case your net income is reduced because of a covered loss.
  • Accounts Receivable — Covers loss of monies due to you that are uncollectible because of damage to accounts receivable records
  • Backup of Sewer and Drain — Provides coverage for accidental direct physical loss caused by the backing up of sewers or drains inside your building to business personal property at your location.
  • Computer Property — Coverage for computer equipment used in the business operation.
  • Data Compromise and Identity Restoration — Coverages work together to help your business and you get back on track after a data breach occurs or if you, the business owner, becomes a victim of identity fraud.
  • Employee Dishonesty — Covers direct physical loss of business personal property, including money and securities caused by dishonest acts committed by employees.
  • Equipment Breakdown — Provides coverage for mechanical breakdown of covered equipment such as refrigeration equipment, heating, or air conditioning units.
  • Food Contamination — Loss of Income Endorsement – Covers business income loss, specified costs and expenses related to contaminated food, and additional advertising expenses if your business is ordered closed by the Board of Health or any other governmental authority as a result of food contamination.
  • Money & Securities — Covers the loss of business money and securities caused by theft, disappearance, or destruction from described premises, a bank or savings institution, within your living quarters, or while being conveyed by a messenger or armored auto between any of these places.
  • Signs — Covers accidental direct physical loss to signs attached to buildings (whether indoor or outdoor) and to outdoor signs not attached to buildings at the described premises owned by you or in your care, custody, or control.
  • Temperature Change/Spoilage — Covers loss to perishable goods on your premises caused by a change in temperature, humidity, or pressure that is the direct result of specified conditions in the endorsement.
  • Utility Interruption — Provides loss of income coverage due to failure of communications, water, natural gas, or electrical service to your insured premises for more than eight consecutive hours (see policy provisions).

    • Let our agents help you customize a plan for your business that can include a business policy, workers’ compensation, business life, and retirement.

Protect Your Practice —The Right Coverage for Medical Professionals

Medical office insurance provides coverage that can help medical professionals through a variety of challenging events, such as if:

  • Your office was destroyed by a fire.
  • A customer tripped on your steps and brought a lawsuit against you.
  • Your office had to shut down depriving you of income.
  • Your business documents were destroyed.

For full details regarding medical office and medical professionals insurance, contact us at The MIA Group today.

    There are several distinctive features available in the medical office insurance policy, including:

  • Coverage for your Business Property such as buildings and other structures, office furnishings, medical equipment and supplies, property in transit, and much more.
  • Business Liability — Liability insurance to help protect yourself financially against costly claims and lawsuits.
  • Loss of Income — Protection in case your net business income is reduced because you must limit or close your business due to a covered loss.
  • Accounts Receivable — Covers loss of monies due to you that are uncollectible because of damage to accounts receivable records
  • Backup of Sewer and Drain — Provides coverage for accidental direct physical loss caused by the backing up of sewers or drains inside your building to business personal property at your location.
  • Computer Property — Coverage for computer equipment used in the business operation.
  • Data Compromise and Identity Restoration — Coverages work together to help your business and you get back on track after a data breach occurs or if you, the business owner, becomes a victim of identity fraud.
  • Employee Dishonesty — Covers direct physical loss of business personal property, including money and securities caused by dishonest acts committed by employees.
  • Equipment Breakdown — Provides coverage for mechanical breakdown of covered equipment such as refrigeration equipment, heating, or air conditioning units.
  • Food Contamination — Loss of Income Endorsement – Covers business income loss, specified costs and expenses related to contaminated food, and additional advertising expenses if your business is ordered closed by the Board of Health or any other governmental authority as a result of food contamination.
  • Money & Securities — Covers the loss of business money and securities caused by theft, disappearance, or destruction from described premises, a bank or savings institution, within your living quarters, or while being conveyed by a messenger or armored auto between any of these places.
  • Signs — Covers accidental direct physical loss to signs attached to buildings (whether indoor or outdoor) and to outdoor signs not attached to buildings at the described premises owned by you or in your care, custody, or control.
  • Utility Interruption — Provides loss of income coverage due to failure of communications, water, natural gas, or electrical service to your insured premises for more than eight consecutive hours (see policy provisions).
  • Valuable Papers and Records — Covers the cost to research, replace, or restore the lost information on valuable papers and records caused by an insured loss.

    • Let our agents help you customize a plan for your business that can include a business policy, workers’ compensation, business life, and retirement.

Protect the Strength of Your Business with Office Insurance

Office insurance from our carriers provides coverage to help your small business through a variety of challenging situations, such as if:

  • Your office was destroyed by a fire or vandalism
  • A customer brought a lawsuit against you
  • A covered loss causes your business to shut down, depriving you of income
  • Your business documents were lost or destroyed

Contact us at The MIA Group for complete details on office insurance products.

    There are several distinctive features available in the office insurance policy, including:

  • Coverage for your Business Property such as buildings and other structures, inventory, property in transit, and much more.
  • Comprehensive general liability – Insurance policy which may provide financial protection against costly claims and lawsuits.
  • Loss of Income —Protection in case you must close your business because of a covered loss.
  • Accounts Receivable — May cover loss of monies due to you that are uncollectible because of damage to accounts receivable records.
  • Backup of Sewer and Drain — May provide coverage for accidental direct physical loss to business personal property at your location.
  • Computer Property — Coverage for computer equipment used in the business operation.
  • Data Compromise and Identity Restoration — Coverages work together to help your business and you get back on track after a data breach occurs or if you, the business owner, becomes a victim of identity theft.
  • Employee Dishonesty — May cover direct physical loss of business personal property including money and securities caused by dishonest acts committed by employees.
  • Equipment Breakdown — May provide coverage for damage to covered property caused by mechanical breakdown of covered equipment, artificially generated current damaging covered equipment, explosion of steam boilers or loss of steam/hot water boilers.
  • Money & Securities — May cover the loss of business money and securities caused by theft, disappearance, or destruction from described premises, a bank or savings institution, while being conveyed by a messenger or armored auto or within the residence of a messenger.
  • Signs — May cover accidental direct physical loss to signs attached to buildings (whether indoor or outdoor) and to outdoor signs not attached to buildings at the described premises owned by you or in your care, custody or control.
  • Utility Interruption — Provides loss of income coverage due to failure of communications, water, natural gas or electrical service to your insured premises for more than eight consecutive hours. See policy provisions.
  • Valuable Papers and Records — Covers the cost to research, replace, or restore the lost information on valuable papers and records caused by an insured loss.

    • Let our agents help you customize a plan for your business that can include a business policy, workers compensation, business life, and retirement.

Protect Your Business Against Liability Damages with Business Liability Insurance

Business Liability insurance provides coverage that can help you through a variety of situations, such as if:

 

  • Your office was destroyed by a fire or vandalism
  • A customer brought a lawsuit against you
  • A business had to shut down depriving you of income.
  • Your business documents were lost or destroyed

For complete details of our business liability insurance policies, please contact your trusted MIA advisor.

    Barber Shop, Beauty Salons, Day Spas and Cosmetic Stores

    There are several distinctive features available in the Business Liability insurance policy, including:

  • Coverage for your Business Property such as buildings and other structures, inventory, property in transit, and much more.
  • Comprehensive general liability – A personal liability insurance policy that may provide financial protection against costly claims and lawsuits.
  • Loss of Income —Protection in case you must close your business because of a covered loss.
  • Accounts Receivable — May cover loss of monies due to you that are noncollectable because of damage to accounts receivable records.
  • Backup of Sewer and Drain — May provide coverage for accidental direct physical loss to business personal property at your location.
  • Computer Property — Coverages for computer equipment used in the business operation.
  • Data Compromise and Identity Restoration — Coverages work together to help your business and you get back on track after a data breach occurs or if you, the business owner, becomes a victim of identity theft.
  • Employee Dishonesty — May cover direct physical loss of business personal property including money and securities caused by dishonest acts committed by employees.
  • Equipment Breakdown — May provide coverage for damage to covered property caused by mechanical breakdown of covered equipment, artificially generated current damaging covered equipment, explosion of steam boilers or loss of steam/hot water boilers.
  • Money & Securities — May cover the loss of business money and securities caused by theft, disappearance, or destruction from described premises, a bank or savings institution, while being conveyed by a messenger or armored auto or within the residence of a messenger.
  • Signs — May cover accidental direct physical loss to signs attached to buildings (whether indoor or outdoor) and to outdoor signs not attached to buildings at the described premises owned by you or in your care, custody or control.
  • Utility Interruption — May provide loss of income coverage due to failure of communications, water, natural gas or electrical service to your insured premises for more than eight consecutive hours. See policy provisions.
  • Barber, Cosmetologists, and Estheticians Professional Liability

    • Let our agents help you customize a plan for your business that can include a business policy, workers compensation, business life, and retirement.

Take Care of Business with Retail Insurance

Retail shop insurance provides coverage that can help you through a variety of difficult situations, such as:

  • Your business was destroyed by fire or vandalism
  • A customer brought a lawsuit against you
  • A business shut down depriving you of income.
  • Your business documents were lost or destroyed

For complete details of our retail store insurance policies, please contact your trusted MIA advisor.

    There are Several Distinctive Features Available in the Retail Shop Insurance Policy Including:

  • Coverage for your Business Property such as buildings and other structures, inventory, property in transit, and much more.
  • Comprehensive general liability – Insurance which may provide financial protection against costly claims and lawsuits.
  • Loss of Income —Protection in case you must close your business because of a covered loss.
  • Accounts Receivable — May cover for loss of monies due to you that are uncollectible because of damage to accounts receivable records.
  • Backup of Sewer and Drain — May provide coverage for accidental direct physical loss to business personal property at your location.
  • Computer Property — Coverages for computer equipment used in the business operation.
  • Data Compromise and Identity Restoration — Coverages work together to help your business and you get back on track after a data breach occurs or if you, the business owner, becomes a victim of identity theft.
  • Employee Dishonesty — May cover direct physical loss of business personal property including money and securities caused by dishonest acts committed by employees.
  • Equipment Breakdown — May provide coverage for damage to covered property caused by mechanical breakdown of covered equipment, artificially generated current damaging covered equipment, explosion of steam boilers or loss of steam/hot water boilers.
  • Money & Securities — Covers the loss of business money and securities caused by theft, disappearance, or destruction from described premises, a bank or savings institution, while being conveyed by a messenger or armored auto or within the residence of a messenger.
  • Signs — May cover accidental direct physical loss to signs attached to buildings (whether indoor or outdoor) and to outdoor signs not attached to buildings at the described premises owned by you or in your care, custody or control.
  • Utility Interruption — Provides loss of income coverage due to failure of communications, water, natural gas or electrical service to your insured premises for more than eight consecutive hours (See policy provisions).

    • Let our agents help you customize a plan for your business that can include a business policy, workers compensation, business life, and retirement.

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