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Commercial Package

Commercial UniPak is an insurance policy designed for small and medium sized businesses such as supermarkets, clothing and accessories stores, pharmacies, professional offices, bakeries, and beauty salons.


 

Automatic Coverages

 


Commercial Property - Coverage for your property against damages from perils such as fire, burglary, and earthquakes.


Building - Coverage for the commercial structure against direct damages for losses covered by the policy.


Contents - Coverage for the commercial contents against direct damages for losses covered by the policy.


Business interruptions and additional costs - Coverage for diminishing revenue during business interruptions caused by direct property damage for covered risks under the policy. Off Premises Power Failure, Professional Offices Group, and Food Stores Group:


$2,000 automatic limit for loss of income or additional expenses caused by power interruptions outside the insured facilities.


Boilers and Machinery - Business coverage against direct damages for ruptures or explosion of Boilers and Machinery caused by covered losses. The automatic limit is $5,000 with an increment option for an additional premium.


Glass Breakage - Coverage against losses caused by glass breakage, perils such as fire, burglary, earthquake, and vandalism.


Debris Removal - Covers debris removal costs from losses resulting from perils such as fire, burglary, and earthquake.


Peak season - Automatic coverage limit increase up to 25% during the high selling season.


Spoilage Coverage - Coverage for perishable articles caused by a mechanical failure of cooling equipment, contamination caused by a coolant, or by a power failure. Pharmacies and food stores - automatic 5% of the limit for personal property up to a $25,000 maximum.


Flood - Protects your business against direct property damages caused by flooding. The automatic limit is $2,500.


Theft of Cash - Protects your business against the theft of business sales revenue up to a $500 automatic limit, within and outside the premises. The coverage offers an option to increase the limit for an additional premium. Drug Stores: $1,000.


Accounts Receivable - Coverage against loss from your business's outstanding accounts receivables resulting from the risks indicated in the policy. The automatic limit is $10,000 with an increment option for an additional premium. Professional offices group: $25,000.


Valuable papers & records - Covers your business’s valuable documents against losses for risks covered by the policy. The automatic limit is $10,000 with an increment option for an additional premium. Professional offices group: $25,000.


Signage Damages - Protects your business against loss of signage caused by perils such as fire, hurricanes, earthquake, and vandalism. Drug Stores: automatic $2,500.


Commercial Liability - General liability protection for your business against damages to others.




Additional Coverages:

Liability Coverage - Umbrella coverage. Expands the basic coverage, offering larger limits for the liability insurance.


Employer Liability - "Stop gap-employer liability coverage" Covers liability imposed by law when the benefits under the State’s Insurance Fund are not applicable.


Liability Insurance for EPL Labor practices - Provides defense and indemnity against labor dispute claims such as discrimination, sexual harassment, and unjust termination. The coverage applies to current, past, and future employment at all levels. $100,000 limit, $5,000 deductible.


All peril land transportation - Protects your business’s goods in transit. A minimum $5,000 limit is offered with an increment option.


Computer hardware and software - Protects your business’s computer equipment against direct damages caused by perils such as fire, hurricanes, burglary, and earthquakes. The automatic limit is $2,500 with an increment option.


Physicians & surgeons’ equipment - Protects healthcare equipment and professional tools against losses for the risks indicated in the policy.


Miscellaneous property floater - Coverage for the personal property of the insured against the risks indicated in the policy.


Bailor coverage - Coverage for property owned by third parties, held by the insured, against the risks indicated in the policy.


Employee dishonesty (theft of money) - Protects your business against losses caused by the dishonest acts of employees. The minimum limit is $1,000 with an increment option.


Commercial Auto - Covers auto damages to business property and general liability for your business against third party damages.


Professional Liability - Limited coverage for negligent acts, errors or omissions in the performance of your professional duties. Professional liability coverage may be offered separately.

 

 

If you are interested in how to avoid or mitigate damages to your business, please press the following links for information:  https://www.hsb.com/HSBExt/SmallBusiness-Operations.aspx

 https://www.brainshark.com/hsb/vu?pi=zGVzPuiHvz1H33z0&tx=HSB&intk=800335756

 



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