Products
| QuoteItNow offers Business Owners Policies (BOP) for small businesses that meet the following criteria:
- The value of Building and Business Personal Property may not exceed $10,000,000.
- Sales/receipts for the business may not exceed $5,000,000 annual sales/receipts per location.
- Payroll, excluding clerical, may not exceed $500,000.
General Eligibility for the Business and Property:
- Applicant must have owned and operated the current business for the past 3 years or have 3 years of management experience in the same type of business.
- Building coverage is offered for buildings less than 25 years old, or electrical, plumbing, heating, air conditioning and roof updated within the past 25 years. Wood shake or shingle roofed buildings are not eligible.
- For building coverage, building may not exceed 6 stories and buildings over 3 stories must have a fully operational sprinkler system.
- During the most recent 2 years, applicants may not have had more than 1 loss per location.
| QIN offers BOP’s for over 400 classes of business.These are a few examples of the kinds of business that qualify for Business Owners Insurance: |
| OFFICE |
RETAIL |
Business
Medical
Financial
Real Estate / Mortgage
|
Gift / Curio / Souvenir
Clothing
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| WHOLESALE |
SERVICE |
Clothing
Paper / Dry Goods / Fabric
Bakery / Packaged Food / Electronics
(< 25% sales / receipts for installation)
|
Beauty Salons
Barber Shops
And other professional service businesses
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All Sequoia BOP Policies written through QuoteItNow include:
- $1,000,000 per occurrence General Liability Coverage
- $2,000,000 General Aggregate Limit
- $2,000,000 Products/Completed Operations Aggregate Limit
- $300,000 Damage to Premises Rented to You Limit – any one fire
- $10,000 Medical Expense Limit – any one person.
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Business Income (Actual Loss sustained up to 12 month period of restoration and the coverages listed on the Extender Endorsement:
|
| EXTENDER ENDORSEMENT |
| Accounts Receivable |
$35,000 |
| Backup of Sewers and Drains |
Included |
| Brands and Labels |
Included |
| Building Ordinance or Law |
$100,000 |
| Claims Expense |
$10,000 |
| Consequential Loss to Stock |
Included |
| Debris Removal |
$50,000 |
| Employee Dishonesty / ERISA |
$10,000 |
| Fine Arts |
$15,000 |
| Forgery |
$10,000 |
| Money and Securities |
$10,000 |
| Newly Constructed / Acquired Property / Buildings |
$1,000,000 |
| Off-premises Utility Services Direct Damage |
$15,000 |
| Outdoor Property |
$1,000 /item |
| $15,000 aggregate |
| Outdoor Signs |
Included |
| Personal Effects |
$15,000 |
| Personal Property of Others |
$1,000 /item |
| $15,000 aggregate |
| Property at Other Premises |
$15,000 |
| Salesman’s Samples |
$2,000 |
| Temperature Change |
$15,000 |
| Transfer Coverage |
$15,000 |
| Valuable Papers & Records |
$35,000 |
| Valuation Changes |
Included |
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| Business Income from off-premises utility services |
$35,000 |
| Business Income at newly-acquired premises |
$250,000 | |
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