Business Owner's Policy Broadening Endorsements - The Hanover ...
Business Owner's Policy Broadening Endorsements - The Hanover ...
Business Owner's Policy Broadening Endorsements - The Hanover ...
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<strong>The</strong> <strong>Hanover</strong><br />
<strong>Business</strong> Owner’s <strong>Policy</strong> <strong>Broadening</strong> <strong>Endorsements</strong><br />
Because You May Need More Protection<br />
Most businesses like yours need important insurance protection that is often limited or excluded from the standard<br />
<strong>Business</strong> Owner’s <strong>Policy</strong> (BOP). <strong>The</strong> <strong>Hanover</strong>’s BOP <strong>Broadening</strong> <strong>Endorsements</strong> (Special, Deluxe, Deluxe Bronze,<br />
Silver, Gold, and Platinum) provide extended and expanded coverage on top of your current <strong>Business</strong> Owner <strong>Policy</strong> —<br />
up to 60 important coverages that will give you peace of mind knowing you’re well protected. <strong>The</strong> good news is these<br />
<strong>Hanover</strong> endorsements cost a fraction of what it would cost your business to purchase these important coverages<br />
BOP<br />
Endorsement Options:<br />
separately. Review the chart below to determine which BOP <strong>Broadening</strong> Endorsement is right for your business.<br />
BASIC PROPERTY SPECial Deluxe PROPERTY Deluxe Bronze Deluxe Silver Deluxe Gold Deluxe Platinum<br />
Coverage<br />
<strong>Business</strong><br />
Owner’s<br />
cover age<br />
Form (Basic)<br />
(Form 391-1003)<br />
Property<br />
sPecial<br />
BroaDening<br />
enDorsement<br />
(Form 391-1023)<br />
Deluxe Property<br />
sPecial<br />
BroaDening<br />
enDorsement<br />
(Form 391-1022)<br />
Deluxe Bronze<br />
BroaDening<br />
enDorsement<br />
(Form 391-1403)<br />
Accounts Receivables $25,000 $25,000 $25,000 $25,000<br />
Advertising Expense to Regain<br />
Customers<br />
Backup or Overflow of a Sewer,<br />
Drain, or Sump<br />
Brands and Labels –<br />
Deluxe SILVER<br />
BroaDening<br />
enDorsement<br />
(Form 391-1389)<br />
Included in blanket<br />
limit of $150,000<br />
Deluxe GOLD<br />
BroaDening<br />
enDorsement<br />
(Form 391-1388)<br />
Included in blanket<br />
limit of $250,000<br />
Deluxe<br />
Platinum<br />
BroaDening<br />
enDorsement<br />
(Form 391-1387)<br />
Included in blanket<br />
limit of $350,000<br />
– – – – $2,500 $2,500 $2,500<br />
– – – $25,000<br />
Included up to<br />
per sonal property limit<br />
Included up to<br />
per sonal property limit<br />
Included up to<br />
per sonal property limit<br />
Included up to<br />
property limit<br />
Included up to<br />
per sonal property limit<br />
Included up to<br />
property limit<br />
Included up to<br />
per sonal property limit<br />
Included up to<br />
property limit<br />
Included up to<br />
per sonal property limit<br />
Broad Form Water Damage – $25,000 $100,000 $100,000 $100,000 $100,000 $100,000<br />
<strong>Business</strong> Income and Extra Expense<br />
from Dependent Properties<br />
$5,000 $25,000 $100,000 $100,000 $50,000 $100,000 $100,000<br />
<strong>Business</strong> Income Extension<br />
from Websites<br />
– – –<br />
Claims Expense – – – $25,000 $10,000 $10,000 $10,000<br />
$10,000/<br />
7 days<br />
Computer Equipment $35,000 $35,000 $35,000 $35,000<br />
Computer Fraud and Funds<br />
Transfer Fraud<br />
$50,000/<br />
7 days<br />
Included in blanket<br />
limit of $150,000<br />
$50,000/<br />
7 days<br />
Included in blanket<br />
limit of $250,000<br />
$50,000/<br />
7 days<br />
Included in blanket<br />
limit of $350,000<br />
– – – $5,000 $10,000 $10,000 $10,000<br />
continued
<strong>The</strong> <strong>Hanover</strong> | BOP <strong>Broadening</strong> <strong>Endorsements</strong><br />
Coverage<br />
<strong>Business</strong><br />
Owner’s<br />
cover age<br />
Form (Basic)<br />
(Form 391-1003)<br />
Property<br />
sPecial<br />
BroaDening<br />
enDorsement<br />
(Form 391-1023)<br />
Consequential Loss to Stock – –<br />
Deluxe Property<br />
sPecial<br />
BroaDening<br />
enDorsement<br />
(Form 391-1022)<br />
Included up to<br />
per sonal property limit<br />
Deluxe Bronze<br />
BroaDening<br />
enDorsement<br />
(Form 391-1403)<br />
Included up to<br />
per sonal property limit<br />
Deluxe SILVER<br />
BroaDening<br />
enDorsement<br />
(Form 391-1389)<br />
Included up to<br />
per sonal property limit<br />
Deluxe GOLD<br />
BroaDening<br />
enDorsement<br />
(Form 391-1388)<br />
Included up to<br />
per sonal property limit<br />
Deluxe<br />
Platinum<br />
BroaDening<br />
enDorsement<br />
(Form 391-1387)<br />
Included up to<br />
per sonal property limit<br />
Contingent Transit <strong>Business</strong> Income<br />
and Extra Expense<br />
– – $100,000 $100,000 $100,000 $100,000 $100,000<br />
Contractual Penalties – – $25,000 $25,000 $10,000 $25,000 $25,000<br />
Debris Removal<br />
25% of loss amount<br />
plus $25,000<br />
25% of loss amount<br />
plus $25,000<br />
25% of loss amount<br />
plus $25,000<br />
25% of loss amount<br />
plus $25,000<br />
Included in blanket<br />
limit of $150,000<br />
Included in blanket<br />
limit of $250,000<br />
Included in blanket<br />
limit of $350,000<br />
Employee Dishonesty Including ERISA $10,000 $10,000 $10,000 $10,000 $25,000 $25,000 $25,000<br />
Expediting Expenses – – – $25,000 $10,000 $25,000 $25,000<br />
Extended <strong>Business</strong> Income 30 days 30 days 30 days 60 days 90 days 90 days 90 days<br />
Fine Arts $10,000 $25,000 $40,000 $40,000 $40,000 $40,000 $50,000<br />
Fire Department Service Charge $10,000 $10,000 $10,000 $10,000 $25,000 $25,000 $25,000<br />
Fire Extinguisher Systems Recharge $5,000 $5,000 $5,000 $5,000<br />
Included up to<br />
property limit<br />
Included up to<br />
property limit<br />
Included up to<br />
property limit<br />
Forgery and Alteration $10,000 $25,000 $50,000 $50,000 $50,000 $50,000 $50,000<br />
Foundations and Underground Pipes – – $250,000 $250,000 $250,000 $250,000 $250,000<br />
Garages, Storage Buildings, and<br />
Other Appurtenant Structures<br />
– – – $25,000 $25,000 $50,000 $50,000<br />
Hired Auto — Physical Damage – – $30,000 $30,000 $50,000 $50,000 $50,000<br />
Inflation Guard — <strong>Business</strong> Personal<br />
Property<br />
– – – 4% – – –<br />
Interruption of Computer Operations<br />
$10,000 policy<br />
aggregate<br />
$10,000 policy<br />
aggregate<br />
$10,000 policy<br />
aggregate<br />
$10,000 policy<br />
aggregate<br />
$15,000 policy<br />
aggregate<br />
$25,000 policy<br />
aggregate<br />
$50,000 policy<br />
aggregate<br />
Key Replacement and Lock Repair $1,000 $1,000 $1,000 $1,000 $2,500 $2,500 $5,000<br />
Laptop Computer Coverage<br />
Worldwide<br />
– – – $5,000 $10,000 $25,000 $25,000<br />
Lessor’s Lease Cancellation – – – – $10,000 $10,000 $10,000<br />
Lessor’s Tenant Move Expenses – – – –<br />
Marring and Scratching –<br />
Money and Securities — Outside<br />
the Premises<br />
Money Orders and Counterfeit<br />
Paper Currency<br />
Newly Acquired or Constructed<br />
Property<br />
$5,000, can be<br />
increased to $25,000<br />
Included up to<br />
per sonal property limit<br />
$5,000, can be<br />
increased to $25,000<br />
Included up to<br />
per sonal property limit<br />
$5,000, can be<br />
increased to $25,000<br />
Included up to<br />
per sonal property limit<br />
$10,000, can be<br />
increased to $25,000<br />
$10,000/<br />
60 days<br />
Included up to<br />
per sonal property limit<br />
$5,000, can be<br />
increased to $25,000<br />
$10,000/<br />
60 days<br />
Included up to<br />
per sonal property limit<br />
$5,000, can be<br />
increased to $25,000<br />
$10,000/<br />
60 days<br />
Included up to<br />
per sonal property limit<br />
$5,000, can be<br />
increased to $25,000<br />
$5,000 $5,000 $5,000 $5,000 $25,000 $25,000 $25,000<br />
60 days 60 days 60 days 90 days 180 days 180 days 180 days
Newly Acquired <strong>Business</strong> Income $250,000 $250,000 $250,000 $250,000 $500,000 $500,000 $500,000<br />
Ordinance or Law — Demolition Cost<br />
and Increased Cost of Construction $5,000 $5,000 $5,000 $25,000 $25,000 $25,000 $50,000<br />
(Coverage B&C)<br />
Ordinance or Law — Increased Period<br />
of Restoration<br />
– – – $10,000 $10,000 $10,000 $10,000<br />
Ordinance or Law — Tenant’s<br />
Improvement Extension<br />
– – – – $25,000 $25,000 $25,000<br />
Ordinance or Law — Undamaged<br />
Portion of Building<br />
Included up to<br />
building limit<br />
Included up to<br />
building limit<br />
Included up to<br />
building limit<br />
Included up to<br />
building limit<br />
Included up to<br />
building limit<br />
Included up to<br />
building limit<br />
Included up to<br />
building limit<br />
Outdoor Property $5,000 $5,000 $25,000 $25,000 $25,000 $25,000 $25,000<br />
Personal Effects $5,000 $10,000 $25,000 $25,000 $25,000 $50,000 $75,000<br />
Personal Property In Transit $5,000 $20,000 $50,000 $50,000 $25,000 $25,000 $25,000<br />
Personal Property of Others<br />
Included in<br />
property limit as<br />
ACV, Replacement<br />
Cost when there is<br />
a contract<br />
Included in<br />
property limit as<br />
ACV, Replacement<br />
Cost when there is<br />
a contract<br />
Included in<br />
property limit as<br />
ACV, Replacement<br />
Cost when there is<br />
a contract<br />
Included in<br />
property limit as<br />
ACV, Replacement<br />
Cost when there is<br />
a contract<br />
Included in property<br />
limit as replacement<br />
cost; Additional<br />
coverage provided<br />
in blanket limit of<br />
$150,000<br />
Included in property<br />
limit as replacement<br />
cost; Additional<br />
coverage provided<br />
in blanket limit of<br />
$250,000<br />
Included in property<br />
limit as replacement<br />
cost; Additional<br />
coverage provided<br />
in blanket limit of<br />
$350,000<br />
Personal Property Off Premises $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000<br />
Precious Metal <strong>The</strong>ft Payment<br />
Changes<br />
– – – $25,000 $25,000 $25,000 $25,000<br />
Preservation of Property — Expense – – – $25,000 $25,000 $25,000 $25,000<br />
Retaining Walls — Covered<br />
Building Property<br />
$2,500 $2,500 $2,500<br />
Included in<br />
property limit<br />
$2,500 $2,500 $2,500<br />
Salesperson’s Samples $5,000 $5,000 $25,000 $25,000 $10,000 $25,000 $25,000<br />
Soft Cost – – – $10,000 $10,000 $10,000 $10,000<br />
Spoilage – – – $5,000 $25,000 $25,000 $25,000<br />
Temporary Relocation of Property – – – $25,000 $50,000 $50,000 $50,000<br />
Tenant Building Insurance —<br />
When Lease Requires You<br />
– – – – $20,000 $25,000 $25,000<br />
Provide Insurance<br />
Tenant <strong>Business</strong> Personal Property<br />
Insurance — When Lease Requires<br />
– – – – $20,000 $25,000 $25,000<br />
You Provide Insurance<br />
Tenant Signs $5,000 $10,000 $20,000 $20,000 $20,000 $20,000 $20,000<br />
Transit <strong>Business</strong> Income and<br />
Extra Expense<br />
– – $100,000 $50,000 $50,000 $50,000 $50,000<br />
Unauthorized <strong>Business</strong> Credit Card Use $5,000 $5,000 $5,000 $5,000 $5,000 $10,000 $10,000<br />
Utility Services — <strong>Business</strong> Income<br />
(Overhead Transmission Lines<br />
coverage may be purchased)<br />
Utility Services — Direct Damage<br />
(Overhead Transmission Lines<br />
coverage may be purchased)<br />
Valuable Papers and Records<br />
Virus and Hacking Coverage<br />
$5,000 can be<br />
increased up to<br />
$50,000<br />
$10,000, can be<br />
increased up to<br />
$50,000<br />
$25,000 on premises;<br />
$5,000 off premises<br />
$10,000 policy<br />
aggregate<br />
$10,000 can be<br />
increased up to<br />
$50,000<br />
$25,000, can be<br />
increased up to<br />
$50,000<br />
$25,000 on premises;<br />
$5,000 off premises<br />
$10,000 policy<br />
aggregate<br />
$25,000 can be<br />
increased up to<br />
$50,000<br />
$50,000<br />
$25,000 on premises;<br />
$5,000 off premises<br />
$10,000 policy<br />
aggregate<br />
$25,000 can be<br />
increased up to<br />
$50,000<br />
$25,000, can be<br />
increased up to<br />
$50,000<br />
$25,000 on premises;<br />
$5,000 off premises<br />
$10,000 policy<br />
aggregate<br />
$25,000 can be<br />
increased up to<br />
$50,000<br />
$25,000, can be<br />
increased up to<br />
$50,000<br />
Included in blanket<br />
limit of $150,000<br />
$10,000 policy<br />
aggregate<br />
$25,000 can be<br />
increased up to<br />
$50,000<br />
$25,000, can be<br />
increased up to<br />
$50,000<br />
Included in blanket<br />
limit of $250,000<br />
$25,000 policy<br />
aggregate<br />
$50,000 can be<br />
increased up to<br />
$50,000<br />
$25,000, can be<br />
increased up to<br />
$50,000<br />
Included in blanket<br />
limit of $350,000<br />
$50,000 policy<br />
aggregate<br />
Worldwide Property Off Premises – $20,000 $45,000 $25,000 $25,000 $40,000 $50,000
Questions?<br />
Contact your local <strong>Hanover</strong> Agent,<br />
who has the answers and can help<br />
you with any unique situation.<br />
Why <strong>The</strong> <strong>Hanover</strong>?<br />
<strong>The</strong> <strong>Hanover</strong> is a leading property and casualty insurance<br />
company dedicated to achieving world-class performance.<br />
Our commitment is to deliver the products, services, and<br />
technology of the best national companies with the<br />
responsiveness, market focus, and local decision making<br />
of the best regional companies. This powerful combination<br />
has been a proven success since our founding in 1852, and<br />
is backed by our financial strength rating of “Excellent” (A)<br />
from A.M. Best.<br />
<strong>The</strong> <strong>Hanover</strong> Insurance Company<br />
440 Lincoln Street, Worcester, MA 01653<br />
Citizens Insurance Company of America<br />
645 West Grand River Avenue, Howell, MI 48843<br />
www.hanover.com<br />
This material offers a brief description of coverages and programs and is provided for informational purposes only. Actual coverages may<br />
vary by state. Options and credits are not available in all states. For exact terms, conditions, exclusions, and limitations, please contact your<br />
<strong>Hanover</strong> Agent.<br />
Policies are underwritten by one or more of the following: Allmerica Financial Alliance Insurance Company, Allmerica Financial Benefit<br />
Insurance Company, Citizens Insurance Company of America, Citizens Insurance Company of Illinois, Citizens Insurance Company of the<br />
Midwest, Citizens Insurance Company of Ohio, <strong>The</strong> <strong>Hanover</strong> Insurance Company, <strong>The</strong> <strong>Hanover</strong> New Jersey Insurance Company, and/or<br />
Massachusetts Bay Insurance Company.<br />
Florida: Policies in the state of Florida are underwritten by <strong>The</strong> <strong>Hanover</strong> Insurance Company, Massachusetts Bay Insurance Company, <strong>The</strong><br />
<strong>Hanover</strong> American Insurance Company, and/or Allmerica Financial Benefit Insurance Company.<br />
Avenues, <strong>The</strong> <strong>Hanover</strong> Insurance Group with Eagle icon, and “Our policy is performance” are trademarks of <strong>The</strong> <strong>Hanover</strong> Insurance Group, Inc.<br />
All other trademarks are the property of their respective owners.<br />
113-1380 (12/10) LC 10-299
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