Micro-Businessowners and Businessowners Insurance
Berkley Small Business Solutions offers Micro-Businessowners and Businessowners insurance.
Our Available Coverages
We offer superior service to our partner brokers and agents while providing a quality insurance solution to those preferred customers who qualify for our product guidelines.
Existing Customer Services
Micro-Businessowners
- Home-based and shared space businesses
- Business Personal Property limit between $2,500 to $25,000
- Annual revenue up to $500,000
- Up to 4 employees including owner
- Eligible for Retail and Service businesses
Businessowners
- Single location
- Eligible for Office, Mercantile, Processing & Services businesses
- Contents only
- Eligible States – See Coverage Territory below
Micro-Businessowners – Coverages Available
- Computer system includes telephone system, data storage devices, networking equipment
- Technology incident means error, act or omission, actual or allegedly made, by any Insured
- Rendering or failure to render Technology Service to others, or
- Failure of Technology Products to perform the function or serve the purpose intended
- Automatic Extended Reporting Period – 12 consecutive months
- Endorsements offers “true” professional liability coverage for claims resulting from the rendering or failure to render professional services, as described in the class code.
- Coverage is available for all Service classes, and particularly relevant for consultants, marketing professionals, accounting, and other service-based home businesses.
- Claims-made, includes a Deductible per claim, and no retroactive date, when purchased with Berkley Small Business.
Businessowners – Coverages Available
ISO BOP with expansions
- 45 Increased Limits of Insurance including
- Accounts Receivable and Valuable Papers
- Employee Theft (including ERISA)
- Newly Acquired Property
- Additional Insured status built into form
- Damage to Premises Rented to You increased limit – $1,000,000
- Medical Expense increased limit – $10,000
- Primary & Non-Contributory
- Waiver of Subrogation required by contract
- First party coverages – Privacy Breach expenses, Extortion, Funds Transfer Fraud
- Third party coverages – Media, Network Security, Data Compromise
- Duty to Defend
- Expenses and Business Interruption
- Crisis Management Services
- Education Portal & Risk Management
- No limitation on type of weapon
- Duty to Defend
- Discrimination based on age, gender, race, color, national origin, religion, sexual orientation or preference, pregnancy or disability
- Libel, slander, humiliation, mental anguish
- Harassment or coercion
- Mechanical breakdown
- Electrical or electronic breakdown
- Artificially generated electrical current, including electrical arcing
- Spoilage of “perishable goods” resulting from lack of power, light, heat … caused by Equipment Breakdown
Hired & Non-Owned Auto Liability for BOP
Employee Benefits Liability
- Beauticians
- Barber and Hair Salon
- Funeral Directors
- Optical and Hearing Aid
- Veterinarian
- Printers Errors & Omissions (E&O)
Coverage Territory
