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CBIC'S BUSINESSOWNERS POLICY (BOP)
CBIC writes a wide variety of mercantile risks. We also
write a specialized office package for the office professional. We insure
experienced businessowners as well as new ventures.
Before considering CBIC as a BOP market, please review
the following BOP Classifications and Program Guidelines:
For addition BOP information by state, contact:
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STATE
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CONTACT
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| Washington & Oregon |
gwenm@cbic.com |
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Arizona, New Mexico
& Nevada
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Idaho, Montana &
Wyoming
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CBIC's BOP
Owning a small business can sometimes seem
financially risky. CBIC's Businessowners Policy (BOP) is designed to minimize
your risk. CBIC's BOP is a package policy specifically for small retailers,
wholesalers, owners of small offices, and other small
businesses whose operations are confined to an office setting. Some small
service and processing businesses such as bakeries, shoe repair shops, and
printing shops are also eligible.
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Why do you need a BOP?
CBIC's BOP provides financial security to permit the small business owner
to focus on running a profitable business. In our society, defending against
even a minor legal complaint is costly.
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What are the highlights of CBIC's BOP Program?
- Contingency Available
- Rating Program Available Online
- ACORD Applications Accepted
- New Ventures Accepted with Credit Approval
- Great service
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What affects your insurance costs?
Insurers have many different rating formulas to generate premium quotations.
The following factors are some of those that generally affect the amount of
your premiums.
- Business type
- Construction type and building age
- Business location
- Building Security features, including alarms, sprinklers,
and whether your immediate neighbors present any fire hazards
- 3 to 5 year claims history of your business
- Management experience, credit worthiness years in business,
and financial stability
- Liability and property limits of insurance
- Elected optional coverages
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What coverages are available on CBIC's BOP Policy?
- Buildings including fixtures and permanently installed
machinery and equipment
- Business Personal Property that you own that is used
in your business
- Loss of Business Income and Extra Expense sustained
if a loss causes the business to slow or close down while repairs are made
- Business Liability and Medical Expenses including Personal
and Advertising Injury
- Employee Dishonesty
- Mechanical Breakdown
- Employee Benefits Liability
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CBIC's BOP Policy includes the following coverage
enhancements:
Building Extensions
- Backup of Sewer & Drain
- Exterior Glass
- $10,000 Increased Cost of Construction (Coverage C)
- $10,000 Outdoor Property ($500/tree) Limited Perils
- $10,000 Signs attached to the building
- $500,000 Newly Acquired Building (60 days to report)
Personal Property Extensions
- $25,000 Accounts Receivable
- $1,000 Cost of Preparing Inventory
- $2,500 Forgery & Alteration
- $2,500/$1,000 Money & Securities
- $1,000 Money Orders & Counterfeit Paper
- $5,000 Personal Effects (excludes tools & theft)
- $10,000 Property Off Premises
- $5,000 Salesmen samples
- $25,000 Valuable Papers
- Computer Equipment (including mechanical breakdown,
electrical disturbance and power supply disturbance) included in Personal
Property limit
- $250,000 Newly Acquired Personal Property (60 days
to report)
Miscellaneous Extensions
- $10,000 Arson Award
- $5,000 Off Premises Power
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