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Business Insurance check list

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From the Insurance Information Institute, a list to help business owners review coverage they should consider.  You do not have to buy everything here, but you should think about these.  The losses that kill businesses are those that were not anticipated.

LIABILITY
□ Comprehensive General □ Premises/Operations
□ Products/Completed Operations □ Owners & Contractors Protective □ Contractual – Blanket □ Contractual – Schedule
□ Personal Injury □ Advertising Injury □ Medical Payments □ Broad Form Property Damage □ Watercraft □ Liquor liability □ Incidental Medical Malpractice □ Fire Legal Liability □ Employees as Insured □ Extended Bodily Injury □ New Organizations Insured □ Pollution and Clean-Up □ Limited Worldwide Products
□ Workers Compensation □ Aircraft □ Owned Automobiles □ Leases or Hired Automobiles □ Drive other car
□ Auto Medical □ Bailee Liability □ Directors & Officers’ Liability □ Employment Practices Liability □ Professional Liability □ Railroad Protective Liability □ Signs □ □ Pavements/Underground Property □ Glass □ Contamination/Pollution Clean-up and Removal □ Debris Removal □ Functional Replacement Cost □ Vacancy Permit □ Satellite Dishes
(more)
BUILDINGS
□ Basic Causes of Loss □ Broad Causes of Loss □ Special Causes of Loss □ Coinsurance
□ Earthquake □ Flood □ All Risk DIC (Difference in Conditions
or Gap Filler Coverage) □ Replacement Cost □ Inflation Guard □ Agreed Value □ Building Ordinance □ Outdoor Property □ Signs □ Pavements/Underground Property □ Glass □ Contamination/Pollution Clean-up and
Removal □ Debris Removal
□ Functional Replacement Cost □ Vacancy Permit □ Satellite Dishes
BUSINESS INCOME
□ Business Income □ Loss of Earnings
□ Continuing Expenses □ Extra Expenses
□ Dependent Properties □ Extended Period of Indemnity □ Payroll Limitation/Exclusion □ Tuition and Fees □ Building Ordinances
BOILER AND MACHINERY
□ Boiler and Machinery □ Business Income □ Outage
Insurance Business Owners Checklist Page 2
BUSINESS PERSONAL PROPERTY
□ Basic Causes of Loss □ Broad Causes of Loss □ Special Causes of Loss □ Earthquake
□ Flood □ Value Reporting Form □ Replacement Cost □ Peak Season Form □ Improvements and Betterments □ Manufacturer’s Selling Price □ Valuable Papers/Records □ Accounts Receivable □ Crops □ Animals □ Auto Physical Damage □ Aircraft Physical Damage □ Marine Hull Damage □ Transported Property □ Equipment Floater □ Salesperson’s Floater □ Installation Floater □ Processing Floater □ Parcel Post □ Computers □ Other High Value Property □ Coinsurance
MANAGEMENT PROTECTION
□ Life
□ Key Person □ Proprietor □ Partnership □ Corporation
□ Business Continuation □ Retirement Continuation □ Retirement Benefits □ Personal Auto Liability □ Offers’ and Directors’ E&O □ Split Dollar □ Deferred Compensation □ Disability Buyouts □ Overhead Insurance
HUMAN FAILURE
□ Employee Dishonesty □ Blanket
□ Schedule □ Money and Securities
□ Other Property □ Forgery and Alteration □ Computer Fraud □ Extortion □ Innkeepers □ Lessees of Safe Deposit Boxes
□ Safe Depository □ Securities Deposited with Others
□ Public Employees Bond □ Financial Institutions Bond
EMPLOYEE PROTECTION
□ Group Life □ Group Disability □ Major Medical □ Accidental Death and
Dismemberment □ Hospitalization — Surgical □ Pension □ Profit Sharing □ Keogh □ ESOP □ Dental □ Vision Care □ Legal Expenses □ SEPPs (Substantially Equal Periodic
Payments)

Written by gbwinsurance

August 17, 2010 at 6:14 am

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