Insurance for Property, Liability and Business income

A business owner policy (BOP) combines protection for all major property and liability risks in one package. This type of policy assembles the basic coverages required by a business owner in one bundle. It is usually sold at a premium that is less than the total cost of the individual coverages.

Business Owners Policy (BOP)

Commodore HOT Classes of BOP Business

  • Condominiums - Residential Condominium  Associations

  • Apartment Building - Over 4 families with no office occupancy

  • Casual Dining - Family-style Restaurants w/sales of alcoholic beverages up to 50% of  sales 

  • Apartment Building - Over 4 families with office occupancy

  • Casual Dining - Family-style Restaurants with no sales of alcoholic beverages

  • Not Otherwise Classified - Office

LESSOR'S & HABITATIONAL PROGRAMS

Building Features

  • 1940 and Newer​ (Lessor's Program)

  • 1960 and Newer (Habitational Program)

  • Vacancy Rates less than 25%

  • Smoke and Fire Detectors Required

  • Additional "Credits Available" for the following:

    • Sprinkler​ System

    • Documented Building Update within last 30 years - Roof, Wiring, Plumbing and HVAC

    • 1990 and Newer

    • Clean Loss Experience (3+ years)

 

​Building Management

  • Additional "Credits Available" for the following:
    • ​Professional Property Managed​

    • Documented Maintenance Scheduled/Protocol

    • COI Requirements for Tenants 

      • With building owners listed as Additional Insured​ (Lessor's Program)

      • $1M liability requirement (Lessor's Program)

      • Liability Insurance requirement (Habitational Program)

    • On Site Maintenance Personnel

Submission

Coverage Highlights

  • Up to $80M Total Insured Value per Building

  • Business Income (Actual Loss Sustained Available)

  • Liability Limit up to $2/4M (Occurrence/Aggregate)

  • Personal and Advertising Injury up to $2M

  • Blanket Additional Insured Endorsement

  • Building Owner's Enhancement Package (Habitational Program)

  • Apartment Enhancement Package (Habitational Program)

 

(BOP) Business Owner's Package Policy​​

  • Retail Shopping Centers
    • Restaurant Tenants​

    • Retail Tenants

    • Office Tenants

    • ​Laundry Tenants

    • Market/Grocery/Convenient Store Tenants

  • Commercial Distribution Buildings (Non MFG Tenant)

  • General Office Building/High-rise Office Buildings

  • Mixed-use Buildings (Office/Retail/Restaurant)

(CPP) Commercial Package Policy

  • Minimum Premiums $10,000

  • Commercial Warehouse Buildings

    • Distribution Center Tenants​

    • Light MFG and Assembly Tenants

    • Cold Storage & Freezer Facilities

COVERAGE HIGHLIGHTS

Available Optional Coverages

  • Building Owner's Enhancement

  • Commercial Property Enhancement

  • Extended Replacement Cost Building

  • Hired and Non-Owned Auto Liability

  • Ordinance or Law

  • Equipment Breakdown

  • Water Backup and Sump Overflow

  • Earthquake Sprinkler Leakage​ (Lessor's Program)

  • Earthquake Sprinkler Coverage (Habitational Program)

  • Pest Damage (Habitational Program)

  • Crime (Habitational Program)

  • Employee Practice Liability (Habitational Program

  • Employee Dishonesty (Habitational Program)

  • Employee Benefits Liability Coverage (Habitational Program)

 

Building Owner's Enhancement (Lessor's Program)

  • Debris Removal -$25,000 in excess of 25% loss
  • Fire Department Service Charge - $20,000
  • Fire Protection Device Recharge - $10,000
  • Lessor's Leasehold Interest - $25,000
  • Ordinance or Law - $50,000
  • Tenant Move Back Expense - $25,000
  • Utility Services - Direct Damage - $10,000

Building Owner's Enhancement (Habitational Program)

  • Debris Removal
  • Fire Department Service Charge
  • Fire Protection Device Recharge
  • Lessor's Leasehold Interest
  • Ordinance or Law
  • Tenant Move Back Expense
  • Utility Services - Direct Damage

Commercial Property Enhancement (Lessor's Program)

  • Debris Removal - $20,000

  • Fire Department Service Charge - $25,000

  • Pollutant Cleanup and Removal - $25,000

  • Accounts Receivable - $25,000

  • Electronic Data Processing Equipment - $25,000

  • Extra Expense - $25,000

  • Fire Protection Device Recharge - $10,000

  • Money and Securities - $10,000

  • Off premies Power Failure - Direct Damage - $25,000

  • Ordinance or Law Coverage - $25,000

  • Spoilage, Contamination, Change in Temperature or Humidity - $25,000

  • Water Backup of Sewers and Drains - $25,000

  • Newly Acquired or Construction Property Building - $500,000

  • Newly Acquired or Construction Property Personal Property - $500,000

  • Personal Property of Others - $10,000

  • Outdoor Property - $10,000

  • Fine Arts - $15,000

  • Outdoor Signs - $10,000

  • Property in Transit - $10,000

  • 60 days Extended Business Income

Apartment Owners Enhancement (Habitational Program)

  • Debris Removal

  • Fire Department Service Charge

  • Pollutant Cleanup and Removal

  • Fire Extinguishers Systems Recharge Expense

  • Reward Payment

  • Ordinance or Law-Building

  • Tenant's Property Legal Liability

  • Lock-out OR Sale, Removal and Disposal Liability Coverage

  • Heating and air-conditioning Loss Reimbursement

2700 Ygnacio Valley Road, Suite 190

Walnut Creek, CA 94598

License# 0799348