Business Insurance - Property

Our Businessowners Policy (BOP) is a package policy designed for offices, apartments, retail stores, wholesalers, limited-cooking restaurants, mini-warehouses, and service and processing businesses.

Property coverage is included along with liability coverage on the basic BOP policy. You can add a number of additional coverages based on the needs of your business.  Your independent agent will work with you to determine what you need to have on your policy.

If you need specialized coverage for your business beyond what the BOP policy offers, we can tailor a commercial package policy to cover your business.

Protection for your property included in the BOP:

• Buildings
• Property used in your business
• Income lost as a result of damage to your business or the inability to conduct business due to a loss elsewhere
• Extra expenses incurred as a result of a loss
• Coverage for locations or property you acquire for your business
• Exterior and interior glass
• Debris removal

Additional property coverage you can add:

For those times when you want additional security, we've got you covered with a variety of optional coverages.

• Equipment breakdown
• Earthquake
• Utility services
• Fine arts
• Scheduled property - for specific valuable items
• Tools
• Commercial articles
• Computer fraud and funds transfer fraud

Expand on the property coverage included:

You can add extra protection for certain types of losses that may have limited or no coverage in the standard property and liability coverages.

• Money and securities
• Forgery and alteration
• Fine arts
• Employee dishonesty
• ccounts receivable
• Valuable papers and records
• Ordinance or law coverage
• Computer and software coverage including mechanical breakdown
• Arson reward
• Credit card invoices
• Fire department service charge
• Fire extinguisher recharge expense
• Lock replacement
• Loss of food in refrigerator or freezer
• Off premises power interruption
• Outdoor property
• Signs
• Personal effects and personal property off premises
• Property in transit
• Vacancy condition amended from 70 percent to 90 percent
• Business income from dependent properties

For more information on our BOP product, download our BOP brochure (PDF).

Small Business Owners' Guide to Insurance:

The Insurance Information Institute (III) provides this online resource to help you decide what kinds of insurance you need for your business.  Get this free guide at www.iii.org/smallbusiness.

Call your agent today and ask about Westfield. We're here to help you. To help you talk to your agent about your insurance needs, use our Small Business Checklist.