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Basic Liability & Property Insurance
You've worked hard to build your dream into a business
reality. Let PENTECO Insurance build a business
insurance plan to protect that hard-won business.
We've made it our goal to understand the unique
exposures and important issues that need to be
considered when customizing an insurance package for a
business like yours. And we offer a broad array of
coverage products to meet those needs at a competitive
price.
Business Owners Policy
• You do most of
your work off premises.
Most property policies do not provide Business Personal
Property coverage away from the insured’s premises.
Spectrum provides a $2,500 base limit for a variety of
Business Personal Property items including tools,
equipment, materials and supplies whether they are at a
job site or in transit. The Contractor’s Stretch
endorsement enhances this offering with $10,000 of
Installation coverage, $10,000 for Contractor’s
Equipment and $1,000 for Contractor’s Tools. Higher
limits may be available.
• Your employees
often use their own tools.
When employees’ tools are left on the insured’s
premises, they are covered within the Business Personal
Property limit.
• The price of
copper is rising. Copper
theft at job sites is a problem and incidents of
employee theft may be an issue. Our Contractor’s Stretch
endorsement provides Employee Theft coverage for
$25,000.
• You are tech
savvy.
Computer equipment is essential to
your day-to-day operations and project management and
bid preparation require sophisticated, industry-specific
software. Coverage for laptop computers, palmtops and
similar equipment is provided under the Contractor’s
Stretch for $5,000. The Hartford’s Optional Computers
and Media form provides coverage for virus damage to
computer equipment and software data. Limits are
available up to $500,000 on Spectrum.
•
Cell
phones are a business necessity.
Spectrum
covers cell phones as Business Personal Property.
Optional coverage is available up to $300,000 for mobile
cellular phones, beepers and pagers on or away from an
insured’s premises.
• Your work can
be hazardous for your customers if they have to live or
work in a “construction zone.” In addition,
subcontractors may cause property damage to work in
progress. Spectrum
offers some of the broadest business liability coverage
in the industry. Medical Expenses Coverage and Damage to
the Insured's Work by Subcontractors are both included
in Spectrum. All contractors’ policies written by
The Hartford are automatically endorsed with a Per
Project Aggregate, so the policy’s aggregate limits are
extended to each of the insured’s projects.
Workers’ Compensation
•
Your
day-to-day work involves risks.
When injuries occur, they can be catastrophic. The
Hartford provides access to over 400,000 healthcare
providers experienced in workplace injuries. Network
contracts help keep medical expenses and premiums
competitive.
•
Your cash
flow can be erratic.
The Hartford offers a
convenient way to manage cash flow with XactPAY® our
patent pending payroll billing solution for workers’
compensation. Benefits to you include no large down
payment, pay-as-you-go premium charges based on actual
payroll, and mitigation of audit surprises at the end of
the policy period.
Commercial Auto
The Hartford offers
broad auto insurance enhancements
including the extension of physical
damage coverage to many types of electronic equipment
that is permanently installed and powered by the
vehicle's electrical system.
Many contractors
find that it is cost effective to rent heavy power units
to enhance a fleet during peak periods of work.
If Comprehensive,
Specified Causes of Loss or Collision coverages are
provided in commercial auto policy, then we extend
Physical Damage Coverage to hired autos.
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