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 The Hartford has
the broad array of coverage products to meet those needs
at a competitive price.
Business Owner’s
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.
• Your work crews tend to come
and go.
You may employ part time workers
when needed. Incidents of employee theft may be an
issue. Our Contractor’s Stretch endorsement provides
Employee Theft coverage for $25,000.
• Because
accurate cost estimation is crucial to your work, you
may use computers and sophisticated software to aid in
cost estimation and to help
cluster jobs and track work in progress. The Hartford’s
Optional Computers and Media form provides coverage for
virus damage to computer equipment and software data.
Limits are available up to $2,000,000 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.
• Much of your
work involves chemicals.
Spectrum can
include a Pollution Exclusion – Limited Exception
provision and a Pesticide or Herbicide Applicator
Coverage endorsement.
Workers’ Compensation
•
Day-to-day work involves heavy machinery and power
equipment. Although the
injury rate for landscapers is in line with other
industries, when injuries do 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 under The Hartford's commercial
auto policy, then we extend Physical Damage Coverage to
hired autos. The Hartford provides coverage in excess of
the driver's personal auto policy up to the Hired Auto
Physical Damage limit. Our Hired Auto Physical Damage
limit was recently increased to $100,000.
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