Secure Businessowners® Endorsements
WE COVER CLAIMS FOR VARIOUS ASPECTS OF YOUR BUSINESS EXPOSED TO RISK.
Cyber Suite Coverage
· Frederick Mutual offers our BOP policyholders Cyber Suite coverage addressing data breaches, cyberattacks and other cyber exposures businesses face today, providing both First and Third Party coverage components.
· Learn more about this coverage and these exposures, go to: Cyber Suite Information
· Contact your underwriter for a quote; most quotes don’t require additional an app.
· Cyber Suite Insureds have complimentary access to a host of risk management tools and support, like cyber risk assessment tools, best practices tips, and even employee training modules to improve cyber awareness and minimize exposures:
· For additional information regarding this value-added support, go to: https://eriskhub.com/FrederickMutual
Employment Practices Liability Coverage
· Frederick Mutual offers our BOP policyholders Employment Practices Liability coverage, responding to charges of alleged discrimination, harassment, wrongful termination and other wrongful employment acts occurring in the workplace, providing for both Liability and Defense within the Limit.
· Learn more about this coverage and these exposures, go to: EPL Coverage
· Contact your underwriter for a quote; most quotes don’t require additional an app.
· Employment Practices Liability Insureds have complimentary access to a host of risk management tools and support, including templates for an Employee Handbook and other employee procedural policies, employee training modules and even access to a Legal Advice Line (use of this Legal Advice Line does not erode the limit of coverage) to improve awareness of these risks while providing a level of support they likely don’t have internally.
· For additional information regarding this value-added support, go to: EPL Coverage Help
For all your additional EPL assets please visit this link.
Equipment Breakdown Coverage
Frederick Mutual offers our Secure® BOP policyholders coverage for equipment prone to breakdown within the office setting. Here are the following categories where we offer coverage:
Electronic Circuitry Impairment Coverage:
Covers damage that is undetectable, due to microscopic components. It replaces equipment or equipment parts containing electronic circuitry to restore functionality
Cloud Computing Service Coverage:
Pays for data research, repair and restoration services, lost business income and extra expense when an insured’s cloud service provider experiences an outage due to Equipment Breakdown
Data Restoration Coverage:
Covers data on an insured’s own equipment and data stored in the cloud when a cloud provider experiences a covered service interruption (e.g. loss of electrical power)
Off-Premises Coverage:
Address the frequent occurrence of smaller, portable equipment exposures for a mobile workforce. Business income, extra expense, and data restoration included, in addition to property damage.
Public Relations Coverage
Reimburses for PR firm services when an equipment breakdown risks a business’ good standing. Professional public relations services paid to manage a company’s reputation when Equipment Breakdown causes a business income loss.
Miscellaneous Professional Liability Coverage
Frederick Mutual offers insurance coverage for eligible professional service providers generating up to $1,000,000 in revenue for mistakes made during the performance of their services.
Coverage Highlights:
Claims-made basis; defense costs within limits
Liability and defense costs from claims that allege errors or omissions in the rendering of professional services
Access to specialty law firms and experienced claim specialists
Optional Aggregate Limits of Liability range from $10,000 to $100,000 including defense costs
Contractors E&O Coverage
Frederick Mutual protects the work of small business “artisan-type” contractors if it is damaged due to unintentional faulty workmanship.
Coverage Highlights:
Over 40 eligible classes such as appliance installers, carpet installers, electricians, HVAC professionals, fence erection contractors, carpentry contractors, painters, select specialty trade contractors, plumbers and more
Claims-made basis; defense cost within limits
Responds to third-party customer demand resulting from “property damage” to “your work”, “your product”, and “impaired property” caused by a contractor’s “Wrongful Act” in rendering (or failing to render) “Contractor Services”
Commercial Umbrella Coverage
Complement your Frederick Mutual Secure® Businessowners Policy with a commercial umbrella which provides added security and liability protection for your business.
Coverage Highlights:
Available limits of $1,000,000 to $5,000,000
Must write underlying Secure® BOP
Extends over B++ rated Workers Compensation Carriers
Commercial Umbrella is available in all states of operation
Commercial Auto Coverage
Need insurance for your business’ vehicle(s)? Frederick Mutual offers insurance for non-fleet vehicles, ideally with five or less power units (not including trailers).
Coverage Highlights:
Vehicles with a gross vehicular weight under 45,000 pounds
Local or intermediate driving radius (less than 200 miles)
All vehicles must be owned or leased by the named insured
MVR’s pulled for all drivers annually
Coverage must be accompanied by Frederick Mutual Secure® BOP