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This product provides you with the benefits of a comprehensive package of protection and the flexibility to meet the specific needs of your business. This product was designed for buildings principally occupied by offices, retail, service and wholesale businesses. Pricing discounts are available for businesses that qualify.
Automatic Property Coverages for building owners include:
- Building, which helps replace or repair your building if it is damaged by a covered loss.
- Business Income and Extra Expense, which covers you in the event your business has to close due to a covered loss. You will be reimbursed for your actual loss of income and the extra expenses you incur for up to one year.
- Water Backup and Sump Overflow, including coverage for damage to your building due to water backup from a sewer or drains, or overflow from a sump pump.
- Identity Recovery Coverage, which includes expense reimbursement and identity recovery services to assist in resolving and correcting your credit history and identity records. Both you as the owner and full-time employees of your business are covered.
Automatic Liability Coverages provide protection, including:
- Business Liability, protection for damages related to bodily injury, property damage and personal and advertising injury that arise out of your business.
- Employment Practices Liability, which will protect you from claims made alleging injury to your employees due to work-related discrimination, negligent hiring or termination, or harassment.
In addition to our automatic coverages, our Optional Coverages allow you to truly customize your policy to meet your unique needs.
- Data Compromise covers the cost of notifying and providing identity restoration assistance to individuals whose personal information has been lost, stolen or inadvertently published while in your care, custody or control. This coverage provides protection for customers, clients, vendors and others.
Merchants Advantage Plus® Building Owners also offers a number of Money-saving discounts, such as:
- Multiple Policy Discount, for those policyholders that have more than one commercial policy with Merchants.
- Multiple Location Discount, if you have more than one location on the same policy.
- Protective Device Discount, for fire or burglar alarms.
- Sprinkler Discount, if your building is protected by an automatic sprinkler system.
NOTE: Not all coverages and discounts are available in all states. Availability of coverage is subject to specific underwriting guidelines. See your Merchants’ independent agent for details and a quote. |
