Commercial Quote Help Section

 

Description of Risk

Please describe primary occupancy as it applies to the applicant.

Fire Walls / Fire Divisions

Fire walls or fire divisions are concrete separations which are built into the building to prevent fires from spreading throughout the building.

Loss of Business Income

You may select 1/3, 1/4, or 1/6 as the applicable fraction, which in effect provides the option of choosing coverage for 3, 4, or 6 months. For example, if you determine that the maximum monthly income loss could not exceed $40,000 and the maximum possible period of interruption could not exceed 3 months, it would be appropriate to buy $120,000 of coverage with the 1/3 option and no co-insurance requirement. Coverage is limited to a maximum recovery amount per month, but the coverage period could be extended until the limit of insurance is exhausted.  Company will pay lesser of actual loss sustained or limits stated in declarations.