Business Insurance

A Smart Investment

You know your business inside and out. You make sure everything runs like clockwork.

Do you have the right plan to protect your people, property, and profits, though? Let Pekin Insurance help you with business coverage that’s second to none.

Here are some of the business coverages we offer:

• Commercial Auto
• Commercial General Liability
• Commercial Property
• Commercial Umbrella
• Businessowners Package Policies
• Workers Compensation
• Inland Marine
• Equipment Breakdown
• Employment Practices Liability Coverage
• Garage Liability
• Bonds

  For all kinds of Businesses

  We have carefully crafted business insurance plans for:

• Residential Contractors
• Homebuilders
• Restaurants
• Self- Storage
• Auto Repair
• Retail Businesses
• Condominium Associates
• Apartment Complexes
• Office Buildings
• Churches
• Dealerships (Auto, Motorcycle, Boat, RV)
• Distributors
• Funeral Homes
• Glass Dealers And Glaziers
• Machine Shops
• And More

Deluxe Businessowners Policy: Business Coverage Beyond the Basics

When you run or own a business, you need all the help you can find. It’s far from easy!

That’s why Pekin Insurance offers the following deluxe businessowners policy (BOP) coverages to safeguard your hard work:

• Business Income Coverage: Provides on an actual loss sustained basis for up to 12 months, coverage for loss of business income you sustain due to shutdown of your business operations resulting from a covered loss.
• Extra Expense Coverage: Provides on an actual loss sustained basis for up to 12 months, coverage for necessary extra expenses you incur that you would not have incurred resulting from a covered loss to avoid or minimize the shutdown of your business operations.
• Peak Season: Your Business Personal Property limit automatically increases by 25% to provide for seasonal variations.
• Employment Practices Liability Coverage: Coverage for damages arising from negligent employment practices.
• Equipment Breakdown Coverage: Provides additional coverage for direct physical mage for accidental loss to covered equipment caused by mechanical breakdown; artificially generated electrical current; explosion of steam boilers, steam pipes, steam engines, or steam turbines owned, leased, or operated under the insured control; and loss or damage to steam boilers, steam pipes, steam engines, steam turbines, hot water boilers, or other water heating equipment cause by or resulting from a condition or event inside the boilers or equipment.

Businessowners Policy

The Businessowners Policy is a comprehensive package policy designed to address the property and liability exposures of small to medium- sized businesses. Some of the types of businesses that may be written on a Businessowners policy include offices, retail stores, and service and processing businesses, just to name a few. This specialized policy provides coverages essential for quality protection at an affordable price.

The Businessowners Policy Automatic coverages:

Building, which includes…

• Exterior Building Glass
• Attached Signs
• Completed Additions
• Fixtures
• Permanently installed machinery and equipment

  Business Personal Property, which includes…

• Property owned by the insured and used in the insureds business
• Property of others the insured care, custody, or control (Actual Cash Value)
• Tenant’s improvements and betterments
• Leased personal property for which the insured has a contractual responsibility to insure

  Business Liability, which includes…

• Premises/Operations
• Products- Completed Operations
• Personal Injury
• Advertising Injury
• Medical Expenses
• Fire Legal Liability

  Time Element Coverage, which includes…

• Business Income- actual cost sustained (net income and continuing normal operating expenses) for up to 12 moths
• Extra Expense- necessary extra expenses incurred, for up to 12 months

  The Businessowners Policy Optional Coverages:

• Additional Insureds
• Computer Coverage
• Computer Fraud
• Condominium Commercial Unit Owners Loss Assessment
• Condominium Commercial Unit Owners Miscellaneous Property
• Directors and Officers Liability (claim made)- Condominiums
• Earthquake
• Employee Benefits liability (claim made)
• Employee Dishonesty
• Employers Liability (Stop GAP) Coverage (where required)
• Exterior Building Glass- Tenants Coverage
• Interior Building Glass
• Hired auto Liability
• Liquor Liability
• Mine subsidence (where available)
• Non- Owned Auto Liability
• Ordinance or Law
• Outdoor Signs
• Professional Liability_ Barbers and Beauticians, Funeral Directors, optical and Hearing Aid Establishments, Printers Errors and Omissions, Veterinarians
• Spoilage
• Tenants Liability
• Utility Services- Direct Damage
• Utility Services- Time Element
• Water Back- Up