COVERAGE TYPE | DESCRIPTION OF COVERAGE | VALUATION | CO-INSURANCE | MAXIMUM LIMITS AVAILABLE | DEDUCTIBLE INFORMATION |
THEFT DEDUCTIBLE | ALL OTHER PERILS DEDUCTIBLE |
OFFICE CONTENTS | This coverage applies to miscellaneous office contents and equipment, furniture and fixtures usual and incidental to the applicant’s business, the applicant’s property or the property of others for which the applicant is legally liable. Contents must be located in the building or in the open (or in a vehicle) within 100 feet of the insured’s physical location. Earthquake and Flood are excluded. | Replacement Cost | 90% | $2,000,000 | $2,500 | $1,000 |
MISCELLANEOUS TOOLS AND SMALL EQUIPMENT | This coverage is intended to cover hand tools, compressors, generators, nail guns, paint sprayers, cell phones and similar items. The maximum value of any one tool is $1,500. | Actual Cash Value | 80% | $2,000,000 all contractors equipment (total insured values) | $2,500 | 1% of the amount of insurance on the item(s) lost or damaged but not less than $500 |
COMPUTER SYSTEMS - HARDWARE | This coverage applies to the applicant’s programmable electronic equipment that is used to store, retrieve and process data and other associated equipment such as printers. | Replacement Cost | 90% | $50,000 total insured values with a $5,000 maximum for extra expense | $1,500 | $500 |
COMPUTER SYSTEMS - DATA AND MEDIA | This coverage applies to data stored on media and programming records used for electronic data processing or electronically controlled equipment. Media includes such items as software, films, tapes, discs, drums or cells. | Replacement Cost | 90% |
COMPUTER SYSTEMS - EXTRA EXPENSE | This coverage is intended to cover those extra expenses required to avoid or minimize the suspension of business and to continue business operations. | Replacement Cost | 90% | $5,000 |
SCHEDULED EQUIPMENT - LIGHT/MED | This coverage is intended to cover equipment such as tractors, fork lifts, compressors, portable generators, scaffolding, portable welders, portable concrete mixers, light plants, job site trailers and those small tools valued more than $1,500. Items will be specifically listed and scheduled on the policy. | Actual Cash Value | 80% | $2,000,000 all contractors equipment (total insured values) | $2,500 | 1% of the amount of insurance on the item(s) lost or damaged but not less than $500 |
SCHEDULED EQUIPMENT - HEAVY | This coverage is intended to cover equipment such as loaders, bulldozers, graders, scrapers, and power shovels. Equipment used in asphalt plants, demolition, dredging, farming, logging, mining, oil field, landfill, roofing, scrap yards or cranes, booms, material handling conveyer equipment are types of equipment that are not eligible for coverage. | Actual Cash Value | 80% | $2,000,000 all contractors equipment (total insured values) | $2,500 | 1% of the amount of insurance on the item(s) lost or damaged but not less than $500 |
INSTALLATION FLOATER | This coverage applies to materials and supplies intended for installation, while in transit and at the job sites or at premises owned or leased by the insured if the material is designated for installation at a specific job site. | Replacement Cost | 90% | $500,000 | $2,500 | $1,000 |
RENTED/LEASED EQUIPMENT | This coverage applies to equipment rented or leased from others. The lease or rental term on the equipment cannot exceed 12 consecutive months. | Actual Cash Value | 80% | $500,000 | $2,500 | 1% of the amount of insurance on the item(s) lost or damaged but not less than $500 |