Office Select · • Insurance Brokers • Real Estate Agents • Legal Services ... Mortgage Rate...
Transcript of Office Select · • Insurance Brokers • Real Estate Agents • Legal Services ... Mortgage Rate...
Office SelectWawanesa Office Select is designed for offices.
Select categories of business include, but are not limited to:
• Accountants
• Insurance Adjusters
• Insurance Brokers
• Real Estate Agents
• Legal Services
• Medical Services
How Wawanesa works for you…
On a long weekend in May, our policyholder experienced a total telephone system failure due to a power surge. Extensive damage was caused to a number of major components, requiring the installation of new replacement equipment. The repair company could not pinpoint the actual cause of the surge; lightning was ruled out as a possibility as no electrical storms were reported at the time of loss. The system was down for one working day. Employees were able to conduct business using cellular phones.
Coverage: Equipment Breakdown
Final Loss Settlement Amount: $38,215
Office Select Highlights
• Equipment Breakdown – Option 3
• Flex Protect*
• Leasehold Interest*
• No Coinsurance
• Valuable Papers and Records*
• Business Income – ALS
• Internet Service Provider Breakdown*
• Computer Fraud*
• EmployeeBenefitsLiability*
• Tenants Legal Liability (same limit as Business Liability)
• Data Compromise Coverage – Cyber Response Expense
*AvailablewithOfficeSelectProtect Plus
See reverse for full list of coverages.
Select Series Product Features
SELECT PROTECTAmount of Insurance
OFFICE SELECT PROTECT PLUSAmount of Insurance
PROPERTY
Automatic Fire Suppression System - Accidental Discharge
$5,000 Flex Protect*
Blanket By-Laws -- Included
Blanket Glass Included Included
Brands and Labels -- $50,000
Business Contents – Amounts of Insurance – Seasonal Increase
25% of Business Contents Limit
25% of Business Contents Limit
Catch All Clause -- $25,000
Consequential Loss Included Included
Cost of Preparing Proof of Loss $1,000 Flex Protect*
Conviction Reward -- $10,000
Damage to Building by Theft Included Included
Data Compromise Coverage – Cyber Response Expense
$50,000 $50,000
Debris Removal Including Windstorm $5,000 $100,000
Eco-Friendly Coverage Enhancement - $50,000
Equipment Breakdown – Option 3 Included Included
Fire Department Service Charge $5,000 Flex Protect*
Flex Protect* -- Included
Increased Off Premises – Business Contents
Sales Representative
Unnamed Locations (including Exhibition)
Transit (Including mail or courier services)
$5,000 $50,000
Increased Repair Costs Required By Law $25% of Building Limit See Blanket By-Laws
InflationProtection Included Included
Installation Coverage -- $10,000
Jewellery -- $10,000
Leasehold Interest -- $25,000
Loss Caused by Damage to Off Premises Utilities -- $50,000
Newly Acquired Property:
Newly Acquired BuildingsBusiness Contents at a Newly Acquired LocationNewly Acquired Business Contents
25% ($250,000 max)
10% ($100,000 max) --
$1,000,000
$500,000
$100,000
No Coinsurance Included Included
Outdoor Signs -- $25,000
Personal Effects and Property of Others $2,500 Flex Protect*
Pollutant Clean Up and Removal $10,000 $50,000
Preservation of Property Included Included
Tools - $10,000
*FLEX PROTECT - $250,000 Annual Aggregate Blanket Limit Including:
Accounts Receivable Coverage Fire Department Service Charge
Automatic Fire Suppression System - Accidental Discharge
Master Key
Cost of Preparing Proof of Loss Outdoor Trees, Shrubs and Plants
Exterior Paving Personal Effects and Property of Others
Fine Arts Valuable Papers and Records
Effective Date: December 1, 2018 Conditions, limitations and exclusions apply. Please refer to the full policy wordings for details.
SELECT PROTECTAmount of Insurance
OFFICE SELECT PROTECT PLUSAmount of Insurance
LOSS OF INCOME
Business Income – Actual Loss Sustained Included Included
Internet Service Provider Breakdown -- $2,500
Contingent Business Income
Contingent Property
Neighbouring Property
----
$50,000$50,000
Loss Caused by Damage to Off Premises Utilities – Business Income
--$25,000
Extra Expense -- $50,000
Mortgage Rate Guarantee -- $50,000
Retailers Product Impairment $5,000/$25,000 Aggregate
$10,000/$50,000 Aggregate
CONDOMINIUM CORPORATION COVERAGE EXTENSIONS
Trustee's Fees -- $50,000
Common Expense -- Included
Property Managers Claims Expense -- $25,000
Additional Living Expense -- $10,000
CRIME
Employee Dishonesty $25,000 $25,000
Money and Securities $5,000 $10,000
Forgery and Alteration $5,000 $10,000
Money Orders and Counterfeit Paper Currency
$5,000 $10,000
Computer Fraud -- $10,000
Credit Card Forgery -- $10,000
Funds Transfer Fraud -- $10,000
Covered Property Amended to Include Customer Property
--$5,000
LIABILITY
Broad Form Completed Operations Included Included
EmployeeBenefitsLiability $1,000,000 $1,000,000
No Property Damage/ Bodily Injury Deductible Included Included
Legal Liability for Damage to Hired Automobiles -- $50,000
Non-owned Automobile Included Included
Tenants Legal Liability (same limit as Business Liability) Included Included
SELECT OPTIONS
Enhanced Replacement Cost Condominium Additional Protection Coverage
Sewer Backup Extended Business Income – 18 or 24 Months
Flood Data Compromise Coverage – Cyber Defence and Liability
Earthquake CyberOne Coverage – Computer Attack
Condominium Directors and OfficersLiability
CyberOne Coverage – Network Security Liability
Condominium Loss and Deductible Assessment