AmTrust BOP Product and Eligibility Guide

Transcription

1 nails AmTrust BOP Product and Eligibility Guide AmTrust Businessowners Policy AmTrust North America AmTrust Financial s, Inc. Edition Date Back to the Contents Revision Page 9/07/2011 Page 1

2 AMTRUST BUSINESSOWNERS POLICY UNDERWRITING & ELIGIBILITY GUIDE Welcome to the AmTrust Businessowners product. Our goal is to provide excellent coverage, at fair prices, with ease of use. Thank you for considering our product. Contents Page Click the content links below to move directly to a section or click Ctrl F on your keyboard to search this document Product Administration Coverage including Liquor Liability. 6 Total Insured Values (TIV) Eligibility Codes Appendix A Expansion Coverage (per location) Appendix B Endorsement Coverage Summary Appendix C.. 52 AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 2

3 AMTRUST BUSINESSOWNERS POLICY UNDERWRITING / PRICING GUIDE PRODUCT ADMINISTRATION CUSTOMER CARE AND POLICY MAINTENANCE General issues: System issues: Please contact your Account Representative or Underwriter Call our Customer Center at 1 (877) , or at: csr@amtrustgroup.com Endorsements and cancellations: Time sensitive policy corrections: amtrustendorsements@amtrustgroup.com ANA2fix@amtrustgroup.com QUOTATIONS, UNDERWRITING ACCEPTABILITY AND BINDING Eligible risks may be quoted at: Current BOP Materials are listed at: Materials include the Current BOP Guidelines and Eligibility, System Use Guidelines, and a 3 minute system video demonstration everything that you need to use our BOP. Both Property [building and/or business personal property] and Commercial General Liability covering that property must be provided under the AmTrust BOP Policy. Omission is not authorization, so please refer any risk that is not clearly shown as eligible to avoid awkward situations including unnecessary endorsements or cancelations. Upon binding new business appointed Agents will receive a policy number and a pdf policy will be ed to the Agent within 2 business days. A hard copy policy will be mailed to the agent within 5 business days and any invoices for payments will be mailed directly to the Insured. Any subsequent payments will be billed along with any other lines of insurance in a common invoice. Agents that first bind policies, not those that first quote, are considered the Agent of record, any multiple bindings will be resolved as such barring any Agent of Record Letters. Renewal quotes and policies will be issued directly to Insured s with notification to the Agent. AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 3

4 APPLICATIONS and PHOTOGRAPHS An application must be completed and maintained in each policy file for Agent records. An electronically transmitted application can be maintained in lieu of a paper copy. Applications may be required for risks referred to Underwriters. Minimum of two photographs are required for each risk written. These photographs must be maintained in the company underwriting file. MINIMUM PREMIUM and RATING INFORMATION The minimum premium charge is $500 per policy. Necessary rating information; ISO Fire Protection, Territory, Building and Content value when applicable, annual gross receipts, amount and type of Optional Coverage desired, annual gross liquor receipts where applicable, and the number of employees per location. PAYMENT PLANS As of the date of this manual all BOP payment plans are directly billed to the insured including the downpayment. Current payment plans range from pay in full to a 10 payments and include an EFT (Electronic Funds Transfer). None of the payment plans charge any fees. Please see for more details including addresses for mailing any payments that may have been collected by agents. Billing is all direct to the insured. Any payments for all lines on a common account are automatically bundled into a common invoice. NON-PAYMENT OF PREMIUM First cancellation: A reinstatement request will usually be honored if sufficient payment is received prior to the effective date of the cancellation. All subsequent reinstatements must be approved by the Regional UW Manager. Lapse in Coverage: The UW must approve first cancellation reinstatement requests, which are received after the effective date of cancellation and a Statement of No Losses must be completed and signed by the insured. DEDUCTIBLES The base property deductible is $500 per location, with options of $250, $1,000, $2,500. Deductible applies to all Building and Business Personal Property Coverages, both mandatory and optional with the exception of Business Income, Extra Expense, Civil Authority, Fire Department Charge, and Fire Extinguisher Systems Recharge Expense. AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 4

5 CERTIFICATES OF INSURANCE You may issue an Acord Certificate of Insurance (COI) for any insured as long as there is not any extraneous language or strike-outs and you keep a copy in your customer file we do not require that you send us a copy. BUILDING CONSTRUCTION CLASS DEFINITIONS Frame, Brick Veneer ISO 1: Buildings with exterior walls of wood or other combustible materials including construction where combustible materials are combined with other materials (such as brick veneer, stone veneer, wood ironclad, stucco on wood). Joisted Masonry ISO 2: Buildings where the exterior walls are constructed of masonry materials such as adobe, brick, concrete, gypsum block, hollow concrete block, stone, tile or similar materials and where the floors and roof are combustible (disregarding floors resting directly on the ground). Non-combustible ISO 3: Buildings where the exterior walls, floors and roof are constructed of, and supported by, metal, asbestos, gypsum or other non-combustible materials. Masonry Non-combustible ISO 4: Buildings where the exterior walls are constructed of masonry materials described in Paragraph b., with the floors and roof of metal or other non-combustible materials. Modified Fire-resistive ISO 5 or Fire-resistive ISO 6: Buildings where the exterior walls, floors and roof are constructed of masonry or other fire-resistive materials. SCHEDULED RATING PLAN The following table represents the logic and risk characteristics that in your judgment are not fully reflected in the base premiums or rates. The policy file should support your contentions. IRPM Rating Characteristics Management Knowledge in matters of proper care & handling of property covered Location Accessibility, adjacent exposures, congestion or isolation Building Features Age & unusual structural features Premises & Equipment Care, up-keep, condition & type Employees Selection, training, supervision and experience Protection Private or special protection not otherwise accounted for Excellent Very Good CREDITS Good Above Average Average Below Average DEBITS Poor Very Poor AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 5

6 COVERAGE Our BOP offers standard ISO BP (03/06) Property and Liability coverage including Business Income Actual Loss Sustained (ALS) and many of the ISO additional coverages and endorsements. Appendix B - provides a summary of coverages provided in our Company per-policy Expansion Endorsements, which are available in select States in our online system. Appendix C - provides a summary of coverages provided in our Company per-location Expansion Endorsements, which are available in select States in our online system Our BOP does not offer any Flood or Earthquake coverage. OPTIONAL LIQUOR LIABILITY The following occupancies are eligible for optional Liquor Liability Coverage - Cheese Shops - Convenience Stores - Delicatessens - Drug Stores - Gourmet Food Shops - Grocery Stores - Restaurants No Liquor Liability Coverage will be provided if insured had liquor license violation within last three years. AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 6

7 TOTAL INSURED VALUE (TIV) The total insured value for any one location includes building, business personal property (BPP), business income (BI) and extra expense (EE). o o If lacking actual business income and extra expense values use the greater of 50% of the business personal property limit or $500,000 for BI/EE TIV If no BPP is insured, use $100,000 for BI/EE TIV BOP TIV AND REVENUE LIMITS PER LOCATION TOTAL PROPERTY TIV PER LOCATION (Building and Property Limits) TOTAL ANNUAL REVENUE LIMIT PER LOCATION Habitation - Apartments, Residential Condominiums and Townhomes $3,000,000 $3,000,000 Convenience Store $3,000,000 $2,500,000 Grocery Store $6,000,000 $6,000,000 (Retail) $15,000,000 $15,000,000 Offices $15,000,000 $15,000,000 Processing / $15,000,000 $15,000,000 Restaurant $3,000,000 $5,000,000 Self-Storage $6,000,000 $5,000,000 Wholesale $6,000,000 $6,000,000 AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 7

8 ELIGIBILITY GUIDELINES Appendix A lists specific Codes The following types of businesses are generally eligible for coverage; however please refer to the Eligibility Guidelines below for specific information. Apartments, Residential Condominiums and Townhouses Convenience Food Stores Grocery Stores and Supermarkets Offices Restaurants /Retail Self-Storage and Processing Store Wholesalers Lessors Risk (LRO) for buildings occupied by eligible classes excluding all Motels or Restaurants GENERAL ELIGIBILITY All risks must pass our internal financial underwriting review ISO Public Protection es 1-7 are eligible, 8-10 are only eligible for specific eligible classes listed below and must be submitted for Underwriting approval Number of locations more than 4 locations must be submitted for underwriting review and approval Coastal Locations within 25 miles of the Eastern Seaboard or 75 miles of the Gulf of Mexico are ineligible Years in Business must have been in business for more than 1 year and any risks in business less than 3 years must be submitted Losses Risks with more than 3 losses, any weather loss over $25,000, or any non-weather loss over $10,000 in the past 3 years must be submitted for underwriting review and approval No vacant buildings or buildings more than 20% unoccupied for more than 60 days Liquor Liability is available on selected class codes as long as there has not been a liquor license violation within the last three years AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 8

9 LESSORS RISK (LRO) ELIGIBILITY (Appendix A lists specific Codes) Lessors Risks are eligible as long as the occupants meet our eligibility guidelines contained herein for specific risks. However, Hotels/Motels and Restaurants NOT eligible for LRO ISO Public Protection es 1-7 are eligible, 8-10 must be submitted for underwriting review and approval Number of locations more than 4 locations must be submitted must be submitted for underwriting review and approval Coastal Locations within 25 miles of the Eastern Seaboard or 75 miles of the Gulf of Mexico are ineligible Years in Business must have been in business for more than 1 year and any risks in business less than 3 years must be submitted for underwriting review and approval Losses Risks with more than 3 losses, any weather loss over $25,000, or any non-weather loss over $10,000 in the past 3 years must be submitted for underwriting review and approval No vacant buildings or buildings more than 20% unoccupied for more than 60 days AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 9

10 APARTMENTS, RESIDENTIAL CONDOMINIUMS and TOWNHOUSES ELIGIBILITY (Appendix A lists specific Codes) ISO Public Protection es 1-7 are eligible, 8-10 are ineligible Number of locations more than 4 locations must be submitted for underwriting review and approval Coastal Locations within 25 miles of the Eastern Seaboard or 75 miles of the Gulf of Mexico are ineligible Years in Business must have been in business for more than 1 year and any risks in business less than 3 years must be submitted for underwriting review and approval Losses Risks with more than 3 losses, any weather loss over $25,000, or any non-weather loss over $10,000 in the past 3 years must be submitted must be submitted for underwriting review and approval Annual Gross Revenue $3,000,000 maximum per location Total Insured Value (TIV) $3,000,000 total of buildings and personal property per location Building Age Greater than 20 years old must have COMPLETE renovations the roof and to the heating, electrical and plumbing systems Construction All construction types are eligible, however Apartments of all construction types require complete automatic sprinkler systems and hardwired fire/smoke detectors throughout and in each apartment Height No more than 2 stories Units No more than 10 units per building Buildings No more than 4 buildings per location Eligible Occupancies include mercantile (retail) and offices Ineligible: Family dwellings of less than 4 units or any boarding houses or rooms Locations with boat docks or piers Locations with more than 1 swimming pool or that have diving boards, slides, uncontrolled access or lack any life safety requirements Locations without a resident manager Locations without at least a 6 month lease with each tenant Restaurants occupancies make the entire building ineligible Sauna, steam-room or playgrounds of any type Vacant buildings or buildings more than 20% unoccupied for more than 60 days AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 10

11 CONVENIENCE FOOD STORES ELIGIBILITY (Appendix A lists specific Codes) ISO Public Protection es 1-7 are eligible, 8-10 must be submitted for underwriting review and approval Number of locations more than 4 locations must be submitted for underwriting review and approval Coastal Locations within 25 miles of the Eastern Seaboard or 75 miles of the Gulf of Mexico are ineligible Years in Business must have been in business for more than 1 year and any risks in business less than 3 years must be submitted for underwriting review and approval Losses Risks with more than 3 losses, any weather loss over $25,000, or any non-weather loss over $10,000 in the past 3 years must be submitted for underwriting review and approval Liquor Liability is available on selected class codes as long as there has not been a liquor license violation within the last three years Square Footage 5,000 maximum per building Annual Gross Revenue $2,500,000 maximum per location Total Insured Value (TIV) $3,000,000 total of buildings and personal property per location Building Age Greater than 30 years old must have COMPLETE renovations the roof and to the heating, electrical and plumbing systems Construction All ISO construction types Height No more than 1 story Minimum square footage 1,500 when the sale of gasoline is provided Ineligible: Automobile service or repair operations; gasoline sales over 75% of total sales, above ground fuel tanks, or with pumps without well marked easily accessible shut-off switches; car wash operations, Beer and wine sales over 25% of total sales or ANY liquor sales Check cashing Designated truck stops Playgrounds Propane or kerosene tank filling Seasonal operations or those open 24 hours Vacant buildings or buildings more than 20% unoccupied for more than 60 days Ineligible Related to Restaurants: Capacity over 15 seats Cooking appliances that emit smoke or grease-laden vapors that are NOT covered by an automatic extinguishing system meeting UL300 criteria of NFPA Standard #96, or that are NOT inspected under a current maintenance contract at least quarterly Open broiling or solid fuel cooking with wood, charcoal or mesquite AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 11

12 GROCERY STORES/SUPERMARKETS ELIGIBILITY (Appendix A lists specific Codes) ISO Public Protection es 1-7 are eligible, 8-10 must be submitted for underwriting review and approval Number of locations more than 4 locations must be submitted for underwriting review and approval Coastal Locations within 25 miles of the Eastern Seaboard or 75 miles of the Gulf of Mexico are ineligible Years in Business must have been in business for more than 1 year and any risks in business less than 3 years must be submitted for underwriting review and approval Losses Risks with more than 3 losses, any weather loss over $25,000, or any non-weather loss over $10,000 in the past 3 years must be submitted for underwriting review and approval Liquor Liability is available on selected class codes as long as there has not been a liquor license violation within the last three years Square Footage 15,000 maximum per building Annual Gross Revenue $6,000,000 maximum per location Total Insured Value (TIV) $6,000,000 total of buildings and personal property per location Building Age Greater than 30 years old must have COMPLETE renovations the roof and to the heating, electrical and plumbing systems Construction All ISO construction types Height No more than 1 story Minimum square footage 3,000 when the sale of gasoline is provided Ineligible: Automobile service or repair operations; gasoline sales over 75% of total sales, above ground fuel tanks, or with pumps without well marked easily accessible shut-off switches; car wash operations, Beer, wine and liquor sales over 25% Check cashing Playgrounds Propane or kerosene tank filling Seasonal operations or those open 24 hours Vacant buildings or buildings more than 20% unoccupied for more than 60 days Ineligible Related to Restaurants: Capacity over 50 seats Cooking appliances that emit smoke or grease-laden vapors that are NOT covered by an automatic extinguishing system meeting UL300 criteria of NFPA Standard #96, or that are NOT inspected under a current maintenance contract at least every quarter Open broiling or solid fuel cooking with wood, charcoal or mesquite AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 12

13 MERCANTILE (RETAIL) RISKS ELIGIBILITY (Appendix A lists specific Codes) ISO Public Protection es 1-7 are eligible, 8-10 must be submitted for underwriting review and approval Number of locations more than 4 locations must be submitted for underwriting review and approval Coastal Locations within 25 miles of the Eastern Seaboard or 75 miles of the Gulf of Mexico are ineligible Years in Business must have been in business for more than 1 year and any risks in business less than 3 years must be submitted for underwriting review and approval Losses Risks with more than 3 losses, any weather loss over $25,000, or any non-weather loss over $10,000 in the past 3 years must be submitted for underwriting review and approval Liquor Liability is available on selected class codes as long as there has not been a liquor license violation within the last three years Square Footage 50,000 maximum per building Annual Gross Revenue $15,000,000 maximum per location Total Insured Value (TIV) $15,000,000 total of buildings and personal property per location Building Age Greater than 30 years old must have COMPLETE renovations the roof and to the heating, electrical and plumbing systems Construction All ISO construction types Height May not occupy more than the bottom 2 stories of a building Ineligible: Armed security guards, art galleries, body piercing or tattooing, electrolysis, fine jewelry, locations with guard dogs, gun dealers, junk dealer or salvage yards, liquor stores, massage, detective or investigative services, nail salons or services over 10% of a risks revenue, not-for-profit entities, pawn shops, tanning or tobacco stores Income from off-premises operations more than twenty-five percent (25%) of the annual gross receipts Habitation is not eligible using mercantile class codes, must instead to refer to Apartment, Condo, Townhome Eligibility above and use those associated Codes Income from rental operations more than ten percent (10%) of the annual gross receipts Propane or kerosene tank filling Risks without Central station burglar alarm if selling computers, electronics, musical instrument, sporting goods or videos and DVDs Sales over 5% of resale or used merchandise Seasonal or 24 hour operations Vacant buildings or buildings more than 20% unoccupied for more than 60 days AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 13

14 OFFICES ELIGIBILITY (Appendix A lists specific Codes) ISO Public Protection es 1-7 are eligible, 8-10 must be submitted for underwriting review and approval Number of locations more than 4 locations must be submitted for underwriting review and approval Coastal Locations within 25 miles of the Eastern Seaboard or 75 miles of the Gulf of Mexico are ineligible Years in Business must have been in business for more than 1 year and any risks in business less than 3 years must be submitted for underwriting review and approval Losses Risks with more than 3 losses, any weather loss over $25,000, or any non-weather loss over $10,000 in the past 3 years must be submitted for underwriting review and approval Liquor Liability is available on selected class codes as long as there has not been a liquor license violation within the last three years Square Footage 200,000 total floor area Annual Gross Revenue $15,000,000 maximum per location Total Insured Value (TIV) $15,000,000 total of buildings and personal property per location Building Age Greater than 30 years old must have COMPLETE renovations the roof and to the heating, electrical and plumbing systems Construction All ISO construction types Height No more than 6 stories Eligible occupants Apartments, wholesaler, mercantile, processing & service occupancies (less than 50,000 square feet) and contractors (less than 7,500 square feet or less than 15% of building total area) Ineligible: Educational offices housing facility Financial Office (bank, building and loan associations, savings and loan associations, or credit unions) Government Offices Medical Urgent Care, clinic or walk-in centers, or surgery of any type Not-For-Profit organizations Open 24 hours Political, Social or Life issues offices Real Estate Management however Real Estate Agencies, Homeowner and Condo Associations are eligible Utility offices (including electric, garbage, gas, telephone, water, etc.) Vacant buildings or buildings more than 20% unoccupied for more than 60 days Web site hosting or internet service providers AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 14

15 PROCESSING AND SERVICE RISKS ELIGIBILITY (Appendix A lists specific Codes) ISO Public Protection es 1-7 are eligible, 8-10 must be submitted for underwriting review and approval Number of locations more than 4 locations must be submitted for underwriting review and approval Coastal Locations within 25 miles of the Eastern Seaboard or 75 miles of the Gulf of Mexico are ineligible Years in Business must have been in business for more than 1 year and any risks in business less than 3 years must be submitted for underwriting review and approval Losses Risks with more than 3 losses, any weather loss over $25,000, or any non-weather loss over $10,000 in the past 3 years must be submitted for underwriting review and approval Square Footage 50,000 maximum per building Annual Gross Revenue $15,000,000 maximum per location Total Insured Value (TIV) $15,000,000 total of buildings and personal property per location Building Age Greater than 30 years old must have COMPLETE renovations the roof and to the heating, electrical and plumbing systems Construction All ISO construction types Height No more than 2 stories Ineligible: Income from rental operations more than ten percent (10%) of the annual gross receipts Nail Salons, tanning, electrolysis, body piercing, tattooing or massage services, or Detective or Investigative Agencies Off-premises operations exceeding 25% of Sales Seasonal operations or those open 24 hours Vacant buildings or buildings more than 20% unoccupied for more than 60 days AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 15

16 RESTAURANTS ELIGIBILITY (Appendix A lists specific Codes) ISO Public Protection es 1-7 eligible, 8-10 must be submitted for underwriting review and approval Number of locations more than 4 locations must be submitted for underwriting review and approval Coastal Locations within 25 miles of the Eastern Seaboard or 75 miles of the Gulf of Mexico are ineligible Years in Business must have been in business for more than 1 year and any risks in business less than 3 years must be submitted for underwriting review and approval Losses Risks with more than 3 losses, any weather loss over $25,000, or any non-weather loss over $10,000 in the past 3 years must be submitted for underwriting review and approval Liquor Liability is available on selected class codes as long as there has not been a liquor license violation within the last three years ISO defined Fast Food es with Limited Cooking and Fine and Casual Dining es Square Footage 10,000 maximum per building Annual Gross Revenue $5,000,000 maximum per location Total Insured Value (TIV) $3,000,000 total of buildings and personal property per location Building Age Greater than 20 years old must have COMPLETE renovations the roof and to the heating, electrical and plumbing systems Construction Frame Construction requires sprinklers, otherwise all ISO construction types Height May not occupy more than the bottom 2 stories of a building Ineligible: Alcoholic beverages brought onto premises by customers (BYOB arrangements) Apartments Bars with primary business of alcohol sales and very limited food items Franchise risks, i.e, Burger King, McDonald s, Rally s, Taco Bell, Wendy s or similar franchised operations with the exception of deli style operations like Subway and Quiznos Hired and non-owned auto coverage when employees use personal vehicles for delivery Liquor sales over 25% of total sales for all Limited Cooking and Fast Food Codes or over 50% the total sales for all Fine and Casual Dining Codes Liquor sales promotions Happy Hours after 7:30pm must be submitted for underwriting approval Live music and dance floors are excluded. Lite bands with 3 members or less are acceptable (e.g. jazz trio, acoustic guitar) Maximum 10% of sales from off-site catering Playground (in or out), sports courts, pools or mechanical amusement devises including bull rides Seasonal operations or those open 24 hours Seating capacity over 200 Vacant buildings or buildings more than 20% unoccupied for more than 60 days Ineligible Related to Cooking: Cooking appliances that emit smoke or grease-laden vapors that are NOT covered by an automatic extinguishing system meeting UL300 criteria of NFPA Standard #96, or that are NOT inspected under a current maintenance contract at least every quarter Open broiling or solid fuel cooking with wood, charcoal or mesquite AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 16

17 SELF-STORAGE FACILITIES ELIGIBILITY (Appendix A lists specific Codes) ISO Public Protection es 1-7 are eligible, 8-10 must be submitted for underwriting review and approval Number of locations more than 4 locations must be submitted for underwriting review and approval Coastal Locations within 25 miles of the Eastern Seaboard or 75 miles of the Gulf of Mexico are ineligible Years in Business must have been in business for more than 1 year and any risks in business less than 3 years must be submitted for underwriting review and approval. Losses Risks with more than 3 losses, any weather loss over $25,000, or any non-weather loss over $10,000 in the past 3 years must be submitted for underwriting review and approval Square Footage No square footage limitation, but limited to 12 buildings per location Annual Gross Revenue $5,000,000 maximum per location Total Insured Value (TIV) $6,000,000 total of buildings and personal property per location Building Age Greater than 30 years old must have COMPLETE renovations the roof and to the heating, electrical and plumbing systems Construction Frame unacceptable, otherwise all other ISO construction types Height No more than 1 story for storage units and 2 stories management offices Ineligible: Armed security guards or guard dogs Cold storage Industrial materials, chemicals or waste Outdoor storage of motorized vehicles including campers, boats and recreational vehicles Sales of 5% or more of total revenue from the removal or disposal of customer s property Vacant buildings AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 17

18 WHOLESALE RISKS ELIGIBILITY (Appendix A lists specific Codes) ISO Public Protection es 1-7 are eligible, 8-10 must be submitted for underwriting review and approval Number of locations more than 4 locations must be submitted for underwriting review and approval Coastal Locations within 25 miles of the Eastern Seaboard or 75 miles of the Gulf of Mexico are ineligible Years in Business must have been in business for more than 1 year and any risks in business less than 3 years must be submitted for underwriting review and approval Losses Risks with more than 3 losses, any weather loss over $25,000, or any non-weather loss over $10,000 in the past 3 years must be submitted for underwriting review and approval Square Footage 50,000 maximum per building Annual Gross Revenue $6,000,000 maximum per location Total Insured Value (TIV) $6,000,000 total of buildings and personal property per location Building Age Greater than 30 years old must have COMPLETE renovations the roof and to the heating, electrical and plumbing systems Construction All Frame construction requires automatic sprinkler systems, and all other construction types require sprinklers on occupancies over 10,000 sq. ft. Height No more than 2 stories Ineligible: 24 hour operations Income from off-premises operations more than 25% of annual gross receipts Income from rental operations more than 10% of the annual gross receipts Operations of manufactures representative or contractors Public area s more than 25% of the total floor space Retail Operations more than 25% of Sales Vacant buildings or buildings more than 20% unoccupied for more than 60 days AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 18

19 APPENDIX A: CLASS CODES AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 19

20 APPENDIX A - BOP ELIGIBLE CLASS CODES You may click your Ctrl F keys to search for specific coverage words. Program Description Code Eligible Apartment Apartment Apartment Building - 4 families or fewer, with mercantile or office occupancy - includes 3 or 4 family lessor's risk only and garden apartments Apartment Building - 4 families or fewer, with no mercantile or office occupancy - includes 3 or 4 family lessor's risk only No No Apartment Apartment Building - Over 4 families with mercantile or office occupancy Apartment Apartment Building - Over 4 families with no mercantile or office occupancy Apartment Boarding Houses/Rooms - or office occupancy No Apartment Boarding Houses/Rooms - No mercantile or office occupancy No Apartment Boarding Houses/Rooms - Three or four family lessor's risks only - no mercantile or office occupancy No Apartment Boarding Houses/Rooms - Three or four family lessor's risks only No mercantile or office occupancy Condominium Condominium - Residential Condominium (Association risk only) Condominium Convenience Store Convenience Store Convenience Store Convenience Store Convenience Store Convenience Store Convenience Store Convenience Store Dwellings - Three or Four Family (Lessor's Risk Only) - Residential Condominiums Convenience Food Stores - Lessors Risk Only - With Fast Food Restaurant - No Gasoline Sales Convenience Food Stores - Lessors Risk Only - With Fast Food Restaurant With Gasoline Sales Convenience Food Stores - Lessors Risk Only - With Gasoline Sales - No Restaurant Convenience Food Stores - Lessors Risk Only - With Limited Cooking Restaurant - No Gasoline Sales Convenience Food Stores - Lessors Risk Only - With Limited Cooking Restaurant With Gasoline Sales Convenience Food Stores - Lessors Risk Only - Without Gasoline Sales - No Restaurant Convenience Food Stores - With Fast Food Restaurant - No Gasoline Sales Convenience Food Stores - With Fast Food Restaurant With Gasoline Sales No AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 20

21 Program Description Code Eligible Convenience Convenience Food Stores - With Gasoline Sales - No Restaurant Store Convenience Store Convenience Store Convenience Food Stores - With Limited Cooking Restaurant - No Gasoline Sales Convenience Food Stores - With Limited Cooking Restaurant With Gasoline Sales Convenience Convenience Food Stores - Without Gasoline Sales - No Restaurant Store Dwelling Dwelling Grocery Stores Grocery Stores Dwellings - Three or Four Family (Lessor's Risk Only) - No Occupancy Dwellings - Three or Four Family (Lessor's Risk Only) - With Occupancy Grocery Stores - Lessors Risk Only - With an area at least 4000 square feet Grocery Stores - Lessors Risk Only - With an area less than 4000 square feet No Grocery Stores Grocery Stores - With an area at least 4000 square feet Grocery Stores Grocery Stores - With an area less than 4000 square feet Grocery Stores Supermarkets - Lessors Risk Only - With an area at least 4000 square feet Grocery Stores Supermarkets - Lessors Risk Only - With an area less than 4000 square feet Grocery Stores Supermarkets - With an area at least 4000 square feet Grocery Stores Supermarkets - With an area less than 4000 square feet Air Conditioning Equipment - Lessors Risk Only - Retail Only Air Conditioning Equipment - Retail Only Antique Stores No Antique Stores - Lessors Risk Only No Appliance Stores - Household Appliances and Home Furnishings Appliance Stores - Lessors Risk Only - Household Appliances and Home Furnishings Appliance Stores - Lessors Risk Only - Radio, Television and Phonographic Stores (including parts and supplies) Appliance Stores - Radio, Television and Phonographic Stores (including parts and supplies) AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 21

22 Program Description Code Eligible Army and Navy Stores Army and Navy Stores Army and Navy Stores - Lessors Risk Only Army and Navy Stores - Lessors Risk Only Art Galleries - Lessors Risk Only - Not-For-Profit Art Galleries - Lessors Risk Only - Other Than Not-For-Profit Art Galleries - Not-For-Profit Art Galleries - Other Than Not-For-Profit No Artists' Supplies, Hobby Shops, Hobby and Model Makers Artists' Supplies, Hobby Shops, Hobby and Model Makers - Lessors Risk Only Auctioneers - Lessors Risk Only - Sales conducted away from the insured's premises Auctioneers - Sales conducted away from the insured's premises Auctions - Lessors Risk Only - On premises owned or rented by the insured Auctions - On premises owned or rented by the insured Automobile Parts and Supplies - Lessors Risk Only - Retail Stores (Including Tires) Automobile Parts and Supplies - Retail Stores (Including Tires) Bakeries - Lessors Risk Only - Retail - No baking on premises Bakeries - Lessors Risk Only - Retail - With baking on premises Bakeries - Lessors Risk Only - Without Cooking Bakeries - Retail - No baking on premises Bakeries - Retail - With baking on premises Bakeries - Without Cooking Beverage Stores - Lessors Risk Only - Liquor and Wine Beverage Stores - Liquor and Wine No Bicycle Shops - Lessors Risk Only - Repair and Maintenance Shops without Retail Bicycle Shops - Lessors Risk Only - Retail Bicycle Shops - Repair and Maintenance Shops without Retail Bicycle Shops - Retail Boat Dealers No AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 22

23 Program Description Code Eligible Boat Dealers - Lessors Risk Only Bone, Horn and Ivory Products - Retail Only Bone, Horn and Ivory Products - Retail Only - Lessors Risk Only Books and Magazines Stores - Lessors Risk Only - New Books and Magazines Stores - Lessors Risk Only - Used Books and Magazines Stores - New Books and Magazines Stores - Used Building Material Dealers - Lessors Risk Only - no second hand materials including local managers Building Material Dealers - no second hand materials - including local managers Building Materials - Contractors Equipment Dealers - Lessors Risk Only Other Than Secondhand Material Building Materials - Contractors Equipment Dealers - Lessors Risk Only Secondhand Material Building Materials - Contractors Equipment Dealers - Other Than Secondhand Material Building Materials - Contractors Equipment Dealers - Secondhand Material Camera and Photographic Equipment - Lessors Risk Only - Retail Only Camera and Photographic Equipment - Retail Only Candy or Confectionery Stores Candy or Confectionery Stores - Lessors Risk Only Ceramics - Lessors Risk Only - Retail Only Ceramics - Retail Only Clothing or Wearing Apparel - Lessors Risk Only - Retail - Children's and Infants Wear Clothing or Wearing Apparel - Lessors Risk Only - Retail - Clothing - Men s' and Boys' (Coats and Suits) Clothing or Wearing Apparel - Lessors Risk Only - Retail - Clothing Ladies' and Girls' (Coats, Suits and Dresses) Clothing or Wearing Apparel - Lessors Risk Only - Retail - Fabric Stores (Including Millinery and Trimmings) Clothing or Wearing Apparel - Lessors Risk Only - Retail - Family Clothing Stores AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 23

24 Program Description Code Eligible Clothing or Wearing Apparel - Lessors Risk Only - Retail - Furs (Including Pelts) Clothing or Wearing Apparel - Lessors Risk Only - Retail - Haberdashery and Men's Furnishings Clothing or Wearing Apparel - Lessors Risk Only - Retail - Hosiery Clothing or Wearing Apparel - Lessors Risk Only - Retail - Ladies' Specialty Stores Clothing or Wearing Apparel - Lessors Risk Only - Retail - Ladies' Undergarments and Lingerie Clothing or Wearing Apparel - Lessors Risk Only - Retail - Leather Products or Hide Stores Clothing or Wearing Apparel - Lessors Risk Only - Retail - Men's and Boy's Hats and Caps Clothing or Wearing Apparel - Lessors Risk Only - Retail - Shoe Stores Children's, Ladies and Men's Clothing or Wearing Apparel - Lessors Risk Only - Retail - Sporting Goods and Athletic Apparel Clothing or Wearing Apparel - Lessors Risk Only - Retail - Wigs Clothing or Wearing Apparel - Retail - Children's and Infants Wear Clothing or Wearing Apparel - Retail - Clothing - Ladies' and Girls' (Coats, Suits and Dresses) Clothing or Wearing Apparel - Retail - Clothing - Men s' and Boys' (Coats and Suits) Clothing or Wearing Apparel - Retail - Fabric Stores (Including Millinery and Trimmings) Clothing or Wearing Apparel - Retail - Family Clothing Stores Clothing or Wearing Apparel - Retail - Furs (Including Pelts) Clothing or Wearing Apparel - Retail - Haberdashery and Men's Furnishings Clothing or Wearing Apparel - Retail - Hosiery Clothing or Wearing Apparel - Retail - Ladies' Specialty Stores Clothing or Wearing Apparel - Retail - Ladies' Undergarments and Lingerie Clothing or Wearing Apparel - Retail - Leather Products or Hide Stores Clothing or Wearing Apparel - Retail - Men's and Boy's Hats and Caps AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 24

25 Program Description Code Eligible Clothing or Wearing Apparel - Retail - Shoe Stores - Children's, Ladies and Men's Clothing or Wearing Apparel - Retail - Sporting Goods and Athletic Apparel Clothing or Wearing Apparel - Retail - Wigs Coin, Stamp or Rare Book Dealers and Distributors Coin, Stamp or Rare Book Dealers and Distributors - Lessors Risk Only Collectibles and Memorabilia - Lessors Risk Only - Retail Collectibles and Memorabilia - Retail Computer Stores Computer Stores - Lessors Risk Only Cosmetic, Hair or Skin Preparation - Lessors Risk Only - Retail Only Cosmetic, Hair or Skin Preparation - Retail Only Dairy Products - Lessors Risk Only - Butter and Egg Stores (Including Ice Cream) Dairy Products or Butter and Egg Stores (Including Ice Cream) Delicatessens - Lessors Risk Only - Primarily retailing a range of grocery items and meats (Use Fast Food or Limited Cooking Restaurant classification for Delicatessen restaurants.) Delicatessens - Primarily retailing a range of grocery items and meats (Use Fast Food or Limited Cooking Restaurant classification for Delicatessen restaurants.) Department Stores Department Stores - Lessors Risk Only Drugstores Drugstores - Lessors Risk Only Drugstores - Lessors Risk Only - Without Cooking Drugstores - Without Cooking Dry Goods Dealers - Lessors Risk Only - Retail - Including Fabrics, Yarn and Piece Goods - (New Goods Only) Dry Goods Dealers - Retail - Including Fabrics, Yarn and Piece Goods (New Goods Only) Electrical Lighting Stores Electrical Lighting Stores - Lessors Risk Only Electronics Stores AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 25

26 Program Description Code Eligible Electronics Stores - Lessors Risk Only Fabric - Stores Fabric Stores Fabric Stores - Lessors Risk Only Fabric Stores - Lessors Risk Only Farm Machinery or Equipment Dealers including Salesmen No Farm Machinery or Equipment Dealers including Salesmen - Lessors Risk Only Feed, Grain or Hay Dealers No Feed, Grain or Hay Dealers - Lessors Risk Only No Fence Dealers Fence Dealers Fence Dealers - Lessors Risk Only Fence Dealers - Lessors Risk Only Fertilizer Dealers No Fertilizer Dealers - Lessors Risk Only No Fire Protection Equipment Dealers Fire Protection Equipment Dealers - Lessors Risk Only Floor Covering - Stores - Except Wood or Ceramic Tile Only Floor Covering - Stores - Wood or Ceramic Tile Only Floor Covering Stores - Lessors Risk Only - Except Wood or Ceramic Tile Only Floor Covering Stores - Lessors Risk Only - Wood or Ceramic Tile Only Florists - Lessors Risk Only - Retail Florists - Retail Fruit or Vegetable - Dealers No Fruit or Vegetable - Lessors Risk Only - Dealers Fur - Garments and Pelts - Retail Only Fur - Lessors Risk Only - Garments and Pelts - Retail Only Furniture - Lessors Risk Only - Upholstered - Retail Only Furniture - Lessors Risk Only - Wood or Metal - Retail Only Furniture - Upholstered - Retail Only Furniture - Wood or Metal - Retail Only Gardening and Light Farming Supply - Lessors Risk Only - Retail AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 26

27 Program Description Code Eligible Gardening and Light Farming Supply - Retail Gift Shops Gift Shops Gift Shops - Lessors Risk Only Gift Shops - Lessors Risk Only Glass Dealers and Glaziers - Lessors Risk Only - Retail Only Glass Dealers and Glaziers - Retail Only Hardware and Tools - Lessors Risk Only - Retail Hardware and Tools - Retail Health or Natural Food Stores - Lessors Risk Only - With an area at least 4000 square feet Health or Natural Food Stores - Lessors Risk Only - With an area less than 4000 square feet Health or Natural Food Stores - With an area at least 4000 square feet Health or Natural Food Stores - With an area less than 4000 square feet Hearing Aid - Lessors Risk Only - Retail Hearing Aid - Retail Hobby, Craft or Artists' Supply - Lessors Risk Only - Retail Hobby, Craft or Artists' Supply - Retail Home Furnishings Stores Home Furnishings Stores - Lessors Risk Only Home Improvement Stores Home Improvement Stores - Lessors Risk Only Home improvement Stores - Retail Home improvement Stores - Retail - Lessors Risk Only Hosiery Hosiery - Lessors Risk Only Ice Cream Stores - retail Ice Cream Stores - retail - Lessors Risk Only Janitorial Supplies - Retail Janitorial Supplies - Retail - Lessors Risk Only Jewelry - Retail - Costume Jewelry - Retail - Costume - Lessors Risk Only Jewelry - Retail - Precious No AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 27

28 Program Description Code Eligible Jewelry - Retail - Precious - Lessors Risk Only Junk Dealers No Junk Dealers - Lessors Risk Only No Leather Products or Hide Stores - Retail only Leather Products or Hide Stores - Retail only - Lessors Risk Only Locksmiths Locksmiths - Lessors Risk Only Luggage Goods - Retail Only Luggage Goods - Retail Only - Lessors Risk Only Machinery or Equipment Dealers - Farm Type Only No Machinery or Equipment Dealers - Farm Type Only - Lessors Risk Only Mail Order Houses - Retail Only Mail Order Houses - Retail Only - Lessors Risk Only Marble Products - Lessors Risk Only - Retail only Marble Products - Retail only Meat, Fish, Poultry or Seafood - Lessors Risk Only - Retail - Fish or Seafood Meat, Fish, Poultry or Seafood - Lessors Risk Only - Retail - Meat or Poultry Meat, Fish, Poultry or Seafood - Retail - Fish or Seafood No Meat, Fish, Poultry or Seafood - Retail - Meat or Poultry No Medical, Hospital and Surgical Supply - Lessors Risk Only - Retail Only Medical, Hospital and Surgical Supply - Retail Only No Metal Dealers No Metal Dealers - Lessors Risk Only Music Stores - Lessors Risk Only - Pre-Recorded Music Stores - Pre-Recorded Musical Instrument Stores Musical Instrument Stores - Lessors Risk Only Musical Instruments Musical Instruments - Lessors Risk Only Newsstands Newsstands - Lessors Risk Only Office Machines or Appliances - Lessors Risk Only - Retail - No Repair AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 28

29 Program Description Code Eligible Office Machines or Appliances - Retail - No Repair Office Machines, Equipment and Supplies Office Machines, Equipment and Supplies - Lessors Risk Only Optical Goods - Lessors Risk Only - Retail Optical Goods - Retail Paint, Wallpaper or Wallcovering Stores Paint, Wallpaper or Wallcovering Stores - Lessors Risk Only Painting, Picture or Frame Stores Painting, Picture or Frame Stores - Lessors Risk Only Paper and Paper Products, Rag or Rubber Stock Dealers - Lessors Risk Only - Secondhand No Paper and Paper Products, Rag or Rubber Stock Dealers - Secondhand No Pawn Shops No Pawn Shops - Lessors Risk Only No Pet Stores Pet Stores Pet Stores - Lessors Risk Only Pet Stores - Lessors Risk Only Photographic Equipment - Lessors Risk Only - Retail only Photographic Equipment - Retail only Plumbing Supplies and Fixtures - Lessors Risk Only - Retail Plumbing Supplies and Fixtures - Retail Powered Equipment Dealers Powered Equipment Dealers - Lessors Risk Only Precision and Scientific Tools and Instruments - Lessors Risk Only - Retail Precision and Scientific Tools and Instruments - Retail Refrigeration Equipment - Commercial - Retail Refrigeration Equipment - Lessors Risk Only - Commercial - Retail Retail Stores - Lessors Risk Only (Not Otherwise ified) Retail Stores (Not Otherwise ified) Retail Stores N.O.C. - Lessors Risk Only - Without Cooking Retail Stores N.O.C. - Without Cooking Secondhand or Salvage Dealers - Lessors Risk Only - Retail only No Secondhand or Salvage Dealers - Retail only No AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 29

30 Program Description Code Eligible Seed Merchants - Lessors Risk Only (Including or excluding misdelivery or germination failure.) No Seed Merchants (Including or excluding misdelivery or germination failure.) No Sewing Machine Stores Sewing Machine Stores - Lessors Risk Only Ship Chandler Stores Ship Chandler Stores - Lessors Risk Only Shoe Stores - Lessors Risk Only - Retail Shoe Stores - Retail Sporting Goods or Athletic Equipment Stores (Including Apparel) Sporting Goods or Athletic Equipment Stores (Including Apparel) - Lessors Risk Only Stationery or Paper Products - Lessors Risk Only - Retail Stationery or Paper Products - Retail Straw and Straw Products - Lessors Risk Only - Retail Only Straw and Straw Products - Retail Only Swimming Pools - Lessors Risk Only - Retail Only No Swimming Pools - Retail Only No Tire Dealers No Tire Dealers - Lessors Risk Only No Tobacco Products - Lessors Risk Only - Retail No Tobacco Products - Retail No Toys Toys - Lessors Risk Only Toys - Retail Toys - Retail - Lessors Risk Only Trophy Stores Trophy Stores - Lessors Risk Only Variety Stores - Discount Houses Variety Stores - Five and Ten Cent Stores Variety Stores - Lessors Risk Only - Discount Houses Variety Stores - Lessors Risk Only - Five and Ten Cent Stores Video Stores - Lessors Risk Only - Rental Video Stores - Lessors Risk Only - Sales AmTrust Financial s, Inc. Edition Date Back to the Contents Page Page 30