attune Businessowners Policy Instructions
- July 3, 2024
- Attune
Table of Contents
attune Businessowners Policy
Product Information
Specifications
- Product: Attune’s Businessowners’ Policy
- Coverage: Retailers
- Features: Admitted Accredited BOP, auto-renewal, paperless and direct billing
- Enhancement: Up to $300K for each building, $250K BPP
- Properties Coverage: Up to $10k
Product Usage Instructions
Account Parameters
Ensure that the total incurred claims do not exceed $20,000 within the
specified years (CAT claims not included).
Eligibility Highlights
Check eligibility for coverage based on retail classification.
Use the Attune Portal for instant cost calculation using the automatic
valuation tool.
Coverage Highlights
Review the coverage details provided by Attune for your retail business.
Make sure to understand the limits and enhancements offered.
Frequently Asked Questions (FAQ)
-
What are the top class codes for recent big binds from Attune brokers?
The top class codes are: 1. Home Improvement Stores 2. Sporting Good & Athletic Apparel 3. Grocery-Distbtrs 4. Delicatessens 5. Drugstores -
Which states are targeted for coverage under Attune’s Businessowners’ Policy?
The target states are: 1. Connecticut 2. Delaware 3. Ohio 4. Utah 5. Colorado -
What types of businesses are eligible under the policy?
Eligible businesses include Retail Only, Bring Your Own Alcohol, and certain Wholesale/Distributors like Office and Store Equipment Distributors. -
What is the coverage limit for properties under the policy?
The coverage limit for properties is up to $10,000.
Attune’s Businessowners’ Policy RETAILERS
Attune provides coverage to a wide range of retail classes on Main Street, USA. From lawyers to dentists, you are sure to find the perfect fit. With our admitted Accredited BOP, auto-renewal, and paperless and direct billing, we’re making insurance as easy as it should be.
Rating highlights
- New Ventures are eligible
- Locations can be up to 50,000 sqft
Account parameters
- $4.75M per location
- $9.5M per account
- No more than three claims in the last five years, and no more than $20,000 total incurred (CAT claims not counted)
Eligibility highlights
- Retail classes are rated by the limit of insurance
- Risk should be valued at 100% replacement cost. Instantly calculated using our automatic valuation tool in the Attune Portal.
Coverage highlights
- Stackable enhancement endorsements
- Newly Acquired or Constructed Property Enhancement: up to $300K for each building, $250K BPP
- Peak season increase of 25%
- Business Income from Dependent Properties: up to $10k
Recent big binds from Attune brokers:
| Class Code | Premium |
|---|---|
| Bakeries-Retail-No Baking on Premises | $33,485 |
| Feed, Grain or Hay Dealers | $17,741 |
| Mercantile: Coffee, Tea, and Spice Specialty Stores | $16,098 |
Top class codes:
- Home Improvement Stores
- Sporting Good & Athletic Apparel
- Grocery-Distbtrs
- Delicatessens
- Drugstores
Target States:
- Connecticut
- Delaware
- Ohio
- Utah
- Colorado
Eligible Retail
- Antique Stores
- AC Equipment-Retail Only
- Army/Navy Stores
- Art Gallery
- Automobile Parts and Supplies-Retail Stores
- Bakeries
- Battery Stores
- Bed and Bath Shops
- Beer and Wine Making Supply Stores
- Beverage Stores – Liquor and Wine
- Bicycle Shops
- Bookbinding & Printing Supplies
- Books & Magazines Stores
- Boutique / Gourmet Food Stores
- Camera & Photographic Equipment
- Candle Shops
- Candy/Confectionery Stores
- Catalog/Premium Coupon Redemption Stores
- Ceramics-Retail
- Cheese Shops
- China and Crystal Stores
- Clock Shop with Repair
- Clothing/Wearing Apparel
- Coffee, Tea, and Spice Specialty Stores
- Collectibles & Memorabilia
- Cookie Stores
- Cosmetic, Hair or Skin Preparation – Retail Only
- Department Stores
- Drugstores
- Dry Goods Dealers
- Edible Bouquet Stores
- Education and School Supply Stores
- Electrical Lighting Stores
- Fabric Stores
- Feed, Grain, or Hay Dealers
- Fence Dealers
- Florists
- Floor Covering
- Fruit or Vegetable Dealers
- Fur – Garments and Pelts – Retail
- Gardening and Light Farming Supplies
- Gift Shops
- Glass Dealers & Glaziers-Retail Only
- Glass Novelty Store
- Greeting Card Stores
- Hardware and Tools Distributors
- Health Food Store
- Hearing Aid-Retail
- Hobby, Craft, or Artist Supply Stores
- Holiday Boutiques
- Home Improvement Stores
- Instructional Arts and Crafts Stores -Bring Your Own Alcohol
- Janitorial Supplies
- Jewelry Stores
- Kiosks
- Kitchen Accessories
- Knives and Scissors Stores
- Lamps and Lighting Fixture Stores
- Locksmiths
- Leather Products/Hide Stores
- Luggage Goods
- Machinery or Equipment Dealers
- Marble Products
- Meat, Fish, Poultry, or Seafood
- Metal Dealers
- Monument and Tombstones
- Music Stores
- Music Instrument Stores
- Newsstands
- Nut Shops
- Optical Goods
- Painting, Picture, or Frame Stores
- Paint, Wallpaper or Wallcovering Stores
- Paper and Paper Products, Rag or Rubber Stock Dealers – Second-hand
- Party Supply Stores
- Pharmacies
- Photographic Equipment
- Plumbing Supplies and Fixtures
- Piece goods, sewing & needlework stores
- Pool Table and Billiards Supply Stores
- Popcorn Shops
- Pottery Stores – no kiln
- Precision & Scientific Tools and Instruments
- Refrigeration Equipment
- Religious Articles Stores
- Scrapbooking Stores
- Sewing Machine Stores
- Shoe Stores
- Sporting Goods/Athletic Equipment Stores
- Stationary/Paper Products
- Straw & Straw Products – Retail Only
- Sunglasses Shop
- Tie Shop
- Toy Stores
- Trophy Stores
- Uniform Stores
- Vacuum Cleaner Sales and Service
- Video Stores
- Wigs
- Wood Products – Retail
- Yarn Stores
Eligible Wholesale/Distributors
- Air Conditioning and Combined Air Conditioning and Heating Equipment – Distributors Only
- Automobile Parts and Supplies – Distributors
- Bakeries – Distributors
- Barber or Beauty Shop Supplies Distributors
- Bookbinding and Printing Supplies – Distributors
- Clothing or Wearing Apparel – Distributors
- Collectibles and Memorabilia – Distributors
- Equipment, Fixtures or Supplies Distributors -Office and Store Equipment
- Equipment, Fixtures or Supplies Distributors -Restaurant, Bars and Hotel Equipment
- Fabric – Distributors
- Floor Covering – Distributors
- Florists – Distributors
- Food – Bakery Items
- Food – Beverage
- Fruit or Vegetable
- Gardening and Light Farming Supply -Distributors
- Grocery – Distributors
- Hardware & Tool (not power) – Distributors
- Hearing Aid – Distributors
- Heating or Combined Heating and Air Conditioning equipment – Distributors
- Hobby, Craft or Artists’ Supply – Distributors
- Janitorial Supplies – Distributors
- Jewelry – Distributors
- Meat, Fish, Poultry or Seafood – Distributor
- Metal Dealers
- Optical Goods – Distributors
- Plumbing Supplies and Fixtures – Distributors
- Powered Equipment Dealers
- Refrigeration Equipment – Commercial -Distributors
- Stationery or Paper Products Distributors -bulk, wholesaling
Ineligible
- Applicants selling products under the insured’s name; manufacturing; importing goods directly by the insured; and the repackaging and/or relabeling of products
- Tobacconists or vape shops
- Adult themed businesses, including adult book stores
- Pawn shops, check cashing businesses
- Off-premises warehousing or warehousing for others
- Self-storage businesses
- Grocery stores or supermarkets (over 2,000 square feet)
Attune Insurance Services, LLC • 60 Broad Street, Suite 2502, New York, NY
10004
Is an insurance producer licensed in all states and the District of Columbia.
Visit www.attuneinsurance.com for full
corporate, licensing, and legal information. Copyright © 2024 Attune Insurance
Services, LLC, All rights reserved.