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Business Owner Policy
Unfortunately, the chances of getting sued have dramatically increased in the last few
years. As a business owner, you need to be concerned and make sure you are properly
covered. The Business Owner policy can provide you with comprehensive liability insurance
that can prevent a legal suit from turning into a financial disaster. The Business Owner
policy can also provide coverage on your business property and business income.
MMG Insurance Company writes a wide variety of businesses and offers many optional coverages
as shown on our product brochure. Please
contact your Local Independent Agent to review your insurance needs
and to find out more about MMG Insurance Company’s Business Owner Program.
If you would like to download and view the brochures that we have online, you will need
the Adobe Acrobat Reader (R) installed on your system. If you do
not have this software but would like to obtain it, download it from the link at the
bottom of this page.
Standard Features of Our Business Owner Policy
 | Replacement Cost on Building and Contents |
| Loss of Business Income – Actual Loss Sustained – 12 Months |
| Automatic Peak Season – 25% - providing contents insured @ 100% value |
| Valuable Papers ($5,000 on premises/$2,500 off premises) |
| Property Off Premises and Transit ($5,000) |
| Outdoor Property Coverage($2,500) |
| Money & Securities ($10,000 on premises - $2,000 off premises) |
| Fire Department Service Charge ($1,000) |
| Fire Legal Liability ($50,000) |
| Medical Payments ($5,000) |
| Optional Coverages Available |
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| Funeral Directors Coverage |
| Garagekeepers Legal Liability |
| Glass Coverage |
| Household Personal Property (Bed & Breakfast Program) |
| Key Employee - Replacement Expense Coverage |
| Increased Fire Legal |
| Law & Ordinance |
| Liquor Liability (Bed & Breakfast and Convenience Stores) |
| Loss of Refrigeration |
| Non-Owned/Hired Auto |
| Optical & Hearing Aid Professional |
| Ordinance & Law |
| Personal Liability (Bed & Breakfast Program) |
| Sign Coverage |
| Utility Services |
| Valuable Papers |
| Veterinarian Professional Liability |
| Veterinarian Animal Floater |
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Business Owner Valu-Pak
Business Owner Valu-Pak endorsement is a broadening form that includes all of the
following coverages for a $100 premium.
Coverage
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Limits |
| Accounts Receivable |
$25,000 on
Premises $10,000 off Premises |
| Valuable Papers |
$25,000 on
Premises $10,000 off Premises |
| Property Off Premises
(incl. Transportation) |
$20,000 |
| Property of Others |
$10,000 |
| Fine Arts |
$10,000 |
| Signs |
$5,000 |
| Glass |
$5,000 |
| Money & Securities |
$10,000 |
| Employee Dishonesty |
$10,000 |
| Refrigerated Goods
Spoilage |
$15,000 |
| Computer & Data
Processing Hardware |
$20,000 Hardware
$5,000 Software |
| Business Income from
Dependent Properties |
$10,000 |
| Ordinance, Regulation
or Law |
$25,000 |
| Ordinance or Law
Increased Period of Restoration |
$25,000 |
| Sewer or Drain Back-up |
$5,000 |
| Fire Department Service Charge |
$10,000 |
| Lock Replacement |
$2,000 |
| Arson Reward |
$10,000 |
| The program features
and coverage described throughout this site are in the broadest and most general terms. It
is our intention to provide a summary of the product and/or examples of available options.
Contractual coverage is stated in the actual forms and endorsements attached to
individualized policies. Some coverages may be subject to policy limitations, exclusions
and/or conditions. Specific policy language supercedes any and all representations
contained in this site. For specific coverage details and policy exclusions, refer to the
MMG Insurance Company Policy or contact your local Independent Insurance Agency. |
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