Insurance Planning Services_17-0194-00_Commercial Insurance Coverage Checklist

Commercial Insurance Coverage Checklist

Insurance Planning Services
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We have created this simple tool to help you ensure that your business is properly insured. Use this tool to think through different areas of need for your business. Feel free to contact us with any questions. Working with you, we can provide the best coverage available.
Financial / Income / Employee Risk

Business Overhead Expense Key Man Life Insurance Buy / Sell Agreement Group Medical Insurance Group Long Term Disability Group Life Insurance Payroll Deductions Tax Planning Retirement Planning Family Protection-Individual Long Term Care and Life Insurance
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Provisions / Forms

Alarm / Fire Sprinkler System Warranty All Named Insureds Included How are All Properties Titled? Additional Insureds Included Blanket Property Limits
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Buildings

Additional Coverage Needed? (Coverage maybe needed for: Canopies, Awnings, Signs, Light Poles, Fences, Below Ground Property (Plumbing etc.), Antennas, Towers) Artificial Power Surge Coverage / Equipment Breakdown Damage Due to Covered Loss to Off Premises Utilities Earthquake Coverage Flood / Excessive Surface Water Runoff Limits of Insurance Adequate? Including Debris Removal, Building Rebuilding Building Ordinance / Law Exposure
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Business Personal Property

Earthquake Coverage Flood / Excessive Surface Water Runoff Reporting Form or Inflation Guard Needed Artificial Power Surge Coverage / Equipment Breakdown Damage Due to Covered Loss to Off Premises Utilities Precious Metals / Alloys Coverage Marring / Scratching of Dies Property of Customers Employee Tools Coverage Spoilage Coverage Limits of Insurance Adequate? Including Debris Removal and Contents Breakage of Fragile Items / Fine Arts Coverage
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Time Element / Loss of Income / Extra Expenses

Business Income Coverage Extra Expenses Coverage Artificial Power Surge Included in Business Income Expense Due to Covered Loss to Off Premises Utilities All Locations Covered by Business Income Coverage Are all Limits of Insurance Adequate? Credit Insurance or Accounts Receivable Insurance Expenses Due to Covered Loss to Customer / Supplier etc. Ordinary Payroll – Limit It To 60 Days in Business Income Limit Discretionary Payroll Exp. / You Choose What is Covered
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Liability

Umbrella / Excess Liability; Higher Limits Fiduciary Liability / Employee Benefits Errors and Omissions Employment Practices Liabilities Directors / Officers Liability (Private or Non-Profit) Professional / Errors and Omissions Liability Sexual Abuse / Molestation Liability Pollution Liability Hired and Non-Owned Aircraft Liability Rigger’s Liability Liquor Legal Liability Damage to Rented Premises / Non-Owned Property Damage to Property of Others in Your Care, Custody, or Control Liability Coverage Outside the United States Exclusion Removal: Damage to Sub’s / Your Work Exclusion Removal: Damage to Customer Data-Software Garage Coverage Include Boats / In Tow Exposure?
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Cyber Liability

Data Breach Identity Recover Social Engineering Fraud
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Automobile

DOC (Drive Other Car) Coverage Including Physical Damage DOC Include all Family Members? Hired and Non-Owned Auto Liability Coverage Hired Auto Physical Damage Coverage How are Autos Titled? Mexico / Canada Coverage Specialty / Mounted Equipment Needing Coverage In Tow Coverage
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Workers’ Compensation

Owners Excluded or Included Any Work Done at Federal Locations? Any Work Done Over a Body of Water? Leased Workers Work in Other States or Outside the U.S. Increased Employers’ Liability Limits
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Crime / Inland Marine / Other

Employee Dishonesty (Including Non Employees) Theft of Cash – On / Off Premises Coverage Coverage for Property in Transit Builder’s Risk Coverage Installation Floater Riggers Liability Mobile Equipment Coverage – Away from Premises Voluntary Partying / False Pretense Coverage Wire Transfer Fraud Computers / Software / Data Specialty Coverage Specialty Electrical Equipment Performance / Payment / Other Bonding Needs Ocean Marine / Transit Coverage Inside / Outside the U.S.
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2017 IPS Form 1001
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