If you are having difficulty using the InsureYourBiz.com Quote Wizard, or have questions regarding your application, please contact our Customer Service department by e-mail at:

CustomerService@InsureYourBiz.com

This summary of coverage does not supersede any policy provision or condition. Our intention is simply to help you understand the basic intent of coverage. Each insurance company has different limits, policy language and exclusions.

Glass Coverage
Covers damage to windows, including board-up. Coverage includes repair to frames, lettering, alarm tape and, of course glass. Subject to your deductible (some companies have a separate deductible for glass).

Sign Coverage
Covers your sign, whether attached to the building, or not. Subject to a set limit (or it may be as high as the property limit) and subject to your deductible.

Transit Coverage
Covers property while in your vehicle; away from premises. Subject to limits specified in the policy and your deductible.

Employee Dishonesty
Covers loss of business contents due to employee theft. Coverage includes money and securities. Subject to a separate deductible and you must show proof of loss.

Business Interruption
Covers loss of income due to business interruption from covered peril. You will be reimbursed for actual loss sustained, over a period of up to 12 months.

Sewer/Drain Backup
Covers loss from the backup of sewer/drain, except sump, well or similar devise. Subject to your deductible. Excludes Flood.

Computer Coverage
Electronic Data Processing (EDP) covers damage to your company computers and communications equipment from an electrical disturbance, within a specified distance from your location. Subject to your deductible. Coverage includes hardware and software.

Ordinance Coverage
Covers demolition or increase cost of reconstruction due to law or ordinance.

Hired and Non-owned Auto
Non-Owned Auto
Provides liability coverage for autos used in your business that you don't own, hire, lease or rent. Autos of subcontractors and employees used on your behalf are covered.

Hired Auto
Provides liability coverage, for both you and your employees, driving leased, rented, hired or borrowed vehicles, while used in the course of the business.

Personal Goods of Others
Covers personal property that you do not own that is in your care, custody and control. This includes goods in repair. Subject to set limit and your deductible.

Personal Effects
Covers personal property effects belonging to owners and officers. Subject to a set limit and your deductible.

Money and Securities
Covers loss of money and securities due to theft, destruction or disappearance. Separate limits apply depending on whether the loss occurs inside or outside your premises.

Seasonal Increase
A "Peak Season" endorsement provides additional personal property coverage due to seasonal increases. Usually this coverage is an additional percentage of your underlying personal property limit (i.e. 25%)

Newly Acquired Property
Provides additional coverage for any new location. Subject to specified limits on both building and personal property. There is a specified limit of time that applies to this extension.

Take the time to review the following list of questions before completing your IYBiz.com Quote Wizard application. These questions are meant to help guide you through the process of finding the best coverage for your needs.

Homeowners
Many homeowners get a policy at the time of closing. They make improvements to their home over the years without increasing coverage. Have you raised you limits to their proper level?

Have you taken a video of your contents and taken it away from you home?

Have you considered that you might need coverage for workpeople at your house? For example, should an uninsured window cleaner, cleaning person or handyman injure themselves at your house, would they be covered?

Business
Are the owners of your business covered on the Workers Compensation Policy, or are they excluded? We encourage owners and officers to be covered! Often these principals fall into relatively inexpensive job categories (clerical, outside sales).

Have you thought about Employee Dishonesty limits? How much exposure do you really have?

Do you need Employee Practices Liablility Insurance (EPLI)?

Do you back up your computer? Please, do it and take the back-up off site!

Do you have a large amount of goods in your vehicles at any one time? Transit coverage includes your personal property and materials for a job. What limit does your business need?

Will you incur a short-rate penalty on your policies if you cancel mid-term? We have this discussion with prospective clients every day, when our coverage and pricing are better. Many companies do not short-rate, others do. Companies do not short-rate when they cancel for non-payment or other reason. You may need to ask your current agent before your switch. You really need to think about this issue, as we do not want our clients to incur penalties.

If you have had a claim, how have you improved the situation? If you have rectified the situation, (bars on the windows, a central stations alarm, safety equipment) please note this in the comments on our application.

What is an Experience Modification Factor (MOD)?

Experience Modification Factor or (MOD) is an adjustment to Manual Premium, calculated by a rating bureau such as NCCI, based on historic loss and payroll data of a particular insured. The experience mod is calculated based on past loss experience for the three latest completed policy terms, thus excluding the most recent policy term. The mod is calculated each year.

Life Insurance
Have you given thought to business perpetuation? What will happen to your business without you? It is important to have a plan. Some clients have arrangements with other like businesses. Other clients have "Key Man" life policies. Term Life Policies are very affordable and offer level term premiums for up to 30 years.

Business Auto
Do you need Drive Other Car Coverage? This coverage is for anyone who drives company insured vehicles, who doesn't have personal auto coverage. Should a business owner go to Florida and rent a car personally, he/she should have personal coverage through another policy to cover him/her.