Business Plus Basic, Business Plus and Business Plus Enhanced
Three great products to protect you better! Select which one best meets your insurance needs.
Eligibility
⪧ Minimum $5,000 on Commercial Property and $1,000,000 Commercial General Liability
⪧ No more than one loss exceeding $10,000 or 2 losses of any size within the last 3 years
⪧ Buildings over 35 years old must be upgraded to current standards and building codes
⪧ Minimum 3 years in business
⪧ Maximum $5,000,000 annual gross receipts
⪧ Maximum 10% foreign sales
⪧ Operations restricted to within Canada
Coverages and Limits
Business Plus Basic | Business Plus | Business Plus Enhanced | |
Property Coverages | Limits | Limits | Limits (Part I) |
Building By-Laws | Included | Included | Included |
Consequential Loss | 25,000 | 25,000 | Included |
Glass | Included | Included | Included |
Personal Property of Employees | 500 each | 500 each | 1,000 each |
Removal/Protection of Property | Not Covered | 7 days | 30 days |
Replacement Cost No same site requirement |
- | Included | Included |
Replacement Cost Same site requirement |
Included | - | - |
Specified Limits | Specified Limits | Blanket Limit 500,000 (Part II) | |
Accounts Receivable | 50,000 | 50,000 | Included |
Automatic Fire Suppression Systems Recharge Expense | 25,000 | 25,000 | Included |
Brands and Labels | 10,000 | 10,000 | Included |
Broad Form Amendment | Not Covered | Not Covered | Included |
Computer Form | 25,000 | 25,000 | Included |
Damage to Buildings By Burglary or Robbery | 10,000 | 10,000 | Included |
Environmental Improvements Maximum 125% of Replacement Cost |
Not Covered | Not Covered | Included |
Expediting Expenses | Not Covered | Not Covered | Included |
Extra Expense | 25,000 | 25,000 | Included |
Fine Arts Maximum 2,500 any one item, pair or set |
25,000 | 25,000 | Included |
Fire Department Charges | 25,000 | 25,000 | Included |
Growing Plants | 500 each, 10,000 aggregare |
500 each, 10,000 aggregare |
1,000 each, Included |
Home Office Extension | Not Covered | Not Covered | Included |
Leasehold Interest | 25,000 | 25,000 | Included |
Master Key | 10,000 | 10,000 | Included |
Peak Season, 25% of Contents amount | 100,000 | 100,000 | Included |
Professional Fees | 25,000 | 25,000 | Included |
Roadways, Walkways, Parking Lots | Not Covered | Not Covered | Included |
Valuable Papers | 50,000 | 50,000 | Included |
Limits | Limits | Limits (Part III) | |
Arson Reward Coverage | Not Covered | Not Covered | 10,000 |
Condo Unit Owners Extension - Contingent Insurance |
Not Covered | Not Covered | 25,000 |
Condo Unit Owners Extension - Improvements & Betterments |
Not Covered | Not Covered | 25,000 |
Condo Unit Owners Extension - Loss Assessments |
Not Covered | Not Covered | 25,000 |
Contents Loaned, Rented or Leased | Not Covered | Not Covered | 25,000 |
Deferred Sales | Not Covered | Not Covered | 25,000 |
Exhibition Floater | 25,000 | 25,000 | 25,000 |
Inflation Protection | 3% | 3% | 3% |
Land and Water Pollution Clean-Up | Not Covered | Not Covered | 25,000 |
Newly Acquired Locations - Buildings | 30 days 500,000 | 30 days 500,000 | 60 days 1,000,000 |
Newly Acquired Locations - Contents | 30 days 250,000 | 30 days 250,000 | 60 days 500,000 |
Off Premises Power/Services Interruption | Not Covered | Power only 25,000 | Power, heat, water, 25,000 |
Other Transit | 25,000 | 25,000 | 25,000 |
Prohibited Access by Civil Authority, Extra Expense & Profits Forms | 2 weeks | 2 weeks | 30 days |
Profits - Actual Loss Sustained | Not Covered | ALS | ALS |
Profits - Contributing Property | Not Covered | 25,000 | 25,000 |
Sales Representative | 10,000 | 10,000 | 10,000 |
Signs | 10,000 | 10,000 | 25,000 |
Temporary Locations | 25,000 | 25,000 | 25,000 |
Crime Coverages | Limits | Limits | Limits (Part IV) |
Employee Dishonesty Form A | 5,000 | 5,000 | 10,000 |
Broad Form Money & Securities | 5,000 | 5,000 | 10,000 |
Money Orders and Counterfeit Paper Currency | 5,000 | 5,000 | 10,000 |
Depositor's Forgery | 5,000 | 5,000 | 10,000 |
Loss Inside the Premises Overnight Limitation | 500 | 500 | 500 |
Subject to terms, conditions and exclusions of the policy.
Contact your independent insurance broker for other eligibility and minimum insurance requirements.
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Payment Plans
When you buy insurance from Peace Hills, you can choose from three convenient payment plans.
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