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Businessowners Policy
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Businessowners Policy
Austin Mutual offers a flexible package plan that is an up to date comprehensive program meeting the protection needs for the small business.
Coverage Quick Reference Guide
Eligibility
Eligible commercial occupancies do not exceed 100,000 square-feet in total floor area or $15,000,000 in annual gross sales per policy.
Apartments and Condominiums Commercial Unit Owners
Availability varies by state, see agents manual.
 Habitational occupancy only
20 years or newer
24 units or less per location (100 ft. of each other)
No swimming pools or playgrounds
No student housing or assisted living
Coverage Form Endorsements
Condominium Association Coverage
Condominium Community Unit-Owners Coverage
Trade Contractors
Availability varies by state, see agents manual.
No more than $750,000 annual payroll
No work over 3 stories
Subcontracted work can not exceed 10% of annual gross sales
No renting, leasing equipment to others
Sales unrelated to installation, service or repair can not exceed 25% of annual sales
Coverage Form Endorsement Landscape Gardens
Pesticide or Herbicide Applicator Coverage
Specific Endorsements for Contractors
Amendment Aggregate Limits of Insurance
Contractors Installation Coverage
Tools and Equipment
Care, Custody or Control Exception
Convenience Stores
Annual gross sales of gas must be less than 75% of the total sales
No automobile service or repair
No car wash operations
No propane of kerosene tank filling
Liquor sales (beer & wine only) must not be more than 25% of the annual sales
Motels
Maximum of 3 stories & 75 units per building
No restaurant, bar or cocktail lounges
Must be located in Protection Class
1-8
No Waterfront Beaches
Outdoor swimming pools must be secured with a locked gate and a fence at least 6 feet high, have depths marked, rules posted, safety equipment accessible, no slides or diving boards, and be no deeper than 5 feet.
Indoor pools must be secured & lighted, no slides or diving boards and safety equipment must be accessible
Pools & work out rooms must be limited to guests with passkeys
No recreational vehicles can be available
Coverage Form Motel Endorsement
Includes $2,500 limit for lock replacement & $25,000 liability for guests property subject to a $1,000 per guest limit
Specific Endorsements for Motels
Liability for Guests Property in Safe Deposit Boxes
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Office
Buildings must be occupied principally for office purposes, they can not exceed 6 stories or 100,000 sq. ft. in total area
Incidental Occupancies are permitted: - Apartments Eligible Wholesaler, Retail, Processing & Service Occupancies and Contractors* which do not exceed 100,000 sq. ft.
Business Personal Property in offices that do not occupy more than 100,000 sq. ft. in one building
*availability varies by state
Processing & Service
No more than 25% of annual gross sales may be from off-premises operations
Specific Endorsements Professional Liability
Barbers and Beauticians
Funeral Directors
Limited Pharmacists Liability
Optical and Hearing Aid Establishments
Printers Errors and Omissions
Veterinarians Professional
Restaurants
(Limited Cooking & Fast Food only)
No more than 7,500 sq. ft. in total area
Sale of beer & wine only not greater than 25% of total sales
No bar or cocktail lounge
No seasonal operations
Must be located in Protection Class 1-8
Catering service must not exceed 10% of total sales
Limited Cooking
Seating capacity not greater than 75
With or without table service
No grilling, open broiling, deep fat frying, roasting, barbecuing or other processes capable of producing grease-laden vapors that would require and exhaust system
Fast Food Restaurants
Seating capacity not more than 150
No table service
Installation & maintenance of an automatic extinguishing system for cooking equipment equivalent to NFPA Standard #96
Self-Storage Facilities
Building must not exceed 2 stories & there is no limitation to floor area
No cold storage or storage of industrial materials, chemicals, pollutants & waste
Self-Storage Facilities Endorsement
Includes a $25,000 limit for Customers Good Legal Liability, $5,000 limit for Sales & Disposal Liability
Wholesale/Distributors
No more than 25% of annual sales may be derived from retail operations & no more than 25% of that total floor area may be open to the public
Eligible classifications do not include the operations of manufacturers, reps or contractors
Since 1896, Austin Mutual Insurance Company has been providing insurance needs for owners of small businesses. Our agents know they can count on Austin for consistent and fair underwriting, competitive rates and prompt claims handling.
Over 100 years of conservative management and experience.
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Businessowners Policy Features
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Businessowners Policy Features
 Special Form
Replacement Cost (AVC Option)
$500 Standard Deductible with options for $250, $1,000, $2,500
Features
Principal Building Coverage
Buildings including completed additions
Outdoor fixtures
Permanently installed machinery and
equipment
Your personal property as a landlord in apartments, rooms or common areas
Personal property owned by you that is used to maintain or service the premises
Additions under construction, alterations & repairs to the building(s), materials, equipment, supplies and temporary structures on or within 100 feet of the premises
Business Income & Extra Expense
Actual loss sustained up to 12 consecutive months when interrupted by a covered loss
Ordinary payroll expenses for 60 days following the loss
Principal Liability Coverage
Bodily Injury and Property Damage Liability
Product/Completed Operations Hazard Liability (twice the BI & PD limit)
Personal and Advertising Injury
Tenants Fire Liability Coverage $50,000
Medical Expenses $5,000
Liability limit options include:
- $300,000/$600,000
- $500,000/$1,000,000
- $1,000,000/$2,000,000
- $2,000,000/$4,000,000*
*(retail office, service & wholesale) requires prior underwriting approval
Business Personal Property Coverage
Property that you own that is used in your business, on or within 100 feet of the premises
Property of others in the insureds care, custody or control
Tenants improvements and betterments
Leased personal property for which you have a contractual liability to insure
Exterior building glass, if you are a tenant
Computer Hardware and Software
Additional Coverage(s)
Automatic Debris Removal 25% of the direct loss plus $10,000
Preservation of Property 30 days
Fire Department Service Charge $1,000
Pollutant Clean Up & Removal $10,000 by a covered loss
Money Orders & Counterfeit Paper Currency $1,000
Forgery or Alteration $2,500
Increased Cost of Construction $10,000
Business Income From Dependent Properties $5,000
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Coverage Extensions
Automatic Newly Acquired or Constructed Buildings $250,000
Personal Property $100,000 for 30 days
Outdoor Property $2,500 but limited to $500 for any tree, shrub or plant
Personal Affects $2,500
Valuable Papers & Records $10,000 on/$5,000 off
Accounts Receivable $10,000 on/$5,000 off
Outdoor Signs on building $1,000
Building Limit Automatic Increase
Business Personal Property Seasonal Increase 25%
Equipment Breakdown (can be excluded with premium credit)
Optional Coverage(s)
PLUS Endorsement
Outdoor Signs $10,000
Money & Securities, Inside $10,000 & Outside $5,000
Forgery & Alteration $10,000
Personal Property Off Premises $10,000
Spoilage $10,000
Individual Risk Premium Modifications (IRPM)
Premium credits or debits for special characteristics of the risk that are not fully reflected in the rates may be allowed. The credit or debit developed by the use of this rule is applied after all other rating procedures, and may not be used to reduce any minimum premium.
Policy Minimum Premium - Varies by state, see agents manual.
Additional endorsements Available
Accounts Receivable
Actual Cash Value
Automatic Increase in Insurance Building
Business Income from Dependent Properties increase up to $50,000
Business Income Extended Period of Indemnity
Employee Dishonesty
Forgery & Alteration
Money & Securities
Outdoor Signs
Valuable Paper & Records
Business Liability Tenants Fire Liability
Business Liability Coverage Tenants Liability
Blanket Insurance
Property Endorsements
Business Income Changes Time Period
Condominium Commercial Unit-Owners Optional Coverages
Earthquake
Food Contamination
Functional Building Valuation
Functional Business Personal Property
Loss Payable Provisions
Named Perils Building & BPP
Ordinance or Law Coverage
Spoilage Coverage
Sprinkler Leakage Earthquake Extension
Utility Services Direct Damage
Utility Services Time Element
Water Back-Up and Sump Overflow
Liability Endorsements
Business Liability Coverage Amendment of Liability and Medical Expenses Limit of Insurance
Comprehensive Business Liability Exclusion
Employee Benefits
Hired Auto & Non-Owned Auto
Liquor Liability Coverage
Newly Acquired Organizations Businessowners Liability Coverage
Additional Insured Endorsements
Care, Custody or Control Exception
Employers Liability (Stop Gap)
Special Endorsements Inland Marine
Photographic Equipment
Physicians & Dentists Equipment Coverage
Replacement Cost Endorsement
Transportation Coverage
Owners Cargo Coverage
Fine Arts Coverage
Breakage Coverage Fine Arts
Miscellaneous Scheduled Property Floater
Miscellaneous Bailee Processor Floater
Exhibition Floater
Laundry & Dry Cleaners Coverage
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Business Auto Policy
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Business Auto Policy
Commercial auto insurance is provided under the Business Auto policy simplified language, which provides Bodily Injury and Property Damage Liability for commercial auto risks, along with a variety of other coverages.
Policy Features
Annual Policy Term
Combined Single Limit of Liability Coverage
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Principal Business Auto Coverage(s)
Liability (Combined Single Limits): $300,000, $500,000, $750,000 & $1,000,000
Personal Injury Protection (available in certain states)
Medical Payments Protection (available in certain states)
Uninsured Motorists
Underinsured Motorists
Other than Collision Coverage
Towing
Collision
Commercial Auto Eligible Classifications
Service, Retail and Commercial Use
Up to Intermediate Radius (up to 200 Miles)
Up to 45,000 lbs Gross Vehicle Weight
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Classification
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Common Optional Coverage(s) and Discounts
Fleet Discount (five or more autos)
Full Safety Glass Coverage on Private Passenger types (AZ & MN)
Drive Other Car Coverage
Non-Ownership Liability
Individual as the Named Insured
Hired Autos
Rental Reimbursement
Audio, Visual & Data Electronic Equipment
Tapes, Records & Discs Coverage
Scheduled Rating Modifications
Coverage is subject to acceptable motor vehicle reports and favorable loss history.
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Commercial Umbrella Policy
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Commercial Umbrella Policy
Commercial umbrella liability insurance provides a safeguard against the excess third party liability exposure.
Todays operations of a business owner involve a variety of exposures to risks of loss by a third party interest. This is a major concern, with the prevalence of lawsuits and the trend to larger jury awards. A sizable liability loss could have an extremely adverse financial impact on the business operations. Commercial umbrella liability insurance provides a safeguard against the excess third party liability exposure.
Eligibility
Coverage designed to cover the excess liability exposure of small to medium size businesses, is available for a business owner with premises and operations eligible for Businessowners and Commercial Automobile insurance provided by Austin Mutual. This insurance program will provide the primary underlying coverage.
One-Year Policy Term Coverage Description
Commercial umbrella liability coverage for a business operation will pay on behalf of the insured, the ultimate net loss in excess of the underlying limit or self-insured retention ($10,000), whichever is greater, because of:
- Bodily Injury
- Property Damage
- Personal Injury and
- Advertising Injury
Caused by an occurrence which takes place anywhere in the world. It is excess third party liability catastrophe insurance, and not a supplement to inadequate first dollar insurance.
The ultimate net loss is the amount actually paid in the settlement or satisfaction of a loss for which the insured is liable.
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Limits of Liability
The basic policy limit for commercial umbrella liability coverage is $1,000,000, subject to the following limit of insurance provisions:
- $1,000,000 Each occurrence
- $1,000,000 Personal & Advertising Injury
- $1,000,000 Products-Completed Operations Aggregate
- $1,000,000 General Aggregate
The limits may be increased by $1,000,000 increments to a maximum total limit of $5,000,000.
Underlying Insurance Requirement
Commercial umbrella liability coverage requires several types of primary or underlying insurance to cover potential exposures such as, but not limited to:
General Liability
Must be written by Austin Mutual under a Businessowners policy
Minimum required underlying general liability limits: $500,000 each occurance/$1,000,000 aggregate
Business Automobile Liability
Eligible risks must be written by Austin Mutual
Private passenger auto, light trucks (10,000 lbs or less) & medium trucks (10,001 to 20,000 lbs):
Split Liability of $500,000/$500,000 bodily injury, UM & UIM (in states where coverage is mandatory) and $100,000 property damage
Heavy Trucks (20,001 to 45,000 lbs):
Split Liability of $1,000,000/$1,000,000 bodily injury, UM & UIM (in states where coverage is mandatory) and $100,000 property damage
Combined Single Limit of Liability of $1,000,000 bodily injury & property damage
Employers Liability
BI by accident $100,000 each accident
BI by disease $500,000 policy limit
BI by disease $100,000 each employee
Employee Benefits Liability
Claims made no retro date prior to inception & no supplemental Extended Reporting Period
$500,000 occurrence/aggregate
Liquor Legal Liability
(on eligible risks only)
$500,000 occurrence/aggregate
*Underlying liability insurance may be written with other insurers, provided they have a financial rating of B+ or better by A.M. Best Company.
Austin Mutual Insurance Company provides affordable, quality protection and service that is tailored to meet your individual business needs.
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Workers Compensation
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Compensation and Employers Liability Insurance
Austin Mutual Workers Compensation program provides coverage to comply with the responsibilities imposed upon an employer by the Workers Compensation law of your state.
Coverages
PART ONE WORKERS COMPENSATION INSURANCE
Workers Compensation Insurance is statutory coverage for employers subject to the workers compensation law of a state.
Austin Mutual will cover benefits required of the employer by the workers compensation law. This workers compensation insurance applies to bodily injury by accident or bodily injury by disease, including resulting death during an employees employment.
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PART TWO EMPLOYERS LIABILITY INSURANCE
Employers Liability Insurance protects the employer against claims for occupational diseases or work-related injuries not covered under state compensation laws.
This employers liability insurance applies to bodily injury by accident or bodily injury by disease, including resulting death.
Options
- Small Deductible Program
- Employers Liability Increased Limits
- Premium Discounts
- Schedule Rating Plan
Services
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Technology
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Billing Plans
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Learn more about our company in the About Us section.
From the Austin web site, agents have access to Austins product manuals and company forms, as well as many other features. The Austin Mutual web site is a definite Add To Favorites.
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Austin Mutual offers convenient payment plans that will fit your needs:
- Annual (total premium)
- Quarterly (four equal installments)*
- Monthly (two months down & 10 equal installments)*
- EFT Auto Withdrawal (twelve equal installments, no fee attached)
*Service fee charged on installments
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The business classes and the information on this website are subject to change without notice at any time. The information provided is intended only as a broad overview of coverage(s). This information is not an insurance policy and does not operate to modify, revise or amend any policy provision, condition or exclusion. All risks are subject to risk eligibility and underwriting guidelines of Austin Mutual Insurance Company. Coverage and product availability may vary by state. Your policy is the contract that specifies and fully describes your coverage(s).
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