FMIC - Policy Coverage - Home Based Business, Replacement Value Endorsement, Added Perils

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Policy Coverage

Entrepreneurship Series - Home Based Business

Replacement Value Endorsement for Coverage C - Personal Property

Added Perils for Refrigerated Food Products
Policy Coverage Definitions

Entrepreneurship Series - Home Based Business

Your personal lines policy does not provide liability for business operations, and only provides $500 Business property coverage while on the premises.

Our Home - based Business program will provide coverage for your business liability and your business property at Actual Cash Value or Replacement Cost as well as the following coverages:

Standard BOP Coverages -

Additional Expense - $1,000	Products Coverage - Automatic
Loss of Income - Actual up to 3 months	Liability OLT - $100,000
Fire Legal - $50,000	Medical Payments - $500/$10,000


OR - Deluxe BOP Coverages -

Additional Expense - $1,000	Personal Injury - Included
Loss of Income - Actual up to 6 months	Seasonal Variation - 25% of Business Property limit for stated 90-day period
Fire Legal - $50,000	Valuable Paper/Records - $1,000
Accounts Receivable - $1,000	Products Coverage - Automatic
Employee Dishonesty - $1,000	Liability BGL - $300,000
Exterior Signs - $1,000	Medical Payments - $1,000/$25,000
Money and Securities - $1,000


Types of Eligible Risks -

Bakeries	Florist
Balloon Shop	Game, Toy, Hobby Store
Barber Shop & Beauty Salon	Gift, Novelty, Souvenir Store
Bicycle Shop	Record, Tape, Video Store
Book, Card or Magazine Shop	Retail, NOC
Candy, Nut, Confectionery Store	Tailor, Shoe Repair, Other Service Classes
Clothing Store	Office Class

In addition to the basic Home-based Business form which could cost you as little as the minimum premium of $100, you can add Broad Form coverage (form FMIC HOB - 1, edition 7/98) which provides the following enhanced coverages for an additional premium of $50.00 -

Accounts Receivable - $5,000
Employee Dishonesty - $2,500
Exterior Signs - $2,000
Money and Securities - $2,000
Valuable Paper/Records - $2,000
Loss of Earnings - Interruption of Off-Premises Power, Water, Communications Systems - $1,000. All loss - One event; $2,500 all events during policy period.
Transportation Coverage - Merchandise $5,000 per occurrence while aboard conveyance of common/contract carrier; or, $1,00 per occurrence while conveyed by you.
Employer's Non-Ownership Auto

If you operate a Barber Shop or Beauty Salon, we can provide the above Board form coverages and the required Beauty or Barber Shop Professional Liability (form FMIC HBB-1, edition 7/98) for an additional premium of $71.00 for Barber Shops or $88.00 for Beauty Salons.

For further information regarding our policies, send e-mail to
info@fulmontmutual.com, or write to us at:
Fulmont Mutual Insurance Company
P.O. Box 487, Johnstown, NY 12095-0487