WESTERN RESERVE GROUP
Businessowners Quotation
WESTERN RESERVE MUTUAL CASUALTY COMPANY
Quote Number:
0000065481
Quote Prepared:
03/02/2022
Telephone:
(513) 896-5555
Quote Prepared For: SHEARS RENOVATIONS LLC
1663 OWENSVILLE RD
LUCASVILLE, OH 45648
Agency:
Quote Period:
UNITED HEARTLAND INS AGENCY - 348849
150 HIGH ST
HAMILTON,OH 45011
03/02/2022 To 03/02/2023
TOTAL ADVANCE PREMIUM
DOWN PAYMENT REQUIRED
$1,787
$148.92
Liability and Medical Expenses Limits of Insurance
LIABILITY AND MEDICAL EXPENSES LIMIT
$
1,000,000
Per Occurrence
MEDICAL EXPENSES LIMIT
$
5,000
Per Person
OTHER THAN PRODUCTS/COMPLETED OPERATIONS AGGREGATE LIMIT
$
2,000,000
PRODUCTS/COMPLETED OPERATIONS AGGREGATE LIMIT
$
2,000,000
EMPLOYERS LIABILITY (STOP GAP)
HIRED AUTO LIABILITY
NON-OWNED AUTO LIABILITY
Described Premises and Coverages
(refer to schedule beginning on page 3)
THIS IS NOT AN OFFER OF INSURANCE AND DOES NOT BIND COVERAGE.
The total advance premium and coverages shown is an estimate based upon information provided to us and is subject to change. Further
details regarding insurance values and exposures may be required or dependent on additional underwriting documentation and approval.
A completed Application is necessary to bind and issue a policy.
Page 1 of 7
Quote Number:
0000065481
Quote Prepared:
03/02/2022
Quote Prepared For: SHEARS RENOVATIONS LLC
Premium Bearing Endorsement Information
Description
Endorsement
BP 04 04||
WBP 07||
WBP 66||
Limit
Premium
Hired Auto And Non-Owned Auto Liability
Hired Auto
$
55
Non-Owned Auto
$
96
$
214
$
270
$
75
Ohio - Stop Gap - Employer's Liability Coverage
Each Accident
$
1,000,000
Each Employee
$
1,000,000
Aggregate
$
2,000,000
Contractors' Special Installation, Tools and Equipment Coverage
Base Coverages
$
10,000
Blanket Limit
$
10,000
Coverage 3 - Non-Owned Tools And Equipment
$
25,000
Coverage 4 - Employees' Tools
$
10,000
Coverage 1 - Contractors' Installation
Coverage 2 - Contractors' Tools And Equipment
WBP 67||
Care, Custody or Control Coverage
Page 2 of 7
Quote Number:
0000065481
Quote Prepared:
03/02/2022
Quote Prepared For: SHEARS RENOVATIONS LLC
Described Premises and Coverages
PREMISES ADDRESS: 1663 OWENSVILLE RD, LUCASVILLE, OH 45648
BUILDING DESCRIPTION:
Prem / Bldg
Property Coverage
Deductible:
$500
Optional Coverage
Deductible:
$500
Limit of
Insurance
1/1
Business Personal Property
||Equipment Breakdown
$
3,000
1/1
Damage to Premises Rented to You (Section II – Liability)
$
50,000
Premium
$
1,077||
||
||
Page 3 of 7
Quote Number:
0000065481
Quote Prepared:
03/02/2022
Quote Prepared For: SHEARS RENOVATIONS LLC
BUSINESSOWNERS PREMIUM AUDIT SCHEDULE
Described Premises and Classifications
Premises 1 / Building 1
Class
Code
74221
Classification Description
Carpentry-interior-office
Liability
Exposure Base
Payroll
Liability
Exposure
Rate
Advanced
Premium
$
7.303
$
141,900
1,036
Page 4 of 7
Quote Number:
0000065481
Quote Prepared For:
SHEARS RENOVATIONS LLC
Quote Prepared:
03/02/2022
Important Features Automatically Included With Your Coverage
• Accounts Receivable
$ 10,000 On-Premises Limit
$ 5,000 Off-Premises Limit
• Automatic Increase Percentage – Building Limit
4% applies to Limit of Insurance annually for each Building. This
percentage may be adjusted in 2% increments, subject to
2% min. and 24% max. Percentages may vary by premises.
• Business Income Coverage
Actual Loss Sustained (12 months)
• Business Income from Dependent Properties
$
• Business Liability – Broadened Coverage for
Non-owned Watercraft
5,000 at dependent or secondary dependent property.
Watercraft < 51 feet
• Business Liability – Supplementary Payments
for Bail Bonds
$
250
• Business Liability – Supplementary Payments
for Loss of Earnings
$
250
• Business Personal Property Limit – Seasonal
Increase
Increases BPP limit by 25% for seasonal variances.
• Business Personal Property Temporarily in
Portable Storage Units
Up to 90 days located and used at your scheduled locations.
• Collapse
Included
• Damage to Premises Rented to You (Liability)
Fire
$ 50,000
Yes
• Debris Removal – Additional Coverage
$ 25,000
• Electronic Data
$ 10,000 annual aggregate applies to replace or restore electronic
data destroyed or corrupted, including computer virus.
• Equipment Breakdown
Included
• Extended Business Income
60 additional consecutive days of Business Income coverage
applies after repairs completed and operations are resumed.
• Extra Expense Coverage
Actual Loss Sustained (12 months)
• Fire Department Service Charge
$
2,500
• Fire Extinguisher Systems Recharge Expense
$
5,000
• Forgery or Alteration
$
2,500
• Glass Expenses (temporary)
Included (not subject to a Limit of Insurance)
• Increased Cost of Construction Coverage
$ 10,000
• Interruption of Computer Operations
$ 10,000 annual aggregate. Extends BI/EE to include suspension
due to destruction or corruption of electronic data by Specified
Causes of Loss, collapse and computer virus.
• Limited Coverage for Fungi, Wet Rot,
or Dry Rot
$ 15,000 annual aggregate applies and 30 days BI/EE for loss
that results from Specified Causes of Loss (except fire or
lightning).
Page 5 of 7
0000065481
Quote Number:
Quote Prepared:
03/02/2022
Quote Prepared For: SHEARS RENOVATIONS LLC
Important Features Automatically Included With Your Coverage (continued)
• Money Orders and Counterfeit Money
• Newly Acquired or Constructed Property
(up to 30 days)
• Outdoor Property:
Fences, Radio & TV Antennas, including
Satellite Dishes, Trees, Shrubs, and Plants
(losses due to fire; lightning; explosion;
riot or civil commotion; or aircraft only)
$
1,000 coverage for loss if counterfeit money or money orders
accepted in good faith are not paid on presentation to the issuer.
$250,000 Buildings
$100,000 Business Personal Property
$
$
2,500
1,000 (maximum per Tree, Shrub, or Plant)
• Outdoor Signs – freestanding
(losses due to fire; lightning; explosion;
riot or civil commotion; or aircraft only)
$
2,500
• Personal Effects
$
2,500
• Personal Property Off-premises / In Transit
$ 10,000
• Pollutant Clean-up and Removal
(per policy period)
$ 10,000
• Premises Boundary
Within 100 ft.
• Preservation of Property
30 days
• Vacancy Standard
Vacant unless at least 31% or more of building is occupied
• Valuable Papers and Records
• Water Damage, Other Liquids, Powder or
Molten Material Damage
$ 10,000 On-Premises Limit
$ 5,000 Off-Premises Limit
Includes costs to tear out and replace part of the building in
order to repair system.
Page 6 of 7
Quote Number:
0000065481
Quote Prepared For:
SHEARS RENOVATIONS LLC
Quote Prepared:
03/02/2022
Businessowners Broadening Endorsement
Business Income and Civil Authority
Waiting Period
48 hours
Money and Securities
$
$
Outdoor Signs – attached to buildings
Building Limit of Insurance
Removal of Insurance-to-value Provision
5,000 On-Premises Limit
5,000 Off-Premises Limit
Included
Businessowners Broadening Endorsement provides coverage as shown and/or modifies the Businessowners
Coverage Form. Limits of Insurance amending specific coverage individually (if any) are displayed elsewhere in this
proposal when applicable. Please refer to the forms for actual terms, conditions, coverages, limits, and exclusions.
All portions of the policy for which coverage is being offered, other than those stated below, are subject to the
Terrorism Risk Insurance Act. The portion of the premium that is attributable to coverage addressed by the Act
is $0.00. Refer to attached PNC ML5 disclosure notice for the percent of federal government participation that will
apply to covered losses.
The Professional Liability coverage provided under any of the following endorsements is not subject to the Terrorism
Risk Insurance Act:
Barbers Shops and Hair Salons Professional Liability
Beauty Salons Professional Liability
Funeral Directors Professional Liability
Optical and Hearing Aid Establishments
Pharmacists
Pharmacists – Broad Coverage
Printers Errors and Omissions Liability
Veterinarians Professional Liability
This proposal is valid for a period of 60 days from the date prepared and may be subject to revision. If issued, a
policy with Total Advance Premium is subject to adjustment by a final audit. Thank you for giving us the opportunity to
review your insurance needs.
Page 7 of 7
Western Reserve Mutual Casualty Company
Lightning Rod Mutual Insurance Company
Sonnenberg Mutual Insurance Company
Disclosure Notice (Pursuant to Terrorism Risk Insurance Act)
In accordance with the Terrorism Risk Insurance Act, as amended, this offer includes coverage for losses
resulting from certified acts of terrorism. As defined in Section 102(1) of the Act: The term "act of
terrorism" means any act that is certified by the Secretary of the Treasury—in consultation with the
Secretary of Homeland Security, and the Attorney General of the United States—to be an act of terrorism;
to be a violent act or an act that is dangerous to human life, property, or infrastructure; to have resulted in
damage within the United States, or outside the United States in the case of certain air carriers or vessels
or the premises of a United States mission; and to have been committed by an individual or individuals as
part of an effort to coerce the civilian population of the United States or to influence the policy or affect the
conduct of the United States Government by coercion.
Disclosure of Federal Participation in Payment of Terrorism Losses:
Where coverage is provided by the policy being offered, for losses resulting from certified acts of
terrorism, such losses may be partially reimbursed by the United States Government under a formula
established by federal law. However, the policy being offered may contain other exclusions which might
affect your coverage, such as an exclusion for nuclear events. Under the formula, the United States
Government generally reimburses 80% beginning on January 1, 2020, of covered terrorism losses
exceeding the statutorily established deductible paid by the insurance company providing the coverage.
The premium charged for this coverage is provided below and does not include any charges for the
portion of loss that may be covered by the federal government under the Act.
Disclosure of Cap on Certified Terrorism Losses:
The Terrorism Risk Insurance Act, as amended, contains a $100 billion cap that limits U.S. government
reimbursement as well as insurers' liability for losses resulting from certified acts of terrorism when the
amount of such losses in any one calendar year exceeds $100 billion. If the aggregate insured losses for
all insurers exceed $100 billion, your coverage under the policy being offered may be reduced.
Disclosure of Premium:
The portion of your premium, for the policy being offered, that is attributable to coverage for certified acts
of terrorism, as defined in the Act, is $0.00.
PNC ML5 01 21
Page 1 of 1