ISBA Mutual Insurance Company offers a comprehensive office package policy that provides property and general liability coverage specifically designed for lawyers in Illinois.
Protecting the tangible vs. intangible assets that include your law practices – from law libraries, artwork, records and the potential loss earnings from catastrophic events are covered by our Business Owners Policy Coverage. Features of the Coverage includes:
Business Owners Policy Property Coverage (BOP)
- Full Replacement Cost
- No Coinsurance
- Business Income and Extra Expense
- Actual loss sustained up to 12 months
- No waiting period
- Billable hours option up to $50,000
- Dependent properties—$50K limit included; can be increased
- Electronic Equipment Breakdown
- Utility Services ($25,000 limit)
- Direct damage and business income extra expense
- Valuable Papers ($100,000 blanket limit)
- Flood and earthquake perils covered
- Accounts Receivable ($250,000 blanket limit)
- Flood and earthquake perils covered
- Fine Arts ($100,000 limit)
- Identity Fraud ($25,000 limit)
- Water Backup and Sump Pump Overflow ($25,000 limit) Employee Dishonesty ($50,000 limit)
- ERISA ($100,000 limit)
Business Owners Policy Liability Coverage:
- Defense Outside Liability Limits
- Medical Payments ($10,000 limit)
- Damage to Premises Rented to You ($1,000.0000 limit)
- Perils expanded to include fire, water, smoke, lightning and explosion
- Automatic Blanket Additional Insureds
- Lessors/Landlords of premises • Lessors of leased equipment
- Waiver of Subrogation
- Blanket based on contract
Optional Liability Coverage Endorsements Available
- Employment-related Practices Liability (EPLI)
- Hired and Non-owned Auto Liability Hired Car Physical Damage
- Employee Benefits Liability
Excess Liability Coverage:
- Follow Form With Underlying up to $5 Million for the Following Coverages:
- General Liability
- Auto Liability
- Employers Liability Employee Benefits Liability
