Beauty, Barber & Nail Package Product

Transcription

1 USLI.COM Beauty, Barber & Nail Package Product As a Beauty, Barber or Nail Salon owner, do you have the right coverage? u General Liability that includes coverage for mental anguish or emotional distress u No coinsurance clause on the property coverage u Loss of income on an Actual Loss Sustained basis u Written on a Businessowners Policy form u Special liability rating based on number of chairs u Policy that is not subject to an audit u Professional Liability coverage Why you should place coverage with United States Liability Insurance Group Beauty, Barber & Nail Package Policy: Coverage Features Our Group Competitors Policy Businessowners policy form General Liability that expands the definition of Bodily injury to include mental anguish or emotional distress with no deductible Professional Coverage available Loss of Income on Actual Loss Sustained basis up to the stated limit available No Coinsurance Clause, No Classification or Designated Premises Endorsement Personal Property of Others up to Contents limit Replacement Cost available Special Cause of Loss including Theft available Equipment Breakdown coverage available Value Plus Endorsement is available on accounts eligible for Special form offering 13 valuable coverage enhancements; including water backup, Money & Securities, Employee Dishonesty, Valuable Papers, Signs, Accounts Receivable and More available Why choose to be insured with United States Liability Insurance Group? u One of only 20 A++ rated insurance groups in the United States by A.M. Best. u A proud member of the Berkshire Hathaway Group, recently voted the #1 most admired Property & Casualty Company in the world (Fortune Magazine). Insure your financial well-being with a stable Company that will be there to pay your claim. This document does not amend, extend or alter the coverage afforded by the Policy. For a complete understanding of any insurance you purchase, you must first read your Policy, Declaration Page and any Endorsements and discuss them with your Broker. A specimen policy is available from an Agent of the Company. Your actual Policy Conditions may be amended by Endorsement or affected by State Laws. BBNPP-POS-12-05

2 Beauty, Barber and Nail Salon Product Preferred Package Makeover Your Bottom Line!!! We offer a competitively priced product specifically designed for Beauty & Nail Salons and Barber shops. Our Package can be enhanced to include many optional coverages. Professional Liability for certain services is included at no additional premium. Product AdvAntAges: u General Liability and Professional Liability rated on the number of professional operators u Professional Operators renting booths or chairs are included as insureds u Tanning Device Liability available u Loss of Income - 12 month Actual Loss Sustained Basis with a stated limit u New Ventures are acceptable Our Package can be enhanced to include many optional coverages. optional coverages include: u Non-Owned & Hired Automobile coverage u Value Plus Endorsement is available on accounts eligible for Special form offering 13 optional coverages for one low flat charge including: Signs, Money & Securities, Employee Dishonesty, Personal Effects Coverage and more u Equipment Breakdown coverage AdditionAl AdvAntAges: u A.M. Best rated A++ carrier u Quick quote turnaround u Low minimum premium This document does not amend, extend or alter the coverage afforded by the Policy. For a complete understanding of any insurance you purchase, you must first read your Policy, Declaration Page and any Endorsements and discuss them with your Broker. A specimen policy is available from an Agent of the Company. Your actual Policy Conditions may be amended by Endorsement or affected by State Laws. BNSBS-NR (6/12)

3 COMMITTED TO A MAKING DIFFERENCE Beauty, Barber & Nail Package Product Claim Examples Property: In order to get ready for a wedding, and entire bridal party of 8 went to the insured s beauty salon. The salon was not equipped to handle so many customers. Amid the chaos, one of the employees left a sink running overnight. The water caused both $14,000 in building damage and $6,000 in business personal property damage. In order to repair the damage, the beauty salon had to shut down for three weeks, causing a $14,000 loss in income and $10,000 extra expenses to get the store up and running again. This loss was included in the business income with extra expense coverage. Professional Liability: The insured completely lost track of time as two chatty customers were drying their hair. The patrons stayed under the dryers for 2 hours and completely burned their scalps. They sued the insured for injuries. A customer of the nail salon sued the insured for cutting their toe while receiving a pedicure, recovering damages for $2,000. Automatic Businessowners coverages: A barbershop installed a bright neon sign above the front door in order to attract new customers. During a heavy windstorm, the sign cracked, and a portion of it fell to the ground smashing into pieces. After a bad hair cut, a recent high school graduate decided to vandalize the barber shop by throwing a rock through the front glass storefront window. Value Plus: An employee of a beauty salon was going through tough financial times. They forgot to turn on the alarm system when closing up for the night. No signs of break-in were evident. The owner noticed inventory levels were repeatedly lower when this employee closed the store. Cash in the register also was mysteriously low on these same nights. The insured notified the agent, and made an employee dishonesty claim, and a money and securities claim. Equipment Breakdown: The piping within the hot water heater ruptured from over usage, causing the nail salon to have to shut down for 4 hours. An equipment breakdown claim was made. This document does not amend, extend or alter the coverage afforded by the Policy. For a complete understanding of any insurance you purchase, you must first read your Policy, Declaration Page and any Endorsements and discuss them with your Broker. A specimen policy is available from an Agent of the Company. Your actual Policy Conditions may be amended by Endorsement or affected by State Laws. BBNPP PKG CLA (10/06)

4 USLI.COM Beauty Salons, Nail Salons & Barber Shops Product Application - All States You can obtain a quote by providing the information in Section I - Instant Quote below, subject to the remainder provided prior to binding. I. INSTANT QUOTE INFORMATION Instant Quote is only available for accounts with no losses in the past three years. If there is loss history, please complete the entire application. Applicant s name: Location address: q Same as mailing address City: State: Zip: Description of Operations: Classification: q Beauty parlor q Nail salon q Barber shop q Independent contractor Do you own the building? q Yes q No (If No, skip Building Owner Questions under both the Property & Liability Sections below) How many years has the applicant been at the current location? Property Section Construction: q Frame q Joisted masonry q Non-combustible q Masonry non-combustible q Modified fire-resistive q Fire-resistive q Other Protection class: Requested cause of loss: q Basic q Special Requested valuation: q Replacement cost q Actual cash value Deductible: q $1,000 q $2,500 q $5,000 Coinsurance: q 80% q 90% q 100% Business personal property limit $ Business income and extra expense limit $ Building Owner Building limit $ What year was the building constructed? What is the square footage of the entire structure? sq. ft. Is the building fully protected by an operational sprinkler system covering 100% of the premises? q Yes q No Liability Section Limit: q $100,000/$200,000 q $300,000/$600,000 q $500,000/$1,000,000 q $1,000,000/$2,000,000 Exposure Basis: # Full-time operators # Part-time operators (<20 hrs/week) Do you provide massage services? q Yes q No If Yes, number of people providing this service Do you have exposure to tanning units? q Yes q No If Yes, number of beds Building Owner Is any portion of the building leased to commercial tenants? q Yes q No If Yes, applicable sq. ft. Does the applicant lease any apartments at this location? q Yes q No If Yes, number of units applicable sq. ft. of apts. Additional Interests (AI = Additional Insured, LP = Loss Payee, M = Mortgagee) Name Relationship/Interest Address City, State, Zip AI LP M q q q q q q q q q II. LOSS INFORMATION FOR THE PAST THREE YEARS Property Coverages q None, or provide detail below. Year Status Incurred Description Liability Coverages q None, or provide detail below. Year Status Incurred Description BBNA 3/11 page 1 of 3

5 III. ADDITIONAL PROPERTY INFORMATION If you own the building and it is older than 10 years old, please complete the following: Age of roof yrs. Plumbing updated (yr) Electrical updated (yr) Heating updated (yr) Roof type: q Flat q Wood shake q Shingle q Metal q Tile q Slate q Other Plumbing type:q PVC q Copper q Lead q Galvanized q Other What type of burglar alarm is on the premises? q Central station q Local q None How many years has the applicant been at the current location? IV. ELIGIBILITY CRITERIA Property and General Liability 1. No past, pending or planned bankruptcy or judgement for unpaid taxes against the named insured or any officer, partner, member or owner of the applicant individually within the past five years q True q False 2. Coverage has not been cancelled or non-renewed in the last three years (not applicable in Missouri) q True q False If False, advise reason 3. Applicant and all professional operators have a valid license q True q False 4. No more than $3,000,000 in annual gross receipts q True q False 5. For any building built prior to 1978, 100% of the electric wiring is on functioning and operating circuit breakers q N/A q True q False 6. For any building built prior to 1978, there is no aluminum wiring or knob and tube wiring q N/A q True q False 7. Functioning and operational smoke detectors in all units and/or occupancies q True q False Property (in addition to the above applicable to both roperty and general liability) 1. In the past three years, no more than two property losses (excluding closed no pay) q True q False General Liability (in addition to the above applicable to both property and general liability) 1. No products sold under their own name or label q True q False 2. No removal of hair by electrolysis q True q False 3. No students operators q True q False Additional General Liability Information You have an exposure to tanning units q Yes q No If Yes, please answer the following questions: 1. No more than four units q True q False 2. All units are UL approved q True q False 3. All minors are required to have a parent or guardian sign a release prior to use q True q False 4. Individuals are warned against using tanning units when pregnant or using photosensitive medication q True q False 5. Applicant has exclusive access to controls q True q False 6. Individuals are required to wear goggles q True q False 7. Logs are kept on each person s use and maximum number of uses is enforced q True q False V. ADDITIONAL APPLICANT INFORMATION Form of business: q Individual q Corporation q Partnership q LLC q Other What year did the business start? Applicant s mailing address: (if different than the location address above) City: State: Zip: address of primary contact: Phone: Inspection contact name: Telephone/ address: Audit contact name: Telephone/ address: Virginia Notice: Statements in the application shall be deemed the insured s representations. A statement made in the application or in any affidavit made before or after a loss under the policy will not be deemed material or invalidate coverage unless it is clearly proven that such statement was material to the risk when assumed and was untrue. Minnesota Notice: The clause and/or authorization or agreement to bind the insurance. is replaced with Authorization or agreement to bind the insurance may be withdrawn or modified based on changes to the information contained in this application prior to the effective date of the insurance applied for that may render inaccurate, untrue or incomplete any statement made with a minimum of 10 days notice given to the insured prior to the effective date of cancellation when the contract has been in effect for less than 90 days or is being canceled for nonpayment of premium. Colorado Fraud Statement: It is unlawful to knowingly provide false, incomplete, or misleading facts or information to an insurance company for the purpose of defrauding or attempting to defraud the company. Penalties may include imprisonment, fines, denial of insurance, and civil damages. Any insurance company or agent of an insurance company who knowingly provides false, incomplete, or misleading facts or information to a policyholder or claimant for the purpose of defrauding or attempting to defraud the policyholder or claimant with regard to a settlement or award payable from insurance proceeds shall be reported to the Colorado division of insurance within the department of regulatory agencies. District of Columbia Fraud Statement: WARNING: It is a crime to provide false or misleading information to an insurer for the purpose of defrauding the insurer or any other person. Penalties include imprisonment and/or fines. In addition, an insurer may deny insurance benefits if false information materially related to a claim was provided by the applicant. Florida Fraud Statement: You are agreeing to place coverage in the surplus lines market. Superior coverage may be available in the admitted market and at a lesser cost. Persons insured by surplus lines carriers are not protected under the Florida Insurance Guaranty Act with BBNA 3/11 - United States Liability Insurance Group page 2 of 3

6 respect to any right of recovery for the obligation of an insolvent unlicensed insurer. Kentucky Fraud Statement: Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance containing any materially false information or conceals, for the purpose of misleading, information concerning any fact material thereto commits a fraudulent insurance act, which is a crime. Maine and Washington Fraud Statement: It is a crime to knowingly provide false, incomplete or misleading information to an insurance company for the purpose of defrauding the company. Penalties may include imprisonment, fines or a denial of insurance benefits. New Jersey Fraud Statement: Any person who includes any false or misleading information on an application for an insurance policy is subject to criminal and civil penalties. New York Fraud Statement: Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime and shall also be subject to a civil penalty not to exceed five thousand dollars and the stated value of the claim for each such violation. Ohio Fraud Statement: Any person who, with intent to defraud or knowing that he is facilitating a fraud against an insurer, submits an application or files a claim containing a false or deceptive statement is guilty of insurance fraud. Oklahoma Fraud Statement: WARNING: Any person who knowingly, and with intent to injure, defraud or deceive any insurer, makes any claim for the proceeds of an insurance policy containing any false, incomplete or misleading information is guilty of a felony. Pennsylvania Fraud Statement: Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information or conceals for the purpose of misleading, information concerning any fact material thereto commits a fraudulent insurance act, which is a crime and subjects such person to criminal and civil penalties. Tennessee and Virginia Fraud Statement: It is a crime to knowingly provide false, incomplete or misleading information to an insurance company for the purpose of defrauding the company. Penalties include imprisonment, fines and denial of insurance benefits. Fraud Statement (All Other States): Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false information in an application for insurance may be guilty of a crime and may be subject to fines and confinement in prison. Applicant s signature: Title: Date: If your state requires that we have information regarding your authorized retail agent or broker, please provide below. Retail agency name: License #: Main agency phone number: Agency mailing address: City: State: Zip code: BBNA 3/11- United States Liability Insurance Group page 3 of 3