A Package of Protection for Your Practice or Business

bobYour business faces many risks – for example, a fire that can damage or destroy your building and equipment, or a patient or customer falling in your office and suing your business.  That’s why it’s important to have a strong Business Owners Policy, a policy that combines many different important coverages.  

A typical Business Owners Policy provides coverage for the following: (1) property coverage on the building if you own the building, (2) property coverage on the contents of the building, and (3) business liability insurance, which provides you with a legal defense against a liability claim, and then covers (up to the policy limit) a judgment against you or a settlement that is covered by the policy.  

Valuable Options Available

There are also many optional coverages available on a Business Owners policy that permit you to customize your policy to your specific needs by adding coverage enhancements and options.  The Hartford’s Business Owners Policy, which many of our physician and attorney customers select, provides many of the options that are of particular importance to professional practices, such as:

  • Additional limits for Computers and Media, in the event that there is virus damage to computer equipment, software, or data -- a growing concern to our physician customers who have transitioned to electronic health records.  
  • Additional coverage for laptop computers.
  • Various limits of Business Income coverage, which helps make up for lost income when a practice cannot see patients because the office has been damaged in a covered loss.  The Hartford offers several options for calculating lost Business Income, to minimize the burden on the customer in the event of a claim.
  • Excess Umbrella Liability coverage can be added to the policy.
  • Coverage for specialized equipment, such as MRIs and CT scans, and coverage for Equipment Breakdown.
  • Coverage for Spoilage of Perishable Medicines and Medical Supplies.


 Learn More about Business Income Coverage for Healthcare Practices

Please click here to view video on Business Income Coverage for Healthcare Practices


The Sellers & Co. Advantage
At Sellers & Co., we help many businesses obtain Business Owners insurance.  We work with medical and law practices across New York State for this coverage.  (Certain areas of the state may require special underwriting approval.)  Accordingly, we understand the various risks and challenges facing professional offices today and can assist your practice in selecting the coverage it needs.  

(Information provided is a summary only.  For complete terms and limitations, please refer to the applicable Certificate or Policy of Insurance.  Specimen copies available upon request.)