Arrowhead Wholesale Insurance Services LLC has added a carrier insuring small business owners in California. The program is offered through an “A-” V rated, admitted carrier.
Target classes include office, retail, lessor’s risk, wholesale/distributors and restaurants. Minimum premium starts at $750 with $500 standard deductible. Other deductible options are available. Credits are available for multi-location accounts.
Product highlights include, but are not limited to: specified cause of loss coverage, replacement cost, no coinsurance, and 2 percent automatic inflation guard. Business income and extra expense coverage is available on an actual loss sustained basis, subject to the policy limit. Building coverage includes additions and maintenance equipment, outdoor fixtures, and furniture. There is $1 million fire legal liability for retail, office and restaurant programs; $5,000 for medical payments per person/$25,000 aggregate. Theft coverage is available for businesses with a central burglar alarm. Spoilage coverage is available in the restaurant program up to $1,000 (specified cause of loss). Risks located in buildings older than 45 years will be considered with updates.
Liability limits start at $300,000/$600,000, up to $1 million/$2 million.
To obtain a quote, please submit an acord 125, 126, and 140 application, with up to three years of loss runs (no loss letter OK for new ventures) to AWISsubmissions@arrowheadgrp.com. Installment plan is available if desired. For more information, visit www.arrowheadwholesale.com.
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