Gray-Stone & Co. Adds New Commercial Package Policy

February 5, 2010

Thousand Oaks, Calif.-based Gray-Stone & Co. is offering a new commercial package policy for California.

Written on admitted paper, the carrier is rated “A-” XI by A.M. Best. The commercial package policy includes property, business owners policy (BOP) and general liability — up to $1 million liquor liability for some risks. Property coverage is $3 million per location for property protection classes 1-6. Also included is business income – actual loss sustained, 100 percent replacement cost, commercial general liability limits of $1 million/$2 million/$1 million, cover for directors and officers, hired/non-owned auto for $1 million limit and excess up to $5 million is available. BOP minimum premium is $750/CPP $1,000.

Target classes include but are not limited to: apartment buildings (up to $15 million), appliance stores, bakeries, barber shops/beauty parlors, beverage stores – liquor & wine (up to $2 million general aggregate); building or premises (LRO); clothing or apparel; retail & distribution; condominiums; convenience stores; delicatessens; distributors; dry cleaners; fabric shops; florists; fruit or vegetable – retail or distributors; lessor’s risks; nail salons; office risks; pharmacies; restaurants; retail stores; shopping centers; supermarkets; variety stores and more.

“We are proud to represent this market and invite inquiries from current and new agents and brokers,” said Howard Stone, company president. For information, e-mail HStone@gray-stone.com.

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