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Specialty Products

Small Business Special Risk

Tall office building

Product Info

Arrowhead’s Small Business Program covers DIC perils including Earthquake, Flood and EQSL, for smaller California businesses only. We offer:

  • One business day premium indications
  • Policy Limits available from $250,000 to $10 million for commercial occupancies, and up to $20 million for habitational occupancies (HOA, apartments, multi-unit condos)
  • Minimum premium: $2,500
QBE Specialty Insurance Company, Everest Indemnity, Empire Indemnity Insurance Company
CA

Coverage Highlights

  • Policy Limits available from $250,000 to $10 million for commercial occupancies, and up to $20 million for habitational occupancies (HOA, apartments, multi-unit condos)
  • Total Insurable Values (TIV) from $250,000 to $10 million for commercial occupancies, and up to $20 million for habitational occupancies (HOA, apartments, multi-unit condos)
  • Minimum premium: $2,500
  • TIV under $5 million must purchase full limits
  • TIV of $5 million+ must purchase a minimum loss limit of $2,500,000
  • Per unit deductible 5% – 25%. Five deductible options provided on each quote
  • Minimum EQ deductible = $25,000
  • Minimum Flood deductible:
    • $25,000 (for TIVs under $5,000,000)
    • $50,000 (for TIVs over $5,000,000)
  • Valuation = Replacement cost | BI = Actual loss sustained
  • $150 policy fee / $240 inspection fee (Waived on renewals; inspections are reordered every 3 years)
  • Additional coverages available to include:
    • Business income (not to exceed 40% of account TIV)
    • Building ordinance
    • Full coverage A. B and C are sublimited to 10% of all building values (must meet year built requirements – please contact us for further information)

Target Market

  • Commercial occupancies
  • HOAs, apartments and multi-unit condos are accepted (4-unit minimum)

Restrictions:

  • Risks with tuck-under parking, poorer construction types or older construction will immediately be declined
  • Location address used to search soils database to determine adequacy of soils
  • Soft soil situations or very high liquefaction will prompt declination
  • Property age limitations:
    –Wood frame: 1960
    –Reinforced joisted masonry 1965 (concrete block)
    –Concrete tilt up: 1976
    –Reinforced concrete/steel frame/metal: 1970
  • All property locations will be inspected to verify submitted information is accurate
  • 25% minimum earned premium
  • No single-family dwellings
  • No HOAs that consist of only common area values

How to quote

Quote Online at ArrowheadExchange.com

  • Go to ArrowheadExchange.com, select Producer and login
  • Select Commercial Earthquake on your left navigation, then click Get a Quote or Renewal Quote
  • Enter underwriting information
  • Premium indication will emailed within one business day
  • Option to print a quote form to present to your client
  • Request to bind coverage online. Arrowhead reviews all submissions before coverage can be bound
  • Required upon binding:
    • Surplus lines information
    • Inspection contact and phone
    • Mortgage and loss payee info (if applicable)
  • Payment terms are the same as our standard program requirements
    • An agency check must be received within 30 days of the month which a policy is effective
  • Policy issued after binding
  • Quotes are good for up to 90 days

NOTE: You cannot bind the same day. You must request to bind the day before you need coverage.

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