Acuity’s Businessowners Policy – Bis-Pak®
Bis-Pak® is the easiest way to insure smaller businesses. The broad coverage insures buildings, contents, and liability with business income included automatically—all in one simple policy.
Property Coverage Details
From building and contents coverage to loss of income and full replacement coverage, Acuity property insurance provides broad coverage for your property’s needs.
Commercial auto insurance
Does your business rely on vehicles to get work done? When an employee is involved in an auto accident our commercial auto insurance protects your business. Acuity would love to keep you working and on the road.
General Liability
This protects you when someone takes legal action against you, including your defense costs when a customer slips on a wet floor or falls on incorrectly installed stairs. With Acuity’s general liability coverage, you will feel at ease knowing we have your back.
Specialized Coverages
Directors' and officers' libability - condominium or cooperative
You and your directors and officers work hard to keep your operation running smoothly. With this coverage, we can protect you from claims resulting from their service as directors or officers so they can focus on keeping your business running in tip-top shape.
Water backup and sump overflow coverage
Water can cause substantial damage to your property – and it can cost you a pretty penny to fix it. Protect your property by adding this coverage for losses caused by water backup or overflow from a sump.
Full building coverage
With replacement cost and actual cash value, a building limit will appear on your policy and your insurance company will not pay more than that limit to rebuild your building. With full building coverage, there is no building limit, meaning that we will pay to have your building rebuilt to exactly how it was before the loss - no matter the price.
Business interruption coverage
Your business is your livelihood. In the unfortunate event that a loss leads to temporary closure of your property, we will help cover your loss of income while we help you get back on your feet. Rental income coverage is automatically included in our businessowners (Bis-Pak) plan, and it is an option in a package plan.
Ordinance or law
A claim causing damage to your building is bad enough. Adding insult to injury, your building could be found inadequate according to current city, state, or federal ordinances when it’s time to rebuild. The standard property form does not cover some of the costs of rebuilding, such as increased construction costs to bring the building up to current code. Adding ordinance or law coverage can pay for these extra charges.
Equipment breakdown coverage
You rely on your equipment to keep your property running smoothly. Let us make sure you’re covered if it breaks down. This coverage will not only pay for loss to your equipment, but also loss of income.
Employee dishonesty
As an employer, you try your best to hire good people. However, there is always the chance one of your employees is facing a difficult situation and can not resist temptation. This coverage protects you against loss from dishonest acts committed by an employee, whether identified or not, and acting alone or in partnership with other people.
Loss Control Professionals
Once an injury occurs, it is too late to assess what should have been done. We staff highly trained loss control professionals with manufacturing backgrounds who work directly with you to help improve safety and prevent accidents.
Safety materials
Our online educational materials, including videos, loss prevention articles, and much more, are available anytime, anywhere, and will help you sustainably grow your business.
State-of-the-art claims services
You do your best to keep your property loss-free, but when one does happen, you will receive immediate care with Acuity. In our 90+ years of experience, we have handled fires, tornadoes, and everything in between. We will contact you the same day the claim occurs and, in the event of a large loss, our team will be on the scene ASAP to begin working on your claim. Rest easy – we’ve got your back.
FAQs
Have questions? We have answers.
What type of apartments, condos, and rental properties does Acuity insure?
We insure a variety of properties, including apartments, condominiums, and rental dwellings such as single-family houses and duplexes.
Does Acuity require a separate wind/hail deductible?
No, we do not. Some other carriers are moving towards using a separate deductible for wind and hail claims that is usually higher than the standard property deductible. Acuity does not have a separate wind and hail deductible, meaning that you would pay the same deductible for a wind or hail claim as you would any other cause of loss.
Is Acuity looking for larger or smaller property owners?
Both! We write a wide range of property owner sizes, from just 1 property to 20 or more!
I need coverage for a condo association. Can Acuity help me?
Certainly! We offer coverage for both condominium associations and homeowner associations.
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