Annual Policy Coverage Details
Year-round Coverage Selling Online, In Person, And Much More!
Starting At
$279
Annual
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Year-round Coverage Selling Online, In Person, And Much More!
$279
With the ACT annual policy, you get coverage for General Liability as well as products/completed operations. The annual policy provides you with the necessary coverage to sell your products in person at your store, at a show, or market, as well as to anyone online.
Plus, with the annual policy you have the option to include professional liability insurance, which provides coverage if you teach, host training sessions, do art demonstrations, or hold anything similar virtually. You can also optionally add Tools, Supplies, & Inventory Coverage (Inland Marine) to your policy to protect the items you use to run your business and create your work.
The ACT annual policy provides each insured with their own certificate of insurance and dedicated liability limits. To put it simply, you will not share limits with other ACT insureds. Another benefit of the ACT annual policy is that there is no liability deductible.
ACT has your back, so you can spend less time worrying about business risks and more time creating what you love.
General Liability Aggregate Limit
The most your policy will pay in a 12 month policy period for bodily injury and property damage claims that you become legally obligated to pay due to your business services.
$2,000,000
The maximum amount your policy will pay in a 12-month period for bodily injury and property damage claims arising out of the insured's products or business operations conducted away from the insured's premises once those operations have been completed or abandoned.
$2,000,000
General Liability Limit (Per Occurrence)
The maximum your policy will pay for a bodily injury or property damage claim that you become legally obligated to pay due to your business services.
$1,000,000
Personal and Advertising Injury Limit
The amount that your policy will pay for claims arising out of one or more of the following offenses:
-False Arrest, detention or imprisonment
-Malicious prosecution
-Wrongful Eviction or Wrongful Entry
-Oral or written publications that slander or libels a person or organization
-Oral or written publication or material that violates a person's right of privacy
-The use of another's advertising idea in your advertisement
$1,000,000
Damage to Premises Rented to You Limit
Applies to damage by fire to premises rented to the insured; also applies to damage regardless of cause to premises (including contents) occupied by the insured for 7 days or less.
$300,000
$5,000
$10,000
$250
Optional Professional Liability Limit (Per Occurrence)
Professional Liability Coverage protects your company against claims that a professional service you provided caused your client to suffer financial harm due to mistakes on your part (errors) or because you failed to perform some service (omissions).
$100,000
Optional Professional Liability Aggregate Limit
Professional Liability Coverage protects your company against claims that a professional service you provided caused your client to suffer financial harm due to mistakes on your part (errors) or because you failed to perform some service (omissions).
$200,000
Optional Professional Liability Deductible
Amount of money that the insured must pay before ACT Insurance will pay a professional liability claim.
$1,000
Optional Cyber Liability Limit (Per Occurrence)
First-party coverage can pay for expenses that directly result from the cyber security breach, such as the cost of restoring or replacing your data. Third-party coverage can pay for expenses that arise as a result of insurance claims against your company
$100,000
Optional Cyber Liability Limit Aggregate Limit
First-party coverage can pay for expenses that directly result from the cyber security breach, such as the cost of restoring or replacing your data. Third-party coverage can pay for expenses that arise as a result of insurance claims against your company
$100,000
Optional Cyber Liability Deductible
Amount of money that the insured must pay before ACT Insurance will pay a claim.
$1,000
Medical Expense Limit
$5,000
$0 – $50,000 in Annual Sales
$279
$50,000 – $100,000 in Annual Sales
$375
Optional Professional Liability
$125
$54
Optional Cyber Liability
$99
Raise Inland Marine Limits to $10,000/$50,000
$185
**Please note these are brief definitions of coverage and your policy may be more restrictive in its language. It is essential that you refer to the actual policy for a complete description of coverages and exclusions. If you would like to see a sample policy, please contact us.
We do not currently offer coverage for cannabis events.
General Liability Aggregate Limit
$2,000,000
The most your policy will pay in a 12 month policy period for bodily injury and property damage claims that you become legally obligated to pay due to your business services.
Products-Completed Operations Aggregate
$2,000,000
The maximum amount your policy will pay in a 12-month period for bodily injury and property damage claims arising out of the insured’s products or business operations conducted away from the insured’s premises once those operations have been completed or abandoned.
General Liability Limit (per occurrence)
$1,000,000
The maximum your policy will pay for a bodily injury or property damage claim that you become legally obligated to pay due to your business services.
Personal & Advertising Injury Limit
$1,000,000
The amount that your policy will pay for claims arising out of one or more of the following offenses:
– False Arrest, detention or imprisonment
-Malicious prosecution
-Wrongful Eviction or Wrongful Entry
-Oral or written publications that slander or libels a person or organization
-Oral or written publication or material that violates a person’s right of privacy
-The use of another’s advertising idea in your advertisement
Damage to Premises Rented to You LImit
$300,000
Applies to damage by fire to premises rented to the insured; also applies to damage regardless of cause to premises (including contents) occupied by the insured for 7 days or less.
Optional Tools, Supplies, & Inventory Limit (per occurrence)
$5,000
This limit is the most your coverage will pay on each claim of this type.
Optional Tools, Supplies, & Inventory Limit Aggregate Limit
$10,000
This limit is the most your coverage will pay out on all related claims in one policy period.
Optional Tools, Supplies, & Inventory Deductible
$250
Amount of money that the insured must pay before ACT Insurance will pay a claim.
Optional Professional Liability Aggregate Limit (per occurrence)
$100,000
Professional Liability Coverage protects your company against claims that a professional service you provided caused your client to suffer financial harm due to mistakes on your part (errors) or because you failed to perform some service (omissions).
Optional Professional Liability Aggregate Limit
$200,000
Professional Liability Coverage protects your company against claims that a professional service you provided caused your client to suffer financial harm due to mistakes on your part (errors) or because you failed to perform some service (omissions).
Optional Professional Liability Deductible
$1,000
Amount of money that the insured must pay before ACT Insurance will pay a professional liability claim.
Optional Cyber Liability Limit (per occurrence)
$100,000
First-party coverage can pay for expenses that directly result from the cyber security breach, such as the cost of restoring or replacing your data. Third-party coverage can pay for expenses that arise as a result of insurance claims against your company
Optional Cyber Liability Limit Aggregate Limit
$100,000
First-party coverage can pay for expenses that directly result from the cyber security breach, such as the cost of restoring or replacing your data. Third-party coverage can pay for expenses that arise as a result of insurance claims against your company
Optional Cyber Liability Deductible
$1,000
Amount of money that the insured must pay before ACT Insurance will pay a claim.
Medical Expense Limit
$5,000
$0 – $50,000 in Annual Sales
$279
$50,000 – $100,000 in Annual Sales
$375
Optional Professional Liability
$125
Optional Tools, Supplies, & Inventory Coverage (Inland Marine)
$54
Also known as Inland Marine Insurance, this covers tangible property that is moveable or transportable in nature (e.g. tools, supplies, or inventory), but excludes coverage for structures and items part of a structure.
Optional Cyber Liability
$99
First-party coverage can pay for expenses that directly result from the cyber security breach, such as the cost of restoring or replacing your data. Third-party coverage can pay for expenses that arise as a result of insurance claims against your company
Raise Inland Marine Limits to $10,000/$50,000
$185
**Please note these are brief definitions of coverage and your policy may be more restrictive in its language. It is essential that you refer to the actual policy for a complete description of coverages and exclusions. If you would like to see a sample policy, please contact us.
We do not currently offer coverage for cannabis events.
Starting at $49/Event Or $279/Year
Inland Marine is a unique type of coverage for your business’s items such as inventory, equipment, and office contents. Many insurance companies offer BPP (business personal property) but the coverage is restricted to your own premise or within 1,000 feet of your premise. Inland Marine on the other hand covers your personal property anywhere it is within the coverage territory. This is a crucial distinction for many businesses. It is important to note that neither of these covers a building or real property.
Does your business:
Unlike general liability, which covers claims for numerous losses, as long as it is not excluded, Inland Marine, like most property policies, is a “named peril” coverage. Named peril coverage only pays for claims caused by specific causes that are listed in the policy. Additionally, those perils must be the direct reason for the loss.
A direct cause of loss is the immediate action that caused loss or damage. An indirect cause of loss is a loss that occurs secondarily. To understand this better here are some examples of direct and indirect losses.
Direct Loss Examples:
We have gathered some helpful tips on keeping your business on track and avoiding loss in the event of severe weather.
You may see Inland Marine Coverage phrased a little differently on insurance policies. Some other common terms used are:
