Building and Tenant Protection Plus

From the Ground Up

Building and Tenant Protection Plus was developed to provide extensive coverage and added resources to property professionals in the event of property damage losses. Protection Plus means we’re going the extra mile to offer policies that trigger services and benefits ensuring your business and your tenants are fully supported after a loss. And as a result, you can quickly pick up the pieces and return to business as usual.

 

Cover Both Your Buildings and Your Business

Response Expense
This policy helps cover expenses incurred from a data compromise, including costs for a forensic IT review to determine the extent of the compromise, costs incurred for legal review, for notification and services to the affected individuals, as well as expenses for public relations services to mitigate any impacts on business relationships.

Defense and Liability
This coverage will allow ProSight to represent you in any “data compromise suit” against you, resulting from a covered data compromise loss.

Identity Recovery
This benefit provides case management services, as well as assistance with additional expenses incurred as a direct result of the identity theft; including costs associated with credit reports, refilling applications for loans, approved attorney costs, and other covered expenses.

Crisis Management
In the event of crisis, this policy will go to work to help cover a range of expenses, from public relations costs incurred in response to the crisis, to costs related to medical or mental health treatment of those present at the time of crisis. This coverage will also cover a loss of business income sustained due to suspension of business operations following the crisis.

Building Extended Replacement Valuation
This special coverage provides additional payment in the event of a total loss of property due to a covered peril. When the replacement cost exceeds the building’s schedule limit, ProSight will pay up to 110% of the limit of insurance applicable to the damaged buildings. Payment is subject to a maximum additional limit of $1,000,000.

Business Income Waiting Period Amended
If your loss of income exceeds seven days, you won’t be subject to the typical waiting period before your business income loss coverage begins. While you’re dealing with a perilous situation, you can rest easier knowing that you’ll immediately begin to recoup your financial losses with no gap time. This coverage applies only to specified perils listed in the policy.

Communicable Disease Extra Expense
In the event that your premises become infected with either a viral or bacterial communicable disease, this benefit helps cover your expenses toward disinfecting the premises, as well as the costs to test and confirm that the property has been cleared of the disease.

Tenant Evacuation and Relocation Expense
This policy is designed by ProSight to cover costs for relocating tenants in the event of a civil authority ordering that your premises be evacuated. Whenever loss is covered by your policy and results in necessary evacuation, this bonus coverage will help with relocation costs, including packing, storage, moving, temporary rental expense, and costs to establish new utility services at the new location.

Tenant Relocation Rental Expense
Provided in combination with the Evacuation and Relocation Expense Coverage, this policy will also contribute to costs that your tenants and lawful occupants incur while renting temporary living quarters following a mandatory evacuation for reasons described above.