| New Spectrum® Optional Coverages Coming in March |
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| In most states, effective March 12, we will... |
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expand our optional coverages to include the following new coverages: |
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Business Income Extension for Off-Premises Operations. Ideal for businesses that use equipment or tools off-premises like contractors, landscapers and videographers. |
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Business Income Extension for Cloud Service Interruption. With more businesses engaged in cloud computing, cloud outages could impact business income. |
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Franchise Upgrade. Helps pay additional costs a franchise owner may incur to upgrade damaged property to franchise standards following a loss covered by the policy. |
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enhance the features of the following existing optional coverages: |
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Data Breach new coverage options |
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Business Income / Extra Expense helps replace lost business income if a business needs to suspend operations because of a data breach. |
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Extortion Threats helps pay for extortion expenses and ransom payments associated with the threat of a data breach. |
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Prior Acts option helps protect a business for a data breach that occurred prior to the policy effective date. |
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Data Breach coverage enhancements |
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International provision means a data breach that occurs on personally identifiable information (PII) held outside of the United States, Canada or Puerto Rico is covered |
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Removal of $5K sub-limit for Good Faith Advertising and Legal & Forensic Services |
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Additional deductible and limits options |
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Business Income / Extra Expense added |
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Kidnap & Ransom added |
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International Business Personal Property included |
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Removing the "Named Insured Only" requirement for Additional Insured |
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These enhancements, all available by endorsement to our Spectrum® Business Owner's Policy, make it easy to deliver the protection your customers need. And they'll appreciate the convenience of one policy and one bill.
In the coming weeks, you'll receive information on states where coverage is approved. In states where approval is pending, updates will be provided as DOI approvals are received. For questions in the meantime, contact your Hartford sales representative or underwriter.
We continue to advance Spectrum so we're consistently delivering industry-leading coverage that ensures small businesses will prevail when challenged by the changing face of risk. With over 200 years of experience, more than 1MM small business customers and a claim rating of 4.8 out of 5.0 stars, why trust your small business customers to any other carrier? Sell The Hartford.
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| WHY THE HARTFORD |
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| Standing behind you with innovative products and services that address the unique and evolving needs of small business and giving you the tools you need to help protect your customers with insurance that is "just right" for them. |
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| © Copyright 2015. The Hartford Financial Services Group, Inc. All Rights Reserved. |
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