Business Owners

Running a business is hard enough without feeling like you need to be an insurance expert too. Don’t worry, Iowa Mutual and your Iowa Mutual agent are here to help with the best coverage options and plans on the market today. You should discuss your needs in detail with your Iowa Mutual agent first. After all, it’s our business to protect your business.

In the meantime we’ve included some useful information on the Premier Business Owners policy and the Premier Restaurant, only available from Iowa Mutual and your Iowa Mutual agent. You’ll find that we have a number of smart coverage plans available to protect your business.

• 100-foot Limitation
• Accounts Receivable--$5,000
• Business Income and Civil Authority Waiting Period—72 hours
• Employee Dishonesty--$5,000
• Exterior Glass
• Fire Department Service Charge--$2,500
• Fire Extinguisher Recharge--$1,000
• Forgery and Alteration--$2,500
• Interior Glass

• Money and Securities--$5,000 inside; $2,000 outside
• Money Orders and Counterfeit Currency--$1,000
• Newly Acquired or Constructed Buildings--$1,000 for 60 days
• Off-Premises Power Failure – Direct Damage--$2,500
• Outdoor Property--$5,000 total; or $500 for any one tree, plant or shrub
• Outdoor Signs--$5,000
• Personal Effects and Property of Others--$2,500 each premises
• Personal Property at Newly Acquired Locations--$100,000 for 60 days
• Personal Property Off-Premises--$5,000

• Primary Coverage on Personal Property of Others
• Spoilage--$5,000 (Premier Restaurant only)
• Vacancy Definition—70 percent unused
• Valuable Papers--$5,000
• Water Backup--$2,500 (Premier BOP); $5,000 (Premier Restaurant BOP)

• 100-foot Limitation—extended to 1,000 feet
• Accounts Receivable—included in new $100,000 Blanket Limit Section (per occurrence)
• Business Income and Civil Authority Waiting Period—72 hours
• Business Income from Dependent Properties—Included in new $100,000 Blanket Limit Section
• Computers—Included in new $100,000 Blanket Limit Section (per occurrence)
• Debris Removal Additional Limit—Included in new $100,000 Blanket Limit Section (per occurrence)
• Employee Dishonesty--$10,000
• Exterior Glass
• Fire Department Service Charge--$10,000
• Fire Extinguisher Recharge--$5,000
• Forgery and Alteration--$5,000
• Installation Floater--$1,000
• Interior Glass

• Inventory and Appraisal--$2,000
• Lock Replacement--$1,000
• Money and Securities--$10,000 inside; $5,000 outside
• Money Orders and Counterfeit Currency--$2,000
• Newly Acquired or Constructed Buildings--$500,000 for 90 days
• Off-Premises Power Failure – Direct Damage—Included in new $100,000 Blanket Limit Section (per occurrence)
• Off-Premises Power Failure – Time Element—Included in new $100,000 Blanket Limit Section (per occurrence)
• Outdoor Property--$5,000 total; or $500 for any one tree, plant or shrub
• Ordinance or Law-- Included in new $100,000 Blanket Limit Section (per occurrence)
• Outdoor Signs

• Personal Effects and Property of Others--$2,500 each premises
• Personal Property at Newly Acquired Locations--$250,000 for 90 days
• Personal Property Off-Premises--$10,000
• Primary Coverage on Personal Property of Others
• Reward Coverage--$5,000
• Spoilage--$5,000
• Vacancy Definition—70 percent unused
• Valuable Papers--Included in new $100,000 Blanket Limit Section (per occurrence)
• Water Backup--$10,000

• General Liability
• Umbrella
• Crime
• Workers’ Compensation
• Automobile

Your business may qualify for Iowa American in Property, Liability, Auto, Garage Repair Shops, and Workers’ Compensation.

Employment law can be a confusing topic, and there have been many changes over the years. That's why Iowa Mutual includes Employment-Related Practices Liability Insurance (EPLI) coverage with our Business Owners policy. And, we're here to help with answers to many of your employment practices questions.

Included with Iowa Mutual’s EPLI policies is 24/7 access to our online EPLI HELPLINE Support and Resource Center. Your username is your Iowa Mutual commercial policy number (AxxxxxxxMN, CCxxxxxxMN or CPxxxxxxMN).

 

As a businessowner, you know the value of hiring the right people with the right skills to help make your business successful. Although you can't really know if that candidate for your newest job opening is the one, you can help reduce the risk of hiring someone with a criminal record by performing a criminal background check.

Fast, easy, affordable background checks
As an Iowa Mutual policyholder, you can help reduce your exposure to some of the uncertainty that comes with the hiring process. Iowa Mutual Insurance has teamed up with IntelliCorp Records Inc. to provide customers with pre-employment background checks at a reduced cost.

A leading national provider of background checks, IntelliCorp has packaged some of its most popular products at a reduced rate, which include:

• Nationwide Criminal Search
• 50-State Sex Offender Registry
• Social Security Address Check
• Terrorist Search – Identifies people and organizations involved in terrorism and international narcotics.
• Assists in meeting OFAC requirements.
• One Single-County Check – Criminal records held at a county-seat level that generally include felony and/or misdemeanor records. Useful when a more comprehensive and/or current database search is necessary.

 

It's easy to get started. Simply visit IntelliCorp's Web site and follow the registration instructions. To receive your reduced-cost pre-employment background check, enter promo code MIGIM when prompted.

 

You have a lot to deal with just in the day-to-day operations of your business, and you might not have the time or resources to stay up to date with new federal regulations designed to protect your customers from identity theft.

The new stipulations are part of the Fair and Accurate Credit Transactions Act of 2003, and require businesses offering any kind of "covered account" or payment account to create their own identity theft "Red Flag" plan—or warning signs that indicate possible identity theft.

We're presenting informational resources to you in the form of a planning guide and frequently asked questions that can help you create your unique Red Flag plan.

 

The regulation defines a covered account as:

• An account primarily for personal, family or household purposes that involves or is designed to permit multiple payments or transactions, or;
• Any other account for which there is a reasonably foreseeable risk to customers or the safety and soundness of the financial institution or creditor from identity theft.

 

Because your business’ needs are unique, your plan will need to be tailored to your operation. You should consult legal counsel or your business association about specific issues of your plan.

 

 

No coverage is provided by this website. This website only illustrates coverages offered under Iowa Mutual’s Premier Business Owners policy. It is not a statement of all policy coverages, provisions, conditions or changes. Certain deductibles, provisions and limits may apply. Please see your Iowa Mutual agent for a complete listing of policy coverages and provisions. If there is a conflict between this website and the policy, the policy provisions shall prevail.