Here are a few customizable features available in the Business Condo Association Policy provided by Freedom Brokers in Illinois:

Building Coverage: This covers the building and any attached structures, including fixtures, flooring, cabinets, and any common buildings your Business Condo Association may have.

Backup of Sewer and Drain: Covers unintentional direct physical loss to company personal property at your location brought on by a covered backup.

Comprehensive General Liability: Protects against legal liability for personal injury, property damage, bodily injury, and advertising injury to others.

Directors and Officers Liability: Safeguards your association board members against claims of wrongful acts while performing their duties.

Ordinance and Law: Covers the additional expenses incurred for rebuilding or repairing damaged buildings due to local laws or regulations being enforced.

Loss of Income and Extra Expense: Covers up to 12 months of lost income if business operations are suspended due to an accidental direct physical loss covered by the policy, including necessary extra expenses incurred during restoration.

Replacement Cost Claim Settlement: In accordance with your policy's terms and conditions, claim payments are determined by the cost of replacing your damaged property.

Ensure your business condo association in Illinois is comprehensively protected with a tailored insurance policy from Freedom Brokers. Contact us today to learn more about how we can customize a policy to meet your needs.