Lawrence owns a reputable janitorial business that provides cleaning services to various commercial clients. One evening, Lawrence's employee, Sasha, arrived at her worksite, which is a large office building. Sasha opened the closet where the cleaning supplies and equipment were stored to discover that most of the items were missing, including an expensive industrial vacuum, floor buffer, and thousands of dollars’ worth of cleaning supplies.
Thankfully, Lawrence has a comprehensive Business Owner's Policy (BOP) insurance policy to protect the business against potential risks and liabilities.
Lawrence immediately contacted his insurance provider to report the theft. He provided all the necessary details, including the date and time of the incident, a list of the stolen equipment, and any relevant information about the break-in.
After a thorough investigation, the insurance claims adjuster confirmed that the theft of the equipment is covered under the BOP insurance policy. The policy includes coverage for property damage and theft, which will help Lawrence recover the value of the stolen equipment.
For more information, contact the Victor Small Business team at info.smallbusiness@victorinsurance.com.
* The claims scenario is strictly documented for illustrative purposes only and provides an example of what a policy could cover. It is intended to provide a general overview of the program described. Please remember only the insurance policy can give actual terms, coverage, amounts, conditions and exclusions. Program availability and coverage are subject to individual underwriting criteria.