Allegro Insurance agency

Suspended business insurance

Allegro Insurance agency has has partnered with carriers to protect your business with Suspended business insurance.

Many small businesses have had to temporarily close due to COVID-19 ordinance requirements. General Liability and Incidental Property insurance policies might not provide coverage for otherwise covered losses during a temporary close. RT Specialty can facilitate a short-term, economical solution for businesses in this situation.

Coverages available:
• GL and Incidental Property
• GL coverage will be offered with an Ongoing Operations exclusion CG2153 (productscompleted ops, PI/AI, med pay coverage not excluded) • 90 day policy term
• GL flat charges range from $300 to $500 based on risk type ($1/2MIL limits); property MP is $100
• Premium is 100% earned

• Business is temporarily closed due to local, state or federal ordinance requirements around COVID-19 pandemic
• Business must have had continuous insurance coverage for the past 3 years (or for the # of years in business if less than 3). Exceptions for small lapses may be made, but is subject to underwriter approval.
• Targeted business will have average annual receipts ≤ 500k per year prior to temporary shutdown

• Bars, taverns, nightclubs, apartments, hotels, motels, janitorial, temporary or semipermanent sites & facilities designed to test, diagnose or evaluate for communicable diseases. (We consider bars/taverns to be establishments with >= 35% or more of gross receipts come from liquor sales when operational)
• Businesses that are still conducting operations at a reduced capacity (i.e. a restaurant or deli that offers carry-out or delivery)
• Businesses that have permanently closed or those whom have no intention of reopening after 90 days
• Vacant buildings (meaning all business personal property & stock has been removed)
• Project specific construction risks
• Monoline property

Call us for quotes and coverage options.

Allegro Insurance agency

Joe Allegro
1481 Oak Tre Rd.
Iselin, NJ 08830
201-988-5534 Cell