Temporary Insurance for Suspended Businesses

One of our markets, Markel, is willing to provide an economical insurance solution for small businesses that are temporarily closed due to COVID-19 ordinance requirements. Upon expiration, we wish to renew the policy on annual terms with premises/operations coverage!

Available in Connecticut, Maine, New Hampshire, New York*, New Jersey, and Vermont


  • Coverages available: GL and incidental Property.
  • GL coverage will be offered with an Ongoing Operations exclusion CG2153 (products-completed ops, PI/AI, med
    pay coverage not excluded)
  • They are targeting new business opportunities; we have alternative solutions for existing Markel accounts
  • 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 fits current underwriting guidelines when operational
  • 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 subject to carrier underwriter approval.
  • Targeted business will have average annual receipts <= $500k per year prior to temporary shutdown.

Not Eligible:

  • Bars, taverns, nightclubs, apartments, hotels, motels, janitorial, temporary or semi-permanent sites & facilities designed to test, diagnose, or evaluate for communicable diseases. (they 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 that 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

Submission requirements:

All accounts should be submitted to us at submissions@gmunet.com and include the following information:

  • Business description
  • Latest Acord and supplemental applications
  • Copy of current policy dec page and forms schedule
  • Expected term of business suspension (if beyond July 15th 2020)
  • Loss history

*Not Available in New York City -5 burroughs

*Policy extension due to additional business suspension will require Markel UW approval

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