Personal and Commercial Texas Auto Insurance Specialist
HENDERSON INSURANCE AGENCY
Basic form policies covers common perils (causes) and is the cheapest commercial property available.
Broad form policies covers common perils in addition to water damage and damage to the building structure.
Special form policies covers all perils except those excluded in the business policy.
Commercial Multi-Peril Policy (CMP) - is a number of multiple Texas commercial insurance property policies combined into one insurance policy.
Business Owner Policy (BOP) - A common CMP that combines property and liability under one policy. This policy is very popular with small and medium sized businesses.
Although most business policies combines several polices into one convenient Texas commercial insurance property policy, the business owner has the option of purchasing additional coverage (endorsement) as it applies to the needs of their business. Some coverage are automatically included in your Texas commercial insurance property policy. If increase coverage is desired, this can be accomplished with an endorsement.
Some Texas commercial insurance property coverages are:
Personal Property Coverage for Employees- Insures the personal property of the employees that is at the business location.
Business Interruption Coverage – pays for income lost due to perils that stop or impede normal business operations.
Valuable Papers Coverage- pays for the loss or damage to valuable business documents and files.
Building Occupied by the Insured Coverage- pays for damages to a building not owned by the business owner. Most commonly used for rentals and leased property.
Extra expense coverage- pays additional cost expedite a business income recovery in order to resume business operations. This is a common Texas commercial insurance property coverage component of a Business Owner Policy.
Because Texas Windstorm Insurance is generally not included in a typical Texas commercial insurance property CMP or BOP if your business is located in one of the 14 coastal counties including certain areas of Harris County, Texas commercial insurance property coverage must be obtained through Texas Windstorm Insurance Association (TWIA).
A Texas Insurance company may include flood insurance in a Texas commercial insurance property policy if the property is not located in an area considered a high risk for flooding.
The flood insurance can be purchased through the National Flood Insurance Program
In addition to your Texas commercial insurance needs, contact us today for assistance with the purchase of Texas Flood Insurance Texas Windstorm and Hail Insurance.
