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What It Means to Be a CIC - The Certified Insurance Counselor (CIC) designation is a distinction that represents a commitment to professional excellence and leadership within the insurance industry. The 28,000+ designated CICs across the country are recognized as among the best and most knowledgeable insurance practitioners in the nation. The formal training required to become a CIC includes 100 classroom hours and the successful completion of five comprehensive exams, with an annual update required to ensure that CICs maintain their edge as the most capable and current insurance practitioners in the industry.
We've Made Shopping For Any Kind Of Medical Practice / Healthcare Provider Insurance
Fast, Easy, and Available Online
Medical Provider / Healthcare Center - Businessowners Insurance Program Highlights
Unlike other business owners, you have patients, not customers. You are dedicated to delivering medical care with a personalized approach. We have selected leading insurance companies that will protect the "business" side of your practice with the same high quality care. We are experienced in offering coverage for Malpractice / Professional Liability Coverage , Business Owners Packages (Property & Comprehensive General Liability Coverage ) , Workers' Compensation Insurance , Business Auto , Employment Practice Liability , Crime - (Employee Theft / Employee Dishonesty / Embezzlement Coverage), and Group (Health/Life/Dental/Vision/Disability Income) plans. We will provide you with a quote from the company best suited to meet your unique insurance needs.
Medical Provider / Healthcare Center Business Owner's Insurance is designed to meet the diverse and growing needs of healthcare firms. This business owner's property and general liability policy is available to you at competitive rates and includes coverage for:
The Business Owner's Insurance offers coverage for such critical needs as business income protection following a property loss:
Medical Mal-Practice / Professional Liability Insurance
Employment Practices Liability Insurance
Commercial Umbrella Liability
General Liability / Crime Insurance
Employee Benefit Programs
Commercial Auto Insurance
HERE ARE JUST A FEW OF THE MEDICAL CARE PROFESSIONALS WE OFFER INSURANCE COVERAGE TO
Including But Not Limited To The Following :
Ambulance services, including air transport
Ambulatory Healthcare Facilities
Assisted Living Facilities
Cancer treatment Centers
Community Health Centers
Durable Medical Equipment Sales/Rental
Mental Health Facilities
Pharmacies / Pharmacist
Outpatient Treatment Centers
Dentist / Dental Clinic
Student Health Centers
Substance Abuse Counseling
Skilled Medical Care
Urgent Care Clinic
Visiting Nurses Associations
Coverage Enhancements and Highlights We Can Provide Include
Defense cost in addition to policy limits
Employee Benefits Liability
Extended Reporting Period (tail coverage)
Full Abuse and Molestation Limits
Hired & Non-Owned Auto
Limits up to $25M
Low Minimum Premiums
Occurrence GL Form Available
Occurrence PL On Select Classes
Property Coverages Available
Prior Acts Coverage
Separate Policy Limits For Professional Liability
Sexual Abuse Coverage
Third Party Theft Coverage For Home Healthcare Risks
Individual Professional Liability Insurance Coverage
"Protects your interests first and foremost"
Are you counting solely on your employer's malpractice coverage?
employer-provided insurance include license protection?
Assuming you're fully covered could be costly. Find out the facts before you need the coverage. If you don't get clear, straightforward answers to these all-important questions, it's time you had your own individual policy.
Do I have enough coverage?
Am I covered when I am off-duty?
Is my coverage shared with
Medical Provider / Healthcare Center - Businessowners Insurance Policy
Insurance Service Office (ISO) SAMPLE Policy Forms
Note: These Are Sample Policy Forms That Represent Insurance Industry Standardized Commercial Lines Policies.
Coverage proposals presented to you by our Agency may differ; as each insurer represented may offer modified coverage by endorsement or have filed it's own unique policy forms with the Texas Department Of Insurance. Please carefully read any carrier prepared proposal presented to you and where necessary request a copy of each insurance company policy form presented; so that you may compare any differences in coverage offered.
Businessowners Policy Form - ISO - BP 00 02 12 89 - Special Form (click to view / read / print ) - package policy that combines property / general liability insurance coverages for commercial buildings / contents / loss of income with several other kinds of coverage into a single multi-peril multi-risk insurance policy .
Businessowners Insurance Policies help businesses pay to repair or replace buildings, associated structures, and contents damaged by fire, storms, theft, and other events outlined in the policy.
This publication provides general information about the kinds of commercial property coverage that are available in Texas. It can help you evaluate different commercial property policies, understand how rates are determined, and ask the right questions when shopping for insurance. You should review your policy carefully to understand your specific coverage.
Business owners who either own or lease their buildings may purchase commercial property insurance. It’s important for a tenant business to understand that the building owner’s insurance policy will generally only cover the building or structure, not the contents of the building belonging to the tenant. Tenants should purchase their own policies to insure their on-premises property, such as machinery, furniture, and merchandise. An insurance company will evaluate factors such as a structure’s location and construction materials to determine the likelihood of a property loss. The cost of tenant coverage will generally be significantly less than for owned property coverage because the policy will only apply to the leaseholder’s on-premises property and not the building.
Typically, businesses operating on multiple premises are covered by a single policy. In certain instances, such as when two business locations serve different functions and have different risk profiles, separate policies may be needed. This may be the case when a business insures both an office location and a factory, for example.
A commercial property policy may pay based on either the “actual cash value” or “replacement value” of a loss. An actual cash value policy will pay only the amount of the property’s worth at the time of the loss Worth is determined by the value of the property minus depreciation due to age and normal wear and tear. A replacement value policy will pay to purchase new property of like kind and quality after a loss. In general, a replacement value policy better ensures that a business can fully recover after a significant loss. Replacement value policies are typically more expensive than actual cash value coverage because the policy limits should reflect the cost to replace damaged property with new property.
Almost all policies have a “deductible,” which is an amount the business must pay out of pocket toward the cost of a claim before the insurance company will pay. Generally, the higher a policy’s deductible, the lower its premium will be because the policyholder is accepting a greater share of the cost of any eventual claims. Most policies will also include a “policy limit,” which is a maximum amount the insurer will pay toward any covered loss.
Insurers use a process called “underwriting” to evaluate the likelihood that a given policyholder will file a claim for a loss. The greater the likelihood, the higher the premium will be. If an insurer determines that a business poses too great a risk of a loss, it may decline to issue a policy entirely. If your business is declined for coverage, keep shopping; companies have their own criteria for determining whether to issue coverage and the rate to charge. If one company turns you down or is too expensive, another may be willing to issue coverage or offer a lower premium. There may also be certain steps your business can take to lower its risk and either qualify for coverage or get a lower rate.
Different types of commercial property policies protect against different risks, or “perils.” It’s important to understand which types of losses a policy does and does not cover. A commercial property policy will almost never cover any loss that is either not specifically included in the policy language or is specifically excluded. Therefore, be sure you read a policy carefully before you purchase it. You may need to buy certain specialized policies, such as flood, windstorm, or crime coverage to be protected from those particular losses.
Commercial property insurance is not standardized in Texas. Insurance companies must comply with minimum requirements but have a great deal of flexibility to develop their own policies. As a result, the coverage provided by one insurer’s policy may differ substantially from that of another. When shopping for commercial property insurance, be sure to evaluate the costs and coverages of the policies you’re considering.
Common Commercial Property Coverages
Commercial property policies in Texas generally fall into one of three categories:
Many business owners buy additional coverages. Some are available as separate policies, and others are available as endorsements, or “riders,” that enhance or amend a policy’s base coverage. Generally, adding endorsements to a policy will increase your premium. Ask your agent about these additional coverages:
Coverage against Crime
There are several types of policies that can protect a business from losses resulting from crime. Policies may be issued on a “loss sustained” or “discovery” basis. Loss sustained coverage pays for losses that occur during the policy period, while discovery coverage pays for losses that occur at any time. Both types require that losses be discovered during the policy period or extended reporting period. Common crime coverages include:
Commercial Multi-Peril Policies
Commercial multi-peril (CMP) policies combine one or more coverage forms, such as commercial property, general liability, inland marine, crime, or commercial auto, in a single policy. A business owner could add other types of coverage to ensure full protection within the convenience of a single policy.
Business owner programs (BOPS) are a common form of commercial multi-peril policy. BOP policies are tailored to the needs of small-business owners and combine property and liability coverage in one policy.
Some companies may include flood coverage in their commercial property policies for areas with a low flood risk. However, most flood insurance in the United States is administered by the National Flood Insurance Program (NFIP).
To qualify for NFIP coverage, a business must be located within an NFIP-participating community. These communities have adopted federal building and floodplain management programs aimed at reducing the likelihood of future flood damage. “Special Flood Hazard Areas” are high-risk areas within NFIP communities that are a more likely flood risk. The NFIP requires all structures within these areas to have flood insurance. Because 25 percent of all floods occur in areas designated as low-to-moderate risk, even businesses outside hazard areas could benefit from flood policies.
Flood insurance is purchased through designated private insurance agents.. To get a quick quote click here call 1-800-361-8734.
Insurance companies usually exclude windstorm protection from commercial property policies for businesses located in one of Texas’ 14 coastal counties or within certain areas of Harris County. Property owners in these areas will have to buy windstorm coverage through the Texas Windstorm Insurance Association (TWIA).
TWIA is a “pool” of all property and casualty insurance companies authorized to write coverage in Texas. The insurers share the claims risk for structures located in areas with a high risk of windstorms. Buildings in these areas constructed, repaired, or remodeled prior to January 1, 1988, are automatically eligible for TWIA coverage. Those constructed, repaired, or remodeled after that date are required to pass a state inspection and receive a Certificate of Compliance, Form WPI-8, before windstorm and hail insurance coverage can be issued through TWIA.
If a business notifies its local Windstorm Inspection Field Office before beginning construction or repairs, a TDI inspector may be able to perform the inspection free of charge. The inspection will be scheduled for sometime during the course of the work. If the business requests a windstorm inspection after construction or repair work has started, the inspection must be performed, for a fee, by a Texas-licensed professional engineer approved by the Commissioner of Insurance. A list of professional engineers approved to do windstorm inspections is available on the TDI website and is also available at local TDI Windstorm Inspection Field Offices.
How Commercial Property Rates are Determined
Fire risk is typically the primary factor that determines a policy’s premium. Accordingly, a business with neat, orderly grounds and good fire protection will likely have a lower premium than a business with debris piled next to buildings and little or no fire protection. The type of business also is an important factor. For example, an explosives factory would almost certainly be deemed a higher fire risk than a travel agency.
Fire risk is assessed according to a formula to determine the structure’s “fire rating.” The complex formula weighs many factors to determine the fire rating, which largely determines the property’s premium rate.
The fire rating is determined through a physical inspection of the property by a state-licensed fire inspector. Fire inspectors are typically contracted by insurance companies to perform inspections as part of the underwriting process. Inspectors are required to use a standard rating system to determine fire ratings. The five criteria used are:
To learn the fire ratings of the individual structures on your business’ premises, ask your insurance agent. Your agent can access a statewide database of the ratings for all commercial properties. If you disagree with the rating assessed for any building your business owns or leases, first try to work with your agent, insurance company, and the inspector. If you are still dissatisfied, contact TDI’s Inspections and Fire Safety Office, the state’s final arbiter of disputed commercial property ratings
Shopping for Commercial Property Insurance
One of the most effective ways to save on commercial property insurance is to begin shopping for coverage before you build, purchase, or lease a business property. Shopping in advance can help you understand exactly how a building’s characteristics will impact your premium.
Purchasing a commercial multi-peril policy can be another way to save. CMP policies combine multiple coverage forms into a single policy, typically for a lower premium than purchasing the coverage forms individually.
The following additional tips can also help you save money or avoid other pitfalls when buying a commercial property policy:
Help us prevent insurance fraud. To report suspected fraud, call our toll-free Fraud Hot Line
To report suspected arson or suspicious activity involving fires, call the State Fire Marshal’s 24-hour Arson Hot Line