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Austin is home to a number of businesses that need the best commercial insurance possible to offer maximum protection and recovery power in the event they are struck by a peril. While basic and broad form commercial insurance will protect any Austin business from standard perils, both the unique nature of Austin’s economy, eclectic mix of industry and society, and geographic positioning within the state often subject companies to uncommon perils that are not normally covered by basic or even broad form policies.
It is for this reason Texas Auto Home Insurance recommends that all Austin commercial entities invest in special form coverage that will give them every possible legal and ethical point of coverage for an investment that offers far greater returns than the alternatives if a claim ever needs to be filed.
Special form commercial insurance is so named because it allows the insurance agent to anticipate uncommon perils that can cause certain types of Austin businesses uniquely devastating losses. In a sense, a special form policy is a custom policy uniquely itemized to a specific industry and business, although we use the term “custom” in a general sense because insurance law and regulation allow for freedom within clearly defined boundaries that all carriers and agents must abide by for the benefit of all.
In terms of what special form commercial insurance can offer specific types of Austin companies, a number of examples of how specific perils can severely slow down, or even worse, shut down, certain types of industries. A few examples follow, along with corresponding examples of how special form commercial insurance can anticipate and protect against the commonly unexpected.
Manufacturing Companies
All manufacturing companies have to insure their equipment against damage from fire, collision, and water damage. However, many of these insurance policies will not protect against liability claims filed by workers who might be injured by a piece of faulty equipment. Either a separate or more extensive policy has to be purchase to address this contingency.
With special form commercial insurance, an Austin manufacturer can protect both equipment and personnel against unusual incidents resulting from damage or harm, all covered under a single, clearly stated policy.
Wholesalers and Retailers
Many of these entities own their own warehousing facilities and require more than basic insurance to cover inventory and typical structural damages caused by inclement weather. Certain perils such as sprinkler links, glass breakage, or partial roof collapse can create a mess for claims adjusters to sort out in terms of itemizing what damages were cause by which perils that may or may not be included in a basic or broad form policy.
A special form policy solves this problem by itemizing both the nature of the facility and the details of its contents, then specifying both likely and unlikely perils that need to be covered to give an Austin wholesaler the maximum and most affordable protection possible.
This results in faster recovery time and more seamless processing of claim in the event that building and product damage do somehow occur simultaneously.
Office Supply Stores
As Austin’s economy continues to grow, business-oriented retail chains spring up all over the city to meet the rising demand for stationary, printer paper, and other vital office supplies.
Most of these products are highly sensitive to not only fire and water damage, but also second-hand smoke damage that can enter the building from a nearby fire in the neighborhood.
To make certain that their products are protected against such a loss, these Austin stores should strongly consider a special form commercial insurance policy that can protect against the many VARIATIONS of fire and water damage that could destroy their entire stock in a matter of hours, if not minutes.
Information Systems, Software Development, and Communications Companies
Since its rise to prominence as the “Silicon Valley of Texas” in the mid 1990’s, Austin has seen not only the rise of Dell to market dominance, but a growing community of information service companies and communications companies carve out unique niche markets and pave new industry trends in both technology and information management.
Many of these businesses are owned and operated by pioneers who seek to generate superior results with innovative, heretofore untested methods.
In the event that any advertising related to a new, uncharted venture lands an Austin company in court facing a false advertising claim, special form commercial insurance can include advertising liability coverage against judgments that could potentially result from the proceedings.
For three decades now, Texas Auto Home has combined affordable rates with the maximum possible coverages for our commercial and residential clients. We offer services to Fort Worth, Texas; Austin, Texas; San Antonio, Texas; Dallas, and Houston, Texas and expand outward from these points into every mid-sized city and small community of our Great State.
Every quote we issue is risk free, obligation free, and completely confidential. Use our simple online form to get started right now, or call us toll free at
1-866-663-5262.
