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Commercial Insurance Plan of Texas   

                      ( C.I.P.T. )

        “The best plan that fits your business “

Products & Services

We provide products to over 1,450 business classes. Among them:Multifamily ,Office ,  Industrial  , Retail  , Shopping Center,   Agricultural ,  Hotel & Motel, Senior Housing ,  Health Care,   Sport & Entertainment ,  Special Purpose , Night  Clubs, Restaurants,    ,Mechanic Shops etc.

              We have established relationships with top-tier insurance companies that provide extensive coverage and great claims service. Each company has received high financial strength ratings from A.M. Best Co. Our commercial property and liability insurance  

 

              All Kinds of Comm.Policies :          

    • Business Owners Policy
    • Commercial Package Policy
    • Workers' Compensation
    • Commercial Automobile Insurance
    • Umbrella Liability
    • General Liability
    • Property Insurance
    • Business Personal Property Policy
    • Crime Insurance
    • Builder's Risk Policy
    • Professional Liability
    • Directors' and Officers' Liability
    • Employment Practices Liability
    • Fiduciary Liability
    • Motor Truck Cargo
    • Commercial Truck GL/Auto
    • Liquor Liability
    • Special Events Liability
    • Farm Package
    • Flood Insurance
    • Foreign General Liability and Travel
    • Group Accident Medical
    • Surety Bonds
    • Railroad Protective Liability
    • Contractors Pollution Liability
    • Underground Storage Tank Liability
    • Personal Lines - Homeowners, Auto, Umbrella
      •

yee dishonesThe Four Most Common Commercial Policies :

Business Owners Policy

Many small business owners buy a type of insurance coverage called a Business Owner's Policy. This is a package policy that covers major property and liability exposures as well as a loss of income if your business cannot operate for a period of time.

For example, if your accounting firm's roof is damaged during a thunderstorm, causing your office to flood and your business to close for two months, a BOP would provide coverage in several ways.

The policy would cover the cost of repairing the roof, cleaning up water damage and repairing or replacing your furniture, computers and supplies. A BOP also would cover your payroll and taxes for the two months the business was closed. And if one of your clients was in your office during the storm and was injured by falling debris, a BOP would cover your customer's medical bills.

Buying a BOP can be a good deal for a business owner. The policies often provide more complete coverage at a lower price than separate policies would for each kind of coverage.

What's Covered?

A BOP covers major property exposures, liability exposures and business interruption.

Property coverage generally includes owned or leased buildings; the contents of buildings, such as furniture, supplies, fixtures, machinery, equipment, inventory and building improvements; glass and signs; and some property off of the premises.

  Property insurance can be bought based on the property's actual cash value (its replacement cost minus depreciation), its current replacement cost or another agreed-upon amount, such as an appraisal.

Liability insurance covers your business if it is sued for something the business did or failed to do that caused injury or property damage to someone else. Liability insurance covers damages and settlements stemming from a lawsuit, up to the policy limits. Many liability policies also cover attorneys' fees and other costs associated with defending against a lawsuit.

Business interruption coverage can pay for your business' fixed costs, such as rent, payroll and taxes, if your enterprise suffers a property loss that causes it to close or slow down for a period of time while repairs are made.

What Isn't Covered?

Usually a BOP doesn't cover damage due to earthquakes or floods; workers' compensation; group health, life or disability insurance; insurance for company-owned vehicles; and specialized liability risks such as professional liability, director's and officers, employment practices and malpractice.


 


b) General Liability

CIPT has assembled products from many of the nation's leading insurers for you to choose from. With our unique technology, we can match the business risk profile with insurance companies that specialize in that industry and want that type of business. We'll help you get the right coverage from the right insurer.

Commercial General Liability (GL) coverage can be either a stand-alone “monoline” policy or combined with other coverages to form a Business Owners Policy (BOP) or a Commercial Package Policy. The basic areas covered by a General Liability policy are premises liability, Products and Completed Operations Liability, Personal and Advertising Injury, Fire Legal Liability and Medical Expenses.

What's Covered?

A GL policy covers occurrences of bodily injury and property damages that the insured is legally obligated to pay. Liability insurance covers the business if it is sued for something the business did or failed to do that caused injury or property damage to someone else. Liability insurance covers damages and settlements stemming from a lawsuit, up to the policy limits. General Liability policies also cover attorneys' fees and other costs associated with defending against a lawsuit.

GL policies generally cover the insured's ownership or use of the premises, operations, contractual agreements, products made, sold or distributed, completed operations, personal and advertising injury and medical payments. Medical Payments cover reasonable medical expenses, regardless of fault, for bodily injury.

What Isn't Covered?

Workers' Compensation is not included in a GL policy. Liability resulting from manufacturing, selling, distributing or serving liquor is excluded. The GL policy covers Host Liquor Liability for insureds who are not in the business of manufacturing, selling, distributing or serving liquor. Other common exclusions on GL policies include pollution, aircraft, automobiles, watercraft and product recall.

c) Professional Liability ( E&O ) Insurance.
 
         All kinds of professional liability is covered under this policy. Doctors and Medical Practitioners, Lawyers, CPAs, Agents, Investment Advisers, etc.  Up to 250 different types of profession.
 
 

Call Agent George Tesfa

832-607-1113 Cell.

713-785-5363 Office