Fort Worth, TX is famous for cattle. It is also known for the many business startups in the area. Commercial insurance, or what is also called business insurance, can help protect a company when unexpected events such as natural disasters, cyberattacks, accidents, and lawsuits occur. An insurance policy can cover you if a "peril" occurs. A peril is defined as something that can cause or does cause a loss.
What Are Open Perils?
Open Perils is also known as all-risk coverage. When choosing this type of coverage, you will generally be covered for any peril except something that is specifically excluded in your policy. This is more extensive coverage than specified or named-perils coverage. Many people will choose this coverage to have coverage for as many items as possible. However, this coverage is usually more expensive.
What Are Specified Perils?
Coverage for specified perils means only those perils specifically named in the policy will be covered. Some of the named perils that you might want to consider putting in a policy include the following:
- Vandalism
- Theft
- Hail or Windstorm
- Water Damage
- Earth Movement
- Mechanical Breakdown
- Accidental Water Flow
It is important to note that some specified perils policies will only cover a single event while others may cover several specified events.
Why Choose Main Street Independent Insurance Agencies Inc.
Main Street Independent Insurance Agencies Inc., serving the Ft. Worth, TX area, can provide several options to meet your commercial insurance needs. We provide commercial insurance as well as auto, home, life, renters, classic car, and umbrella insurance. If you need commercial insurance in Ft. Worth, TX, contact Main Street Independent Insurance Agencies Inc. for more information.
