Houston is home to thousands of businesses of all sizes, representing hundreds of different industries and professions, including retail shops, attorneys, farms, contractors, restaurants, oil and gas, and health professions. As these businesses vary, so do their commercial insurance needs. However, in order to have the best kind of commercial insurance protection, many businesses benefit from having industry-tailored commercial insurance with endorsements and specialized policies that protect the value of specific assets. Many basic commercial insurance policies only cover some of the assets and property utilized by a business, and any losses or damages could be devastating for the future of the business. In today's blog post, we'll highlight three lesser-known commercial insurance policies Houston businesses should consider when insuring their business and its assets.

Equipment Breakdown Insurance

A large number of Houston businesses rely on expensive tools, customized production machinery and safety equipment in order to provide services or create goods and inventory for customers. However, the total value of these tools and equipment can far exceed the coverage amounts found in most basic commercial insurance policies, or they can be expensive to quickly replace. When equipment breaks down due to power surges, operator errors, motor burnouts, or malfunctions, Equipment Breakdown Insurance can help cover the cost of repairs, replacement, losses due to business interruption, and replacing spoiled materials or inventory.

Commercial Crime Insurance

Unfortunately, Houston businesses can become the targets of criminals or cyber attacks, costing substantial losses for the business. However, not all losses can be protected with basic business or commercial property policies. Thankfully, Commercial Crime Insurance can help provide financial assistance from losses caused by employee embezzlement, burglary or robbery, computer fraud, forgeries, and the theft of cash, securities, and other financial assets. This added form of commercial insurance protection helps that businesses can quickly recover when criminals strike.

Business Income Coverage

When disaster strikes a business, it can be a struggle to reopen a business and make repairs, but also to pay bills, rent, and employees. With Business Income Coverage, companies recovering from a temporary closure or relocation can still pay continuing expenses and make payroll to reduce further losses and retain valuable employees. In addition, Business Income Coverage can also help pay for relocation expenses and fees if the business is forced to temporarily relocate due to repairs or damages.

Aegis is a leading provider of business insurance solutions for Houston businesses of all sizes and within all industries. Whether you own a restaurant, farm, law firm, retail shop, or are a service contractor, Aegis can create a tailored commercial insurance package that meets your business's unique needs. Aegis offers a full range of Commercial Insurance policies, including Business Owners Policy, Commercial Property Insurance, Commercial Auto, General Liability, Workers Compensation, and much more. Call Aegis today at 713-850-7622 for more information, or go online for a free quote today!