FAIR Plans aren't only for homes. In several states, they also provide basic coverage for commercial buildings that can't get insurance in the regular market.
Which of our states offer commercial coverage
- Ohio: the Ohio FAIR Plan offers commercial fire coverage.
- Iowa: the Iowa FAIR Plan has a commercial property program.
- Washington: the Washington FAIR Plan covers commercial buildings.
- North Carolina: the FAIR Plan and the coastal Beach Plan provide property coverage of last resort.
- Texas: the Texas FAIR Plan is for residential property. On the coast, TWIA provides windstorm and hail coverage for commercial property.
Own a storefront, mixed-use or rental building that's hard to insure? Let's talk.
Call (888) 928-9324What it usually covers — and what it may not
Commercial FAIR Plan coverage is basic and focused on the building and named causes of loss, such as fire. It often doesn't include everything a full business policy would, such as liability or lost business income. Ask exactly what's included.
Filling the gaps
- General liability insurance for injuries and property damage claims
- Business personal property coverage for equipment and inventory, if not included
- Flood insurance, which FAIR Plans don't cover
Why commercial buildings get declined
Common reasons include the building's age, vacancy, past claims, location or the type of business inside. Fixing what you can — and documenting it — can help you return to the standard market later.