Philadelphia Indemnity Insurance Company has filed a new Businessowners Program in Texas that combines ISO-based and proprietary forms, rates, and rules, with a requested effective date of September 1, 2026. The filing also introduces optional cyber, employment practices liability (EPL), miscellaneous professional liability (MPL), and equipment breakdown coverages developed in partnership with reinsurers Hartford Steam Boiler and Travelers.
The filing is rate-neutral and does not impact any existing policyholders, as it represents an initial program filing rather than a revision to an existing Texas businessowners product.
Among the optional coverages is a Cyber Suite product that provides first-party and third-party protection for risks such as data compromise, cyber extortion, computer fraud, network security liability, and electronic media liability, with limits ranging from $25,000 to $1 million. Certain classes, including financial institutions, hospitals, cannabis businesses, telecommunications firms, and IT outsourcing companies, are ineligible.
The program also offers Employment Practices Liability coverage for businesses with up to 500 employees and Miscellaneous Professional Liability coverage for a broad range of professions, including consultants, recruiters, property managers, travel agents, fitness centers, and event planners.
Philadelphia’s businessowners package includes several proprietary endorsements, such as PHLY PAC enhancement packages for retail, service, restaurant, and contractor risks, along with mandatory exclusions for PFAS, asbestos, lead, silica, abuse and molestation, and cyber liability exposures. Additional exclusions may apply based on the insured’s operations, including roofing, tobacco-related products, inhalation devices, tanning devices, and residential construction defects.
The filing establishes minimum annual premiums ranging from $350 for office risks to $750 for restaurant risks and incorporates rating factors tied to risk scores, building age, and years in business. Businesses operating for more than 30 years receive a 12.5% credit, while newly formed businesses receive a surcharge.
Philadelphia already markets a Businessowners Policy (BOP) in more than 30 states (AR, AZ, DE, IA, ID, IL, IN, KY, MA, ME, MI, MN, MO, MS, MT, ND, NE, NH, NM, NV, OH, OR, PA, RI, SD, TN, UT, VT, WI, WV, WY) and targets small businesses across seven categories: contractors, habitational properties, lessors risk, offices, restaurants, retail and service businesses, and wholesalers. According to the company’s website, the program includes more than 150 eligible business classifications and is designed to serve a broad range of small and home-based businesses.