How commercial insurance can save a small business

The backbone of the American economy is small businesses. 99% of businesses are what is classified as small businesses, meaning less than 500 employees. Many small businesses are much smaller than that, with the average having 10 employees. The risks they face can cause them to go out of business if they don’t have a way to mitigate the dangers. Heydari Financial Group in Houston, TX offers businesses commercial insurance that helps them survive a variety of hazards. 

Commercial property insurance

Commercial property is the business version of home insurance. It protects your building if you own it, but if you are a renter, the protection it offers is still of great value. It covers your business equipment, the things you need to do business. Your machinery, office equipment, inventory, raw materials, and more. 

Commercial auto insurance

If your business owns a vehicle, it must be covered by commercial auto insurance. It is the law in Texas. If that vehicle is in an accident, it must be covered to protect others from a business-caused accident. Keeping your personal finances separate from your personal finances is always the best idea. 

Commercial liability insurance

Small businesses are particularly vulnerable to being sued. If a customer is injured when visiting your business or by a product that you produce, you could find yourself involved in legal action. If you lose the legal action, you could have to pay a large settlement and have legal expenses. With commercial liability insurance, you will be covered for both the settlement and the legal fees up to the limit of your policy. It can save your business from having to close its doors. 

When you want to discuss commercial insurance, turn to Heydari Financial Group in Houston, TX for a good selection of carriers and the information you need to choose the right coverage.