Are you a business owner? Do you have the proper insurance coverage to protect your livelihood? Modern Risk Management helps business owners in and around the Houston, TX area protect their businesses with commercial insurance.
Why Commercial Insurance?
Businesses need this coverage because it helps cover the expenses associated with liability claims. It protects business assets, property, and income, and provides a financial safety cushion. In the event something unfortunate happens to your business, you could be faced with property damages, demands for medical compensation, business interruption, lawsuits, or all of these things.
Commercial insurance coverage protects your business property against damages or loss caused by specified perils as outlined in your policy, such as fire, windstorms, explosions, and theft.
It is important to note that a general liability insurance policy will not help a business with commercial auto accidents caused by you or your employees while driving for work. A commercial auto insurance policy is required to cover the cost of damages.
Without commercial insurance coverage, business owners are required to pay for legal claims and costly damages against their company out of pocket.
Commercial or business insurance is usually a contract for one year that agrees to handle the business liabilities for a set amount of money determined at the beginning of the policy term. This amount is set by the amount of property you own or the liabilities you are exposed to.
Oftentimes, the terms “commercial insurance” and “business insurance” are confused. They are actually the same thing, and the terms can be used interchangeably.
Commercial insurance or business insurance saves you time, money, and stress. Your business is protected from damage, and it provides benefits for your employees.
Get The Right Coverage Today
If you are a business owner in Houston TX, contact Modern Risk Management to obtain a quote or answer any questions you may have. You will be glad you did.