Most would agree that businesses can vary greatly in scope, size, and type. As a result, it can be not easy to know what forms of coverage might be best for a business owner. Fortunately, commercial insurance is designed to meet the unique needs of any business. This is why the types of coverage and coverage levels vary from one business to the next. Our Portland, OR team at H & R Insurance Group LLC knows that understanding commercial insurance can be daunting. This is why we take pride in having a team dedicated to meeting all our business owners’ unique needs.
What is commercial insurance?
Commercial insurance, also known as business insurance, simply protects against financial losses in the form of liability coverage, injuries, crime, property damage, and even events that interrupt the running of a business. There are also forms of coverage unique to specific business needs that a business owner can invest in. For example, if your business uses vehicles, commercial auto insurance can also be included in a commercial insurance policy.
I have a small online business. Do I need commercial insurance?
Protecting your business in some form or fashion is always a good idea. Commercial insurance is that layer of protection that can keep your business healthy and running. Even as a small online business owner, some situations and circumstances can affect your business adversely. If you sell items, you could be sued by a customer. However, other situations affect online businesses. Consider data breaches and any number of other scenarios that could negatively impact your business. Essentially, if you can be sued, you should carry commercial insurance. Commercial insurance is bundled insurance in that it provides many forms of coverage under one policy. It can be designed to meet the unique needs of your particular business. If you are interested in protecting your business, call us. We’d be happy to help you explore your options.
