An introduction to commercial insurance

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Businesses in Houston, TX can significantly reduce their business risk by carrying the appropriate insurance. Choosing the right coverage types takes careful consideration though. Heydari Financial Group can help you learn the ropes and determine the proper coverage options.

Ask yourself a few basic questions.

  • What kind of business do you maintain?
  • Where is the business located?
  • Do you run a sole proprietorship, hire contractors, or hire employees?

Your answers to these questions provide a starting point. For instance, if you run a sole proprietorship, you’re not legally required to carry worker’s compensation insurance. Living in the Houston, TX area means flood insurance may also be a smart choice for your business.

The following types of commercial insurance may fit your business’ needs:

  • Commercial property insurance
  • Business income insurance
  • Commercial crime insurance
  • Equipment breakdown insurance
  • Inland and ocean marine insurance
  • Commercial general liability insurance
  • Commercial auto insurance
  • Workers compensation and employers liability insurance
  • Business owners and farm insurance
  • Business interruption insurance
  • Group health, life or death insurance

Business interruption insurance provides coverage when an unforeseen event halts business. Commercial auto protects your commercial vehicle. Property insurance covers your building and its contents, including inventory, from theft or damage. Commercial liability insurance protects your business against lawsuits. Workers’ compensation insurance assists your employees if they incur an on-the-job injury. Group health, life, disability, or death insurance provides coverage to employees who opt for it and often provides reduced rate premiums to each employee.

Commercial insurance refers to a variety of policy types. Consider it more of a category of insurance that the agents at Heydari Financial Group will help you get to know and understand. Although it may seem overwhelming to read all the major types listed, most businesses only need a few policies. Reach out to our offices by phone or stop by for a visit to receive a quote and learn more about how to start a commercial insurance policy.

Why Liability Insurance Is Important for Your Home Insurance Plan

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Houston, TX area residents who already have homeowners insurance plans may wonder whether or not they need liability insurance. For many people, liability insurance seems like a needless coverage option. However, it may be quite necessary for you and your family to prevent financial disaster. Let’s look at what liability insurance is and how it can help you.

What Is Liability Insurance?

Liability insurance refers to insurance coverage that protects your finances if you are sued by someone who is seriously injured on your property or someone who has their property damaged by you or something you inadvertently caused.

For example, if someone visiting your home was to slip and fall on your sidewalk because there was ice there, they may be able to sue you for negligence if they were seriously injured as a result. This lawsuit would claim that you should have cleaned up the ice on your sidewalk so that a slip and subsequent injury did not occur. If the plaintiff in this case (the person who slipped) wins the case, you could lose thousands of dollars that you would have to pay them in compensation for their injuries, pain, and suffering.

Contact Heydari Financial Group Today

If you are a Houston, TX area resident, Heydari Financial Group can help you get liability coverage for your homeowner’s insurance plan. As you can see, liability insurance can prevent you from having to pay thousands of dollars in compensation to people who sue you for things that are not your fault. To learn more about your options concerning liability coverage for your homeowner’s insurance policy, visit our nearest location or give us a call today. One of our agents would be happy to sit down and speak with you.

How Can You Protect a Car From a Break In?

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We at Heydari Financial Group, serving Houston, TX, recommend taking certain steps to protect your car from a break in. Here are a few ways that you can do that. 

Close Your Windows

When it is hot outside, you may crack the windows on your car or leave your sunroof open a tiny bit. This may help to keep your car cooler. However, it also allows thieves easier access to your car. Close all of the windows to your car when you exit the vehicle. 

Park in Lit Areas

A thief wants to go undetected and remain under the radar. As such, they are less likely to break into a car that is in a well-lit area than they are into one that is in a darker area. It becomes easier for the thief to work in areas where it is hard to identify them should they be caught in the act.

Don’t Keep Valuables in the Car

The last tip to prevent your car from a break in is to remove all valuables from your car. If you are shopping and have bags, place them in a trunk. If a thief can see items, they are more likely to break into your car. However, if your car looks empty, there may be no incentive to break in and steal. 

If you are in the market for new auto insurance or are looking for quotes, be sure to visit Heydari Financial Group, serving the Woodlands and Houston, TX. Our agents can help answer your questions and guide you through the auto insurance process.

Is your startup ready for commercial insurance?

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If you’re wondering whether it’s time to call Heydari Financial Group to help get your Houston, TX startup coverage, the short answer is: The sooner you get covered, the better. But, not all startups need insurance just yet.

There one main question to consider:

Can You Afford To Take On The Insurance Risks Yourself?

At the very start of a business venture, it’s all DIY and self-financed. Even if you’re going to be working with investors, you have to draw up the slideshow to pitch your idea, and you have to pay your phone bill while you make the calls. It’s all you, and you’re eating the costs while trying to keep it cheap because you have some faith in the idea and think it’s worth shopping around.

Maybe you’ve spent a hundred dollars on thrift store clothes and ten on gas to start a vintage fashion boutique. In any event, the business is in its infancy, and you’re covering your risks.

Suppose you start outfitting your home office. You’ve got a 3D printer and the fastest laptop you’ve ever owned in your life and a beautiful, luxurious leather chair. If any of this is destroyed in a fire, can you afford to replace it yourself? Do you have employees? Do clients visit you at your home office? If so, then you may need to look into general commercial liability.

From damages to liability, choosing when to call Heydari Financial Group in Houston, TX is a balancing act between what you own and what you can afford to cover. Many of your risks are already covered by home and liability insurance at the early stages, but you’ll want to take stock now and speak with one of our agents to make sure your business is protected. 

New Home Insurance Policy: What Does an Insurance Adjuster Inspect?

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Congratulations! You are either shopping for a new home in the Houston, TX area or are looking for information on home insurance. Before your mortgage will finalize, you’ll need a new home insurance policy from Heydari Financial Group. The agent will likely have an adjuster visit the house before they agree to sell you the policy. What will they be looking for?

Is the Home Secure?

The adjuster will verify that all the locks on the entry doors and windows are in good working order. They might check that fences have a good latch and that the garage door is able to fully close. They may require that you or the seller fix any missing locks. You want your possessions protected against theft.

Is the Exterior in Good Shape?

They will take pictures of the home and document the age of the roofing material, check the chimney for wear, and test the siding. If the home has missing clapboards or has peeling paint, it is possible that the insurer will want those maintenance issues addressed as soon as possible. It may turn out that the peeling paint contains lead and will require abatement.

Are there any Health Hazards?

Inside the home, the technician will check the basement and attic for signs of mold, water damage, or pests. A lingering damp spot may indicate a problem with the roof structure. Mouse droppings could tell you that there is an infestation. 

These steps are taken to ensure that you are buying a property in good repair that does not pose an immediate hazard to your family or the neighborhood. Once the inspection is complete by Heydari Financial Group, you should be able to move forward with the purchase of your Houston, TX home.

Contact our agents at Heydari Financial Group for quotes on your insurance needs. We can also help you make the decisions that will guide you to the perfect plan.

Will Auto Insurance Cover Hit And Runs?

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As you shop for auto insurance in the Woodlands, Sugar Land, or even Houston, TX, it’s important to look to see if you are covered against the various scenarios such as hit and runs. With the help of the agents at Heydari Financial Group, we will see to it that you have the coverage you need.

Basic Auto Insurance

Basic auto insurance is what the state requires. When you live in Houston, TX or the surrounding areas, you have to adhere to Texas standards for bodily injury and property damage liability. Once you have met the minimum levels, you can choose to go above and beyond in your auto insurance coverage.

It’s a good idea to add comprehensive and collision coverage so that you are protected against other scenarios. Otherwise, you could end up getting into an accident and have to spend money out-of-pocket because you don’t have the necessary coverage on your policy.

Uninsured Motorist Coverage

Hit and runs occur when a person fails to stop after causing damage. If the person “runs,” you have no way of finding out who they are insured with to file a claim. However, if you have uninsured motorist coverage on your policy, you are automatically covered against hit and run. It makes the assumption that the person had no insurance and therefore it allows you to get the repairs done to your vehicle without having a significant amount of money spent out of pocket.

If you come out of a store and find out your car was hit or if you get rear-ended and the person continues speeding down the road, these all count as hit and runs. You should have the necessary coverage to be financially protected against such things.

Contact us at Heydari Financial Group today to learn more about getting auto insurance that provides you with the sufficient coverage you need on the roads. Also, try our online rating tool for quotes on auto and home insurance.

 

Are There Specific Commercial Insurance Points For Livestock?

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When you are in the market to purchase commercial insurance, Heydari Financial Group in Houston, TX is a great contender for your business as well as your respect. Commercial insurance products are complex and cannot be purchased without serious consideration.   

Livestock is a commodity well known to the Houston, TX area. This is a complex line of commercial insurance which includes many aspects of coverage.

There is a specific point of coverage that protects owners of livestock against falling market prices in the state of Texas and in many other states where animal farming is prevalent, Livestock Risk Protection Insurance. The USDA, United States Department of Agriculture, offers a risk management assessment tool for owners of livestock to calculate how much protection is needed.  

Livestock Insurance is Detailed

The policies are actually divided into types of livestock for the producers of animal products since the nuances of different animals and how they feed, how they are contained, and basically how they are handled in every aspect on the farm varied widely. As a result of these vast differences, the commercial insurance lines must also vary widely in order to protect the producer in a comprehensive manner.

Livestock Gross Margin Insurance is an insurance coverage which protects against loss of gross margins associated with the animals ( the market value is deducted from the cost of feeding the animal). Each kind of product has its own insurance category including Livestock Gross Margin Dairy and Livestock Gross Margin Swine Insurance. 

Heydari Financial Group, serving the Houston, TX and the surrounding areas, have agents who are well-versed in commercial insurance underwriting. Give them a call today or stop by the office to find out how they can help with all of your commercial insurance needs. 

Maintaining Your Roof: Damage Signs You Shouldn’t Ignore

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Roof repair and maintenance is one of the many responsibilities of home ownership. Even new roofs can become damaged due to weather conditions and branches, so just because your roof has been replaced recently, it is still important to regularly check for damage. Heydari Financial Group in Houston, TX understands the damage that an unmaintained roof can cost a homeowner. To make sure your roof is leak and damage free look for the major signs of roof damage below that should never be ignored.

Loose, Missing, or Damaged Shingles

It is a good practice to check the shingles on your roof regularly. Shingles can become broken and warped from storms or variations in temperatures. Any damaged shingles should be replaced immediately by a proper roofing specialist to prevent water from coming into the home.

Higher Than Normal Utility Bills

If the weather is relatively normal for the season, but you notice your heat or air conditioning bill is abnormally high, it may be a sign that there is a problem with your roof. Your roof is meant to insulate your home from the weather changes, if your utility bills are high, it could indicate that the insulation in your roof is poor.

Sagging in the Roof

Any bowing or bulging areas on the ceiling of your home should be investigated immediately. This usually means that there is a considerable amount of water built up in your ceiling that has snuck through cracks or loose shingles in your roof.  

Leaking in the Home

Even a small leak from the ceiling in your home can be a signal that there is water leaking into your roof. Ignoring these problems for too long can lead to a significant amount of water damage as well as encourage the growth of mold and mildew in the home.

If you want more information on how to protect your roof or need a quote on a home insurance policy, contact one of the experienced agents at Heydari Financial Group in Houston, TX today.