As a business owner, you know how important it is to protect your assets. But what if you own more than one business? Can you cover all of them with a single commercial insurance policy? The answer is yes! In this blog post, Hanneken Insurance Agency Inc. explores ways to use a commercial insurance policy to protect multiple businesses in Little Falls, MN. 

What Does a Commercial Insurance Policy Cover? 

A commercial insurance policy typically covers property damage, liability claims, and other losses related to your business operations. It also provides coverage for employee injuries and illnesses and legal expenses in case you are sued. Some policies may even protect against cyber-attacks and data breaches. Make sure to read through your policy carefully to understand exactly what is covered and what isn’t.  

How Much Does It Cost to Protect Multiple Businesses? 

The cost of protecting multiple businesses with a single commercial insurance policy depends on the type of coverage you choose and the size of your business. Generally speaking, larger companies will pay higher premiums than smaller ones because they tend to face greater risks due to their increased presence in the market. However, certain discounts are available for companies that purchase multiple policies at once or bundle their policies together for further savings.  

Whether you own one business or many, having adequate commercial insurance coverage is essential for protecting yourself from potential losses due to property damage, liability claims, cyber-attacks, and other risks associated with running a business in Little Falls, MN. To get started on finding the right coverage for your needs at an affordable price, contact Hanneken Insurance Agency Inc. today.

In the Little Falls, MN area, you will want the proper insurance to protect your assets and provide other forms of protection. Life insurance is a critical form of insurance everyone here will need. When looking for this coverage, you will find different options. Two of the most common are term and whole life insurance.

Term Coverage

A popular form of life insurance for many people here is term life insurance. When you have a term life plan, it offers you life insurance for a defined period. This term and policy limit can be customized based on your needs. An added benefit of this coverage is that it tends to have more affordable premiums, so you can afford to pay for more coverage than you would with other types of insurance.

Permanent Life Coverage

A permanent or whole life insurance plan is another excellent option. With this type of insurance, you can have coverage for as long as you want, as there is no set end to the policy. Further, it is an excellent addition to your investment plan. Each month, a portion of your payment will go into an investment account that can grow at a conservative rate of return. However, monthly premiums tend to be more expensive.

It is vital that people in the Little Falls, MN area spend the time they need to assess all of their insurance options carefully. When you want to start looking at your coverage options, calling Hanneken Insurance Agency Inc. is a good idea. There are many choices to make when evaluating options, and Hanneken Insurance Agency Inc. can give any guidance necessary to build your next plan. 

If you make your living by farming, make sure it is protected. Farm insurance provides liability protection for bodily injury, medical expenses, and property damage like home insurance. The Hanneken Insurance Agency Inc. provides the insurance needs of those in and around Little Falls, MN.

Farm insurance is a hybrid form of coverage for commercial and personal protection. Farm insurance covers personal property related directly to the farming operation. The three categories of coverage are:

• Farm equipment and machinery
• Livestock
• Farming products such as seed, silage, fertilizers, pesticides, and animal feed

In addition to the liability protection it offers, it will pay legal fees if you are sued for any injury or damage that is farm related. This is important if you have people employed to work on your farm.

The difference between homeowners insurance and farm insurance is that farm insurance is designed to provide wider coverage for outbuildings, such as barns, equipment, and vehicles used for farm operations.

Like a standard homeowners policy, farm insurance will cover your home and possessions and provide personal liability coverage. But it also provides coverage for livestock and machinery but does not provide coverage for your crops.

Farm insurance is a highly customized policy. You start with basic coverage, then add additional options based on your business and home needs. Because each farm is unique, it is not unusual for an agent to visit the farm to ensure the property is adequately covered.

To ensure your livelihood is protected from loss, contact Hanneken Insurance Agency Inc. insurance professionals to meet with one of their experts. Don’t allow your means of income to be put at risk. You will be glad you did.

Do you think you are too young for health insurance?

You feel you have always been healthy, so there is no need for protection? This is incorrect thinking. If you live in or around Little Falls, MN, the Hanneken Insurance Agency Inc. can explain why health insurance is important.

Accidents or illnesses can occur to anyone at any time or age. Traffic accidents often involve young people. Sports injuries that can cripple a young man for life also happen. Don’t let an illness, injury, or accident dictate your financial future.

Did you know the cost of a broken leg can be as high as $20,000? Major surgery can destroy the finances of a family without health insurance. Why not allow the expenses of a catastrophic event to be shared by a health insurance provider?

Health insurance protects you from paying high out-of-pocket costs if an illness, injury, or accident befalls you. An ambulance and hospital bills on top of that can quickly add up to thousands of dollars. Four out of ten Americans cannot cover an unexpected $1000 medical bill. Therefore, it becomes a huge, almost insurmountable burden without the help you can receive from health insurance.

Here are some additional reasons why health insurance is necessary.

• Our changing lifestyles have made us more prone to various health conditions. Commuting, unhealthy diets, hectic work schedules, poor food quality, and rising pollution put us at risk of developing health problems.
• Coverage for pre- and post-hospitalization expenses are covered. The outpatient expenses, such as diagnostic testing, have also risen. No need to pay these costs out of pocket. Let health insurance handle the payment.
• Preventive care is probably the best reason to purchase health insurance. Most companies will provide a yearly exam at little or no cost to the patient. This care prevents or catches an illness by early detection.

Don’t be caught without health insurance! It’s good for the entire family. Let Hanneken Insurance Agency Inc. provide a quote to get you started. Contact us today.

You need to invest in commercial insurance to protect your company from unforeseen expenses. Hanneken Insurance Agency Inc. is an insurance provider offering coverage in Little Falls, MN.

There are a few steps that you should go through when you are choosing a commercial insurance plan. The following are three steps to choosing the best commercial insurance solution for your company. 

Consider what types of commercial coverage your company needs

There are numerous types of commercial coverage available. You need to evaluate the needs and risks that your company faces. 

Types of commercial insurance include commercial liability, property, and auto coverage. Other types include product liability and workers’ compensation. Depending on your company’s industry, structure, and size, you may need one or several of these insurance types. 

Consult a few providers of commercial insurance for quotes

Getting quotes from commercial insurance providers is essential in finding insurance coverage for your company. Identify insurance providers offering commercial coverage in your area and provide them with your company details and insurance needs. 

You can then compare policies’ costs and consider which is best for your company’s budget and coverage needs. 

Choose a policy and remember to update your policy annually

You’ll need to choose a policy after evaluating your options and purchasing that policy. After choosing a policy, you’re not finished with commercial insurance considerations.

You’ll want to reevaluate your coverage annually to update your coverage according to changes at your company. 

We’re here to offer our expertise when you have questions about commercial insurance in Little Falls, MN. Send us your questions and inquiries at Hanneken Insurance Agency Inc. We’ll be happy to provide you with info on our commercial insurance offerings. 

Why do you need life insurance? It’s one of those things that’s easy to put off until later. But the truth is, life insurance is one of the most important investments you can make. Not only does it give you and your family peace of mind, but it also provides financial security in the event of your death.

Life insurance is critical if you have young children or dependents. If something were to happen to you, life insurance would ensure specific financial needs are met even after you pass.

When to Update Your Coverage

But life insurance is not a one-time purchase. As your life changes, so too should your life insurance policy. That’s why it’s essential to review and update your coverage regularly. Here are a few key life events that should prompt you to reevaluate your life insurance needs:

• Getting married
• Having a baby
• Buying a home
• Getting divorced
• Starting a business
• Changing jobs
• Your children leaving home
• Retirement
• New health conditions

If any of these events have happened in your life recently, now is the time to update your life insurance policy. Contact us today for a free quote! Hanneken Insurance Agency Inc.’s team works with you to find the right coverage for your needs and budget. We can explain the options and how your life changes influence your policy.

Choose Hanneken Insurance Agency Inc. for Life Insurance

Don’t wait to update your life insurance policy. A life change can happen anytime, and your life insurance policy should reflect that change when it does. Hanneken Insurance Agency Inc. specializes in finding the right coverage for families in Little Falls, MN.