Business Insurance Options in Minnesota
Business owners are expected to obtain the best insurance policies for the goals and plans of the company. Appropriate insurance for a business in Little Falls, Minnesota, can vary based on the specific industry and services that the company provides. By using an independent agency like Hanneken Insurance, you can find a plan that is appropriate for your business. Before selecting a commercial policy, it is important to recognize the options.
Property insurance protects tangible and intangible property such as buildings, equipment, inventory, and loss of use of property due to a loss.
Liability insurance protects your legal responsibility for losses for which your company is responsible. These losses include such things as a slip and fall on your property or a product you create that injures someone.
Business auto insurance provides coverage for a land motor vehicle such as a car, truck, or trailer which could cause or incur damage.
Workers' Compensation insurance is employer-purchased coverage to pay for medical expenses, lost wages, and/or death benefits for employees who suffer a work-related injury or illness.
Mobile equipment insurance covers land vehicles or machinery, such as those used in construction or industry, not licensed or designed for road use. Fork lifts and bulldozers are both examples of mobile equipment.
Business Umbrella coverage is designed to protect a business by increasing the primary limits of liability coverage. This “umbrella” generally extends coverage over automobiles, general liability, and employer’s liability.