Loveland, CO, is home to the famous valentine remailing program. With some of the world's largest sculpture gardens, it is a sight to see. There are over 76,701 residents that call Loveland home, allowing for plenty of opportunities to grow.
If you're one of the 630,113 small business owners in Colorado, you'll want adequate coverage. An independent insurance agent can help with policy and price. You can connect with a local expert to begin your search for a comprehensive policy.
Is Your Loveland, CO, Commercial Property Protected?
Business insurance can help protect your most valuable assets if you have the right coverage. Unfortunately, a lot of commercial property policies today will offer only 80% of your building's value. That could be a massive loss. To get the right insurance, speak with an agent on the following items concerning your structure:
- Protective devices in place
- Year built and structural makeup
- Total square footage
- Operations that occupy the property
- Market value and replacement cost
- Prior property claims
Common property risks in Loveland, CO:
- Wildfires and residential fires
- Flooding and water damage
- Severe storms and lightning damage
- Heavy snow
- Burglary and other property crimes
Why you need flood insurance
Flood insurance is a separate policy that you'll need to obtain if you want flood damage coverage. Your commercial property policy will not cover a flood loss. To get FEMA-approved quotes, consult with a Loveland independent agent.
Will Your Loveland, CO, Business Need Workers' Compensation Insurance?
The state of Colorado mandates workers' compensation insurance. You are required to carry this policy when you have one or more employees. If you're without adequate coverage, you will be penalized or worse.
Workers' compensation will pay for the medical expenses and lost wages of an employee hurt while working. If you're unsure where to begin, a local adviser can help. Talk with a Loveland independent agent for quotes.
How Your Employee Benefits Can Help in Loveland, CO
There are 1,059,196 people in Colorado employed by small businesses. That means you'll need a way to attract and retain staff. Employee benefits can help. They allow your company to contribute to employee health insurance and more.
A local adviser can help you put together a package that makes sense for your team. Since every plan is different, you can get creative with your offerings. Contact a Loveland independent agent to review.
Does Your Loveland, CO, Business Have Enough Liability Coverage?
In Colorado, there were $8,800,495 in commercial claims paid in 2019 alone. If you want to ensure that you have the right liability protection for your company, review with an expert. Speak with an independent agent about the following liability insurances:
Cyber liability insurance: If your business uses email, you're at risk of a cyberattack. Cyber liability insurance will help pay for damage when sensitive data is stolen. Talk with a Loveland independent agent for details.
Business interruption insurance: Business interruption insurance will keep your business operational when a catastrophe shuts you down. Coverage lasts for 12 to 24 months, depending on your carrier. Speak with a Loveland independent agent to add this to your general liability policy.
General liability insurance: GL insurance will pay for a lawsuit arising out of bodily injury or property damage. Your limits of protection matter, so consult with a professional. An independent agent can help.
Why You Need a Loveland, CO, Independent Insurance Agent
Business insurance needs to be accurate the first time to avoid any out of pocket expense. Fortunately, an independent insurance agent can help you find coverage at an affordable rate. Since they work with several carriers, you'll have the best options.
If you're tired of DIYing your insurance, get a trusted adviser. Connect with one of the local experts on TrustedChoice.com to start saving. You can use the find-an-agent resource to get matched today.
TrustedChoice.com Article | Reviewed by Jeffrey Green
©2020, Consumer Agent Portal, LLC. All rights reserved.