Ames Business Insurance

(And why you need an independent insurance agent)

Written by Candace Jenkins
Written by Candace Jenkins

Candace Jenkins is a licensed insurance advisor with over a decade of experience. She is also a writer and loves to write on all things insurance. Candace writes for on a continuous basis and is here with the facts about all your insurance inquiries.

Ames Iowa business insurance

Best known for Iowa State University, Ames is a college town with leading innovation. Home to agriculture, engineering, and veterinary medicine, Ames is quite diverse.

When you own a business in this 66,498 resident city, your commercial coverage is essential. Connect with a local independent insurance agent on to get the protection you need.

Commercial Property Insurance in Ames, IA

Your commercial property needs adequate protection from all the damage that could occur during your ownership. When a natural disaster, theft, or fire strikes, you want to be prepared. In Ames, IA, the most common weather-related claims are the following:

Commercial property insurance will pay for the replacement or repair of the structure itself and any belongings. Some property policies may only provide actual cash value up to 80%. It's important to discuss coverage options with your agent to know how your policy will respond. 

General Liability Insurance in Ames, IA

To operate a business in Ames, IA, you will likely need to provide proof of insurance at some point. Whether a lender, landlord, or client requires coverage, it's good to have. A general liability policy or GL will provide coverage for the following incidents:

1.) A bodily injury accident

2.) A slanderous comment or social media post

3.) Property damage to another party

4.) Advertising injury

The majority of GL limits start at $1,000,000 per occurrence/ $2,000,000 aggregate. The amount of coverage your policy needs will depend on your assets and risk exposure. Connect with your Ames independent agent to discuss coverage options.

Business Interruption Insurance in Ames, IA

Whether it's a national emergency, fire, or another liability claim, your business could need to close its doors. When this occurs, you'll want proper coverage to help pay for regular business expenses. A business interruption policy will ensure that you can reopen when the time is right. Take a look at what business interruption insurance covers:

  • Rent 
  • Mortgage 
  • Utilities
  • Insurance
  • Payroll

Ames, Iowa, has a number of natural disasters that can attribute to a business interruption loss. There have been 62 federally declared natural disasters in Iowa since 1953. That's almost one catastrophe per year that could put your business at risk. Contact your independent agent and see what limits of business interruption insurance your company needs.


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Why Your Ames, IA, Company Needs Workers' Compensation Insurance

Iowa mandates workers' compensation insurance if you have just one employee or more. Coverage limits will start at $100,000 per occurrence for bodily injury/ $100,000 per occurrence for bodily injury by disease/ $500,000 policy limit for bodily injury by disease. It will help pay for employees who get injured or ill on the job for expenses like:

  • Lost wages
  • Medical costs
  • Disability insurance

Coverage for your employees can show your staff that you care while protecting your business at the same time. Discuss workers' compensation insurance with your Ames agent. 

Employee Benefits and Your Ames, IA, Business

What makes your business stand out to potential new hires is the value you bring. By offering a benefits package, you can show your employees that you mean business. Let's look at the annual health insurance premiums for an employee:

  • Average annual health premiums for family employee coverage in 2019: $20,576
  • Average annual health premiums for single employee coverage in 2019: $7,188

77% of private employers contribute all or some to their employee's healthcare costs. To stay competitive in today's marketplace, you'll need to have employee benefits to satisfy current and future staff members. Benefits packages can include health insurance costs, life, or disability insurance. Connect with your local agent to put together an employee benefits package that will wow the competition.

Cyber Protection for Your Ames, IA, Company

Your company could be liable for any stolen or lost personal data. Whether it's customers' or employees' information at risk, a lawsuit could occur without proper coverage. 

Identity theft and data breaches:

  • Number of US data breaches in 2019: 1,473
  • Identity thefts reported in IA in 2019: 1,910

With as little as clicking on a link inside an email, your company's data could be stolen in seconds. A cyber liability policy will protect your business from a lawsuit resulting from damage from a cyberattack. Connect with your independent insurance agent to talk about cyber liability. 

Find an Ames, IA, Independent Agent Today

The proper coverage for your Ames business is right around the corner. A local independent insurance agent can help you find the policy that your company needs. 

They have several options on coverage and price so that you can stay within your budget. Connect on with an independent agent and get started on coverage today.

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