Des Moines, IA Business Insurance

(And how to get the best protection for a fair price)

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.

Des Moines Iowa business insurance

Des Moines, IA, is the insurance capital and home to many carriers. With a hand in politics, botanical gardens, and agriculture, this city is lively. 

If you're thinking of starting a business in the robust culture of Des Moines, you'll want commercial insurance. You can connect with an independent insurance agent on to get started.

Employee Benefits for Your Des Moines, IA, Business

Employee benefits are the backbone of any great company. If you're looking for a way to entice potential workers, offering benefits could help. The cost of health insurance is a huge expense for any employee. If you pick up some of the cost, your employees will want to stick around. Let's look at the average employee health insurance costs:

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

Every business owner has to do what they can afford. Offering employee benefits doesn't have to be burdensome and could help retain the right talent. Some creative options for your employee benefits offerings could include:

  • Health insurance - You can choose to pay for part or all of the cost.
  • Disability insurance - You can offer short- or long-term coverage.
  • Life insurance - A whole or term life policy can be an excellent tool.

Your independent agent can help you attract the right Des Moines employees with employee benefits. Get creative with options and see what your agent recommends for coverage. 

Workers' Compensation for Your Des Moines, IA, Business

Most employees are covered under the state-mandated workers' compensation insurance in the state of Iowa and the city of Des Moines. Worker's compensation provides coverage for your employees in the form of medical expenses and lost wages due to a work-related injury or illness.

Check out the minimum limits of liability for workers' compensation:

  • $100,000 per occurrence for bodily injury 
  • $100,000 per employee for bodily injury by disease
  • $500,000 policy limit for bodily injury by disease

The majority of the time, your business will need to have more protection than the minimum limits. Chat with your independent insurance agent on workers' compensation coverage for your business.

Business Interruption Insurance in Des Moines, IA

Many exposures could put your business on hold. Burglary, fire, and natural disasters could all cause your company to pump the brakes. To have proper protection, you'll want business interruption insurance. Take a look at what business interruption coverage could pay for:

  • Mortgage or rent payments
  • Employee payroll
  • Utilities
  • Scheduled maintenance

In Des Moines, you have to worry about floods, storms, and tornadoes. Each of those acts of nature could mean that your business is out of commission. Without business interruption coverage, you risk not opening back up at all. Speak with your local agent to see how much business interruption will cost you. 


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Cyber Liability Insurance for Your Des Moines Business

With the high number of data breaches and cyberattacks each year, your business is at risk. You can find coverage called cyber liability if sensitive information gets stolen. Let's look at the numbers:

  • Number of US data breaches in 2019: 1,473
  • Annual identity theft reports in Iowa: 1,910 

Cyber liability is a needed policy in today's digital world. If your company has as little as an email address, you'll need protection. The best way to avoid a cyberattack is the following:

  • Hold regular cyberattack prevention meetings with staff
  • Send out practice phishing emails so your employees know what to look for
  • Make sure you have the proper safeguards in place to protect your data and servers
  • Consult with a cyber technician 

Get in touch with your Des Moines independent agent to go over cyber liability quotes. 

Your Des Moines Commercial Property Insurance

If you own a commercial property, it needs coverage to protect against the perils. Weather, fire, and theft are a few that may come up as a property owner. Your commercial property insurance will cover things like:

  • Replacement or repair of your building up to the replacement cost
  • The replacement or repair of your business belongings

The most common property incidents reported in Iowa:

  1. Flooding and water damage
  2. Severe storms and lightning
  3. Tornadoes
  4. Severe ice storms and freezing
  5. Burglary and other property crimes

Flood damage is one risk your commercial property policy won't cover. For flooding, you'll need a separate flood insurance policy. 

Flood insurance requirements:

Your commercial property is assigned a flood zone. Some flood zones are more likely to flood than others. However, every zone needs insurance. While chances of flooding may be more in certain areas, every property could flood at some point. Contact your independent agent to have them pull an elevation certificate and find out your property's flood zone.

Liability Insurance for Your Des Moines Business

Your company's liability insurance is the backbone of your business. A customer slips and falls, a product doesn't hold up, or you're accused of slander, all could put your business into financial ruin. Liability insurance will protect your company from these and more. Limits of liability your independent agent may suggest:

  • $1,000,000 per occurrence
  • $2,000,000 aggregate

A commercial general liability policy or CGL:

A CGL policy will protect your business from a lawsuit resulting from bodily injury, slander, or advertising injury. Products and completed operations coverage is another useful liability insurance. If you sell a product or service, you're at risk for a lawsuit when something goes wrong. Speak with your Des Moines agent and get CGL for your business. 

Find a Des Moines, IA, Independent Agent

As a business owner, balancing the ups and downs of ownership may be challenging. Your insurance should be there when you need it most without gaps in coverage. 

A Des Moines independent insurance agent can quote your business policy with dozens of carriers so you can save time and money. Connect with a local independent agent on and get your company protected. 

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City of Des Moines