Depending on your coverage, Minnesota business insurance will pay for property damage, liability claims, car accidents, and even worker injuries and illnesses. If your business is damaged by fire, severe weather, theft, vandalism—or even a lawsuit—your business insurance stands between you and financial ruin.
Here’s what a standard business insurance policy should do:
Pay For Damage To Your Building
- Example: A tree falls on your office building.
Pay For Damage To Your Business Property
- Example: A fire destroys all your computers.
Pay For Damage To Someone Else’s Property
- Example: A contractor does a poor job of installing a cabinet, resulting in its falling and breaking homeowner's kitchenware.
Pay For Someone Else’s Medical Bills
- Example: A customer slips and falls on your recently mopped floor and breaks an arm.
Pay For Accidents in Company Vehicles
- Example: Your salesperson rear-ends someone while driving to an appointment.
Pay For Employee Injuries & Compensation
- Example: An employee falls off a ladder at work and can’t work for two weeks.
Every business is unique and needs a customized commercial insurance plan. Your coverage needs depend on the type of business you do, whether you own business property, whether you have employees, and the other risks that might be inherent in your industry. Your commercial insurance coverage must protect against your unique risk exposures.
An independent insurance agent in your area can help you find the right Minnesota business insurance for your needs.