Apple Valley Business Insurance

Apple Valley, MN, was once a great farming community turned suburb. This town is known for its apple trees planted with every new home built. Apple Valley has over 52,435 residents, making it a mid-sized city.

If you're one of the 520,110 small business owners in Minnesota, you'll want protection. Fortunately, an independent insurance agent can help find a policy that fits your needs. Go to TrustedChoice.com to get matched with a local adviser fast. 

Is Your Apple Valley, Minnesota, Commercial Property Insured Correctly?

Did you know that most commercial property policies will may you pay for the first 20% of a loss? This can be a massive out-of-pocket expense if you're unprepared. An independent agent can review your coverage to make sure you have what you need. Take a look at the most common property risks that should be covered by your business insurance:

1. Flooding and water damage
2. Severe storms and lightning damage
3. Tornadoes
4. Wildfires and residential fires
5. Burglary and other property claims

Flood insurance: One item your commercial property insurance won't cover is flood damage. When you have a water loss due to flooding, you'll need a separate flood insurance policy. If you're without this coverage now, call an Apple Valley independent agent fast. 

Is Your Liability Insurance Enough in Apple Valley, MN?

There were $8,438,256,000 in commercial claims paid in Minnesota in 2019 alone. To have adequate protection against catastrophe, you'll need the right limits. An independent agent can review your coverage to make sure it's sufficient. In the meantime, check out some of the most common liability policies:

General liability or GL insurance: While a GL policy is a great starting point, it's likely not the only coverage you need. GL insurance protects your business from a lawsuit arising out of a bodily injury or property damage claim. Connect with an independent agent to discuss your limits. 

Cyber liability insurance: When a cyberattack occurs, your business could be out thousands of dollars in damage. If client or employee data gets stolen, restitution needs to be paid. A cyber liability policy will help cover the expense. Connect with a local adviser for quotes. 

Business interruption insurance: Business interruption insurance pays for your regular expenses when a claim puts you out of business. In order to avoid permanently shutting your doors, this coverage can last up to two years. Speak with an Apple Valley independent agent to add this to your policy.

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Is Workers' Compensation Required in Apple Valley, MN?

If you're trying to DIY your workers' compensation insurance, you could be missing coverage. Since this policy is state-mandated in MN, you're required to carry it with one employee or more. When you're not up to date on local laws, you could have inadequate limits. 

An independent agent can help make sure your current with state guidelines. You'll want to stay compliant so you're not fined. Connect with an independent agent to get started.

How to Retain Talent in Apple Valley, MN, with Employee Benefits

There are 1,300,000 people in Minnesota employed by small businesses each year. If you're looking to retain current staff, you'll want to offer employee benefits. This will allow your company to contribute to health insurance costs and more. 

Your team is the lifeblood of your business. To make sure they stick around, help them pay for their largest expense. An independent agent can come up with a creative package option for your employees. 

How to Work with an Apple Valley Independent Insurance Agent

If you want the best coverage and price in town, an Apple Valley independent insurance agent can help. They have access to several markets, saving you time and premium dollars. 

The best part about working with an independent agent is they don't cost your business a dime. When you're looking to lower expenses, use one of the local experts to review. TrustedChoice.com has a find-an-agent resource that can connect you in minutes.