Burnsville, MN, is known for shopping malls, dog parks, and a 310-foot ski peak. This city has a lot of commerce and industry as well. With over 61,439 locals, it's a booming place to start a company.
If you're one of the 520,110 small business owners in Minnesota, you'll want coverage. An independent insurance agent can help with policy and premium. Connect with a local adviser to begin your search today.
Do You Need Workers' Compensation in Burnsville, MN?
Workers' compensation insurance is a state-regulated policy. In order to stay compliant, you'll want a professional. Workers' compensation insurance is mandatory when you have one or more employees in MN.
It will help pay for medical expenses and lost wages when a team member gets injured on the job. To avoid fines or worse, contact a licensed adviser who knows the law. Connect with a Burnsville independent agent to review.
Your Burnsville, MN, Commercial Property May Not Have Enough Coverage
While most insureds think their commercial insurance is up to par, you may be surprised to find out your limits. Often, carriers will only cover up to 80% of the building value. This makes you responsible for the first 20%. Talk with an independent agent to review your policy for gaps in coverage. The following items will help your agent with your insurance:
- Year built and structural makeup
- Operations that occupy the property
- Prior property claims
- Market value and replacement cost
- Protective devices in place
- Total square footage
You'll want your property insurance to cover the following risk exposures in Burnsville, MN:
- Water damage
- Severe storms and lightning damage
- Wildfires and residential fires
- Burglary and other property crimes
Do You Have Flood Insurance?: Most businesses are not aware that their commercial property policy doesn't have coverage for flood damage. Usually, they find out when a claim arises, and it's too late. Connect with a Burnsville independent agent for FEMA-approved quotes.
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Burnsville, MN, Businesses and Liability Coverage
When a loss occurs, you'll want to make sure your liability insurance covers every kind of catastrophe. In Minnesota, there have been $8,438,256,000 in claims paid in 2019 alone. To avoid any out-of-pocket expense on your part, contact an independent agent to review the following:
Employee benefits coverage: There are 1,300,000 people in Minnesota employed by small businesses each year. To stay ahead of the curve, you'll need to offer value. Employee benefits will help pay for your staff's health, life, and disability insurance. Come up with a package with the help of an independent agent that allows you to retain talent.
Commercial general liability or CGL insurance: CGL insurance pays for a lawsuit arising out of property damage or bodily injury. It doesn't take much to max out your limits. In order to ensure your coverage is sufficient, talk with a professional agent.
Cyber liability insurance: Cyber liability insurance pays for any damage that happen when your business gets hacked. Stolen data and sensitive information can be your responsibility when compromised. Connect with an independent agent to get the best coverage.
Business interruption insurance: Business interruption insurance will pay for your expenses when a loss shuts you down. It can help with a claim for up to two years, giving you time. Talk with an independent agent to add to your CGL policy easily.
Why You Need a Burnsville, MN, Independent Agent
An independent insurance agent can help you find the right coverage for an affordable price. Since they have access to several carriers, you're getting the best deal in town. An agent works on your behalf at zero cost to you.
When you're searching for business insurance, an adviser knows where to look. Get connected with one of the local experts on TrustedChoice.com. Use the find-an-agent resource to get started.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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