Lakeville Business Insurance

Your Complete Guide to Lakeville, MN, Business Insurance

How to get connected with an independent agent

Lakeville Minnesota business insurance

Lakeville, MN, was once home to settlers making their way between military forts. This historic town boasts of five lakes and is a true summer delight. With 63,748 residents, your operation will have a lot of opportunities to thrive.

When you're one of the 520,110 small business owners in the state, coverage is necessary. An independent insurance agent can access the most competitive rates in town. Connect with a local expert to begin.

How to Attract Talent in Lakeville, MN, with Employee Benefits

To stay competitive in today's market, you'll need to offer value. With 1,300,000 people in Minnesota employed by small businesses each year, employee benefits can help. This coverage will contribute to your staff's health insurance and more.

Your employees keep your company afloat. When you help take care of their most considerable expense, they'll stick around. Connect with a Lakeville independent agent to begin.

Do You Have the Right Liability Coverage in Lakeville, MN?

When you don't have the right liability coverage, your business is at risk. There were $8,438,256,000 in commercial claims paid in Minnesota in 2019 alone. To insure against every catastrophe, seek a professional. In the meantime, check out some of the most common liability policies and coverages:

Cyber liability insurance: A cyber liability policy will protect your business when a lawsuit arises because of stolen data. If sensitive information is hacked on your watch, your company is responsible. Connect with an independent agent to get this policy in place. 

Business interruption insurance: Business interruption insurance pays for your regular expenses when a claim shuts you down. Coverage can last up to two years, saving you from going out of business. Connect with a Lakeville independent agent to discuss further.  

Commercial general liability or CGL insurance: CGL insurance will protect your business from lawsuits due to a slip and fall or a product recall. The best way to make sure your limits are adequate is to review with an adviser. Speak with a local independent agent on your policy.

Does Lakeville, MN Require Workers' Compensation Insurance?

Workers' compensation insurance is one policy you don't want to DIY. Because it's state regulated, you'll need the correct mandated limits to be within the law. Fortunately, an independent agent can help. 

They know the ins and outs of workers' compensation insurance and can offer guidance. Since this coverage is required with one employee or more in MN, you'll want to get started. To best protect your business and employees, connect with an independent agent.

Does Your Lakeville, MN, Commercial Property Have Enough Insurance?

Commercial property coverage can carry a coinsurance clause that makes you responsible for the first 20% of a claim. Your property insurance can cost you a lot if you're not appropriately insured. Review your coverages with an independent agent. Take a peek at the most common property risks that should be covered by your business insurance:

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

Flood Insurance: Most business owners don't know that their property policy won't cover flood damage. When you're standing in an inch of water, it's too late. Contact a Lakeville independent agent for FEMA-approved quotes. 

Why You Need a Lakeville, MN, Independent Insurance Agent

Over local experts on TrustedChoice.com can help with your commercial policies at no cost to you. In addition to being easy on the bottom line, they do the shopping on your behalf. An independent insurance agent has access to several carriers, giving you options on coverage and price. 

When you have a trusted adviser in your corner, it makes doing business a whole lot smoother. To connect with a professional, use the find-an-agent resource, and get matched today.

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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