Minnetonka, MN, is home to over 50 parks and miles of green spaces. With exquisite shopping and dining, this posh town has it all. When your one of the 520,110 small business owners in the state, Minnetonka is a booming place to operate.
With over 53,085 residents calling this city home, you'll have a lot of opportunities to thrive. An independent insurance agent can help you protect what matters most. Connect with a local adviser to get started today.
Employee Benefits Coverage in Minnetonka, MN, to Attract Talent
With over 1,300,000 people in Minnesota employed by small businesses each year, you'll need to stay competitive. In order to offer the best value, employee benefits are necessary.
Employee benefits coverage: This package will allow your business to contribute to some or all of the following employee premiums:
Your employees make or break your company. By helping with their most expensive policy costs, you can show you care. Get with a Minnetonka independent agent for plan options.
Does Minnetonka, MN, Require Workers' Compensation Insurance?
Workers' compensation insurance is mandatory in Minnetonka, MN. When you have one employee or more, you are required by law to carry this coverage. It will help pay for medical expenses and lost wages when an employee is injured on the job.
To meet Minnesota guidelines, get a professional's advice. Fines or worse could be the penalty for inadequate coverage. Connect with a Minnetonka independent agent to review.
Do You Have Enough Liability Coverage in Minnetonka, MN?
The wrong policy limits can shut your operation down fast. Minnesota had $8,438,256,000 in commercial claims paid in 2019 alone. In order to cover all your exposures, talk with an independent agent. In the meantime, check out some of the most common liability coverages:
Cyber liability insurance: Every business has the exposure of data being stolen. All it takes is one click, and your employee and customer information is compromised. To avoid a costly lawsuit, get cyber liability insurance. Connect with an independent agent for quotes.
Business interruption insurance: Business interruption insurance pays for your expenses when a catastrophe or claim shuts your doors. Coverage lasts up to two years in some instances. Talk with a Minnetonka adviser to discuss.
General liability (GL) insurance: GL insurance will help pay for a lawsuit arising out of a slip and fall or a complicated product recall. There are many add-in coverages you can obtain on a GL policy, so get an expert. A local independent agent can go over coverage options.
Will Your Minnetonka, MN, Commercial Property Have Enough Coverage?
Several policies on the market will only insure up to 80% of the building value. That means you'll be responsible for the first 20% of a loss. Review your coverages with an independent agent to ensure you're adequately covered. Take a look at the most common Minnetonka, MN, exposures that your business insurance should protect against:
- Flooding and water damage
- Severe storms and lightning damage
- Wildfires and residential fires
- Burglary and other property claims
Does your commercial property have flood insurance?
The majority of business owners are not aware that their property policies won't cover flood damage. Most of the time, they find out when it's too late. To get coverage for a flood loss, speak with an independent agent on flood insurance today.
Why You Need an Independent Insurance Agent in Minnetonka, MN
If you use an independent insurance agent for your Minnetonka business needs, you'll get the best coverage in town. Since they have access to dozens of markets, your policy will be top-notch and less expensive than the rest.
When working with an independent agent, they do all the shopping on your behalf at no cost to you. If you're unsure how to get started, connect with one of the local advisers on TrustedChoice.com. You can use the find-an-agent resource to begin.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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