St. Paul

St. Paul, MN Business Insurance Basics

Find the right business insurance policy for you.

The capital city of Minnesota is the smaller of the Twin Cities, but the second largest city in the state. St. Paul houses the state government, plus several large financial, retail, and manufacturing company headquarters. “The Saintly City” is a great location for business, but large and small companies need the right St. Paul, MN business insurance to minimize risks and keep work flowing smoothly.

A local independent agent in the Trusted Choice® network will work with you to compare St. Paul commercial insurance quotes, analyze your unique business requirements, and select the right combination of policies. One of these agents can compare coverage options for you from multiple insurance companies and provide a range of quotes. Find a local agent today to get all of your commercial coverage needs met from one local office.

  • Minnesota GDP, 2010: $267 billion
  • In 2012, 19 Fortune 500 companies were located in Minnesota
  • In 2012, 3 Fortune 500 companies were located in the St. Paul area

Since St. Paul is the capital of Minnesota, the city houses many state government offices, but also provides plenty of public sector opportunities. The city is close to the University of Minnesota and houses several colleges, which means it is an active cultural area with many local restaurants, museums and shops.

Use our independent agent matching system to find the best insurance plan in your area. You tell us what you’re looking for, and our technology will recommend the best agents for you. Any information you provide will be sent to only the agents you pick. We do not sell to third parties.

St. Paul Business Insurance Costs for Small Companies

Your company is unique and so are your coverage needs. The amount and type of liability insurance, property coverage and commercial vehicle insurance you will need, for example, will be completely dependent upon the focus of your business and whether your offer goods or services. Some annual small business cost ranges for a few basic coverage types include:

  • Professional liability: $500 to $2,500
  • General liability: $500 to $15,000
  • Employee health coverage: $500/ individual to $12,000/family

In addition to your specific risks, some of the variables that will affect your business package and costs include the size of your business and your risk tolerance. To get more accurate St. Paul business insurance quotes, be sure to consult a local independent agent in the Trusted Choice network. An agent right in your neighborhood can help you analyze your current business risks, compare competitive quotes, and protect your bottom line.

Local Business Risks and Hazards

Your daily business concerns may include any number of risks, including:

  • Liability risks based on products or services you offer
  • Liability risks due to employed drivers making deliveries or driving for business purposes
  • Property damage from fire or severe weather
  • Fraud, embezzlement, extortion, or theft
  • Cybercrime and data loss

Most companies share some common concerns about the risks of doing business, such as a lawsuit that could put the entire operation at risk. But in addition to that, your company most likely has a unique set of insurance needs based on how you run your organization, the materials your employees handle, and whether they serve food, drive vehicles or handle toxic substances in the course of the work day.

For example, if you run a retail store in Maplewood Mall, you may be concerned about insuring your inventory. Financial companies and architects would be more concerned with their liability regarding advice and professional services. An independent agent in the Trusted Choice network can help you pinpoint your company’s specific risks and suggest the right policies for future business security.

Employee Benefits Insurance for Growing Companies

Beyond actual business insurance, many St. Paul companies offer their employees a package of benefits that includes group insurance plans. These benefits can help employees feel more secure, and they can also help businesses attract and retain the best workers. If you would like to offer group benefits or find alternatives to your existing plans, a local member of the Trusted Choice network can help by providing information and comparative quotes.

St. Paul Commercial Insurance Choices

Some of the most common commercial coverage types include:

  • General liability insurance
  • Product liability insurance
  • Professional liability insurance
  • Commercial property insurance
  • Worker’s compensation insurance

In addition to these policies, any given business will need to assess additional coverage needs such as commercial vehicle insurance, construction bonds, premises liability and other specific policies. There really is a commercial insurance product to cover every imaginable risk.

Compare St. Paul Commercial Insurance Quotes

A local independent agent in the Trusted Choice network can meet with you, and will take the time to understand your concerns and business risks. These agents are not affiliated with any one insurance company, which means they can help you compare St. Paul commercial insurance quotes from multiple insurance companies and find the right coverage at the right price. Additionally, your local agent can meet all of your needs out of one office so you don’t need to do additional footwork to get complete coverage.

Contact a local member agent today for more information about St. Paul business insurance.

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