O'Fallon Business Insurance

(And where to find a trusted adviser.)

Written by Candace Jenkins
Written by Candace Jenkins

Candace Jenkins is a licensed insurance advisor with over a decade of experience. She is also a writer and loves to write on all things insurance. Candace writes for TrustedChoice.com on a continuous basis and is here with the facts about all your insurance inquiries.

Ofallon Missouri business insurance

Named after the president of the North Missouri Railroad, O'Fallon, MO is a historical place. Ranked as one of Missouri's best places to live, O'Fallon is a growing city. 

If you are among the 87,597 residents and own a business in this landmark town, you'll need insurance. A local independent insurance agent can help get a fair price on the coverage your business needs. Connect with an agent to get started. 

Cyber Liability Insurance in O'Fallon, MO 

To better protect your business from all exposures, a cyber liability policy can help. It will provide coverage for lawsuits arising out of cyberattacks. When your clients' sensitive data is stolen, you'll want a policy that can respond. Let's look at the facts:

  • Number of US identity records exposed in 2019: 164.68 million
  • Number of US data breaches in 2019: 1,473

Cyber liability insurance is usually an afterthought when it comes to purchasing policies. The majority of the time, it's the most important coverage for your operation. With just one click, your company's data could be compromised. Speak with your O'Fallon agent on your business insurance to get protected.

Does Your O'Fallon, MO Business Need Liability Insurance?

Most businesses that have claims often have liability losses. It's the most used coverage on your policy. Commercial general liability insurance, or CGL, is the policy needed to have proper protection. Take a look at what CGL insurance will cover:

  • Bodily injury
  • Slander
  • Advertising injury
  • Property damage

Your company's finances could be hit hard if you're without a CGL policy. When cash flow is important, the last thing you need is your funds tied up in a lengthy lawsuit. Take a look at where CLG limits start:

  • $1,000,000 per occurrence
  • $2,000,000 aggregate

Umbrella insurance is another policy that can add liability coverage. For those larger claims that exhaust your underlying limits, umbrella insurance will apply. It can give you an additional $1,000,000 in coverage or more. Speak with your local agent for liability options.

Protection for Your O'Fallon, MO Commercial Property

Damage to your commercial property could come from catastrophes, natural disasters, theft, and even fire. If you do not want to pay out of pocket for a loss, a commercial property policy is a good idea. 

The Top 5 Most Reported Property Threats in Missouri

  • Severe storms and lightning
  • Flooding and water damage
  • Severe ice storms and freezing
  • Burglary and other property crimes
  • Tornadoes

Your weather losses in MO can be severe. When your commercial property sustains damage, you'll want a policy that responds. Your commercial property insurance will cover these perils, excluding flood damage. For a flood, a separate policy is needed.

Why You Need Flood Insurance in O'Fallon, MO

A flood loss can occur to any property at any time. Your independent agent can help find your flood zone and run quotes. According to FEMA, just one inch of water can result in $25,000 in loss. A flood policy can remedy that exposure by paying for any water damage that comes your way. Connect with your local agent to get pricing on flood insurance.


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Business Interruption Insurance in O'Fallon, MO

If you have to stop your operations temporarily, then you'll want coverage for expenses. Your CGL policy will have an option to add business interruption coverage. It will safeguard your company so you can stay afloat.

Business Interruption Insurance

This pays for regular business expenses when a covered loss occurs and your company has to stop operating. Coverage can be applied to rent or mortgage payments, payrolls, and insurance. 

Your small business may not be able to survive the blow that halting income may bring. If you have interruption coverage, you can avoid going under. Discuss options with your O'Fallon, MO agent. 

Employee Benefits May Help Your O'Fallon, MO Business

Over 77% of employers contribute to their employees' healthcare costs. To stay competitive in the workplace, you'll need to offer value. Take a look at the costs of health insurance:

  • Average annual health premiums for family employee coverage in 2019: $20,576
  • Average annual health premiums for single employee coverage in 2019: $7,188

An employee benefits package will help pay for things like employee health insurance, life insurance, and disability insurance. If you are looking to hire and retain top talent, covering these insurance costs is crucial. Speak with your independent agent about packages to satisfy your employees.

Worker's Compensation Coverage in O'Fallon, MO

When you employ five or more people in Missouri, you're required to carry worker's compensation insurance. Although it's only a mandate when you reach five staff members, most agents will advise you to obtain coverage even with one employee. Let's find out what worker's compensation insurance covers.

Worker's compensation insurance will pay for medical expenses and lost wages for employees that get injured or ill on the job. Take a look at the state-mandated limits:

  • $100,000 per occurrence for bodily injury
  • $100,000 per employee for bodily injury by disease
  • $500,000 policy limit for bodily injury by disease

If an employee gets hurt or ill on your watch, and because of their duties, your business is liable. To get proper protection, speak with your local agent about worker's compensation coverage.

How to Find an Independent Agent in O'Fallon, MO

Commercial insurance comes with a lot of choices, and an independent insurance agent can help. They work with multiple carriers and have options. 

When you're searching for the best coverage and price in O'Fallon, go to TrustedChoice.com. They can connect you with a local independent agent in minutes. 

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