Crete, NE, has top industries in the hospitality, education, and healthcare sectors. Once labeled as a small but cosmopolitan city, Crete is a growing place to own a business.
When your operations are in a 7,160 resident town, you'll need protection. An independent insurance agent can get the best coverage for the lowest price. You can connect with a local adviser today.
Are Your Crete, NE, Liability Limits Enough for Your Operation?
With 176,358 small businesses in the town of Crete, NE, you'll need the best protection for your operation. When your reputation is on the line, you'll want coverage to protect yourself and your customers. There are many liability coverages your agent can go over, but the most common are listed below:
Cyber liability insurance: If your company uses email as a form of communication, you're vulnerable to a cyber attack. Most businesses go without this coverage, but it's one of the most necessary. It only takes a moment for your employees' and customers' data to be stolen. Let's take a look at some facts:
- Number of US identity records exposed in 2019: 164.68 million
- Number of US data breaches in 2019: 1,473
Cyber liability will protect your company's finances when a lawsuit arises due to unprotected information. Talk with an independent agent to obtain quotes.
Commercial general liability (CGL) Insurance: A CGL policy is the primary protection for your business. It will cover a variety of lawsuits. Discuss the limits needed to protect your assets with an independent agent.
Umbrella insurance: Umbrella insurance is often overlooked, but very necessary. It will protect your business against a substantial liability loss. When your CGL limits are exhausted, your business umbrella insurance will apply. Speak with your Crete independent agent to get the best coverages on your liability insurance.
Does Your Crete, NE, Commercial Property Have the Protection You Think?
Your commercial property will have local risk exposures that you need protecting. When a catastrophe or loss occurs, an independent agent can help. Check out the top five local property claims in Nebraska:
- Severe storms and lightning
- Flooding and water damage
- Wildfires and residential fires
- Burglaries and other property crimes
Some commercial property policies will not cover your building the way you've imagined. Unfortunately, most insureds don't find this out until it's too late. Coverage may only insure up to 80% of a loss, which means you'll be responsible for the first 20%. That can be a lot of money if the claim is substantial. Speak with a Crete independent agent to go over your property limits.
Does Your Crete, NE, Business Have These Necessary Coverages?
When you're insuring your livelihood, the right policy matters. Some coverages can be missed if you have the wrong agent. An adviser can help you decide which business insurance is the most effective. Until then, take a look at some necessary coverage options:
Business interruption insurance: Business interruption insurance will cover your Crete operation when a claim causes you to shut down. Coverage usually helps pay the bills for 12 to 24 months. Connect with an independent agent to make sure this is on your CGL policy.
Employee benefits insurance: When you want to attract and retain staff, employee benefits coverage can help. With 412,291 people employed by small businesses in NE, you'll need to stay ahead of the market. A package will help pay for your employee's health, life, and disability benefits. Let's look at the facts:
- Average annual health premiums for family employee coverage in 2019: $20,576
- Average annual health premiums for single employee coverage in 2019: $7,188
If you help pay for your staff's highest expenses, you add value. Speak with an independent agent to create a plan that works for your business.
Flood insurance: Flood insurance for your commercial property is a separate policy. This coverage will help pay for flood damage when a loss occurs. To ensure you have all the right policies for your company, contact a Crete independent agent to discuss.
Is Workers' Compensation Insurance Mandatory in Crete, NE?
Your business is required to carry workers' compensation insurance when you have one employee or more. If you're thinking of making your first hire, talk with a trusted adviser. Let's see what workers' compensation covers:
- Pays for medical expenses of an injured or ill employee hurt on the job
- Pays for lost wages of an injured or ill employee hurt on the job
State-mandated policies can be tricky. You'll want the help of a professional to make sure you're following the guidelines. Connect with a Crete independent agent to get the right coverage for your business.
Why You Should Work with an Independent Agent in Crete, NE
An independent insurance agent works with your company finding you the best coverage for free. When you want low prices, an independent agent shops the markets to ensure you get the best value.
With 3,632,370,000 Nebraska commercial claims paid in 2019 alone, your business insurance is important. Go to TrustedChoice.com to find the right local expert in minutes.
TrustedChoice.com Article | Reviewed by Jeffrey Green
©2020, Consumer Agent Portal, LLC. All rights reserved.