Sidney Business Insurance

Your Complete Guide to Sidney, NE, Business Insurance

How to find the right policy for you

Sidney Nebraska business insurance

Sidney, NE, is known for its avid outdoorsman of all kinds. If you're looking for a place to camp, fish, or hunt, Sidney is famous for it.

When you own a business in this adventure state of 6,620 residents, you'll need proper protection. An independent insurance agent can help find coverage for an affordable price. You can connect with a local adviser to get started today.

Do You Need Workers' Compensation Insurance in Sidney, NE with One Employee?

In Sidney, NE, you must carry workers' compensation insurance when you have just one employee. Each state is different on what limits they mandate coverage to be at, so get with an adviser. Let's see how coverage would apply:

  • 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

If you are without workers' compensation coverage, not only could you be fined, but your finances could be hit hard. When a claim occurs, and your employee is seeking restitution, you're responsible. Speak with an independent agent in Sidney to go over your policy.

Sidney, NE, Coverages Your Business Should Have

Your business needs to have adequate protection for all life throws at it. With 3,632,370,000 business claims paid out in Nebraska in 2019 alone, you'll want the right policy.  An independent agent can help you assess which policies are necessary for your operation. First, take a look at some common coverages you won't want to miss:

Commercial property insurance: When catastrophes strike, your commercial property could be affected. Nebraska has its own risk factors that you'll want to make sure are covered. Take a look at the top five common property risks in Sidney, NE:

  1. Severe weather and storms
  2. Flooding and water damage
  3. Wildfires and residential fires
  4. Tornadoes
  5. Burglary and other property crimes

A Sidney independent agent can help your commercial property and belongings stay protected from weather and related losses. 

Flood insurance: Contrary to popular belief, flood damage is not covered under your primary business insurance. This means you'll need a separate flood insurance policy to be insured. Connect with an independent agent to get quotes.

Business interruption insurance: Business interruption insurance pays for your regular bills when your company sustains a loss that puts it out of commission. Coverage will last up to 24 months, depending on your policy. Speak with a Sidney independent agent to ensure you're getting all the coverage your business needs. 

When Your Sidney, NE, Company Needs to Hire Top Talent

With 412,291 people employed by small businesses in Nebraska, you'll need to add value. It's important to attract the right talent in a small town that will help your company grow. Employee benefits coverage can help you get and keep top staff members so you can thrive. Let's take a look at the facts:

  • Employer health insurance contribution in the US as of 2018: 77%
  • Average annual health premiums for family employee coverage in 2019: $20,576
  • Average annual health premiums for single employee coverage in 2019: $7,188

A package can help your employees pay for all or part of their health, life, and disability insurance. An independent agent can assist you in creating an employee benefits plan that's right for you. 

Which Liability Insurance Policy Does Your Sidney, NE, Business Need?

There are 176,358 small businesses in Nebraska, and the majority don't have proper insurance. Liability coverage is one of the most used limits on your business insurance. It will protect your company from many lawsuits that could arise. Since there are several different insurance policies to choose from, you'll want a professional's help when deciding. Check out a few standard policies below:

Commercial general liability (CGL) explained: A CGL policy will provide coverage for a lawsuit due to bodily injury or property damage. An independent agent can help you pick the right limits for your plan.

Cyber liability insurance: Data breaches occur daily. If your business uses and stores sensitive information such as client emails, socials security numbers, and the like, you're vulnerable. A cyberattack can happen in a matter of moments. 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

The majority of business owners don't obtain cyber liability, but it's necessary. To better protect your company, you'll want to have a cyber policy with adequate limits. Connect with an adviser to get quotes.

Umbrella insurance explained: Umbrella insurance will kick in when a more substantial loss occurs, and your CGL policy limits are exhausted. This policy is usually inexpensive. Speak with a Sidney independent agent to make sure you have all the right coverage for your operation. 

Why You Need an Independent Insurance Agent in Sidney, NE

An independent insurance agent can help you find the right policy for the lowest price. Since they work with several carriers, they can quote with numerous markets at once.

To save time and money, work with an independent agent for free. Go to TrustedChoice.com to get matched with a local expert in minutes.

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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