Wisconsin is home to nearly half a million small businesses, with more than 17,000 of them located in Brown County. Naturally, most locally owned businesses are not as large and successful as Green Bay’s own Humana or Schneider National, but each provides its business owners with opportunities for income, growth and advancement. If you own a small company in the Green Bay area, you have likely invested a lot of time, money and effort into it. You will want to protect this investment by securing your business with a highly rated Green Bay, WI business insurance policy.
Many people in this city are finding niche markets for their various trades, and small minority-owned businesses are thriving. Regardless of your company’s industry, you need to secure a commercial business insurance policy in order to protect your business from financial losses caused by unexpected problems.
Most states, including Wisconsin, require businesses with employees to carry insurance to cover worker’s compensation, disability and unemployment benefits. If your business venture necessitates the use of a company vehicle or a fleet of vehicles, you will need a commercial vehicle policy. Finally, if you have taken out a large business loan, your lender may require you to carry a commercial insurance policy.
The law does not require small businesses without any employees to have insurance. These businesses make up nearly 73.4 percent of all of Wisconsin small businesses. If you made a large investment in a sole proprietorship or devoted a lot of time and effort to your business, having a commercial insurance policy is a very good idea.
Some new business owners believe setting up their company as an LLC or a corporation automatically protects them against financial losses. However, these corporate business structures merely protect your personal assets from liability expenses. The business itself remains vulnerable. Only a Green Bay business insurance policy can fully protect your commercial endeavor from unexpected damages and monetary losses.
Businesses can vary greatly by industry, size and the potential risks they face. Business insurance policies offer many different coverage options, so you are able to customize your policy to meet your business’s unique coverage needs. A typical Green Bay business insurance policy will offer the following types of coverage:
You need to consider many different variables before comparison-shopping for a business insurance policy. You will first want to fully assess your business coverage needs. Then, you want to contact an agent in the Trusted Choice® network to help you save time and money by doing your comparison-shopping for you.
It is easy to set up an obligation-free meeting with a Trusted Choice member agent located close to your home or business. Contact an agent today to get more information and to obtain a variety of competitively priced Green Bay commercial insurance quotes.