If your business is operating without commercial insurance, chances are you don’t understand commercial insurance and the safety net it provides for your business. Owning a business can be risky for many reasons, but with commercial insurance, you can mitigate many of the risks. If you want to find out more about the benefits of commercial insurance, the knowledgeable staff at Kriener Insurance in Woodbury, MN is there to answer any questions you may have.
Commercial property insurance
You do everything you can to protect your business, but you can’t control some of the hazards that affect your business. Commercial property insurance helps you to survive natural disasters, fires, theft, and vandalism. If you own the building, it will cover that, but it covers your inventory, office equipment, raw materials, machines, and records even if you don’t.
Commercial liability insurance
Any business is vulnerable to legal action against them. Both judgments and legal expenses can be high. Liability insurance helps you to survive being sued.
Commercial auto insurance
If your business owns a vehicle, it should be covered by commercial auto insurance. Personal auto insurance may not cover the business use of your vehicle and leave you uninsured.
Business interruption insurance
When disaster strikes, you may not be able to continue in business. Your expenses, however, will continue, and with business interruption insurance, you will receive the money it needs to continue to pay bills and salaries until everything is restored.
In Minnesota, every employer, no matter how many employees they have, is required to have workers compensation insurance or prove that they have the financial ability to self insure.
Now that you know what commercial insurance has to offer, it’s time to talk to Kriener Insurance in Woodbury, MN to discuss how your business could benefit from commercial insurance. Give us a call or stop at our office to get your no-obligation quote.