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Woodbury, MN 55125

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Minnesota Insurance Blog

Understanding commercial insurance

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. 

Workers compensation

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. 

Why a Minnesota business needs commercial insurance

St. Paul and Woodbury, MN are very popular areas for anyone that want a community that has a robust local economy. While this can make it a great place to live, it is also a great place to start a business. Anyone that is looking to start a business in this area of Minnesota needs to make sure that they are adequately covered by insurance. There are several reasons why a company should invest in a commercial insurance policy. 

Protects Company Assets

One reason why a company owner in Minnesota needs to have commercial insurance is that it will protect your company assets. Business owners will have to invest in some assets to keep their company moving. If you are going to invest in multiple assets, you should make sure that they are protected. A commercial insurance policy will give you the coverage that you need to ensure they are protected. 

Ensures Liability Coverage

A business owner is going to take on risk when they sell a product or service. If you are found liable for any type of accident, it could lead to a significant liability concern. When you are going to start a company, making sure that you are protected from this liability is very important. The best way that you can do this is by getting a commercial insurance policy, as it will include a liability insurance policy. 

If you are a business owner in the St. Paul or Woodbury, MN area and are in need of commercial insurance, you should reach out to the team at Kriener Insurance. The insurance team at Kriener Insurance can help you to determine all of the risks that your business is facing. We can then help you find a policy that mitigates these as much as possible. 

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