You've invested a lot of time and money into your business, and carefully protected your personal assets from liability by incorporating or forming an LLC. But, do you have adequate insurance to protect your new venture from theft, fraud, and natural disasters? To help you protect what matters most, Daniel Oliver, a registered Farmers Insurance Agent serving individuals and businesses throughout Minneapolis, has some advice for helping you select a business insurance policy to meet your needs.

First, you'll need to select the policy type that best applies to your business and the risks to which you've most exposed. Insurance companies offer policies that cover damage to your buildings, inventory, and other physical property, losses due to theft or other crimes, and liability insurance to protect against lawsuits if someone is injured in one of your facilities. The right policy and amendments for you depends a great deal on the industry in which you operate and where most of your investments have gone.

You should also carefully consider the limits and deductibles, which have a major impact on the amount of your regular premiums. Get quotes from several insurers and compare the details to make sure you're getting the best coverage at the best price. If you run a small, home-based business, you may be able to protect your investment with a rider attached to your homeowner's insurance policy rather than purchasing new coverage.

The insurance industry is complex, so seek help with an experienced professional. Visit Daniel Oliver - Farmers Insurance Agent online now or call (952) 925-4454 to schedule an appointment.