Any business requires a substantial investment in time, capital resources, and energy. Unfortunately, even the most well-managed company is exposed to threats that can disrupt your business, which is why insurance is a wise protection. A comprehensive business insurance package provides a wide umbrella of coverage, protecting your investments from a variety of risks.

Protecting Your Company with Business Insurance

1. Property Insurance

Most businesses rely on some sort of property, such as computers, inventory, or industrial machinery. Business property insurance covers losses due to natural disasters, theft, and other perils, ensuring you can continue operations if your assets are damaged or destroyed. Home insurance policies usually won’t cover business property, so you’ll need an additional business policy to protect equipment or products if you operate a home-based enterprise.

2. Worker’s Compensation Insurance

Most states require businesses to carry worker’s compensation insurance to compensate their employees for work-related injuries or chronic medical conditions. In Minnesota and most other states, almost every employer is required to purchase coverage through a private insurer.

3. Liability Coverage

If a customer is injured on your property or hurt by a defective product, the resulting lawsuit can be more than your business’s finances can bear. Business liability insurance will pay the cost of valid claims along with the expense of defending yourself against spurious claims.

4. Business Auto Insurance

A commercial auto insurance policy protects your service or delivery vehicles from damage and compensates victims for accidents your employees might cause. Even those who use their private vehicles for work may need a business auto insurance policy to protect themselves from lawsuits and property damage.

Thanks to Daniel Oliver’s experience and reputation for providing high-quality service to every client, businesses throughout Minneapolis, MN, depend on Farmers Insurance: Daniel Oliver to help protect what matters most with business insurance. As a representation of one of the industry’s most dependable carriers, he has access to comprehensive business insurance policies and the expertise to help you choose the best ones for you. Visit his website or call (952) 925-4454 to request a quote today, and follow him on Facebook for more tips and updates.