The Facts About Minneapolis Minnesota Commercial Insurance
When you are shopping for commercial insurance, you can often feel quite overwhelmed by the process. Contact a commercial agent in Minneapolis and you may get a completely different set of quotes than when you contact someone in St Paul or Bloomington, Minnesota. The large agencies often promise you the world, but if you really start talking to them, their rates are not as low as they may initially seem and you lose the benefits of a personal relationship with an independent agent. Before you sign a policy, make sure you talk to an independent agent, such as those from Allinsurance Agency. There are tons of little details you will need to finalize, but first it is best to understand what the basic types of insurance are available to businesses in Minnesota.
Minnesota Commercial Auto Insurance
Minnesota requires a minimum coverage for all vehicles driven in the state, whether they are used for business or personal purposes. Those who own even one car for business purposes need to look into the options available for commercial auto insurance. You may find if you compare rates that the commercial rates are actually lower than insuring them as private vehicles, and you are protected in case of an accident.
Minnesota Commercial General Liability Insurance (CGL)
Commercial general liability insurance (CGL) is the broad policy that protects your business in case there is a problem. This insurance covers things such as fires, thefts, vandalism and even some cases of on-site injuries. Talking to your independent agent is the best way to determine how much CGL you need for your business.
Minnesota Commercial Property Insurance
For additional property insurance, getting a few quotes for commercial property insurance is vital. Find out how much property insurance you should carry to make certain your business can stay afloat in case of an accident or natural disaster.
Minnesota Workers Compensation
Understanding workers compensation is difficult even for those who have been in business for years. Find out if you have enough coverage for potential workers compensation claims against you. This is especially important if you have a large number of employees.
Minnesota Business Owner Package (BOP)
The BOP or business owner package includes the basic insurance that meets the needs of most small business owners. This is a great starting point for many business owners. Your agent, or one from Allinsurance Agency, will be happy to determine if starting with a package is the right thing for your company.