As a business owner in Minnesota, you have lots of things to consider. You have to think about your employees and also about the financial state of your business. No matter how big or small your business is, you need a long term plan to make sure that your business can thrive and survive no matter what gets thrown at it. At Calhoun Risk Management in Minneapolis, MN our team understands businesses of all sizes and we will recommend the types of commercial insurance that make sense for your business. Every business has different commercial insurance needs. Three of the most popular types of commercial insurance are property, liability, and workers’ compensation.
Property insurance is an important coverage option for every business. If you own the building where your business is located then it covers the physical building but even if you are a renter, you still have lots of property that needs to be covered. You have your equipment, your inventory, and all the things that make it possible for you to do business. Things happen including fires, storms, and theft and without this coverage, you could lose your business.
Liability insurance protects you from lawsuits and judgments against you. It could be a customer who was injured on your property or by a product that you produce. It can also protect you from cases brought by employees for wrongful termination or harassment. A judgment against you could cost you a lot of money that could damage your business beyond repair.
Workers’ compensation is mandatory in Minnesota. It protects your employees in the event they are injured on the job and it is an important part of commercial insurance.
When you are ready to discuss your commercial insurance needs Calhoun Risk Management in Minneapolis, MN is here for you. Give us a call or stop by our office and let our team of agents work with you to create a perfect plan.