We believe small business is the foundation of a strong economy. Without the many small businesses that serve our area in Blaine and surrounding suburbs, the greater Twin Cities area would not be what it is today. Establishing and maintaining a business takes a lot of sacrifice and hard work. Our job is to make sure you can continue doing what you do best without any hiccups along the way. With business insurance, you can protect your investment and safeguard against losses no matter what the future holds.
Types of Business Insurance
If you own a small business, there are certain types of insurance you need to cover yourself, your equipment, your employees, and other people. With so many moving parts, a business owners policy (BOP) can help simplify the equation. BOP insurance can be customized to suit your business and the unique risks it faces in your particular industry. Although business insurance is never one-size-fits-all, there are certain types of coverage that are included in many Minnesota business insurance plans. Examples include:
Property, Equipment, and Inventory Insurance
Whether you conduct business in a leased or owned space, property and equipment insurance can protect your building’s structure and its contents against certain types of perils. Whether your office catches fire, a thief steals your inventory, or water damage destroys your expensive point-of-sale system, make sure your business and its assets are protected.
Business Interruption Insurance
If your business suffers a major loss, you may be forced to temporarily close its doors. Business interruption insurance helps you pay the bills and cover employee wages while you recover.
Commercial Auto Insurance
When you or your employees cause an accident while on the job, your commercial auto insurance can help cover your bodily injury and property damage liability to a third-party. It can also provide reimbursement for company vehicles damaged in an accident.
Workers Compensation Insurance
Workers compensation protects Minnesota employees when they are injured on the job. This type of coverage pays medical expenses, rehabilitation costs, and lost wages while your workers recover from a job-related injury.
General Liability Insurance
Accidents happen, and so do lawsuits. General liability insurance insures you against third-party injuries occurring on your premises. It can also provide coverage when you or an employee causes injury or loss to a client at a jobsite. Liability insurance typically covers attorney fees, medical bills, and other damages.
Employment Practices Liability Insurance
Your employees have rights. If you are sued for wrongful termination, breach of contract, sexual harassment, discrimination, invasion of privacy, slander, mismanagement, or other types of negligence as an employer, EPLI can help cover your liability.
Professional Liability Insurance
If you provide professional services, an innocent mistake or bad advice could prove costly for your client. Professional liability insurance protects you against claims of negligence and other errors in your work.
Industry-Specific Business Insurance in Blaine, MN
Protecting your company is just as important as building it. It is equally important to work with an independent agent who can recognize your risks and minimize your exposure to them. At Patriot Insurance, we understand that your business may have special circumstances that require unique insurance protection. Whether you operate in food services, work in the construction industry, or own an automotive repair shop, we can help you find the coverage you need. We will work hard to save you money so that you can spend less on insurance and put more cash where it matters most – your business.