Central Lakes Insurance Brokers offers commercial insurance to Edina, MN small business owners. At Central Lakes Insurance Brokers, we strive to serve our community with ultimate passion and integrity. Starting a business entity in Edina, MN is sometimes a daunting task. Various perils like fire, theft, hail and vandalism can strike unexpectedly, jeopardizing your business activities. This disruption of your business can culminate in massive financial constraints, therefore, affecting your business’s income. Nevertheless, buying magnificent commercial insurance can go a long way in safeguarding your business and your employees. Keep reading to establish why commercial insurance is a worthwhile asset.
It’s a legal requirement.
Many states, including Minnesota, require small businesses to carry workers’ comp insurance if a business entity possesses more than one employee. It caters to the medical expenses accrued by your workers if they sustain a work-related injury or get a general ailment.
Protection of employees
Workers’ comp can safeguard them if your workers sustain injures or get sick while working on your business premises. This coverage helps cater to employees’ medical expenditure if they sustain an injury or contract sickness. Workers’ comp insurance also pays for missed wages and funeral benefits.
Protection of assets
Vagaries of nature can strike at any time, causing devastating damage to your business. Therefore, commercial insurance is a formidable option that can guarantee and safeguard a business’s assets. For example, many business entities possess treasured fixtures and equipment that are expensive to replace. When calamities strike and damage assets or your assets get burglarized, a commercial insurance policy will provide you with the funds you need to replace your assets.
When you sell a particular product or offer a service in your business, you are venturing into a specific form of liability. For example, if a customer gets injured at your place of business, you are likely to be held liable. In addition, general liability coverage caters to lawsuits emanating from slander and copyright infringement.
Are you a business owner in Edina, MN searching for commercial insurance to safeguard your business and employees? Please call or visit us at Central Lakes Insurance Brokers; we do our best to ensure our clients are guarded with affordable and sufficient coverages.