Articles Editor's Blog Reader Mail

Business Insurance - Protect Your Buisness Anoka MN

Lets start first with the home business scenario. With a home business, one of the biggest issues is to protect your home business equipment. Often, this will mean insurance on your technology (computers or other equipment) and business assets (like your fax machine). If you run your business from home, you may think these items are covered. However, a standard home insurance policy will not always give you enough protection for expensive assets like computer equipment or specialized machinery.

Apollo Insurance Agency
(320) 253-1122
28 11th Ave S
Saint Cloud, MN
 
American Family Insurance
(320) 251-9141
4170 Thielman Ln
Saint Cloud, MN
 
Lakes Region Insurance
(218) 723-5141
5401 Burning Tree Rd
Duluth, MN
 
State Farm Insurance
(507) 529-2992
2434 Superior Dr Nw Ste 102
Rochester, MN
 
State Farm Insurance Companies
(218) 751-9794
1709 Paul Bunyan Dr Nw
Bemidji, MN
 
Schiller Insurance Agency
(320) 654-6159
1529 W Saint Germain St
Saint Cloud, MN
 
Liberty Insurance Agency
(320) 253-6310
111 7th Ave S
Saint Cloud, MN
 
Fenstra, Harry Insurance
(320) 235-1022
2800 1st St S Ste 100
Willmar, MN
 
Janzen Phil
(507) 625-7101
79 Navaho Ave Ste 14
Mankato, MN
 
American Family Insurance- Ron Otterstad Agency Inc
(218) 751-5351
121 23rd St Ne
Bemidji, MN
 

Business Insurance - Protect Your Buisness

Provided By: 

Business Insurance

If you have your own business, you should be thinking about business insurance. It's not just for a big business - it can be for your home business.

With business insurance, your concerns are really three-fold:

  • Protect your business assets against damage or theft.
  • Protect yourself against liability claims from your clientele.
  • Protect yourself from employees (if you have any) who may have a legitimate claim for at work injury against you.

Lets start first with the home business scenario. With a home business, one of the biggest issues is to protect your home business equipment. Often, this will mean insurance on your technology (computers or other equipment) and business assets (like your fax machine). If you run your business from home, you may think these items are covered. However, a standard home insurance policy will not always give you enough protection for expensive assets like computer equipment or specialized machinery.

The answer can be a homeowner's endorsement for your equipment. This allows you to simply add to your existing homeowners policy, rather than having to negotiate a completely new policy specifically for your business do not remove. Be sure to check the details if you take this approach. You'll want to be sure that your business is covered properly, even if you are taking advantage of your homeowners policy.

The biggest challenge is if you also require liability protection for your home business. Most homeowner policy endorsements to cover your equipment will not give you liability insurance protection. If you are providing a service to clients, liability insurance can be essential. A client could sue you if a project goes wrong. If you are selling a product, a client could sue for damage caused by the product. Liability insurance will protect your personal assets in both these cases.

What if you have employees? Again, an endorsement to a homeowners policy is not a possibility. Once you need busines...

Click here to read the rest of this article from Insurance Guide 101

Local Events

UST Executive Conference on the Future of Health Care
Dates: 11/5/2020 – 11/5/2020
Location:
University of St.Thomas Saint Paul
View Details

UST Executive Conference on the Future of Health Care
Dates: 11/5/2020 – 11/5/2020
Location:
University of St.Thomas Saint Paul
View Details
 
About Us | Contact Us | Link to Us | Privacy Policy | Terms of Use | Insurance Resources | Sitemap