A trustworthy insurance agency is one that truly listens to your needs and finds a solution that fits. Mountain Plains Agency, Inc. is a network of insurance agents in North Colorado dedicated to finding the right solution for you. We’re here to guide you with the business insurance you need for every situation. This could include coverage for property damage, liability, employee benefits, and more.
We’ll tailor your coverage to fit your business needs and help you find the best protection for your business. We’re ready to answer all of your questions and help you find the right insurance for your business. Commercial business insurance protects your business in the event of a covered loss. Because every business is different, hundreds of additional commercial insurance policies are available. It’s essential to do your homework and research what’s best for you and your business. You wouldn’t want to invest thousands of dollars in insurance and find out you don’t need all that coverage. Also, it’s essential to check with your state insurance department to ensure you’re following the proper licensing requirements.
There is a considerable amount of insurance coverages business owners can choose from — some coverages are necessary while some ranges are only needed for specific businesses and their needs. The most significant factor in determining what insurance coverage is needed depends on the type of business. Other considerations are factored into choosing the appropriate policy, which includes:
- Location of business- whether the company owns, rents, or leases the building(s) they operate
- Amount of employees
- Years in business
- Gross annual revenue
But first, get to know our services and products so that you know how we can help you more!
Commercial Property Insurance
Commercial Property Insurance is an insurance policy designed to protect your business against risks and liabilities. You might think that you don’t need it, but you have to have it. What can happen if you don’t have Commercial Property Insurance? Your building can be damaged by fire, lightning, and other disasters. Your business can suffer lost revenue because your business is forced to close for repairs. You might be sued if someone gets hurt on your property. If you want to protect your business from the risks of losing revenue and property value, then you need Commercial Property Insurance.
Moreover, people purchase many things to improve their lives, their business, and their home. These purchases can be expensive and hard to replace if damaged or stolen. Sometimes catastrophes happen beyond our control, but that doesn’t mean we have to be as vulnerable as we are. It’s essential to have property insurance if anything happens to your belongings. So you can have peace of mind and save money in the long run.
Professional Liability
If you are considering commercial insurance, you need to know about Professional Liability. It is an important policy that you should not overlook. Without it, you could potentially be held liable for any injury to a customer or passerby due to negligence or incompetence. So, what should you do if you want to make sure you are covered?
- To start with, you will have to ask your agent to explain what Professional Liability is.
- After that, you should ask the agent to explain the differences between Professional Liability and General Liability.
- When it comes to Professional Liability, you will want to know what types of exclusions, coverages, and limits you need.
- Finally, you should get a detailed, thorough explanation of the policy and its benefits.
Liability is the extent of responsibility for an action or a failure to act. Liability insurance helps protect you from the financial and legal risks associated with a claim. Liability insurance is also known as professional liability insurance, errors and omissions insurance, or malpractice insurance. If you’re a consultant, consultant, contractor, or other professional operating a business, obtaining professional liability insurance is a wise move.
Liability insurance can help protect your business, assets, and reputation. In addition, liability insurance can help protect you and your business from the threat of lawsuits should your negligence lead to an injury or property damage.
Crime Insurance
As crime can affect any business, it makes sense to get crime insurance to cover the costs of damage to your business, whether that be a result of burglary, fire damage, or vandalism. In the case of a burglary, you are insured against the loss of items such as stock and computers that have been stolen. Fire damage is covered against the costs of repairing, rebuilding or replacing the building and any stock that has been damaged. Depending on the value of your inventory, you can also get cover for stock that has not been lost! Additionally, you can get the body for the cost of rehousing your business, such as the cost of renting new premises for a short period. The same goes for certain types of extortion, such as blackmail and robbery.
Crime insurance is one of the most undervalued areas in commercial insurance. Though it might not seem like a necessity, crime insurance can be a lifesaver when it comes to recovering property, assets and making sure that your business can continue to run smoothly. This insurance will cover burglary, arson, and vandalism. You must be aware of what perils are covered by your policy, and make sure you get the right amount of coverage. The amount of coverage you need is based on the amount of money that crime insurance would cover!
Worker’s Compensation
When a worker is injured at a job, worker’s comp provides them with the medical and disability payments they need to recover and help them get back to work. In turn, by not having worker’s compensation, there is a risk of not only the worker, but the business not recovering from an injury. Commercial insurance companies are required to have worker’s compensation. However, some are denying it to their employees, but this is illegal and can lead to fines by the state. With the money saved on not having worker’s compensation, it’s not a smart idea to save a few cents.
Additionally, workers’ compensation insurance is a commercial insurance policy that protects the business from the costs associated with work accidents. The costs associated with work accidents can easily get out of hand and cause losses for the business. Having a proper workers’ compensation insurance policy in place makes sure that the business does not face such a situation. In addition to covering expenses of the worker’s compensation claims, workers’ compensation insurance also covers medical and rehabilitation expenses.
Indeed, it is important to have workers’ compensation insurance to protect the company’s assets. A worker’s compensation can help you find the perfect policy for your business.
Conclusion
Commercial business insurance is crucial for every commercial business. It is an effective way to ensure that the business will stay protected. We hope you enjoyed our article about protecting your business. Here at Mountain Plains Agency, Inc. we know that comprehensive insurance coverage is essential to keeping your business safe. That’s why we strive to provide you with the right amount of protection at the right price. Whether you are a startup company or a company that has been in business for years, we can provide you with a custom insurance package that meets the unique needs of your business.
We offer insurance for businesses in a wide range of industries including restaurants, retail, construction, health care, and more. If you are interested in learning more about our business insurance services, please do not hesitate to reach out to us by getting a quote.
We look forward to hearing from you and working with you to create a customized insurance package that meets the needs of your business.
