Business Insurance

If you own a business, you are well aware of the risk involved. Whether you have one employee or 500, there is a risk in being an employer and running the daily operations of your company. Whether you sell liquor, run a non-profit, or have a fleet of company vehicles, insurance protects you and your investments.

While these are just a few things you need insurance for, Lake Region Insurance Agency can help you with all of your business insurance needs. As a business owner, your plate is already very full. We can be your partner in providing all of your insurance needs.

Why Business Insurance?

No matter the size of your company, it has value to you. Commercial or business insurance protects the business owner and investors regardless of your industry. Similar to home or health insurance, your company deserves protection and coverage for a variety of potential issues or problems.

There are many types of business insurance to consider. Everything from property, liability, and worker’s compensation, to special events and cyber liability insurance is on the table. You want to ensure your property has coverage as well as your merchandise. You should have a policy to include customers and employees, as well.

As a business owner, you need to protect your hard-earned assets and property. If a customer or employee sues your business, and you don’t have insurance, you could end up paying out of pocket. When this happens, owners are at risk of losing their business, home, and more.

What Business Insurance Do You Need?

While there is a wide range of insurance you can acquire, there are some basic coverage options all businesses should consider. Call Lake Region today to talk about these and any additional specialty coverage you may need.

A Business Owner’s Policy generally combines business property, liability, and income insurance under one package policy: 

• Business Property – This coverage protects your physical property where you do business, as well as your assets. It will cover tools, furniture, merchandise, documents, etc.
• Business Liability – This option helps protect you in any claims made against you or your business. An example would be a customer falling at your business and filing a lawsuit against you. Business liability insurance will protect you and cover the claim.
• Business Income Insurance – This coverage serves to replace lost income if your business is unable to operate due to a covered loss, such as a fire. This policy will ensure you can continue to pay bills, pay your employees, and survive the temporary lull in income.

In most cases, you also are required to have workers’ compensation, unemployment insurance, and disability insurance. We can help with those, too.

Lake Region Will Help You Choose

There is no “one-size-fits-all” business insurance policy. Your specific needs will depend on your company, your industry, and what you want to protect.

At Lake Region Insurance Agency, we can tailor a business insurance plan specifically for you. We will work to figure out what coverage you need and how much. We will go over things such as:

• What your business does
• Where your business is located
• What your property the company owns
• What equipment needs coverage
• What intellectual property you have
• How many employees you have

As your business grows, we work to keep everything updated so that your coverage matches any changes. Reach out today to explore all that we offer.