Every business in Rochester, MN has unique needs, exposures, and vulnerabilities. That’s why it’s crucial to customize your coverage to fit your specific industry, operations, and risk appetite. Safechoice Insurance Agency explores the importance of tailoring commercial insurance to your business needs.

Construction Industry

Construction companies face multiple risks, including bodily injury to workers, property damage to equipment and buildings, and liability for mistakes or delays. That’s why they need specialized insurance policies that cover them for these exposures. For example, a builder’s risk policy insures a construction project during the construction period, protecting against damage to the property or theft of materials.

Retail Industry

Retail businesses are vulnerable to risks, including theft, liability for slip and fall accidents, and property damage from fire or natural disasters. A robust retail commercial insurance program should include property, general liability, and workers’ compensation insurance.

Professional Services Industry

Professional service providers, such as lawyers, accountants, and consultants, face unique risk exposures related to their expertise and client advice. In addition to general liability insurance, they need professional liability insurance, also known as errors and omissions (E&O) insurance.

Hospitality Industry

Hotels, restaurants, and bars are exposed to risks of property damage, theft, liability claims, and guest injuries. Hospitality businesses need tailored insurance coverage that addresses these exposures. For example, liquor liability insurance covers claims arising from a patron’s overindulgence and the resulting accident or injury.

Commercial insurance is critical to your business risk management strategy. However, buying a generic policy won’t cut it. To ensure you’re adequately protected, it’s vital to tailor your coverage to meet your specific industry, operations, and risk appetite. Contact Safechoice Insurance Agency today to discuss an insurance portfolio that fits your business in Rochester, MN.