Small businesses face diverse risks daily, making commercial insurance a vital investment. If you own a small business, you may be unsure which commercial insurance products to consider. Here at Safechoice Insurance Agency, providing commercial insurance to small business owners in greater Rochester, MN, we can help you determine what products you need and then help you purchase them. Here are some of the most common types of commercial insurance products small business owners should consider buying.

Available Types of Commercial Insurance in Minnesota

1. General Liability Insurance: Protects against lawsuits for injury, property damage, or advertising injury claims.
2. Property Insurance: Safeguards physical assets like buildings, equipment, inventory, and furniture from perils like fire or theft.
3. Business Interruption Insurance: Covers lost income and expenses during interruptions caused by events like fires or natural disasters.
4. Commercial Auto Insurance: Covers accidents and damages for business vehicles.
5. Workers’ Compensation Insurance: Provides medical benefits and wage replacement for injured employees.
6. Professional Liability Insurance: Essential for service-based businesses, it protects against professional negligence claims.
7. Cyber Liability Insurance: Covers expenses from data breaches and cyber threats.
8. Commercial Property Insurance: Protects physical spaces and contents.
9. Product Liability Insurance: Covers claims related to defective products.
10. Employment Practices Liability Insurance (EPLI): Safeguards against employment-related lawsuits.

Customizing your commercial insurance package to align with your small business’s unique needs for financial security and peace of mind is important. If you’re looking to purchase commercial insurance and need help determining what products are right for you, trust the team at Safechoice Insurance Agency, which provides coverage in the greater Rochester, MN region. Call us now to get started.