Owning a business comes with a multitude of responsibilities. Ensuring that your business and employees have adequate coverage for all situations is important. At Midwest Insurance Advisors, we'll work with you to understand your business and your priorities. We're experts in finding the right policies with the right carriers to meet your needs. We know there's a lot to be done each day, and your time shouldn't be spent worrying about whether your insurance is adequate. Leave it to us to help find a great fit, allowing you to dedicate more time to your company's success.
Types of Business Insurance
Our expertise includes: workers' comp, general liability insurance, product liability insurance, errors and omissions insurance, commercial property insurance, commercial auto insurance, business interruption insurance, and even smaller home-based business insurances.
Workers' Compensation Insurance
As soon as you hire your first employee, it's time to add workers' compensation insurance to your business insurance policy. Workers Comp protects your business from the expenses attributed to your workers getting hurt on the job. It could cover a variety of costs including medical expenses, disability expenses and even death benefits. You may think only jobs with physical labor need workers comp, but actually, even office workers need to be covered. Slip and fall injuries can happen anywhere, or an employee could file a carpal tunnel syndrome compliant.
Midwest Insurance Advisors has a variety or insurance options available for every level of workers comp needs.
General Liability Insurance
In addition to covering your workers, you will also need to have insurance to cover any customer liability issues from accidents. According to the experts, "These policies protect against payments as the result of bodily injury, property damage, medical expenses, libel, slander, the cost of defending lawsuits, and settlement bonds or judgments required during an appeal procedure."
There may be a day when you have a customer file a negligence claim or an injury claim, and having a good general liability insurance policy will be your greatest asset.
Product Liability Insurance
If your company produces a good, then you will need product liability insurance. This protection is vital for all manufacturers, wholesalers, distributers, and even retailers who are part of the products journey from maker to seller. Our experts can help you to decide on the right type and amount of insurance you may need based on your unique circumstances.
Professional Liability Insurance
Professional liability insurance is often required for specific professions, and often a necessary protection for all business owners that provide advice, and professional services. Often call E&O, or errors and omissions insurance, this type of insurance will cover malpractice suits and errors/negligence suits brought on by any clients. Having E&O insurance can be the difference between staying open or having to close down after a law suit.
Commercial Property Insurance
Businesses have commercial property insurance to protect their assets from perils both broad and specific. Typical "perils" include fire, smoke, hail, wind, storms, floods, crime, and vandalism. Our agents at Midwest Insurance Advisors can help you define what property you need to protect (which could include lost income in addition to physical assets). Then, we will help you find and tailor a commercial property insurance policy that protects you best.
Vehicle Insurance
If your company uses any type of moving vehicles, you will need to protect both your assets and your people with commercial vehicle insurance. Accidents do happen, but we will find you the correct coverage to make sure your business can keep going even when something happens. We will make sure you understand what level of auto insurance protection you need based on your vehicle usage, from basic third-party injury to comprehensive coverage.
Business Interruption Insurance
We are seeing more and more businesses use business interruption insurance than ever before. We are all becoming more familiar with just how important it is to still have cash flowing into our businesses even in the middle of a disaster, pandemic or unforeseen event. For those businesses that prepare ahead and put the insurance policies they needed in place before disaster strikes, business interruption insurance can be a life saver / business saver. Call us to learn more about how you can protect your income and cash flow in the event of a disaster.
Home-Based Business Insurance
Even small, home-based businesses need insurance coverage. In general, your homeowners' policy will not cover any business activities or any losses due to these activities. As small business owners ourselves, we understand business needs of all sizes and can help you to find an affordable policy, tailored to your unique needs.
Midwest Insurance Advisors will work with you every step of the way to find out what forms of insurance are advised for your type of business, and put those plans in place as soon as possible.