Small Business Insurance Detroit Lakes MN

Most states will require you to have some sort of workers compenstation policy and it is never a bad idea to have some liability coverage. Five states (CA, NY, NJ, RI and HI) also require you to offer short term disability. If you are in one of these states and fail to provide the workers comp or short term disability coverage, you could face a very costly fine down the road.

Fujan Bruce Insurance
(507) 281-5194
5025 Highway 52 N
Rochester, MN
 
Allstate Insurance Companies
(507) 281-5525
3552 W River Pkwy Nw Ste 3
Rochester, MN
 
Madden Sue
(507) 281-0100
914 Broadway Ave N
Rochester, MN
 
American Family Insurance -- Barton Jackson Agency
(507) 332-6812
511 4Th St NW
Faribault, MN
 
Allstate Insurance-Chrales Brenny
(218) 828-8821
317 Washington St
Brainerd, MN
 
Insurance Office
(218) 828-1118
200 S 6th St
Brainerd, MN
 
Oakwood Insurance Agency
(320) 252-1758
2700 1st St N
Saint Cloud, MN
 
Lee Jim
(507) 388-3700
1140 S Riverfront Dr
Mankato, MN
 
Dale Schmidt Agency
(218) 751-6800
8322 Balsam Rd Nw
Bemidji, MN
 
Liberty Insurance Agency
(320) 253-6310
111 7th Ave S
Saint Cloud, MN
 

Business Protection for Solo Entrepreneurs

Q: I am planning to start my own business and am not sure whether or not I need small business insurance. How do I determine if this is a start-up requirement, the type of coverage I need and where would be the best place to get it

Most states will require you to have some sort of workers compenstation policy and it is never a bad idea to have some liability coverage. Five states (CA, NY, NJ, RI and HI) also require you to offer short term disability. If you are in one of these states and fail to provide the workers comp or short term disability coverage, you could face a very costly fine down the road.

Depending on what services your business provides, this can be more or less important. My advice is to speak with an experienced commercial insurance advisor and they can tell you what they feel you must have and should consider based on your specific situation.

 

It does not automatically transfer over to you. If you now own the ring, you need to buy a policy in your name to protect it. Most personal lines agents can handle this policy quickly. Some policies might offer no deductible and/or an agreed value on the ring, so you may want to evaluate what coverage is important to you given the premium differentials.

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