Important questions to ask your agent about your business insurance policies

If you are a small business owner in the Crosslake or Brainerd, MN area, one of the most critical actions you can take to protect your business is to make sure you have a comprehensive insurance package in place. The agents at Lakes Central Insurance Brokers are available to answer all the questions you need to be asking before deciding on an insurance package for your business. 

What type of insurance policies does my business need? 

Since no two businesses are alike, there is no one size fits all insurance policy. Depending on the nature of the company, you should consider a mixture of the following coverages.

General Liability 

General liability is one coverage that most businesses need to carry. It will protect you in the event you are sued by a third party as a result of injury or property damage. 

Professional Liability 

Professional liability is vital for businesses that provide services to clients. The coverage will protect you in the event you are sued by a client for failure to provide the services as required by the contract. 

Workers compensation 

Workers’ compensation coverage is vital for businesses that have employees. Worker compensation will cover your business in the event an employee is injured on the job. 

If you require all three coverages, you may be able to purchase a combined business policy that will bundle multiple coverages under one policy. 

What is the insurance claims process?

In the event your business suffers a loss that is covered by insurance, it is critical to know how to file a claim. The quicker you pull together the necessary paperwork to file the claim, the more quickly it will be processed, and you will receive the proceeds. 

If you are a business owner in the Crosslake or Brainerd, MN area, and are interested in learning more about an insurance package to help protect your business, reach out to an agent at Lakes Central Insurance Brokers today. 

Tips to avoid the most common homeowners’ insurance claims

While an insurance policy is a crucial tool to protect homeowners, residents of the Brainerd, MN area should also know it is essential to take various steps to prevent insurance claims in the first place. The agents at Lakes Central Insurance Brokers are happy to provide you with these crucial tips to lower the risk of a claim under your policy.

Fire

Fire is a widespread claim made under homeowners’ insurance policies. One of the best ways to help stop a fire from spreading and causing significant damage is by making sure your smoke detectors are operational. It is a good idea to check the detectors and replace the batteries twice a year. 

Theft/burglary 

Another common homeowner policy claim is theft and burglary. One of the best ways to deter burglars is by installing a security system in the house. Also, it is a good idea to have outdoor lighting. As a homeowner, it is important to be in the habit of making sure all the windows and doors are locked when you leave. 

Water damage

Water damage in homes is also a top type of claim for homeowners. If you spot a leak or see water pooling in an area, make sure to bring out a plumber immediately. A small leak can quickly turn into a more significant problem. Washer hoses are also a leading cause of water damage in a home. Homeowners should regularly check the washer hose and repair and replace it as necessary. 

Third-party liability claims 

When a third party is injured on your property, it can easily lead to a costly insurance claim. It is essential to make sure your driveway and walkways are clear from debris, so people do not fall. 

If you are a homeowner in the Brainerd, MN area and are interested in learning more about ways to reduce the likelihood of an insurance claim, please reach out to an agent at Lakes Central Insurance Brokers today.