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Business Insurance
Some coverage's we write for our customers are:
- General Liability
- Umbrella
- Property
- Tools and Equipment
- Commercial Auto
- Directors and Officers
- Professional/ E&O
- Special Events
- Workers' Compensation
- Crime
- Bonds
- Liquor Liability
- Builders Risk
- Employment Practices
- Garage Keepers
Do you know . . .
Do you know what an Additional Insured
is? By adding a company or a person as an Additional Insured to
your policy, you are granting them the same limits, benefits and
rights as you, the policyholder.
Do you know what the penalty is
for not carrying Workers' Compensation when coverage is needed?
In addition to having to reimburse up to 165% of the benefits paid,
employers can be fined over $1,000 per employee for each week they
failed to purchase coverage. Fines may accumulate depending on
the situation. If you are unsure as to whether Workers' Compensation
insurance is needed, please contact us today.
Do you know if a trailer is being
used commercially and the gross vehicle weight is over 2000 lbs.
it needs to be specifically listed on the policy to have liability
coverage?
Do you know how much you will get
paid every month if your business cannot operate? Does your current
policy provide Business Income or Extra Expense coverage? Our agents
will review the benefits of this coverage with you so you can determine
if coverage is needed.
Do you know that even truckers need
General Liability coverage?
Do you know what the purpose of
an audit is? Audits guarantee the insured has paid the correct
policy premium. Estimated figures (payroll or sales) are used to
calculate the initial premium. The policy is audited at the end
of the term and the premium is recalculated using actual numbers
from the insured's books. As a result, the insured may receive
a refund or additional premium may be due. While reviewing your
policy annually, we will adjust estimates accordingly to help prevent
large audit credits or bills.
Meeting Site Liability Insurance
Today more and more meeting sites are requiring groups to provide
premises liability insurance coverage. In the event of an accident,
legal fees and building repairs are expensive for both the property
owners and groups leasing or using meeting space. RecoverSource can protect your organization against claims arising from bodily
injury and property damage that might occur while a group is occupying
space. RecoverSource is an association dedicated to providing cost-effective
insurance for such groups.
Cost:
- March 1 - May 31st: $460
- June 1 - August 31st: $345
- Sept 1 - Nov 31st: $230
- Dec 1 - Feb 28th: $115
- Aggregate limit: $3,000,000
- Each occurrence limit: $1,000,000
- Fire Damage: $1,000,000
- Medical Payment Coverage (per person): $20,000
Enroll in RecoverSource by completing the application form and
submitting online or mailing with your payment to:
RecoverSource,
PO Box 309, Grand Rapids, MN 55744.
RecoverSource Applications:
- MEETING SITE
- SPECIAL EVENTS
Here are our Commercial Insurance Providers:
Acuity Insurance
Allied Group
Austin Mutual
Bituminous Insurance Company
Continental Western Group
Employers Mutual Insurance
Midwest Family Mutual
United Fire and Casualty
North Star Mutual
The Hartford
RTW
The Builders Group
Midwest Family Mutual
State Fund Mutual
Mid-west Medical Insurance Company
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