Business Insurance
Business Insurance Basics
Business insurance helps protect your assets, employees, and livelihood. Also known as commercial insurance, it’s usually a collection of policies that work together to protect against a variety of losses. Different types of businesses require different coverage and there are several types. But, don’t worry. We’ll help explain the details and search for coverage that fits your needs and budget. Contact us or request quotes to get started.
Business Insurance Coverage
General Liability
Covers bodily injury, property damage, or advertising injury caused by your operations, products, or services.
Commercial Property
Covers damage to your building(s), business personal property, signs, inventory, and other property.
Commercial Auto
Covers vehicles used in your business operations and employees while driving for work.
Worker’s Compensation
Covers medical expenses and lost wages for employees that are injured or made ill in the course of their work.
BOP
Packages together several lines of commercial coverage in one policy to provide broad protection for small businesses.
Inland Marine
Covers tools and equipment that travel with you for work.
Professional Liability
Covers errors, omissions, or negligent acts made in the process of providing a professional service.
Cyber
Covers costs associated with a cyberattack or data breach, including data recovery and notification costs.
Business Insurance Discounts
Good loss history
Safe drivers
Pay in full
Safety program
Package
And more
South Dakota Worker’s Comp Insurance
South Dakota is unique in that it doesn’t have a state law requiring worker’s compensation insurance. However, while not mandatory, it’s highly recommended for all employers. Without worker’s compensation, your business could be sued in court if an employee is injured on the job. Worker’s compensation offers crucial coverage, providing financial support for your employees’ medical expenses and lost wages, and protecting your business from potential lawsuits.
Source: South Dakota Dept. of Labor & Regulation
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