Category: Commercial Insurance

Sometimes, a company may face a customer who requests business insurance beyond its usual coverage. These situations can be easily managed with the assistance of your commercial insurance agent. At Kriener Insurance in Woodbury, MN, we aid our clients in obtaining the commercial insurance coverage they require.

Instances Where Additional Insurance Coverage May Be Required

A customer you’re doing business with may require additional insurance coverage as part of a contract. These customers often work with various contractors on a project and believe that extra insurance helps safeguard their interests or those of their clients. Instead of $1 million in coverage, they might request $2 million. They may also ask for additional commercial vehicle insurance to cover accidents related to a specific project. Depending on the project’s requirements, some customers may need unique insurance types.

Your Insurance Agent Can Assist You in Obtaining the Necessary Coverage

Your insurance agent can support you when unusual circumstances necessitate additional commercial liability coverage for your business. Whether your customer wants to be added to your current insurance policy, needs extra liability coverage to prevent loss in case of property damage, or requires a special kind of insurance, we can guide you through the process in a straightforward and timely manner.

Choose Kriener Insurance for Your Commercial Insurance Needs

Your commercial insurance coverage can vary from job to job and customer to customer. We can assist with detailed information and prompt service when you have questions or additional needs. Contact Kriener Insurance in Woodbury, MN for a no-obligation quote on commercial insurance coverage to meet your customers’ specific requirements.

How Commercial Insurance Can Aid in Equipment Replacement

Here at Kriener Insurance, based in Woodbury, MN, we understand the concerns faced by business owners when it comes to replacing stolen equipment. Often, the major obstacle in compensating for such losses is insufficient funds. Insurance policies vary significantly, but certain plans may assist business owners in bearing these costs, as defined by the policy’s terms and within its limits.

Can Commercial Insurance Cover the Replacement of Stolen Equipment?

While a blanket answer doesn’t exist due to the diversity of insurance plans, some commercial insurance policies will cover the expenses of replacing stolen equipment provided certain stipulations are met. Commercial insurance typically won’t cover the stolen equipment if its value is not part of the business or its value exceeds the policy’s limits. However, if the terms of your policy cater to such a scenario, the costs of replacing stolen equipment may be partly covered.

If your business equipment is stolen, adhere to all prerequisites when filing a claim. If you’re uncertain whether your stolen equipment is covered under your commercial insurance, you can reach out to insurance professionals. As experts in the field, they would be pleased to guide you.

If you want information on the scope of commercial insurance coverage, contact Kriener Insurance in Woodbury, MN. Our team would relish the chance to illustrate how commercial insurance can shield your business against theft, liability, and more.

When you own a business that relies on vehicles, commercial auto insurance is essential to protecting your company. Commercial auto insurance is designed to cover any vehicles that are owned or used by a business for commercial purposes. This type of insurance policy provides coverage for bodily injury liability and property damage that may occur while you or an employee is using a vehicle for your business.

Customized Options

One of the main advantages of commercial auto insurance is that we can tailor it to the specific needs of your business. One example is if your business provides delivery services, in which case you may need coverage for goods in transit. Another example is that a construction company may need coverage for the tools and equipment they transport in their vehicles. Commercial auto insurance can also provide coverage for rental vehicles, non-owned vehicles, and other situations that may arise while operating your business.

Lawsuit Coverage and Medical Payments

In addition to providing for physical damage liability, commercial auto insurance can also help protect your business financially in case of a lawsuit. If one of your employees is involved in an accident while driving a company vehicle and is found to be at fault for the accident, the injured party might file a lawsuit against your business. If that happens, your commercial auto insurance can help cover the costs of settlements, legal fees, and other expenses from the lawsuit.

Car accidents can cause serious injuries and lead to costly medical bills for both you and others involved in a crash. Luckily, commercial auto insurance policies can help protect these expenses. In the event of an accident, your policy may cover lost wages and medical costs. If you own a business that relies on vehicles, having commercial auto insurance can give you peace of mind knowing that your business and employees are protected.

About Us

At Kriener Insurance, serving the Woodbury, MN area, we have extensive experience in the industry and have gained a wealth of knowledge needed from meeting people from all walks of life. We find great joy and fulfillment in working directly with individuals and businesses to provide them with their insurance needs.

If you’re looking for reliable commercial auto insurance, look no further than Kriener Insurance. The experts at Kriener Insurance understand that every business has unique insurance needs, and we’re dedicated to finding the perfect policy for you. Don’t wait until it’s too late – contact Kriener Insurance today to protect your assets and company vehicles.

Kriener Insurance is the commercial insurance partner business owners in the Woodbury, MN area can rely on. If it’s been a while since you have taken a close look at your company’s commercial policy, now is a great time to do so. Contact our team with any questions that you may have!

Signs it may be time to upgrade your commercial policy

If you have been in business for a while, your company has likely gone through a number of changes over the years. These changes can have an effect on your bottom line as well as your insurance needs. These signs below are just a few of the many indicators that it’s time to upgrade your firm’s commercial policy. Now is a great time to fully review your insurance needs!

1. You have made a large purchase, such as heavy equipment or machinery. Equipment replacement costs can add up quickly! Be sure your policy provides an adequate level of coverage.
2. The company is now carrying a larger amount of inventory. If you have more inventory on hand, you also have a higher level of exposure that needs to be protected.
3. The firm’s liability needs have increased due to higher revenues and a larger number of employees. As a firm grows, its need for liability protection often increases as well. If your needs exceed your current policy, an umbrella insurance policy is often an effective solution.

We look forward to working with you!

Business owners in the Woodbury, MN area can turn to the team at Kriener Insurance for all of their commercial insurance needs. If it’s time to upgrade your commercial policy, we are here to help. Give our office a call today and schedule a consultation.

Business owners in Minnesota have certain requirements when it comes to commercial insurance. It doesn’t matter whether you are a small business owner or a large business owner; when it comes to commercial insurance you are all businesses. At Kriener Insurance in Woodbury, MN, we know just how risky it is to own a business and how many businesses fail. We work with our customers to make sure they have the right commercial insurance so that they can survive no matter what hazard hits them.

Commercial Insurance Requirements

In Minnesota, the only mandated commercial insurance is workers’ compensation. If your business has any employees, they need to be covered by workers comp either through an insurance policy or through self-insurance. This protects your employees but it also protects you from being sued by an injured employee. 

Businesses are required just as any vehicle owner is in the state of Minnesota to have the mandated amount of auto insurance. 

There are other types of commercial insurance that are not required but are a very good idea for any business to have. Commercial liability and property insurance are both very helpful in the event your business runs into any covered issues. 

Commercial property insurance will protect the business building if you own it but it also protects the content of the building, which may include things like machinery, office equipment, electronics, raw materials, tools, inventory, and display units. Basically, the things you use to run your business. 

Commercial liability insurance will help protect your business from the results of legal action against you. You may not want to think about it, but up to 35% of businesses get sued in any given year, which means the risk to you is real. 

Contact Kriener Insurance in Woodbury, MN when you have questions or are in the market for new commercial insurance. 

Business owners all over the Woodbury, MN area can continue to find that it is a good place to be their own boss and own a business. If you are going to start a business in this area of the state, you can be quite successful if you continue to be diligent and protect your business. A proper commercial insurance plan can be a great way for someone to protect their company.

Insurance Offers Liability Risk Protection

A key reason why commercial insurance can protect a business is that it can mitigate your liability risk. Business owners should be aware that they will take on the risk of a liability claim regularly. As this could hurt your company and even threaten insolvency, mitigating this risk is important. With a full commercial insurance plan, you will get the protection needed to offset this business risk.

Insurance Covers Business Assets

You can also benefit by getting a commercial insurance plan because it can help to protect business assets. Those who would like to build a business will have to invest in assets for the company. As these assets are crucial and necessary, protecting them is important. With a commercial coverage plan, you can get the protection you need to repair or even replace these assets. 

When you are going to own a business in the Woodbury, MN area, it is imperative to protect your company with commercial insurance. A great company to speak with when you are assessing your insurance needs is Kriener Insurance. The insurance team with Kriener Insurance can help you better assess your business’s insurance needs. They can then offer the guidance that you need to build a commercial insurance plan that will properly protect your organization. 

If your business is operating without commercial insurance, chances are you don’t understand commercial insurance and the safety net it provides for your business. Owning a business can be risky for many reasons, but with commercial insurance, you can mitigate many of the risks. If you want to find out more about the benefits of commercial insurance, the knowledgeable staff at Kriener Insurance in Woodbury, MN is there to answer any questions you may have. 

Commercial property insurance

You do everything you can to protect your business, but you can’t control some of the hazards that affect your business. Commercial property insurance helps you to survive natural disasters, fires, theft, and vandalism. If you own the building, it will cover that, but it covers your inventory, office equipment, raw materials, machines, and records even if you don’t.  

Commercial liability insurance

Any business is vulnerable to legal action against them. Both judgments and legal expenses can be high. Liability insurance helps you to survive being sued. 

Commercial auto insurance

If your business owns a vehicle, it should be covered by commercial auto insurance. Personal auto insurance may not cover the business use of your vehicle and leave you uninsured. 

Business interruption insurance

When disaster strikes, you may not be able to continue in business. Your expenses, however, will continue, and with business interruption insurance, you will receive the money it needs to continue to pay bills and salaries until everything is restored. 

Workers compensation

In Minnesota, every employer, no matter how many employees they have, is required to have workers compensation insurance or prove that they have the financial ability to self insure. 

Now that you know what commercial insurance has to offer, it’s time to talk to Kriener Insurance in Woodbury, MN to discuss how your business could benefit from commercial insurance. Give us a call or stop at our office to get your no-obligation quote. 

St. Paul and Woodbury, MN are very popular areas for anyone that want a community that has a robust local economy. While this can make it a great place to live, it is also a great place to start a business. Anyone that is looking to start a business in this area of Minnesota needs to make sure that they are adequately covered by insurance. There are several reasons why a company should invest in a commercial insurance policy. 

Protects Company Assets

One reason why a company owner in Minnesota needs to have commercial insurance is that it will protect your company assets. Business owners will have to invest in some assets to keep their company moving. If you are going to invest in multiple assets, you should make sure that they are protected. A commercial insurance policy will give you the coverage that you need to ensure they are protected. 

Ensures Liability Coverage

A business owner is going to take on risk when they sell a product or service. If you are found liable for any type of accident, it could lead to a significant liability concern. When you are going to start a company, making sure that you are protected from this liability is very important. The best way that you can do this is by getting a commercial insurance policy, as it will include a liability insurance policy. 

If you are a business owner in the St. Paul or Woodbury, MN area and are in need of commercial insurance, you should reach out to the team at Kriener Insurance. The insurance team at Kriener Insurance can help you to determine all of the risks that your business is facing. We can then help you find a policy that mitigates these as much as possible.