Protect Your Company with Missouri’s Best Business Insurance!
Owning a business is a huge accomplishment. It comes with a lot of rewards—and a huge side of responsibilities. Starting out is so exciting! You decide on a name, start marketing and branding, create your products or services, and spread the word. But underneath all that excitement is the grueling work that your friends, family, and customers don’t see. Paperwork, finances, inventory, the list seems never-ending.
One of the responsibilities that come along with owning your own business is making certain you’re properly insured. Without insurance, you risk losing everything you’ve built. But your head is spinning from having made so many decisions already.
That’s why we’re here. G&G Independent Insurance works with busy business owners to help them find coverage that protects their company while staying within their budget. Work with G&G to design an insurance package that is customized to your business needs. Let us take a load off your mind.
Types of Business Insurance in Missouri
Businesses come in all shapes, sizes, and types. And so does business insurance. Do you know what types of insurance are available for your company? Here are a few of the different insurance coverages available in Missouri:
Commercial Property Insurance
Commercial property insurance covers your company building as well as any of the ‘property’ owned. This includes physical items such as valuable documents, computers, and equipment, but also more abstract assets, like lost income from damage or interruptions. Commercial property insurance is the first line of protection against losses due to fires, vandalism, theft, and more. Learn more about obtaining commercial property insurance here!
Commercial Auto Insurance
In Missouri, any businesses that use vehicles in their operations must have commercial auto insurance coverage. Commercial auto insurance coverage is similar to personal auto insurance but is assessed differently. Note that if you use your vehicle for business purposes, you may not be covered under your personal auto insurance for any accidents that occur while driving for your business. Commercial auto insurance often includes the option for you to add protection for employees driving personal vehicles for business use. For a more comprehensive look at commercial auto insurance, visit our Commercial Auto Insurance page.
Commercial Umbrella Insurance
You’ve got your business insurance so you’re all good right? Well, maybe not. Sometimes a business’s losses are greater than the coverage of their commercial insurance plan. This can result in devastating consequences for a business, especially small businesses that can’t afford to fight large lawsuits or cover other unexpected expenses. Commercial umbrella insurance is a catch-all to protect you where your regular coverage might meet its limit. Contact G&G Insurance today to see if your small business could benefit from commercial umbrella insurance.
For more on the types of business insurance services offered in Missouri by G&G Insurance, visit our Commercial Insurance page. To learn more about business insurance in Missouri, check out the Missouri Department of Insurance.
What Business Insurance Do I Need in Missouri?
In Missouri, only one type of insurance is required for businesses. Any business with five or more employees (excepting contractors who are required with just one or more employees) must hold worker’s compensation insurance. Worker’s compensation must be paid by the employer, and no part is allowed to be covered by employees. Without worker’s compensation, your business may face state penalties and lose protections.
Any company-owned vehicles are required to have commercial auto insurance. The minimums are $25,000 for property damage liability per accident, $25, 000 bodily injury liability per person, and $50,000 bodily injury liability per accident. Missouri also requires uninsured motorist coverage in case of an accident that is caused by an uninsured or unidentified driver.
It’s also recommended that you purchase commercial auto insurance if employees are driving personal vehicles for business use, as personal auto insurance often does not cover business use of a personal vehicle.
How Much Does Business Insurance Cost in Missouri?
Unfortunately, because there’s no one-size-fits-all insurance policy for businesses in Missouri, there’s no straight answer to how much business insurance will cost you. Costs change based on the size of your company, the location, the scale, the products and services offered, and more. If you’re running a mom-and-pop coffee shop with a handful of employees, you can expect your insurance rates to be vastly different from a 200-room hotel across the state with a lively restaurant and bar attached.
G&G Independent Insurance can help you discover rates that pertain to your particular business. With a vast network of companies to choose from, G&G will help you find affordable and quality coverage suited to your company’s needs
Why Choose G&G Independent Insurance?
G&G Independent Insurance is committed to helping you build a customized business insurance plan. We work with your company to determine insurance needs and identify factors that may affect your premiums and risk factors. We provide consulting and guidance through every step of the process.
As an independent agency, G&G is not tied to any one insurance company. We’re able to give you an unbiased look at policies from over 50 different companies. Our star agents are experienced with a variety of companies and are ready to help you find exactly what you’re looking for. For more information on G&G, visit our About Page!
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