Small Business Insurance in the Minneapolis Metro: Getting Started

Business Insurance for Minneapolis Metro Small Businesses

Starting or running a small business in the Twin Cities? Here's what you need to know about protecting your business.

Essential Coverage Types

#### General Liability Insurance

Protects against:

• Customer injuries on your premises
• Property damage you cause
• Advertising injury claims

Typical cost: $500-$2,000/year for small businesses

#### Commercial Property Insurance

Covers:

• Your business property and equipment
• Inventory and supplies
• Signage and fixtures

#### Business Owner's Policy (BOP)

A BOP bundles general liability and property coverage at a discount. It's ideal for:

• Retail stores
• Offices and professional services
• Restaurants and cafes
• Service businesses

#### Workers' Compensation

Required in Minnesota if you have employees. Covers:

• Medical expenses for work injuries
• Lost wages during recovery
• Legal protection for your business

Industry-Specific Coverage

• Builder's risk
• Tools and equipment coverage
• Completed operations liability

• Food spoilage coverage
• Liquor liability
• Equipment breakdown

• Professional liability (E&O)
• Cyber liability
• Data breach coverage

Getting Started

1. Identify your main risks
2. Determine required coverage (workers' comp, etc.)
3. Consider a BOP for bundled savings
4. Add specialized coverage as needed

Minneapolis Metro Business Resources

• Minnesota Department of Employment and Economic Development (DEED)
• Minneapolis Regional Chamber of Commerce
• Small Business Development Centers (SBDC)

Ready to protect your business? Get a business insurance quote or call (651) 255-0012.