In the modern business world, risk management is of primary concern. Businesses are becoming more dependent on the use of technology and data, which makes them vulnerable to cyber threats, i.e., data breaches, hacking, etc. Max Insurance LLC in Des Moines, IA area’s cyber liability insurance can protect businesses from cyber-related incidents.

Key Aspects of Cyber Liability Insurance

Cyber liability insurance offers businesses financial protection and support after a cyber event, which includes-

Data Breaches

• Covers expenses associated with the notification of and credit monitoring services offered to those impacted by the data breach.
• Assists in the management of any damage to the company’s reputation caused by the breach.

Business Interruption/ Data Restoration

• Covers the loss of income loss (or additional expenses) due to business disruptions caused by a cyber event.
• Covers costs related to restoring/recreating damaged/lost data.

Regulatory Violations/Fines

Helps to reimburse insured companies for fines/penalties imposed by regulatory authorities for non-compliance.

Cyber Extortion

Protection against extortion attempts caused by ransomware attacks, etc.

Cybercrime Coverage

• Covers losses resulting from deceptive practices, like phishing attacks.
• Protects against fraudulent transfer of funds from a cyber incident.

Legal Fees

Covers legal expenses should a third party sue a business due to a cyber event.

It’s crucial to understand –

• Policy exclusions and limitations. Exclusions may include intentional and criminal acts, war, and certain types of data breaches.
• Policy limits and deductibles.

Contact Us Today

As cyber threats evolve, it’s important to review your cyber liability insurance coverage to ensure the policy is effective against new/emerging risks. By working with an insurance professional at Max Insurance LLC, you are ready for unforeseen business challenges in Des Moines, IA. 

If you own a business, you likely need equipment to help perform daily tasks. Equipment can be a tremendous business asset, so you need the right insurance policy to protect those investments. If you would like to learn more about commercial insurance and what it can cover, you can trust the professionals at Max Insurance LLC to provide quality insurance products and customer service support to the residents of Des Moines, IA.

Commercial Insurance Protection 

The right insurance policy will cover your essential office equipment and other supplies, such as inventory. Getting the right insurance policy in place is the best way to prevent loss due to covered risks. If you need assistance finding out which policy options best meet your business needs, our insurance agents can help. We take the time to learn about each client’s situation and match them with policies that deliver the best protection. Once the customer chooses a policy, we collect the information necessary to secure the policy right away. We’ll also assist with any claims or changes the customer needs to make over the policy’s lifetime. We aim to provide the best customer service and insurance products, so business owners can have security and peace of mind.

Reach Out to Us Today

Having the right insurance policy is essential. We would love to assist you if you would like to learn more about commercial policy options. Please reach out to us today by calling or stopping by the office of Max Insurance LLC, serving the residents of Des Moines, IA. Don’t take chances with your business coverage. Get the professional support that our team of knowledgeable insurance agents can provide for you and your business.

Business owners need to understand all the important details of their commercial insurance policy. Max Insurance LLC insures companies in Des Moines, IA. We can assist you with meeting your insurance needs.

The following are four commercial insurance details that you shouldn’t overlook:

Types of coverage your policy includes

When you buy commercial insurance, there are many types of coverage from which you’ll need to choose.

You must determine the insurance needs of your company to decide on which types of coverage to purchase. Basic commercial insurance policies typically include commercial liability coverage. You’ll also decide if you need coverage types like commercial property, commercial auto, workers’ compensation, and business interruption insurance. 

Comparing quotes

Getting quotes from different commercial insurance providers will help you to find competitive premiums. It’s important for you to work your premium costs into the budget. This will help you to manage the cash flow at your company. 

Coverage limits

As with most other types of insurance, commercial insurance will only cover you up to certain coverage limits. You’ll have the option to choose how much coverage you want to invest in.

The higher your coverage limits are, the more costly your commercial insurance will be. Ideally, you should have enough coverage to protect all of your company’s assets. 

Deductible costs

Make sure that the deductibles on your policy will be affordable for your company to pay in the event of a claim. You’ll need to pay the deductible amount before your commercial insurance kicks in and begin paying for additional expenses. 

Reach Out To Us

Do you need to insure your business in Des Moines, IA? Our commercial insurance policies can protect your livelihood and give you peace of mind. Get in touch with us at Max Insurance LLC for a policy quote. 

When you contact Max Insurance LLC to update or renew your commercial insurance for your Des Moines, IA business, we’ll suggest a commercial insurance audit. Don’t worry, it differs completely from an IRS audit and won’t cost you anything extra to undergo.

Commercial Insurance Audits Are Free

When you undergo a commercial insurance audit with your insurance agent, you participate in an interview with the agent. We ask you questions about your business, location, processes, and procedures to determine its most important coverage types.

Many things change from the first time you purchase insurance and first start your business. Your expansion could require a different type of insurance than you already own. A change in product or services could have the same effect. Even changing your business location could affect your insurance needs.

The results of an audit could save you money in the short term and the long term. If you need to add a new type of insurance, you’ll still save money in the long term because whatever it covers, would not receive coverage under any other type of policy. Commercial insurance uses specific policies to avoid crossover. That means that with the specialty policy, you would pay some premiums along the way, but if an insured event occurred, you would have coverage for it, and insurance would pay for it.

Examples of Coverage Changes

If you moved from a building with plate glass windows to one with no windows or plastic windows, you would no longer need glass insurance. You would drop a policy.

If you started delivering pizzas from your restaurant, you would need to add commercial auto insurance to your insurance package.

If you added a consumer product to your service-based business, you would need to add errors and omissions (E&O) insurance to your package.

Conversely, if you stopped making consumer products and moved to a service-based business, you would no longer need E&O insurance, assuming a recall on existing products.

Contact Us Today

Call or email Max Insurance LLC serving Des Moines, IA, to get started on your commercial insurance audit. Let us help you protect your financial security and your business’s future.

When you contact Max Insurance LLC to update or renew your commercial insurance for your Des Moines, IA business, we’ll suggest a commercial insurance audit. Don’t worry, it differs completely from an IRS audit and won’t cost you anything extra to undergo.

Commercial Insurance Audits Are Free

When you undergo a commercial insurance audit with your insurance agent, you participate in an interview with the agent. We ask you questions about your business, location, processes, and procedures to determine its most important coverage types.

Many things change from the first time you purchase insurance and first start your business. Your expansion could require a different type of insurance than you already own. A change in product or services could have the same effect. Even changing your business location could affect your insurance needs.

The results of an audit could save you money in the short term and the long term. If you need to add a new type of insurance, you’ll still save money in the long term because whatever it covers, would not receive coverage under any other type of policy. Commercial insurance uses specific policies to avoid crossover. That means that with the specialty policy, you would pay some premiums along the way, but if an insured event occurred, you would have coverage for it, and insurance would pay for it.

Examples of Coverage Changes

If you moved from a building with plate glass windows to one with no windows or plastic windows, you would no longer need glass insurance. You would drop a policy.

If you started delivering pizzas from your restaurant, you would need to add commercial auto insurance to your insurance package.

If you added a consumer product to your service-based business, you would need to add errors and omissions (E&O) insurance to your package.

Conversely, if you stopped making consumer products and moved to a service-based business, you would no longer need E&O insurance, assuming a recall on existing products.

Contact Us Today

Call or email Max Insurance LLC serving Des Moines, IA, to get started on your commercial insurance audit. Let us help you protect your financial security and your business’s future.

At Max Insurance LLC, serving the greater Des Moines, IA area, we have had many small business owners approach us with questions pertaining to commercial insurance. It is not uncommon for business owners to think that one commercial insurance policy will meet all of their business needs. However, the term commercial insurance refers to many insurance products, not just one.

Here are a few of the most common types of commercial insurance products:

Commercial Property Insurance

One of the most common types of commercial insurance products is commercial property insurance. If you own a commercial property, you should have commercial property insurance. This type of insurance is pretty similar to home insurance, except for the obvious that it applies to a commercial building and not a home. 

Commercial Auto Insurance

Another common type of commercial insurance product is commercial auto insurance. If you own one or more vehicles that are used for commercial or business reasons, you need to purchase commercial auto insurance. Just like standard insurance, there are different types of commercial auto insurance, including comprehensive and collision.

Business Interruption Insurance

The final common type of commercial insurance product that is sold is business interruption insurance. There are many reasons why your business may be interrupted, including a burst pipe in your building, a natural disaster, or a health pandemic. If your business has to shut down, business interruption insurance helps to provide money so you can continue paying your employees, your rent, and other bills your business may have when your business is forced to be closed. 

Contact Us Today

Every business is different, and as such, the insurance products that one company may need can vary from the insurance products that another company may need. Here at Max Insurance LLC, we can help Des Moines, IA business owners find the best commercial insurance products for their needs. Call or email us to learn more or to obtain new commercial insurance policies. 

If you are a business owner in the greater Des Moines, IA community, it is imperative that you have proper insurance in place. Commercial insurance provides protection to you, your employees, and your customers. At Max Insurance LLC we can help you find the perfect policy. Keep reading to learn more. 

Do I Need Commercial Insurance?

Yes, if you are a business owner, you will need certain types of insurance in place. A commercial insurance policy will bundle these insurance coverages together to make your life easier. 

What If I Don’t Have Insurance?

If you do not have commercial insurance in place, you risk your company. Certain types of events could devastate your business financially. These include property damage, property loss, employee injuries, customer liability lawsuits, and more. Any of these events could result in huge expenses and even legal actions against your business. 

A solid commercial insurance policy can protect you from these types of expenses and risks. 

What Does Commercial Insurance Cover?

Commercial insurance will provide coverage in the following areas:

• Property damage– If your property is damaged or lost due to fire, natural disasters, or burglary, the insurance policy will pay for repairs. If you do not have insurance in place, these expenses fall to you. 
• Liability coverage is very important if you want to protect yourself from legal actions. If an employee or customer is hurt because of your goods or services or on your property, they can take legal action against you. This can get expensive. Liability insurance can help pay for these types of expenses. 

Get Commercial Insurance Today

If you would like to learn more about our services, please contact us at Max Insurance LLC, serving Des Moines, IA and the surrounding areas. We will be happy to help you.  

When you contact Max Insurance LLC about commercial insurance policies for your Des Moines, IA business, you can handily obtain the four most necessary policies in one fell swoop with a business owner’s policy (BOP).

What is a business owner’s policy?

So, what’s in a BOP? It contains coverage for:

• business interruption,
• peril,
• property damage,
• liability.

How They Work Together

Liability insurance does its own thing. It protects your business from financial loss caused by an accident that injures any person on your business property. When an injury occurs at your place of business, you assume responsibility for it. Carrying insurance can often help you avoid going to court because the injured can file a claim and receive compensation directly from your insurance company.

While liability functions on its own, many businesses need to use the other three policies in a BOP all at once. When a named peril, such as fire or tornado, occurs, the peril insurance kicks in and pays for structural damage caused by the peril.

This typically means the business also incurs property damage, since if a tornado rips off your roof, your office equipment gets exposed to rain and wind. This component of the BOP pays for the replacement of the equipment, office furniture, etc.

The business interruption policy reimburses your business for the days or weeks it must close due to the structural damage and lack of equipment. This coverage lets you continue to pay your employees and yourself.

Contact Us Today to Purchase Your BOP

Let Max Insurance LLC help you protect your Des Moines, IA business from loss. Contact us today about obtaining a BOP for your small business.

If you own a small business where your primary revenue is generated by offering a service, displeased clients can cause irreparable harm. Luckily, you can protect your livelihood with professional liability insurance. In short, professional liability insurance – or Errors and Omissions (E & O) – protects your business from the costs tied to a lawsuit by a client alleging shoddy work.

Benefits of Professional Liability Insurance 

If your client or customer believes that your negligence directly led to financial harm, they can take legal action against you and your business to recover from their losses. Consequently, professional liability insurance covers the following types of work-related issues:

• Missed deadlines
• Undelivered services
• Budget overages
• Work errors
• Breach of contract
• Negligence

Depending on the type of business you own – such as lawyers, doctors, or other medical professionals – you may be required to have professional liability coverage. At Max Insurance LLC in Des Moines, IA, we can help you understand your options and answer regulatory requirement questions.

Your commercial insurance policy likely includes general liability insurance, which may leave you wondering when additional professional liability coverage is needed. The short answer is that your general liability insurance policy covers you and your business from third-party claims such as bodily injury, property damage, and product liability. In addition to professional liability insurance, small businesses in Des Moines, IA and throughout the state are legally required to have commercial auto insurance on all business-owned vehicles and workers’ compensation injury if they employ one or more individuals. 

Contact Us Today

To learn more about commercial insurance and how it can help safeguard your business, give the professionals at Max Insurance LLC a call to schedule a no obligations consultation with a friendly and knowledgeable member of our team. 

 

Small businesses make up 99 % of all businesses. A small business is defined as one with less than 100 employees. The reality is that most small businesses have 5 employees or fewer. When you are a small business owner, it doesn’t take too much to derail your business and force you to close your doors. Having the right commercial insurance can offer you the protection that you need to survive. At Max Insurance LLC in Des Moines, IA, we make it our business to know your business and recommend the best coverage for your business. 

Trying to keep your business thriving is not easy. If you get hit with a major hazard like a fire or busted pipe, it can put you out of business temporarily. If you don’t have commercial property insurance to help repair or replace your equipment, it can become permanent. Even if you are a renter, there are lots of ways this insurance can help keep your business going. It protects all the things you need to do business, like tools, machines, inventory, raw materials, and office equipment. 

Commercial liability insurance protects your business in the event you are sued. Since about half of all businesses will be sued in any given year, your chances are pretty high that you will be sued at some point. Insurance will pay for the legal fees and the judgment up to the limit of your policy. If you don’t have this insurance, you will be liable for the money and it may cause your business to close its doors. 

Business interruption insurance can be a real business saver. It supplies the money that you need to operate if you can’t be open. Your bills don’t stop just because your income does. While it doesn’t cover everything eventuality, it does cover many. Read your policy. 

Contact Max Insurance LLC in Des Moines, IA for business insurance information.