Business Insurance & Professional Liability Insurance Bismarck, ND
Business Insurance
Your business is your way of life. Kramer Agency can help safeguard it.
Starting a business will unlock your business ownership dream and exposes you to numerous risks like fire, theft, employee accidents, and so on. Thankfully, you don’t have to stress about business risks since Business Insurance exists to cushion businesses. Whether you are a small, medium, or large-sized company in North Dakota, Business Insurance is a must-have investment. Kramer Agency in Bismarck, ND can help.
Mandatory Business Insurance coverages in North Dakota
The law in North Dakota requires businesses to carry worker’s comp insurance. This insurance protects your workers from illnesses and injuries sustained in the workplace. Besides, this coverage helps cover partial loss of income when the employee can’t resume work due to the injuries sustained.
Furthermore, commercial auto insurance is mandatory for business vehicles. Whether you use your cars to run errands, carry goods, or conduct site inspections, you must purchase commercial auto insurance to protect your driver and the vehicle.
Optional Business Insurance coverages
Most business owners in North Dakota purchase additional business insurance coverages to provide optimal protection to their businesses. Some optional business insurance options to consider include:
- Liability coverage: This insurance policy comes in handy in shielding your business against liabilities such as advertising injury, bodily injury, and property damage caused to others.
- Commercial property coverage: It protects your business premises and contents from perils like fire, vandalism, theft, and certain natural disasters.
- Business owner’s policy (BOP): It combines the above two coverages for affordability and convenience.
- Cyber liability: It’s suitable for online-based businesses and those businesses that store sensitive data on behalf of their clients. It protects your company against malicious online activities like hacking.
- Professional liability insurance: It protects your business against alleged negligence and missed deadlines. It’s suitable for businesses like accounting, auditing, and legal, whose professional advice is relied upon by stakeholders to make crucial decisions.
Professional Liability Insurance
When things don't go right, save yourself from legal fees.
As a business owner in North Dakota, it is essential to make the right investments to protect your business in all situations. For those businesses that provide services to clients where negligence claims can be made, it is good to carry professional liability insurance. If you have a business in or around Bismarck, ND, Kramer Agency has a professional liability insurance policy for you.
What is Professional Liability Insurance?
This policy is a type of Business Insurance policy designed to protect your employees and business assets if you are sued for negligence by one of your clients. Cases where a service is provided, but the client claims that there is financial or physical damage due to the service. The following types of businesses benefit the most from professional liability insurance:
- Contracted services provided to clients
- Advising clients in terms of finances, legal terms, or physical fitness
- Professional industries
Personal Injury
One of the most common claims for professional liability is at the hands of a plaintiff who has suffered a personal injury. This injury references their own personal character, suing for slander or libel.
Negligence
If your client depends on you to provide steady financial or legal advice, then it is essential to stay ahead of these situations. If you have a client that has suffered losses due to your company's negligence in service, you need professional liability coverage.
Infringing on Copyrights
If any mistakes or law issues develop with copyrights of your clients or misunderstandings, you can use this policy for protection if you are sued.
Get Your Business and/or Liability Insurance Policy Today!
Would you like to protect your business with Business Insurance? Do not hesitate to get in touch with Kramer Agency in Bismarck, ND! Let’s take care of your insurance needs as you concentrate on more pressing business matters. While the state of North Dakota may not require professional liability insurance, other business owners who this policy has saved will swear by it. If you have a business, contact our agents at Kramer Agency today for more information.
