Smart Insurance Moves for Minnesota Small Businesses

Small businesses are the backbone of Minnesota’s economy, but they also face unique risks—from property damage and lawsuits to cyber threats and employee injuries. At National Insurance Brokers – Hice Agency, we focus on customized insurance solutions that shield local entrepreneurs from unexpected losses and help them thrive.

Our goal is not just to sell policies—but to understand your enterprise, assess liabilities, and craft a suite of protections tailored to your needs, helping ensure operational resilience and peace of mind.

1. General Liability Insurance

Every small business interacts with customers—whether on-premises or via services. General liability insurance offers protection for:

• Bodily injury (e.g., a customer slip-and-fall)
• Property damage (e.g., spilling paint on a client’s floor)
• Personal/advertising injury (e.g., accusations of copyright infringement)

This coverage helps you respond swiftly—without draining your resources.

2. Property and Equipment Coverage

From storefronts to Wi-Fi routers and commercial vehicles, assets are vulnerable. Property insurance covers:

• Physical structures and inventory
• Losses from fire, windstorms, or vandalism
• Equipment breakdowns and theft

Without it, a stolen laptop or damaged copier could shut you down—or derail growth plans.

3. Business Interruption Insurance

A covered event—say a fire or flood—can force your business to pause. Business interruption insurance replaces lost income and covers ongoing expenses like rent and utilities. It helps protect your stability and reputation while you recover.

4. Professional Liability (E&O)

Service-based businesses (consultants, accountants, contractors) need protection for advice that may lead to damages. Errors & omissions coverage helps defend—or settle—claims of professional neglect or misrepresentation.

5. Workers’ Compensation

In Minnesota, employers are required to carry workers’ compensation insurance for staff. This coverage handles:

• Medical expenses
• Lost wages
• Rehabilitation services

It protects both employees and business owners in case of work-related injuries.

6. Commercial Auto & Fleet Coverage

From delivery vans to employee-use vehicles, commercial automotive risks are different from personal vehicles. This coverage handles accidents, theft, and liability—specifically related to business use.

7. Specialty & Supplementary Policies

Depending on your industry, you may need:

• Cyber Liability: Data breaches and ransomware
• Employment Practices Liability: Discrimination or harassment claims
• Inland Marine: Tools, equipment on the move
• Recreational Vehicle Insurance: For campgrounds or recreational business use

These niche policies can fill critical risk gaps that general coverage may not.

8. Bundle & Compare Carriers

As an independent agency representing over 40 carriers, National Insurance Brokers compares multiple quotes to find:

• Competitive pricing
• Broader protections
• Enhanced service (e.g., quick claims handling)

We advocate for you—not the insurance companies—while offering tailored solutions.

9. Risk Management & Consultative Services

Insurance is the foundation—but prevention reduces claims. We assist businesses with:

• Safety audits and loss-prevention checks
• Employee training programs (e.g., forklift safety, tool use)
• Contract review for indemnity or liability language

We’re with you before and after any incident, helping maintain smooth operations.

10. How to Get Started

1. Free business review to assess exposures
2. Coverage comparison from multiple carriers
3. Affordable bundle recommendations for best value
4. Policy implementation & periodic review

Our goal: maintain your cost structure while ensuring you’re covered for new challenges.

Final Takeaway

Protecting your small business is both smart and strategic. A tailored insurance strategy built on scalable, relevant coverage gives Minnesota entrepreneurs the confidence to innovate and grow—knowing they’re shielded from life’s surprises. Business Insurance resources.

If you’d like help evaluating your business coverage or identifying cost-effective policy bundles, feel free to contact National Insurance Brokers – Hice Agency—they’re ready to support your growth with smart protection.