Young & Associates Insurance specializes in Business Auto, General Liability, and Workers Compensation Insurance in Duluth, Superior, Hermantown, Proctor and surrounding areas in Minnesota and Wisconsin.
Looking for coverage? Quickly and easily submit an application for a business insurance quote! We will design a custom, comprehensive protection program to fit your unique needs...always looking for the best value.
Business Auto Insurance
As a business owner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel -- liability, collision and comprehensive, medical payments (known as personal injury protection in Minnesota) and coverage for uninsured and underinsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the "principal insured" rather than your name. This will avoid possible confusion in the event that you need to file a claim or a claim is filed against you.
How do I know if I need a business auto insurance policy?
This will depend on the kind of driving you do. We will ask you many details about how you use vehicles in your business, who will be driving them and whether employees, if you have them, are likely to be driving their own cars for your business.
While the major coverages are the same, a business auto insurance policy differs from a personal auto insurance policy in many technical respects. Ask your Young & Associates Insurance agent to explain all the differences and options.
General Liability Insurance
Unfortunately for every business owner, the chances of getting sued have dramatically increased in the last decade. General liability insurance can prevent a legal suit from turning into a financial disaster by providing financial protection in case your business is ever sued or held legally responsible for some injury or damage.
General liability pays losses arising from real or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations.
General Liability Insurance offers a Broad Range of Protection.
The liability programs we offer at Young & Associates Insurance extend far beyond the provisions of typical policies, with broadened coverage and increased limits in over 30 areas.
- Bodily Injury, including the cost of care, the loss of services, and the restitution for any death that results from injury.
- Property Damage coverage for the physical damage to property of others or the loss of use of that property.
- Products-Completed Operations provides liability protection (damages and legal expenses up to your policy's limit) if an injury ever resulted from something your company made or service your company provided.
- Products Liability is a more specialized product liability insurance that protects your company against lawsuits from product-related injury or accidents
- Contractual Liability extends to any liability you may assume by entering into a variety of contracts.
- Other coverage includes: Reasonable Use of Force; Borrowed Equipment; Liquor Liability; Non-Owned Vehicles (such as aircraft and watercraft); Fire, Lightning or Explosion Damage; Water Damage Liability Protection; Legal Defense Costs; Medical Payments; Personal Injury; Advertising Injury; and Specialized Liability protection for specific business types.
Contact Young & Associates Insurance today about general liability insurance in Duluth and throughout Minnesota and Wisconsin. Every business should have general liability insurance and be protected against the damage of liability claims.
Workers' Compensation Insurance
For businesses in Minnesota or Wisconsin, workers' compensation insurance is required by law. Young & Associates Insurance can find the right policy to fit your needs. We will walk you through the entire process, making sure your business and employees are adequately covered and that you comply with the Minnesota or Wisconsin Statutes.
Workers' compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.
Workers' compensation insurance is designed to help companies pay these benefits. Workers' compensation insurance is not health insurance. Workers' compensation is designed specifically for injuries sustained on the job.
Do I need workers' compensation insurance?
Yes, for businesses in Minnesota and Wisconsin, workers' compensation insurance is required by law.
Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken.
To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, in almost every state, businesses are required to buy workers' compensation insurance. Workers' compensation insurance covers workers injured on the job, whether they're hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses.
Workers' compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.
Ask your Young & Associates Insurance agent for more information about worker's compensation insurance in Duluth and throughout Minnesota and Wisconsin.