Liability Insurance Minnesota Policy Information

Liability Insurance Minnesota. In some situations, a person or business may unwillingly cause a person or party to be injured or damaged. If the affected person claims the damage, the individual or organization may undergo financial loss. For example, a mail carrier may slip on your icy driveway and get injured. He can sue you for pain, suffering, medical expenses and lost income. A customer gets sick from using one of your products and takes your business to court. You accidentally ideure someone while driving and wind up in court, paying substantial legal bills.

No one is immune from such occurrences. Without adequate liability insurance Minnesota coverage, they can cause devastating effects to your business or career.

Liability insurance Minnesota protects your company from lawsuits with rates as low as $47/mo. Get a fast quote and your certificate of insurance now.

With court awards and legal fees getting more and more expensive, it is vital for everyone to get liability coverage from a trusted liability insurance Minnesota provider. The insurer's duty is to defend you and cover legitimate claims posed against you up to a certain limit. All costs including your defense costs and the cost of settling claims are covered, and this provides you with invaluable peace of mind.

Liability insurance Minnesota protects you against loss if your actions, negligence, or a condition of your property causes injury or death to a person or property belonging to another person is damaged or destroyed. Without liability insurance, you would be on your own if you are found legally responsible for any number of reasons.

Below are the types of liability insurance Minnesota businesses and professionals need to have:

Workers Compensation Insurance

According to MN law, employers in Minnesota are responsible for the safety of their employees whenever they are at work. An employee may get injured while they work, or a former employee becomes ill due to the work they did while on your employment. Such employees may sue you or your organization and claim compensation if they believe that you are responsible. Employers' liability insurance Minnesota ensures that you are protected from financial loss due to such claims. However, if your employee gets injured due to a motor accident, you may be covered by your motor insurance against any compensation claims. Employee liability insurance is compulsory in MN for any employees of a business that are not owners, and you can be fined for not having a current insurance policy that complies with MN state laws.

Public Liability Insurance

Public liability insurance covers an individual, business, a contractor or even a community building from any costs of legal action if they are found responsible for injury or death of a person, or loss or damage of property. It covers you from claims made by members of the public or other businesses against you, but your employees can't sue you. Unlike employers' liability, public liability insurance Minnesota is not compulsory in most cases.

Nevertheless, businesses in all industries are recommended to have a public liability cover if there is a likelihood of being sued for negligence. In some cases, it is mandatory. For example, licensing authorities may require a business to have it to hold public events. This type of cover does not help you if you are involved in known criminal actions or hazardous activities.

The popularity of public liability insurance Minnesota is increasing, and it may be included in insurance policies. If you find out that you are covered for public liability in other insurance products, ensure that the amount you are covered is enough.

Product Liability Insurance

According to government statistics, defective and dangerous products cause thousands of injuries annually in the United States. Responsibility for such injury may be distributed among all people who are involved in the product chain. Parties exposed to product liability claims include the manufacturer, importer or distributor, the party who assembles and installs the products, the wholesaler and the retail store from which the customer got the product.

If you manufacture, import, sell or distribute products in MN, you should have product liability cover from your liability insurance Minnesota company of choice. It covers you for any damage or injury that may be caused by the use of your products. People who believe that they have been harmed by your product can sue you without having to prove that you were negligent or had the intention to cause harm.

Product liability insurance may also cover for claims made by a customer if they are harmed by the lack of adequate instruction on the use of a product. These claims might even be due to failure to warn on your product label. Therefore, this type of insurance is vital to any business that manufactures or distributes products.

Professional Indemnity

Regardless of how many years of experience you or your firm may have, there is a possibility that one day you or one person in your team will make a mistake. It might be professional negligence, loss of data, unintentional breach of confidentiality or defamation.

Professional indemnities (also know as errors and omissions (E&O) and professional liability) are designed to protect professionals such as doctors, lawyers, chartered accountants, architects, etc... from legal liabilities to pay for any damage caused by their negligence as they perform their professional duties. Someone may sue you if he/she suffers a loss after applying your professional advice or receiving your service. Different types of professional indemnities are designed for different professions. For instance, the medical profession has medical insurance indemnity as a requirement for professional registration or licensing.

With respect to industry bodies regulatory requirements, professional indemnity liability insurance Minnesota is mandatory especially for professionals such as accountancy, surveying, engineering to name but a few. Also, professionals working on contract terms such as IT consultants, business and management consultants will certainly need PI insurance to get a contract. However, large or small a professional business is, without PI insurance the business is left vulnerable to financial and reputation compromise.

Why You Need MN Liability Insurance

Even if you are not legally obliged to have liability insurance Minnesota, without it you are at risk of paying thousands if not millions of dollars in compensation and legal fees whenever suit is brought against you in court. This is in addition to the opportunity cost of lost time and resources when you are defending the allegations against you. There are many listed liability insurance Minnesota companies that can provide you with adequate liability cover for your business and profession. You need it sooner than later so that you can edeoy peace of mind as you focus on providing your customers with the best products and services and growing your business.

MN Small Business Insurance By Industry And/Or Type

Select the Minnesota general industry or small business insurance type link below to find more detailed information on coverage, costs, exclusions and more:

Advertising, Marketing and Media
Agribusiness
Arts and Recreation
Auto Sales, Service And Repair
Bonds
Children And Pets
Commercial Property
Construction Contractors
Contractors And Home Improvement
Education, Colleges, Universities And Schools
Food And Drink
Health And Beauty
Information Technology And Internet
Local, State And Federal Government
Manufacturing
Medical And Dental
Miscellaneous
Non-Profit
Professional Services
Real Estate
Retail
Small Business Commercial Auto
Small Business Insurance
Sports And Fitness
Warehouse And Storage
Wholesale And Distribution
Minnesota Specific Commercial Insurance Articles

Advertising, Marketing and Media

Learn about Minnesota media liability insurance - a specialized form of professional liability insurance that provides protection for legal claims brought by third parties.

Agribusiness

Learn about MN agribusiness insurance - a type of commercial insurance protects farmers against loss of, or damage to crops or livestock.

Arts and Recreation

Read up on Minnesota arts and recreation commercial insurance.

Auto Sales, Service and Repair

Read about Minnesota auto sales, service & repair insurance, which provides protection for damages done to customers vehicle's and other property as well as injuries resulting from the work done.

Bonds

Learn about surety and fidelity bonds which are types of insurance that are used to protect against damage or loss in commercial transactions.

Children and Pets

Discover what Minnesota commercial insurance policies cover for children and pet related businesses.

Commercial Property

Read up on Minnesota commercial property insurance, including how business property insurance protects your company's building's and/or their contents from damage, destruction, theft and vandalism.

Construction Contractors

Learn about Minnesota construction contractors insurance, including how much the premium costs and what is covered - and how commercial insurance can help protect your MN construction business from lawsuits.

Contractors and Home Improvement

Learn about Minnesota contractor's insurance, including what it covers, how much it costs - and how commercial insurance can help protect your MN business from lawsuits.

Education, Colleges, Universities & Schools

Learn about Minnesota commercial insurance for educators that helps protecting your professional reputation and other legal liabilities arising from your educational services.

Food and Drink

Learn about Minnesota restaurants, bars, liquor stores commercial insurance coverages. See how food service insurance help protect against accidents, oversights and lawsuits resulting from business operations.

Health and Beauty

Learn about Minnesota health and beauty insurance coverages that help protect tattoo artists, salons, spas, estheticians, cosmetologists, barbers, hairdressers, nail salons and more from legal liability.

Information Technology and Internet

Learn about Minnesota IT technology insurance policies that help protect IT businesses, consultants & subcontractors from the unique risks that small tech businesses face when they work.

Local, State And Federal Government

Discover what types of commercial insurance government entities in Minnesota need.

Manufacturing

Learn all about Minnesota manufacturing insurance. Manufacturers face many unique risks such as product liability and/or product recall exposures due to the nature of their business operations.

Medical and Dental

Discover Minnesota business insurance for medical and dental professionals. Medical malpractice insurance is a type of professional liability that protects health care professionals from liability causing in bodily injury, medical expenses and property damage.

Miscellaneous

Find informative articles on miscellaneous MN businesses including the types of commercial insurance they need, costs and other considerations.

Non-Profit

Find useful articles on business insurance for Minnesota non-profit 501(c)(3) organizations, charities and associations.

Professional Services

Get informed about Minnesota professional services insurance, including Professional liability, aka errors and omissions (E&O insurance), that protects your business against claims that a professional service you provided caused your client financial loss.

Real Estate

Learn about Minnesota real estate insurance coverages including liability and commercial property policies for realtors, mortgage companies and more.

Retail

Read valuable Minnesota retail insurance policy information. In a retail business, you need to have the right type of commercial insurance coverage so that your store, employees, and inventory are protected.

Small Business Commercial Auto

Learn about Minnesota commercial auto insurance which includes liability and physical damage protection for vehicles that are used for business purposes.

Small Business

Protect your company and employees with MN commercial insurance. Read informative articles on Minnesota small business insurance coverages - and how they can help shield your company from legal liabilities.

Sports and Fitness

Learn about Minnesota sports & fitness insurance policies and what they cover so that your customers, employees, and equipment are protected.

Warehouse and Storage

Learn about Minnesota warehouse and storage insurance - which protects storage and warehouse facilities and protects their inventory from property damage from fire and weather, vandalism and theft and liability coverage as well.

Wholesale and Distribution

Read informative articles on Minnesota wholesale distribution insurance. Distributors and wholesalers face specific risks including fire, flood and weather damage that can destroy products in the distribution center - and every part of the supply chain including late supplier shipments to unpaid invoices - can effect the entire operation.

Minnesota Specific Commercial Insurance Articles

Read informative articles on MN commercial insurance including costs and coverages.

Request a free Liability Insurance Minnesota quote in Albert Lea, Alexandria, Andover, Anoka, Apple Valley, Arden Hills, Austin, Bemidji, Big Lake city, Blaine, Bloomington, Brainerd, Brooklyn Center, Brooklyn Park, Buffalo, Burnsville, Champlin, Chanhassen, Chaska, Cloquet, Columbia Heights, Coon Rapids, Cottage Grove, Crystal, Duluth, Eagan, East Bethel, Eden Prairie, Edina, Elk River, Fairmont, Faribault, Farmington, Fergus Falls, Forest Lake, Fridley, Golden Valley, Grand Rapids, Ham Lake, Hastings, Hermantown, Hibbing, Hopkins, Hugo, Hutchinson, Inver Grove Heights, Lakeville, Lino Lakes, Little Canada, Mankato, Maple Grove, Maplewood, Marshall, Mendota Heights, Minneapolis, Minnetonka, Monticello, Moorhead, Mound, Mounds View, New Brighton, New Hope, New Ulm, North Branch, North Mankato, North St. Paul, Northfield, Oakdale, Otsego, Owatonna, Plymouth, Prior Lake, Ramsey, Red Wing, Richfield, Robbinsdale, Rochester, Rogers, Rosemount, Roseville, Sartell, Sauk Rapids, Savage, Shakopee, Shoreview, South St. Paul, St. Cloud, St. Louis Park, St. Michael, St. Paul, St. Peter, Stillwater, Vadnais Heights, Waconia, West St. Paul, White Bear Lake, Willmar, Winona, Woodbury, Worthington and all other cities near me in MN - The North Star State.

Also find Minnesota insurance agents & brokers and learn about Minnesota small business insurance requirements for general liability, business property, commercial auto & workers compensation including MN business insurance costs. Call us (612) 808-9866.

Liability Insurance Minnesota