Providing insurance to Greenwood, Indianapolis, Franklin, Whiteland, Columbus, Merrillville, Highland, Crown Point, Elkhart, South Bend & All of Indiana
Indiana is a business- and entrepreneur-friendly state with plenty of opportunities to grow and thrive. If you plan on starting a business or wish to expand, you will need the right kind of insurance to protect your hard work. Business insurance can help you bear the brunt of accidents and lawsuits so that you can maintain success even in difficult times.
Mayflower Insurance is dedicated to working with business owners across Wisconsin and Indiana throughout industries. We will compare quotes and tailor policies to suit your specific business and your budget.
What Does Business Insurance Cover?
Business insurance covers a variety of dangers that face businesses across industries. Some common and useful business insurance coverages offered through Mayflower Insurance include:
Liability insurance policies cover claims filed against your business due to a variety of accidents. The most common liability policy is general liability. General liability insurance covers basic accidents concerning bodily injury, property damage and personal and advertising injury.
If someone slips and falls inside your business, for example, general liability insurance can cover the victim’s medical bills as well as protect your business against a related lawsuit.
Additional liability coverages include:
Professional Liability: Professional liability insurance covers accidents of professional negligence that may cause clients to lose money.
Product Liability: Product liability covers bodily injury and property damage your business’ products may cause someone else.
Umbrella Liability: Umbrella liability insurance fills in the gaps left by your other liability insurance policies. If your general liability policy reaches its maximum limit for a single claim, for example, umbrella liability will step in to cover the remaining expenses.
Commercial Auto Insurance
Many businesses use vehicles to transport equipment, clients, travel between work sites and more. These vehicles may need commercial auto insurance. A full coverage policy can cover vehicles used or owned by your business for work purposes with comprehensive coverage, collision coverage, liability, medical payments coverage and uninsured/underinsured motorist.
Hired or Non-Owned Auto insurance provides coverage for vehicles borrowed but not owned by the business, such as employee vehicles.
The key to any good business is a dedicated workforce. Workers compensation helps protect your employees in case of workplace injuries. This insurance can help pay for items such as medical bills, disability benefits and wage replacement.
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Common Business Insurance Questions
How Much Business Insurance Do I Need?
Every business owner’s insurance needs are different. Most businesses benefit from general liability and commercial property insurance, but often require other coverages specialized for their industry. Speak with an agent from Mayflower Insurance to discuss your business’ unique insurance needs.
How Much Does Business Insurance Cost?
The cost of business insurance varies depending on your location, industry, coverage limits, deductibles, claims history and more. Fill out an to find out how much you can save on business insurance.
How Does Business Insurance Work?
Business insurance is similar to other policies in that you (the business owner) pays monthly premiums in return for coverage. Instead of covering a home or a personal vehicle, however, business insurance works to cover people, locations and objects related to a business. As long as a business insurance policy is active, you can file a claim for losses or damages related to the business.
What Business Insurance is Required by Law?
Business insurance laws vary by state. In most states, workers compensation and commercial auto insurance are required for eligible businesses. Businesses in Indiana are generally required to carry workers compensation for full-time and part-time employees as well as certain employees working out of state.