Business Property & Liability Insurance
Any business, large or small, can find itself the target of a personal injury lawsuit. And, just like a home, business property can be damaged by fire, water, vandalism or any number of other hazards. The correct liability insurance and property insurance can shield your company from these kinds of problems.
Herrmann Insurance Agencies, in Rapid City, is proud to help South Dakota business owners protect their companies from the hazards of operation. We work with the insurance industries most reputable carriers to help you find affordable, effective coverage.
General Liability Insurance
A general liability policy (also known as a commercial liability policy) provides coverage when a customer slips and falls in an aisle in your store, someone gets injured using a product you manufactured, or otherwise gets hurt in connection with your business. Covered costs usually include litigation expenses, settlement costs and other expenses associated with a lawsuit. No business should operate without a general liability policy in place.
General liability policies may also provide coverage if you are sued for copyright infringement or libel, or are wrongfully evicted from your company space.
Property Damage Insurance
Property insurance protects you when your business property is damaged or destroyed. It covers everything from your building to your computers to your inventory and much more.
Basic property insurance policies typically cover explosions, fire, lightning, windstorm, hail, smoke, aircraft or vehicle damage, vandalism, sprinkler leakage and sinkhole collapse. Additional coverage can be added for water damage; damage from the weight of snow, ice or sleet; breakage of glass; and falling objects.
Business Owners Policy
If you run a small business with a few employees and under $5 million in annual sales, a Business Owners Policy (BOP) may be the place to start. A BOP combines standard levels of property, liability and other forms of insurance into one package, which can then be customized to fit your unique needs.
Selecting the Right Insurance
If you have any questions about our Business Property & Liability Insurance Services or would like a quote, please contact our Rapid City office. We look forward to helping you.