Why Every Business Needs Commercial Insurance

If you own or run a business, you quite likely have a lot on your hands. There are so many risks and worries that business owners must contend with. While it’s impossible to eliminate every risk, there are steps you can take to mitigate many of them. If you live in or near Greeley, CO, and are looking for an insurance agent serving the area, contact Maanen Insurance Group to discuss commercial insurance options.

How Commercial Insurance Reduces Risks

Where there are rewards, there are usually risks. Businesses must deal with tough competitors, fickle customers, changing technologies, and more. Business challenges could make or break a company. Economic factors aren’t the only thing at play, however. There are many other threats to consider.

Many businesses rely on expensive equipment, from advanced robotics to laptop computers. What happens if someone were to break in and steal that equipment? Likewise, what if a tornado strikes your commercial property? Or a fire breaks out?

These risks are hard to predict, but protecting your business from them is pretty straightforward. The right commercial insurance policy could provide protection against those events and more.

Of course, what specifically is covered will depend on the specific insurance policy. Fortunately, you can work with an insurance agent to mitigate risks and protect your business. If an unfortunate event unfolds, the right commercial insurance plan could be the difference between rebounding or folding. As such, it is crucial for every business to take out commercial insurance coverage.

If you’re looking for an insurance agent that serves Greeley, CO, get in touch with Maanen Insurance Group. We would be happy to explore commercial insurance policies and how best to protect your business or organization. So get in touch at your earliest convenience.

Flood-Proof Your Investments with 5 Expert Flood Insurance Tips

Living in a flood-prone area such as Greeley, CO, can be both rewarding and potentially risky. The captivating landscapes and closeness to nature can often obscure the hidden dangers of potential flooding until it becomes too late. Learn how to protect your home from flooding with the trusted local specialists at Maanen Insurance Group.

1. Determine Your Flood Risk

The key to protecting your investments starts with understanding your flood risk. A reputable insurance agency can help you judge your property’s vulnerability to flooding based on crucial factors such as location, elevation, historical flood patterns, and proximity to water sources.

2. Understand the Importance of Flood Insurance

Many new homeowners in Greeley, CO, mistake that flood insurance comes bundled with their homeowner’s insurance policy. Unfortunately, not all home insurance policies provide cover for natural calamities and flooding. Consult with a trusted local insurance agent to gain insights about your coverage options.

3. Regularly Review Your Flood Insurance Policy

It is paramount for homeowners to understand that their insurance needs may change along with the shifts in their everyday lives. Adding or removing home features, property renovations, or updates to local flood maps can all contribute to your flood insurance requirements.

4. Amend Coverage as Needed

Once you’ve reviewed your flood insurance policy and determined areas requiring attention, explore options to add supplemental coverages. Consult your insurance agent on how to obtain coverage for structural damage and personal property.

5. Secure a Comprehensive Flood Insurance Quote

Please don’t delay protecting your home, belongings, and family from the devastating effects of sudden flooding, floods resulting from natural disasters, and structural flooding. Contact the knowledgeable and amicable insurance agents at Maanen Insurance Group to get a comprehensive quote today!

Commercial Insurance for Every Type of Business

All businesses grapple with unique challenges, irrespective of the industries they operate in. Whether your business is centered around high-risk activities like underwater welding or it’s a relatively low-risk operation such as a customer service center, commercial insurance can significantly make a difference. This truth is why businesses across the scenic Greeley, CO region depend on the professional and trustworthy agents at Maanen Insurance Group.

Bespoke Protection for Various Business Types

While commercial insurance is a requisite for specific business types due to the risk posed by their operations, others need it primarily to safeguard themselves from claims and non-high-risk liabilities. This fact stresses the importance of securing the correct tailor-made insurance for your company’s requirements, where professional agent insights and industry experience play a decisive role.

Aside from mitigating risks ranging from industry-specific to those beyond, commercial insurance can significantly enhance a company’s reputation. Several clients perceive businesses with comprehensive insurance as trusted partners, which uplifts the company’s image.

Securing the proper insurance makes good business sense regardless of your business type or industry. Commercial insurance mitigates repair costs from accidental damage and guards your company against claims and other liabilities.

Tailored Commercial Insurance Solutions

If you are a business owner based in the broader Greeley, CO locale and have unanswered queries about commercial insurance solutions and decisions, the competent and friendly team at Maanen Insurance Group is here for you. Contact us today to acquire more knowledge and safeguard your business with commercial insurance solutions specifically crafted to suit your business and its requirements.

Commercial Insurance Considerations for Businesses with a Fleet of Vehicles

Commercial Insurance: A Must-Have for Businesses Relying on Vehicle Fleets in Greeley, CO

Operating a business that depends on a fleet of vehicles necessitates the right commercial insurance coverage. The vehicles might range from delivery trucks to service cars. Fleet insurance involves several unique aspects that ensure absolute protection.

Essential Coverage for a Vehicle Fleet

Businesses employing a fleet of vehicles commonly need varied insurance coverages to protect their staff and assets effectively. Such coverages incorporate:

  • Commercial Auto Insurance: This offers coverage for vehicles utilized for business-related activities, including liability for property damage or bodily injury and coverage for comprehensive and collision vehicle damage.
  • Cargo Insurance: Defends the products and goods transported by the fleet vehicles against theft, loss, or damage during transit.
  • Uninsured/Underinsured Motorist Coverage: Gives protection if a fleet vehicle is involved in an accident with a faulted driver who is uninsured or underinsured.
  • General Liability Insurance: This includes coverage for third-party property damage or bodily injury claims from operating your fleet vehicles.
  • Workers’ Compensation Insurance: Takes care of lost wages and medical expenses for employees injured while performing tasks related to the job or driving company vehicles.

Selecting Coverage Limits: Key Considerations

When picking commercial insurance coverage for a fleet of vehicles, businesses need to ponder their potential liabilities and specific needs. Factors like the size of the fleet, types of vehicles, and nature of business operations influence deductibles.

Adaptability and Customization of Policies

Many insurance providers offer policies that can be customized, enabling businesses to adjust coverages as per their specific needs. As their fleet evolves, businesses can add or remove coverages and alter coverage limits to suit changes in regulations or operations.

Maanen Insurance Group: Your Guide for Commercial Insurance

We at Maanen Insurance Group are equipped to answer all your queries regarding commercial insurance. We cater to the Greeley, CO area. Chat with us today.

Does Your Fleet of Commercial Vehicles Have Adequate Protection?

The Maanen Insurance Group is here to help businesses in the Greeley, CO area protect their commercial fleet. When your company relies on commercial vehicles to get the job done, you want to ensure they’re protected. When your fleet is out of commission, your bottom line can suffer. Let us help you protect your commercial vehicles today.

Don’t Forget to Protect Your Commercial Vehicles

When vehicles in your commercial fleet are in the shop or otherwise out of commission, you want them back on the road as soon as possible. That’s why having the appropriate insurance in place is so important. Our team is here to sit down with you today to review your commercial insurance needs and review your current policies.

Fleet coverage can vary from company to company, and having an adequate amount of protection is important. No matter the type of commercial vehicles you use or the size of your fleet, we can help you with your insurance policies. Our knowledgeable agents can help you make an informed decision when selecting a comprehensive policy to protect your business.

We understand how much hard work and dedication goes into operating a successful business, and we want to help you ensure that you are protected, no matter what the future holds. 

Contact Our Team Today

If you’re a business owner or operator located in Greeley, CO, and the nearby communities, it’s time to get to know the team at the Maanen Insurance Group. We’re here to help you protect your business today and well into the future. Contact our office today to schedule your appointment.

We look forward to working with you!

Three Myths About Colorado Flood Insurance

There are many misconceptions about flood insurance and what it covers. While many homeowners understand that the National Flood Insurance Program (NFIP) handles this coverage in most areas, you may wonder where to get it. If you want to know more about flood insurance in Greeley, CO, turn to the helpful team at Maanen Insurance Group. We’ve compiled the three most common myths about flood insurance in the Rocky Mountain state to get you started. 

Myth #1: You Can Only Get Flood Insurance if You Live in a Floodplain

If you live in a floodplain, your mortgage lender will probably require you to purchase flood insurance. Fortunately, Greeley is a member of the National Flood Insurance Program (NFIP), meaning anyone living here can seek coverage through the organization. Keep in mind that it takes up to 30 days for coverage to kick in.

Myth #2: Homeowners Insurance Covers Flood Damage

In most cases, homeowners insurance won’t cover flood damage. Instead, you need a flood insurance policy that you can purchase separately. Speak with your agent to find the right coverage for your home or business. Because of a potential coverage delay, purchasing flood insurance as soon as you buy your home is a good idea.

Myth #3: If Your Property Has Previously Flooded, You Can’t Get Insurance

You can protect your business, apartment, or home against future flood damage, even if it has previously been damaged. Greeley, CO, and other member communities offer residents access to the National Flood Insurance Program (NFIP), so they don’t have to stress about potential damage from natural flooding or other events. 

You can’t always rely on FEMA to reimburse you, even if the government declares a national emergency. Contact the agents at Maanen Insurance Group to learn more about flood insurance coverage in Greeley, CO. 

Why is Flood Insurance Important?

As a homeowner, there are not too many things worse than watching water enter your basement, crawl space, or house due to flooding. Many homeowners have incorrectly assumed that flooding is included in their regular home insurance policy, but that is not usually the case. Our agents at the Maanen Insurance Group serving the Greeley, CO area want you to know that both flood and earthquake insurance policies can be added to your home insurance policy so that you will be covered if a disaster occurs.

What Does Flood Insurance Cover?

A flood insurance policy will help cover the structure of your home and any of your personal belongings, appliances, electronics, furniture, and other items affected by a flood. Since more flooding occurs throughout the United States each year, it is better to be safe than sorry and have a flood insurance policy in place, even if you do not live in a flood-prone area.

Your house is probably one of the most significant investments of money, time, and energy you will ever make, so you will want to ensure that it is adequately covered for all different types of situations, including flooding.

Flood insurance policies are designed to cover up to a certain amount of the value of your property. This comes in handy if a flood, hurricane, or other weather event happens and causes flooding in your house.

Contact Maanen Insurance Group

To create the best flood insurance policy for you and your home, contact our agents at the Maanen Insurance Group serving the Greeley, CO area today and get the peace of mind you deserve.

The Best Ways to Protect Your Small Business

As a small business owner, you’re probably aware of the many vulnerabilities you may be open to. Luckily, the Maanen Insurance Group in Greeley, CO team understands what you’re up against and is here to help you find the best ways to keep your business safe. Let’s take a closer look at just some of the ways you can be sure that your business has the resources in place to stay protected.

Get Serious About Cybersecurity

As technology advances and becomes a more significant part of our lives, so does the risk of data breaches. Make sure you take the time to ensure that you have all of the necessary preventative measures in place through a comprehensive cybersecurity plan. It’s vital that you keep your security practices up to date and properly train your employees in an effort to fend off would-be hackers.

Make Sure You’re Compliant

You need to be aware of countless business rules and regulations for your long-term survival. Maintaining compliance with these laws can ensure that you stay in good standing with both the local and federal governments. Compliance can range from digital and physical security practices to taxes and licenses. Keeping up with your compliance can work to help you avoid headaches in the future.

Help Protect Your Assets With Commercial Insurance

Arguably, one of the most effective ways to protect your assets is to work with a Greeley, CO insurance agent to get the best commercial insurance for your business. There are many different types of commercial insurance, and each company has its own unique risks to consider. To get the best coverage at the best rate, contact the Maanen Insurance Group today for a personalized plan. We can’t wait to speak with you!

What Does Commercial Property Insurance Do?

Commercial property insurance is not a requirement by law for those living in Greeley, CO, but it can help protect you in various situations. If you own retail space, for example, that you rent out to others, this can indemnify you if you have to seek legal action due to nonpayment. Other problems can arise, such as property damage for which repairs are needed or disputes between you and the other party. 

Commercial property insurance is a good option for many business sectors, including automobile repair, wholesale retailers, and companies that house their offices in a building instead of remotely employing workers. Warehouse owners, distributors, and shop owners can also benefit.

Inventory can be stored in sheds, barns, or other structures, and these can suffer loss when affected by the fire. You may also temporarily lose income, and property insurance can help restore some of this to you. Your Maanen Insurance Group representative can review this benefit’s particulars with you. 

If you own a store and come into contact with the general public, you risk a customer slipping and falling and injuring themselves. Your commercial property insurance helps cover costs related to their medical expenses and lost wages. 

High winds or heavy winds can also affect your building, and if you live in an area prone to hurricanes or tornadoes, these can cause severe financial outlay. Commercial property insurance also helps you when you are a victim of theft or of vandalism to keep these costs from coming out of pocket. 

Maanen Insurance Group Can Insure You

We help those living in the Greeley, CO, area and look forward to working with you. Please get in touch with us by phone or online to schedule your appointment to speak with us in person. 

Do Small Businesses Need Commercial Insurance?

If you have heard about commercial insurance, you probably thought it concerned bigger businesses. Although it deals with big companies, there are also types of commercial insurance coverage that help small businesses. We will discuss the answer to the question: do small businesses need commercial insurance?

Why is commercial insurance important for a small business?

Small businesses are more likely to go out of business if something happens, like damage from a natural disaster, lawsuits, liability issues, or damage to inventory. This makes it more important for them to have commercial insurance so that they don’t have to pay out of their pocket and risk going under. There are also some requirements at the federal level for commercial insurance.

If you own a business and have a certain number of employees or more, there is a requirement for worker’s compensation. Workers comp is insurance that covers an employee if they get injured on the job. With smaller businesses come smaller funds. This means that you wouldn’t be able to have the resources to pay for damage, injury, loss of income, loss of inventory, etc., without the help of insurance coverage.

What types of coverage are available?

Below are some of the coverage options that are available for commercial insurance:

  • General liability
  • Property insurance
  • Business interruption insurance
  • Workers Compensation
  • Commercial auto coverage
  • Management liability
  • employee practices liability
  • Errors and omissions insurance
  • Crime coverage

Contact us

If you own a small business or are considering becoming a small business owner, contact us or visit us at Maanen Insurance Group in Greeley, CO for more information.