West Des Moines Business Insurance
And how to find the best coverage for your company
Written by
Candace Jenkins is a licensed insurance advisor with over a decade of experience. She is also a writer and loves to write on all things insurance. Candace writes for TrustedChoice.com on a continuous basis and is here with the facts about all your insurance inquiries.
West Des Moines, Iowa, is a semi-small town with a lot of diversity. It has a population of 65,608 and is known for its prestigious golf courses and recreation.
If you own a business in this leisurely town, then you'll want protection for your livelihood. A local independent insurance agent can be found on TrustedChoice.com with the best rates for your company.
Business Interruption Insurance in West Des Moines, IA
West Des Moines is home to many natural disasters that could hit pause on your business. When you have to close your doors temporarily, business interruption insurance can help you pay for expenses. Take a look at the most common claims in West Des Moines, IA:
If a weather-related claim, theft, or other occurrence has your operations in a standstill, business interruption insurance will pay for:
- Rent or mortgage payments
- Utilities
- Payroll
With Iowa having 62 federally declared natural disasters since 1953, you'll need protection for the what-ifs. Contact your local independent agent to get business interruption coverage.
Workers' Compensation Insurance in West Des Moines, IA
Every business with employees needs protection for the accidents that could occur. When an employee gets injured or ill on the job, your company is liable for any expenses. Workers' compensation insurance will help pay for medical expenses and lost wages that may apply. Minimum policy limits look like this:
- $100,000 per occurrence for bodily injury
- $100,000 per employee for bodily injury by disease
- $500,000 policy limit for bodily injury by disease
In Iowa, you're required to carry workers' compensation insurance when you have just one employee. State minimum limits may not be enough coverage to protect your company. To safeguard your business, discuss workers' compensation limits with your independent agent.
Why Your West Des Moines Business Needs Cyber Liability Insurance
Your West Des Moines business could be at risk for cyberattacks. When you or an employee opens an email or clicks a link, it could be hazardous. Let's look at the numbers:
- Number of US data breaches in 2019: 1,473
- Identity thefts reported in Iowa in 2019: 1,910
When a virtual predator hacks your business, you'll want protection.
Cyber liability insurance:
Cyber liability insurance will protect against a lawsuit resulting from a cyberattack. When clients or employees sue due to stolen sensitive information, your policy will respond. Contact your independent agent for cyber liability quotes.
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Commercial Property Insurance in West Des Moines, IA
Commercial property insurance will protect your structure and personal belongings from property damage. When a natural disaster, burglary, or fire causes destruction, this policy will usually cover up to the replacement cost. When you suffer flood damage, you'll need a separate policy altogether. Let's look at why your commercial property needs a flood policy:
- Every property is assigned to a flood zone
- No matter what your zone, you're still at risk for a flood
- Flooding is a number one occurrence in West Des Moines, IA
Have your West Des Moines agent quote flood insurance for commercial property and get the right protection.
General Liability Insurance in West Des Moines, IA
Most claims against your business will tap into your general liability or GL limits. When this happens, you'll want adequate protection for any loss.
What a GL policy will cover:
A GL policy will protect your company from a lawsuit due to advertising injury, bodily injury, slander, or property damage. Limits of liability will start at $1,000,000 per occurrence and $2,000,000 aggregate.
The limits you choose need to be customized to your risk exposures, daily operations, and assets. Speak with your local independent agent to go over different liability options.
Attract the Right Employees in West Des Moines, IA
Healthcare costs for your employees have skyrocketed over the last decade. When you offer employee benefits coverage, you add value to your work environment. Your company's culture and perks will allow you to attract and retain the right talent. Let's look at the numbers:
- Average annual health premiums for family employee coverage in 2019: $20,576
- Average annual health premiums for single employee coverage in 2019: $7,188
Employee benefits can result in your company paying for all or part of healthcare costs, life insurance, or disability insurance. Some employers even pay for the price of a gym membership, lunches, and coffee runs. Contact your independent agent to come up with a creative employee benefits package.
Find an Independent Agent in West Des Moines, IA
To find the right business insurance, you'll want to speak with a trusted adviser. An independent insurance agent will have access to multiple carriers, finding you the best rates and coverage in town.
When you're short on time, an independent agent can shop and compare markets so you don't have to. Connect with a West Des Moines agent on TrustedChoice.com to get started.