Yes, commercial insurance usually pays for damage due to vandalism and break-ins. That is if you include it in your commercial property policy. Sometimes, it’s written into specific endorsements. If you want to make sure you’re covered for broken windows and doors after a break-in or graffiti or property damage due to vandalism, we can help. At Max Insurance LLC in Des Moines, IA, our agents are ready to answer any questions you have regarding your commercial insurance.

What Is Commercial Insurance?

Commercial insurance protects businesses against covered losses such as lawsuits, accidents, and natural disasters. Vandalism and break-ins are covered under a specific part of your commercial insurance policy. Our team can help you determine if you have enough coverage to meet the risk to your business.

Coverage Type

Vandalism and break-ins occur more often in urban areas than rural ones. So, location plays a major role in the type of coverage you’ll need. Crime endorsements, vandalism, and malicious mischief riders come with many standard commercial property policies. Speak to your agent to determine if you’re covered for these unfortunate events.

Specific Losses Covered

Review your policy or make an appointment with one of our agents to determine what specific losses are covered under your insurance. You’ll want to ensure your insurance company pays for replacement and reparation costs, so you won’t have to take it out of your profits.

Are You Covered Against Vandalism and Break-ins at Your Business?

Break-ins and vandalism can shake your confidence and threaten the security of your business. Call the police to file a report when you notice damage caused by these events. You should take pictures of the damage and talk to your agent as quickly as possible to discuss the next steps. Contact the team at Max Insurance LLC in Des Moines, IA to discuss your specific needs.

In the modern business world, risk management is of primary concern. Businesses are becoming more dependent on the use of technology and data, which makes them vulnerable to cyber threats, i.e., data breaches, hacking, etc. Max Insurance LLC in Des Moines, IA area’s cyber liability insurance can protect businesses from cyber-related incidents.

Key Aspects of Cyber Liability Insurance

Cyber liability insurance offers businesses financial protection and support after a cyber event, which includes-

Data Breaches

• Covers expenses associated with the notification of and credit monitoring services offered to those impacted by the data breach.
• Assists in the management of any damage to the company’s reputation caused by the breach.

Business Interruption/ Data Restoration

• Covers the loss of income loss (or additional expenses) due to business disruptions caused by a cyber event.
• Covers costs related to restoring/recreating damaged/lost data.

Regulatory Violations/Fines

Helps to reimburse insured companies for fines/penalties imposed by regulatory authorities for non-compliance.

Cyber Extortion

Protection against extortion attempts caused by ransomware attacks, etc.

Cybercrime Coverage

• Covers losses resulting from deceptive practices, like phishing attacks.
• Protects against fraudulent transfer of funds from a cyber incident.

Legal Fees

Covers legal expenses should a third party sue a business due to a cyber event.

It’s crucial to understand –

• Policy exclusions and limitations. Exclusions may include intentional and criminal acts, war, and certain types of data breaches.
• Policy limits and deductibles.

Contact Us Today

As cyber threats evolve, it’s important to review your cyber liability insurance coverage to ensure the policy is effective against new/emerging risks. By working with an insurance professional at Max Insurance LLC, you are ready for unforeseen business challenges in Des Moines, IA. 

If you own a business, you likely need equipment to help perform daily tasks. Equipment can be a tremendous business asset, so you need the right insurance policy to protect those investments. If you would like to learn more about commercial insurance and what it can cover, you can trust the professionals at Max Insurance LLC to provide quality insurance products and customer service support to the residents of Des Moines, IA.

Commercial Insurance Protection 

The right insurance policy will cover your essential office equipment and other supplies, such as inventory. Getting the right insurance policy in place is the best way to prevent loss due to covered risks. If you need assistance finding out which policy options best meet your business needs, our insurance agents can help. We take the time to learn about each client’s situation and match them with policies that deliver the best protection. Once the customer chooses a policy, we collect the information necessary to secure the policy right away. We’ll also assist with any claims or changes the customer needs to make over the policy’s lifetime. We aim to provide the best customer service and insurance products, so business owners can have security and peace of mind.

Reach Out to Us Today

Having the right insurance policy is essential. We would love to assist you if you would like to learn more about commercial policy options. Please reach out to us today by calling or stopping by the office of Max Insurance LLC, serving the residents of Des Moines, IA. Don’t take chances with your business coverage. Get the professional support that our team of knowledgeable insurance agents can provide for you and your business.

Business owners need to understand all the important details of their commercial insurance policy. Max Insurance LLC insures companies in Des Moines, IA. We can assist you with meeting your insurance needs.

The following are four commercial insurance details that you shouldn’t overlook:

Types of coverage your policy includes

When you buy commercial insurance, there are many types of coverage from which you’ll need to choose.

You must determine the insurance needs of your company to decide on which types of coverage to purchase. Basic commercial insurance policies typically include commercial liability coverage. You’ll also decide if you need coverage types like commercial property, commercial auto, workers’ compensation, and business interruption insurance. 

Comparing quotes

Getting quotes from different commercial insurance providers will help you to find competitive premiums. It’s important for you to work your premium costs into the budget. This will help you to manage the cash flow at your company. 

Coverage limits

As with most other types of insurance, commercial insurance will only cover you up to certain coverage limits. You’ll have the option to choose how much coverage you want to invest in.

The higher your coverage limits are, the more costly your commercial insurance will be. Ideally, you should have enough coverage to protect all of your company’s assets. 

Deductible costs

Make sure that the deductibles on your policy will be affordable for your company to pay in the event of a claim. You’ll need to pay the deductible amount before your commercial insurance kicks in and begin paying for additional expenses. 

Reach Out To Us

Do you need to insure your business in Des Moines, IA? Our commercial insurance policies can protect your livelihood and give you peace of mind. Get in touch with us at Max Insurance LLC for a policy quote. 

When you contact Max Insurance LLC to update or renew your commercial insurance for your Des Moines, IA business, we’ll suggest a commercial insurance audit. Don’t worry, it differs completely from an IRS audit and won’t cost you anything extra to undergo.

Commercial Insurance Audits Are Free

When you undergo a commercial insurance audit with your insurance agent, you participate in an interview with the agent. We ask you questions about your business, location, processes, and procedures to determine its most important coverage types.

Many things change from the first time you purchase insurance and first start your business. Your expansion could require a different type of insurance than you already own. A change in product or services could have the same effect. Even changing your business location could affect your insurance needs.

The results of an audit could save you money in the short term and the long term. If you need to add a new type of insurance, you’ll still save money in the long term because whatever it covers, would not receive coverage under any other type of policy. Commercial insurance uses specific policies to avoid crossover. That means that with the specialty policy, you would pay some premiums along the way, but if an insured event occurred, you would have coverage for it, and insurance would pay for it.

Examples of Coverage Changes

If you moved from a building with plate glass windows to one with no windows or plastic windows, you would no longer need glass insurance. You would drop a policy.

If you started delivering pizzas from your restaurant, you would need to add commercial auto insurance to your insurance package.

If you added a consumer product to your service-based business, you would need to add errors and omissions (E&O) insurance to your package.

Conversely, if you stopped making consumer products and moved to a service-based business, you would no longer need E&O insurance, assuming a recall on existing products.

Contact Us Today

Call or email Max Insurance LLC serving Des Moines, IA, to get started on your commercial insurance audit. Let us help you protect your financial security and your business’s future.

When you contact Max Insurance LLC to update or renew your commercial insurance for your Des Moines, IA business, we’ll suggest a commercial insurance audit. Don’t worry, it differs completely from an IRS audit and won’t cost you anything extra to undergo.

Commercial Insurance Audits Are Free

When you undergo a commercial insurance audit with your insurance agent, you participate in an interview with the agent. We ask you questions about your business, location, processes, and procedures to determine its most important coverage types.

Many things change from the first time you purchase insurance and first start your business. Your expansion could require a different type of insurance than you already own. A change in product or services could have the same effect. Even changing your business location could affect your insurance needs.

The results of an audit could save you money in the short term and the long term. If you need to add a new type of insurance, you’ll still save money in the long term because whatever it covers, would not receive coverage under any other type of policy. Commercial insurance uses specific policies to avoid crossover. That means that with the specialty policy, you would pay some premiums along the way, but if an insured event occurred, you would have coverage for it, and insurance would pay for it.

Examples of Coverage Changes

If you moved from a building with plate glass windows to one with no windows or plastic windows, you would no longer need glass insurance. You would drop a policy.

If you started delivering pizzas from your restaurant, you would need to add commercial auto insurance to your insurance package.

If you added a consumer product to your service-based business, you would need to add errors and omissions (E&O) insurance to your package.

Conversely, if you stopped making consumer products and moved to a service-based business, you would no longer need E&O insurance, assuming a recall on existing products.

Contact Us Today

Call or email Max Insurance LLC serving Des Moines, IA, to get started on your commercial insurance audit. Let us help you protect your financial security and your business’s future.

At Max Insurance LLC, serving the greater Des Moines, IA area, we have had many small business owners approach us with questions pertaining to commercial insurance. It is not uncommon for business owners to think that one commercial insurance policy will meet all of their business needs. However, the term commercial insurance refers to many insurance products, not just one.

Here are a few of the most common types of commercial insurance products:

Commercial Property Insurance

One of the most common types of commercial insurance products is commercial property insurance. If you own a commercial property, you should have commercial property insurance. This type of insurance is pretty similar to home insurance, except for the obvious that it applies to a commercial building and not a home. 

Commercial Auto Insurance

Another common type of commercial insurance product is commercial auto insurance. If you own one or more vehicles that are used for commercial or business reasons, you need to purchase commercial auto insurance. Just like standard insurance, there are different types of commercial auto insurance, including comprehensive and collision.

Business Interruption Insurance

The final common type of commercial insurance product that is sold is business interruption insurance. There are many reasons why your business may be interrupted, including a burst pipe in your building, a natural disaster, or a health pandemic. If your business has to shut down, business interruption insurance helps to provide money so you can continue paying your employees, your rent, and other bills your business may have when your business is forced to be closed. 

Contact Us Today

Every business is different, and as such, the insurance products that one company may need can vary from the insurance products that another company may need. Here at Max Insurance LLC, we can help Des Moines, IA business owners find the best commercial insurance products for their needs. Call or email us to learn more or to obtain new commercial insurance policies.