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Small Business Liability Insurance

Small businesses face many of the same risks as larger companies, but don't have the same resources to fall back on if something goes wrong—that's where small business insurance comes in. This policy can reimburse you for certain forms of loss, giving you the time and support you need to get back on your feet and resume your normal operations. This coverage is so important that over 90% of small business see it as a worthwhile investment even when they don't have a lot of cash to spare.

When you're choosing a policy, Mid-America Specialty Markets agents can ensure that the policy's limit is high enough to cover your risks. The fact that your business is small doesn't shield you from costly claims, so it's important to obtain the best coverage you can as soon as your company's growth permits. In particular, be sure to increase your policy's limits as your company's revenue grows.

Small Business Coverage

As explained by the Small Business Administration, there are three types of liability coverage that small businesses commonly need:

  • General Liability Insurance covers issues with negligence, injuries, and accidents. Its main emphasis is on helping with the costs of legal defense, as well as providing coverage if you lose your case.
  • Product Liability Insurance is for companies that deal with physical products of some kind. The main focus of this coverage is reimbursing you for claims that arise from injuries caused by a defective product. If you deal exclusively in digital products and services, this policy will not cover those—ask one of our agents about your options.
  • Professional Liability Insurance focuses on errors and negligence that may occur during the course of providing products or services to your customers. If any of the advice you give them is wrong, they may sue for damages, and this policy will help to reimburse you.

Most companies can get by with these three types of small business liability insurance. However, you may need additional coverage if your operations are high-risk enough that a standard policy won't cover them. If you're not sure whether or not your policy covers your operations, our agents would be happy to discuss the issue and make any changes that may be necessary.

Making Sure Your Business Can Get Coverage

Most small businesses can obtain liability insurance without trouble. The only common exceptions to this are companies that operate in industries that are particularly high-risk—for example, companies producing acids for industrial use may find it harder to get coverage. If you're worried that some aspect of your business will increase your premiums or make it more difficult to obtain coverage in the first place, call Mid-America Specialty Markets today and ask for guidance. You may find that there is no problem getting insurance at all—and if there is, we may be able to help you reduce your risks and bring premiums into an affordable range.

 

1. "Business & Employee Insurance Issues Among U.S. Small Businesses." National Association of Insurance Commissioners. Accessed April 21, 2016. http://www.naic.org/documents/newsroom_small_business_summary.pdf.

2. "Finding Coverage That Matches Your Business Size." III. Accessed April 21, 2016. http://www.iii.org/article/finding-coverage-that-matches-your-business-size.

3. "Types of Business Insurance." The U.S. Small Business Administration | SBA.gov. Accessed April 21, 2016. https://www.sba.gov/managing-business/running-business/insurance/types-business-insurance.

Our Locations

MASM / Columbia

2800 Forum Blvd, STE 4B
Columbia, MO 65203
Main office: 573-447-4990

*MASM / O'Fallon

1656 Bryan Rd
O'Fallon, MO 63368
Main office: 636-978-3696
Toll free: 888-978-3696

MASM / Springfield

330 W Plainview Rd, STE F
Springfield, MO 65810
Main office: 417-865-1558

MASM / Clever

6809 State Highway 14 W, Ste F
Clever, MO 65631
Main office: 417-743-2288
Toll free: 888-978-3696

MASM / Joplin

1401 E 7th St, Ste B
Joplin, MO 64801
Main office: 417-553-0692

MASM / Lamar

128 W 10th St
Lamar, MO 64759
Main office: 417-682-3131

MASM / Neosho

613 W Coler St
Neosho, MO 64850
Main office: 417-451-9177

MASM / Nixa

204 Village Center St. Suite 7
Nixa, MO 65714
Main office: 417-595-4430

MASM / Seneca

908 Washington Ave
Seneca, MO 64865
Main office: 417-776-5433

MASM / Shawnee, KS

6208 Richards Dr
Shawnee, KS 66216
Main office: 913-322-3388

Testimonials

I've been with Estal Insurance and Nationwide for over 10 years now, and I've had nothing but good experiences with them. Recently, my stepdaughter was in a serious motor vehicle accident, and both Nationwide and the Estal Agency have been very helpful throughout the process. I highly recommend their office.
kmh314 From St. Charles, MO
My family has been a customer of Estal Insurance for over 10 years. Renters and Auto Policies in our 20's. Home, Auto, and Life Policies in our 30's. The rates are always fair and the service is excellent! Matt is more than willing to offer suggestions on how to get the best value for our budget while making sure we are protected with the appropriate limits. Whenever we have had any claims over the years, they always go the extra mile to make sure we are taken care of. And they offer free towing AND roadside assistance! My family and I feel fortunate to work with the entire Estal team. They are practically like family to us! We would recommend them to anyone who is looking for insurance.
Anonymous From St. Louis, MO
Matt has taken care of my family's insurance needs for some time now. Home, auto and life insurance are not an area of stress in my life because I know I have everything covered! I would definitely recommend this agency!! Extremely thorough and dependable!
JenS40 From O'Fallon, MO
Estal insurance can assist fully with all business insurance needs. They are always accommodating to our growing business insurance needs and they are very responsive
Estipes From Saint Charles, MO