business insurance kansas city mo

business insurance kansas city mo

There are numerous options to find coverage for business insurance in Kansas City, MO. You absolutely need insurance to protect your business from liability and accidents. This guide will help you choose the right coverage at an affordable price. 

According to data on the insurance industry, 75% of US businesses are underinsured, and 40% of small business owners have no protection whatsoever. 

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A study conducted by Advisor Smith found that 75% of small businesses faced an insurable event in 2020. Use an online insurance provider to get a quote, find personalized insurance products, and easily file claims. 

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With average premiums for general liability insurance in the United States at about $800/year, protecting your business can be affordable and a smart decision. 

Your premiums in Kansas City, MO will depend upon your industry, revenue, and risk. A brick-and-mortar business providing any kind of general product, services, or consulting could use a host of coverage options, such as general liability insurance for onsite accidents, commercial property insurance to protect against theft, or workers’ compensation to offer support in the event of workplace injuries.

Ecommerce businesses have unique needs and may be more concerned with data breaches or cybersecurity coverages. You can bundle most of these into a business owner’s policy (BOP).

Old American Insurance Company

General liability insurance is the most common type of business insurance, as it covers the most basic needs that are shared among all types of companies. Things like bodily injury on your business's property and physical damage caused by employees or employers are covered by this policy. 

Workers' compensation insurance is meant to protect the interests of your employees if they are injured on the job. It can also protect your business from a lawsuit if that employee needs compensation for their injuries. Workers' comp is mandated for any company with employees in every state except Texas and South Dakota.

Recommended: Estimate your premiums and coverage options in Missouri. We recommend getting a quote from a dedicated online business insurance provider like Next Insurance.

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A business owner's policy is a bundle of insurance policies usually consisting of general liability, commercial property, and business interruption insurance. Since they are packaged and sold as one policy, this makes the administration of your protection simpler, and it may even come at a discounted rate.

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Making an informed decision to protect your business starts with estimating the cost of coverage, it takes less than five minutes to get a quote from our partner.

Online insurance agencies generally provide comparable coverage to a traditional insurer at a lower price. As a result, a growing number of small businesses prefer to use online business providers to find personalized insurance products and save on costs. They offer other benefits as well:

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A study conducted by Advisor Smith found that 75% of small businesses faced an insurable event in 2020. Because of this, it’s in your best interest to get insured. 

The cost of business insurance for a small business is typically between $700 and $3, 800 a year, but this depends greatly on what types of insurance your business needs, your industry and the risk associated with your state.

Kansas

An insurer like Next Insurance offers convenience and can get you an instant, online quote with your specific needs in mind or we recommend calling a local insurance agency as listed below in Kansas City to discuss your unique needs.

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Whether entrepreneurs are looking for funding, getting help in business development, or have a brand new idea for a startup, KCSourceLink has the resources to help them at any stage. With extensive connections with other local Kansas City businesses, they are well-equipped to support businesses throughout their journey.

E2E believes small businesses are the very backbone of a strong economy. They assist business owners in all aspects beginning, from developing financial planning, bookkeeping, and setting up HR and payroll to even getting marketing and SEO organized. 

Local chambers of commerce garner confidence for their stability and connectivity, and the Greater Kansas Chamber of Commerce is no different. The Chamber aims to break down barriers to capital and education for all entrepreneurs, providing training and funding to all who need it.

Business

Aaa Kansas City Insurance And Member Services

Dedicated to connecting the business in Kansas City, the North Kansas City Business Council cares about the sustainability of Kansas City’s economic health and believes that strength comes when business work together. They have a plethora of resources to help your business in whatever stage you’re at. 

We have compiled a list of local insurance agencies in Kansas City, MO if you prefer to discuss your specific needs by speaking to an independent insurance agency or representative.

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