Commercial Insurance

commercial buildings
1024 682 Patrick J. Thomas Agency

5 Types of Commercial Insurance Your Business Needs

Every business needs commercial insurance to protect themselves and their employees. But no two businesses are the same. Every business will have a different insurance plan, not to mention different types of insurance that are crafted based on their business needs and goals. Although there are dozens of types of commercial insurance offered…

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savings
1024 682 Patrick J. Thomas Agency

The Pros and Cons of Offering an HSA to Your Employees

As business owner, you are tasked with deciding which benefits to offer your employees. This includes healthcare plans, which may or may not include Health Savings Accounts (HSAs). In the end, it’s up to you whether to include an HSA with your benefits package and doing so can provide a lot of benefits to both…

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auditing
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How to Prepare for Workers’ Compensation Audits

Workers’ compensation is a valuable piece of commercial insurance that nearly every business can benefit from holding. It protects the wages of employees in the event one of them is unable to work due to a workplace incident. It also helps businesses provide more value to their employees while protecting their financial assets.  Most businesses…

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employee
1024 629 Patrick J. Thomas Agency

Your Brief Guide to Insuring Your Business with Fidelity Bonds

Fidelity bonds are a type of commercial insurance that employers use to protect their business against fraud or harmful actions committed by their employees. This type of insurance also protects the customers of a business should the actions committed by the employees affect them as well.   Most businesses need to have fidelity bonds in order to…

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business insurance
1000 667 Patrick J. Thomas Agency

Why Are Surety Bonds Required Along with Commercial Insurance?

Many new business owners often ask why they need to obtain a surety bond in Minnesota. This isn’t unique to Minnesota; most states require businesses in certain industries to obtain surety bonds on top of the commercial insurance they already carry. That’s because surety bonds and commercial insurance protect and…

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arrows in different directions
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The Real Difference Between Surety Bonds and Commercial Insurance?

Many people do not understand the difference between surety bonds and commercial insurance. While the two do share some similarities, there are glaring differences that must be noted and understood in order to decide which one (or both) are right for your specific situation. Here are the basic definitions and…

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professional surety agency
1024 683 Patrick J. Thomas Agency

What Surety Agencies Provide that Insurance Companies Can’t

While you have options when looking to obtain a surety bond, there is no better place to go than a specialized surety agency. It is possible to obtain surety bonds through commercial insurance companies, but the experience and service you will receive by working with an agency is something you…

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commercial insurance questions
1024 682 Patrick J. Thomas Agency

Questions You Should Ask When Choosing Commercial Insurance

When looking for reliable and affordable liability insurance, there are many questions that you should ask in order to make sure that you are getting the right policy for the right price. Liability insurance can be customized to meet your company’s specific needs, so no matter which industry your business…

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