Commercial Insurance

small business
What to Know About Business Insurance when Selling Your Company 1024 682 Patrick J. Thomas Agency

What to Know About Business Insurance when Selling Your Company

Thinking of selling a business in Minnesota? Whether you selling to a person or another company, or even shutting down, there are many things you need to take into consideration regarding your commercial insurance policies.  If you are planning on selling soon, here is what you need to know.  About…

read more
car wash
Which Businesses Need to be Bonded in Minnesota? 1024 598 Patrick J. Thomas Agency

Which Businesses Need to be Bonded in Minnesota?

If you own a business in Minnesota, you may need to acquire a license bond to protect your customers. License and permit bonds provide protection to your customers should you fail to perform a specific duty. They make your business more reputable, but they can also be required depending on…

read more
attorneys
How Professional Liability Insurance Works and Why You Need it 1024 682 Patrick J. Thomas Agency

How Professional Liability Insurance Works and Why You Need it

As a business owner, you have enough to worry about. Insurance shouldn’t be a part of those worries. Business insurance is designed to mitigate risks and protect your business without having to create a headache for you. This is true for liability insurance. You need a plan but purchasing one doesn’t have to be a confusing process. This…

read more
retail store
Which Types of Business Insurance Are Required in Minnesota? 1024 682 Patrick J. Thomas Agency

Which Types of Business Insurance Are Required in Minnesota?

As a business owner in the state of Minnesota, there are many types of commercial insurance available to protect your business against a variety of risks. While many of these types of business insurance are optional from a legal standpoint, some are required by law.  If you own a business in Minnesota,…

read more
retail business
Difference Between General Liability and Professional Liability Insurance 1024 683 Patrick J. Thomas Agency

Difference Between General Liability and Professional Liability Insurance

As a business owner, you will be required to purchase several different types of commercial insurance in order to own and run your business, regardless of the state in which you operate. Two of the more common types of insurance are general liability insurance and professional liability insurance. Liability is a risk for every business, which…

read more
business meeting
Mistakes and Pitfalls When Buying Business Insurance 1024 640 Patrick J. Thomas Agency

Mistakes and Pitfalls When Buying Business Insurance

Commercial insurance is essential for any business, but purchasing a plan (or multiple) is not as simple as it sounds. There are dozens of types of business insurance, and plans can be customized to cover a variety of things that can cause risk to your company. Because of this complexity, it can be…

read more
commercial buildings
5 Types of Commercial Insurance Your Business Needs 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…

read more
savings
The Pros and Cons of Offering an HSA to Your Employees 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…

read more
auditing
How to Prepare for Workers’ Compensation Audits 1024 602 Patrick J. Thomas Agency

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…

read more
employee
Your Brief Guide to Insuring Your Business with Fidelity Bonds 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…

read more