What to Know about Business Insurance

in Nebraska

Facts about Business Insurance in Nebraska

Business insurance is designed to cover your company against hazards like tornadoes, hail, property crimes, and liability lawsuits. Though a policy in and of itself is not required by law, some aspects of it may be. For example, if you have employees, you will be required to have workers’ compensation insurance; and if you have business-owned vehicles, you will need to have a commercial auto insurance policy.

More Nebraska business insurance facts 

  • NE businesses collect about $1.3 billion in claims every year.
  • Nebraska is the third worst state for hail damage in the US.
  • On May 11, 2014, eight tornadoes caused massive damage in NE.
  • 1 in 44 Nebraska residents will be the victim of property crime.

Cost of Business Insurance in Nebraska 

Business insurance can be highly customized, so the cost for coverage will vary significantly from one company to the next. Rates can be influenced by a variety of factors such as your business’s size, industry, and liability risks; the number of employees you have, and the value of the assets you wish to insure. Independent insurance agents can help you navigate through your many options so you can be sure you are getting the coverage you need while not paying for the coverage you do not.

Average Cost for the Top Business Insurance Claims

average cost of business insurance claims

What Makes Independent Agents in Nebraska so Awesome?

  • Local independent agents have your best interests at heart
  • These agents provide professional, personalized service
  • You can turn to your agent for help if you need to file a claim

Find an independent agent in Nebraska

I used TrustedChoice Business Insurance in search for better pricing for business insurance online. Their website was easy to navigate, and their agents were helpful. I found what I needed for the price I was looking for without having to do much work on my end.

five stars Tracey of Lincoln Nebraska Consumer Affairs

What Does Business Insurance Cover?

Business insurance plans are customized to meet each company's specific coverage needs. The following is a short list of the coverage types that most business owners in Nebraska choose or have to include in their commercial coverage plans. Talk to your local insurance agent to learn about the many other options that are available to you.

  1. Liability insurance: Covers the costs associated with liability lawsuits brought against your company. There are several different types of liability coverage . A customer in your gift shop slips on a wet floor and suffers a back sprain.
  2. Property insurance: Covers the cost to replace or repair business property if it is lost, damaged, or destroyed by a covered event. An accidental fire at your cattle farm destroys a large portion of equipment.
  3. Business interruption insurance: Provides a continuation of income if a covered event necessitates a long-term closure. Tornadoes in your area severely damage your restaurant and the roads leading to it, forcing you to close for months.
  4. Workers’ compensation insurance: Pays for medical treatment, lost wages, and related expenses if an employee is injured on the job. A worker at your meat processing plant sustains an injury that requires surgery and hospitalization.
  5. Commercial auto insurance: Covers the costs associated with vehicle accidents. It is required if you have company-owned vehicles. A truck driver who works for you causes an accident while en route to your company’s warehouse.

Flood damage is not covered by most business insurance. If you live in a flood zone or are at risk for flash flooding, be sure to ask your insurance agent about supplementing your business coverage with a commercial flood insurance policy through the National Flood Insurance Program (NFIP).

Top Insurance Companies that Support Independent Agents in Nebraska

There are currently 294 independent insurance agents in Nebraska who are ready to help. These agents can save you time and money by working with several different insurance providers to help you find appropriate coverage at the most competitive rates. Talk to an insurance agent near you to learn more and to start comparing customized business insurance quotes.

Why go Independent

Why Go Independent when looking for Business Insurance

  • Expertise in Your Business
  • Multiple Quotes From One Agent
  • Get More Value for Your Money