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Small Business Liability Insurance in Marshfield and Strafford, MO

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, Theobald Insurance Group 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 Theobald Insurance Group 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 Location

Theobald Insurance Group

737 W Hubble Dr, STE A
Marshfield, MO 65706
Main office: 417-708-8345
Fax: 417-859-6541

Our Providers

Testimonials

As always, saved me $ is the biggest reason. Secondly, nice to know you will be there for me in case of a claim. Also, you always look for the little extras on a policy that I didn't have before. Thanks Amber!

Nathan F.
Theobald Insurance Group is great!!! We recently changed from Farmers Insurance to Nationwide and saved money. The transition was smooth and painless thanks to Amber's help and expertise. When I call with a issue or change, I get a immediate response from Theobald Insurance Group. Best in Marshfield.

Athena N.
Worked hard to get the best rate. Staff friendly.

Caroline G.
Amber is very knowledgeable. We received our quote and policy quickly. Very pleasant company to work with.

Darin C.
The level of commitment, professionalism, and most importantly friendliness shown to Betsy and I was amazing. We feel like our needs matter to you and that is very rare. Thank you so much for taking care of our insurance needs.

Carl G.
Its like family.

Tony F.
I recently came to Theobald Insurance Group because many of my friends said it was a wonderful place to be! I had only had insurance at the Theobald Group for about four days when an uninsured driver hit my truck. They were helpful and Safeco was wonderful, taking care of me in my time of need. I would highly recommend Theobald Insurance Group to all my friends!”

Sarah V.
We love and trust everyone at Theobald Insurance. We feel they care about what is best for us and go above and beyond to keep us affordably safe.

Jason C.
Amber is always willing to help Us out anytime that We ask.

Donald R.