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Fenton Missouri Business Insurance

Do You Need a BOP or CPP for your Fenton Missouri Business Insurance?

 

 

Fenton Missouri Business Insurance | MJM Insurance® of Fenton | (636) 343-5000There are two types of Fenton Missouri Business Insurance policies available in Missouri.   The Business Owners Policy or BOP and the Commercial Package Policy or CPP.  These two types of policies are explained below.

Insurance for Different Business Types

On the right sidebar of this page, we have include links to a number of business insurance resources.  Click on any of the different business types to learn more about the insurance coverages for that type of business.   Please call one of our commercial insurance agents at MJM Insurance® of Fenton for any assistance.

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Fenton Missouri Insurance Agent

MJM Insurance® of Fenton Is Your Trusted Partner

Fenton Missouri Insurance Agent | MJM Insurance® of Fenton | (636) 343-5000Often times our agents meet potential customers who have had an insurance agent for years and whom they have never met.  It is shocking to me that people put their life in the hands of a stranger and have no personal connection or relationship with their Fenton Missouri Insurance Agent. MJM Insurance® of Fenton agents pride ourselves on the fact that we take great interest in our clients’ and their family’s well-being. It is important that our clients trust the staff and licensed agents of our company.

We sit down with our clients and give a comprehensive account review to make sure they have the best protection.  We explain the coverage options, benefits, and potential risks based off their needs versus current their current insurance coverages. We take the time to walk our client’s through every step of the decision process to make their experience as educational and informative as possible.

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Business Insurance Fenton Missouri

Protect What You’ve Worked So Hard To Achieve

Business Insurance Fenton Missouri | MJM Insurance® of Fenton | (636) 343-5000Your Business is Your Dream. Ensure You Protect it.  Don’t get stuck in a rut searching online for ” Business Insurance Fenton Missouri ” –  not everything you read will meet your business insurance needs!  MJM Insurance® of Fenton will breakdown the facts and provide you the resources you need to understand business insurance and help you make the best choice, for the best price.

As a business owner, you want to have the confidence that the business you’ve built is covered in the event of loss. Partnering with MJM Insurance® of Fenton to handle your business insurance coverage needs can keep you focused on your business. MJM Insurance® of Fenton offers several options for business owner’s protection and we have the resources to customize a tailored Business Owners Policy (BOP) for your business. A BOP includes general liability, property coverage, contents coverage, and products. Other business insurance needs may also include worker’s compensation, commercial auto insurance, errors and omissions, builder’s risk, cargo, vacant property, bonds and special events.

Keep in mind, if your business services include counseling clients on legal, tax or other advisory topics, a BOP does not cover professional liability, auto insurance, workers’ compensation, health or disability insurance – all of which need to be purchased separately. Other businesses may have particular risks that will require more customized coverage than what’s included in a standard BOP.  For example, a jewelry store has different risks that a home-based business.

If we determine your business does not qualify for a BOP, we will move onto Commercial Package Insurance Policy (CPP) options.  CPPs can be issued to include almost any type of coverage offered, from property and liability to auto, crime, inland marine and professional liability. When your business risks goes beyond the coverages in a BOP, the flexibility offered by a Packaged Policy provides the opportunity to design a policy specifically for the needs of an organization. It also enables you to have almost all your coverage in one convenient package.

Most Commercial Package Insurance Policies offer expanded coverage endorsements. These endorsements provide additional coverages or increase the base current coverages for lower premiums than purchasing each coverage separately. We know this all sounds so confusing, this is why we encourage you to contact one of our licensed agents to discuss your options.  Our trained staff knows the right questions to ask to ensure we meet the needs of our customers and protect one of their most valuable assets.  We know you work hard, let us work for you!

During your business review with one of our professional agents, we will go through your insurance requirements step by step.  After we have determined whether you will be better insured by a Business Owner Policy or a Commercial Package Insurance policy – we’ll then review your property.

Property insurance coverage protects small business owners from losses of damage to physical space or equipment and as a result of theft. For insurance purposes, a business’ property includes the physical building in which it resides, as well as its other assets.  With property insurance you can buy either actual cash value or replacement cost insurance. Actual cash value insurance reimburses you for the value of lost, damaged or stolen goods after depreciation is taken into consideration. Replacement cost insurance reimburses you the amount it would take to replace, rebuild or repair damages with materials of similar kind and quality, without deducting for depreciation.

All of the following, owned or leased, can be considered business property:

  • Business Inventory
  • Furniture and Equipment
  • Computers and Electronics
  • Artwork and Antiques
  • Signs and Outdoor Property Not Attached to a Building

Now, to take it one step further, there are three types of property insurance plans.  We know this decision can be a daunting, and yet very confusing endeavor.  It doesn’t have to be!  Our professional staff will help you through this process and determine the best business insurance needs for your business, and at the right price.  The three types of property insurance plans are described below:

Business Insurance Fenton Missouri: Basic form property insurance includes losses resulting from a fire, lightning, windstorm, hail and explosion, plus the cost of removing property to protect it from further damage.
Business Insurance Fenton Missouri: Broad form property insurance includes basic plus extended coverage for other types of perils, such as a roof collapse (e.g. caused by snow or iceBusiness Insurance Fenton Missouri | MJM Insurance® of Fenton | (636) 343-5000 etc.
Business Insurance Fenton Missouri: Special form property insurance includes basic and broad, and covers all direct physical losses except conditions specifically excluded as listed in the policy.

 

The next item we will discuss includes any automobiles you may use for your business.  This can include delivery trucks, fleet vehicles (limousines), and company provided cars, to name a few.  All motorized vehicles, whether used for personal or business purposes, need auto insurance. While the types of coverage provided by personal and commercial auto insurance policies are essentially the same, there are important distinctions. Typically, commercial auto insurance policies have higher liability limits. They also may have provisions that cover rented and other non-owned vehicles, including employees’ cars driven for company business.

Several factors related to ownership and use of vehicles determine whether a personal or commercial policy is appropriate. These include:

  • Who owns or leases the vehicle – you individually or the business as an entity
  • Who drives the vehicle – you or your employees
  • How the vehicle is principally used – for example, transporting people, delivering packages or carrying hazardous materials

We will discuss these matters with you and make the best decision based off of your needs for collision and comprehensive coverage to protect yourself against damage to your vehicle.

For more information about your business insurance needs, contact us today to schedule a free consultation.

 


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Why Choose MJM Insurance® of Fenton?

We’re committed to outstanding customer service

We start by offering the best insurance products at a reasonable price. But it’s the MJM Insurance® of Fenton team that really set us apart from the competition. With combined experience of 60 years, our sales and support staff members can handle your transactions quickly and efficiently. We service each and every account using out team of insurance professionals and we’re always available to answer your questions.

We’re committed to professionalism

Our dedication to client service comes from a culture of professionalism and respect. All of our associates at MJM Insurance® of Fenton have strong credentials and all of our policies are presented to you in a consistent and professional manner.

We’re committed to solving problems quickly

MJM Insurance® of Fenton has unique industry relationships, allowing us to provide exclusive insurance solutions to our customers. Additionally, every staff member is trained to actively listen and provide helpful answers presented in a way in which our policy holders clearly understand.

We’re committed to earning and maintaining your trust

We believe trust is something earned by listening to our customers while providing helpful advice and support. Trust and consistent underwriting practices is what we expect from our carrier partners, and in return we owe the same level of service to you.

Business Insurance Quote Arnold MO

How Much Does Business Insurance Cost?

Business Insurance Quote Arnold MO | MJM Insurance® of Fenton | (636) 343-5000If you own a business or if you’re just starting a new business in Arnold Missouri, you may be searching the internet for  “Business Insurance Quote Arnold MO .”   Finding the best commercial insurance policy for your business can be challenging.  As a business owner, you will need to cover a range of risks and potential incidents, like accidents, injuries, equipment and property damage, theft and liability claims – even if you have a well-established corporation.

An experienced,  independent, commercial insurance agent with MJM Insurance® can make this insurance task much easier.  We will assess your business risk, determine the insurance coverages that you need, and for the best price.  Many business risks are quite complicated; it is best to have a commercial insurance agent who specializes in business.

There are no average business liability insurance costs for both small and large businesses.  Some businesses may need to carry Errors and Omissions Insurance, if they give professional advice, some carry business auto insurance because they drive a vehicle for their business.  For example: a sole proprietor might pay $500 per year for general liability insurance, but a small consulting firm is likely to pay over $3,000 per year.

There are many ways to package policies, get discounts, and reduce your business insurance costs. Small business owners can often get a combined policy that provides all the basic coverage a small business needs. Known as a “business owner’s policy” or “BOP” this type of packaged policy can make the cost of business insurance very affordable for a small enterprise.

Costs will vary considerably depending on the specific risks of the business. Professional liability insurance covers the “human error” risk when you give advice or offer consultation. While this coverage is typically associated with advisors, such as accountants and consulting firms, many different types of small businesses carry this coverage to hedge against the risk of a law suit. Average business insurance costs for E & O coverage for small firms is typically in the range of $1,000 to $3,000 annually per million dollars of coverage.

Rest assured when you are working with an MJM Insurance® agent, you are working with someone with experience and knowledge in commercial coverage when obtaining business insurance quotes. If you are like many business owners, you have put sweat and equity into building your company, and we will make sure you are not at risk of losing all that you have worked so hard to achieve.

How to Reduce Your Business Insurance RatesBusiness Insurance Quote Arnold MO | MJM Insurance® of Fenton | (636) 343-5000

Don’t guess if the coverage you have is right for your needs and is fairly priced.  Start your search for  “Business Insurance Quote Arnold MO ” by calling a professional commercial insurance agent with  MJM Insurance® to be certain.  We have access to many carriers to shop for your business insurance and get the same or better coverage for less cost.  While we are able to shop many companies, we also have expertise in a variety of industries such as Animal HospitalsAuto Repair ShopsContractors and Beauty Shops.

 

MISSOURI INSURANCE BLOG | MJM INSURANCE™ OF FENTON

 

Thank you for visiting our Missouri Insurance Blog!trustedchoice-trans1

First, allow us to introduce ourselves….

MJM Insurance™ of Fenton is an established full-service insurance agency.  As an independently owned Fenton Missouri insurance operation, our licensed agents have access to several A+ rated insurance carriers such as Safeco, The Hartford, Travelers, EMC, Progressive, MetLife, and dozens more. 

Our professional agents assess the risks and exposures the consumer may be facing.  Our goal is to shop insurance for the consumer – a/k/a “you!”  We shop multiple carriers and find you the best protection at the best price.  We’ll help save time and heartache trying to figure out which specific coverage goes with which type of risk.

The insurance products we offer include automobile, homeowners, business, power sports, life, and other specialty lines.  During the client risk assessment, our agents review coverage and compare how you’re currently protected, and provide recommendations about how you should be protected. The coverage includes liability, property damage, bodily injury, personal property, home and renters coverage, business liability, workers compensation, personal or business investments and much more.

So now you know!

It is our goal to ensure Missouri consumers are well-informed about insurance and protecting themselves and their families. Our agents offer the Missouri Insurance Blog to provide information and educational resources for drivers, homeowners, business owners and everyone in between!  This blog and our site are dedicated to providing Missouri consumers valuable information related to insurance products and risk management solutions. 

So why purchase your Missouri Insurance from us?

We’re committed to outstanding customer service

We start by offering the best insurance products at a reasonable price. But it’s the MJM Insurance™ of Fenton team that really set us apart from the competition. With combined experience of 60 years, our sales and support staff members can handle your transactions quickly and efficiently. We service each and every account using out team of insurance professionals and we’re always available to answer your questions.

We’re committed to professionalism

Our dedication to client service comes from a culture of professionalism and respect. All of our associates at MJM Insurance™ of Fenton have strong credentials and all of our policies are presented to you in a consistent and professional manner.

We’re committed to solving problems quickly

MJM Insurance™ of Fenton has unique industry relationships, allowing us to provide exclusive insurance solutions to our customers. Additionally, every staff member is trained to actively listen and provide helpful answers presented in a way in which our policy holders clearly understand.

We’re committed to earning and maintaining your trust

We believe trust is something earned by listening to our customers while providing helpful advice and support. Trust and consistent underwriting practices is what we expect from our carrier partners, and in return we owe the same level of service to you.