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1451 NE 69th Place
Suite 45
Ankeny, IA 50023

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Required Commercial Insurance in Iowa

When you own a business in Iowa, there are certain types of insurance policies that you must have by law. It’s important to keep your business operating legally and to have the types of insurance you need to protect it. If you have a business and need insurance protection for it, give us a call at Maschoff Insurance in Ankeny, IA. 

Required Commercial Insurance

Workers’ Compensation Insurance

In Iowa, any business with any number of employees must have a workers’ compensation policy for them. This is required even if the employees are part-time. Even one employee requires you to carry this insurance, but independent contractors are not included. This coverage protects your business by paying for the medical expenses and lost wages of any employees who are injured while on the job. It also pays for disability benefits in Iowa. This insurance helps your business to stay protected from these expenses, but it also protects your employees by keeping that money available for them. 

Commercial Auto Insurance

When your Iowa business owners a vehicle, it has to have a commercial auto insurance policy. This policy must have at least two types of coverage that are each required, and there are three amounts required. There is one amount of coverage required for property damage liability. This pays for the other party’s property damage after you cause an accident. There is a minimum amount required for one person to be covered by bodily injury liability. There is also a minimum amount of coverage required for everyone in the accident who is injured. All of these amounts are relatively low in Iowa, and it’s generally recommended that you add to the minimum coverage amounts. 

Get Your Commercial Insurance

Your business needs to be protected by the appropriate commercial insurance policies. It’s important to have enough insurance to protect your business from a wide range of possible risks. To get started, give us a call at Maschoff Insurance in Ankeny, IA.

Commerical Insurance FAQs for Business Owners

Owning your own business brings a special type of pride and confidence. The best way to protect the hard work you have put into your business is through a sound commercial insurance policy. At Maschoff Insurance Agency LLC, serving Ankeny, IA, we make it our business to help business owners like you find the right insurance products. Check out these frequently asked questions concerning commercial insurance. 

What Is Commercial Insurance?

Commercial insurance is a unique set of insurance products specially designed for the business owner. These insurance products help business owners protect their properties, employees, and assets. There are many different elements that go into a successful business, and commercial insurance policies can help you to cover all of these elements with one convenient policy. 

What Does Commercial Insurance Cover?

Each business is different, so each commercial policy will be different as well. Your insurance representative will be able to help you customize a policy that is perfect for you and your business needs. There are, however,  a few general areas that commercial insurance covers. General types of coverage include:

  • Property Damage- Property damage coverage will help repair or replace the property that is damaged due to natural disaster, fire, or burglary. 
  • Liability Coverage- Liability coverage will kick in if someone is injured on your business property or because of your goods or services. This type of coverage can help pay for medical bills or legal expenses resulting from an incident. This is an important type of coverage to have if you wish to protect your business and personal assets.

If you would like to learn more about our services, please contact our office at Maschoff Insurance Agency LLC, serving Ankeny, IA.

Servicing States

  • Iowa
  • Missouri
  • Kansas


Partner Carriers

  • Columbia Insurance
  • Donegal
  • First Comp
  • Hagerty
  • Lemars
  • Liberty Mutual
  • Markel
  • Metlife
  • Nationwide
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  • Safeco
  • State Auto
  • Wellmark
  • West Bend
  • Zurich-US Assure