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Midvale Indemnity Co. is an online insurance provider for small businesses. It offers a Business Owner's Policy (BOP), which includes General Liability insurance, Business Personal Property insurance, and a Building policy. The company provides coverage for a variety of businesses, including artisan contractors, auto services, medical offices, and restaurants. Midvale Indemnity Co. aims to provide convenient and secure protection for businesses, ensuring they have the necessary insurance coverage without the confusion often associated with insurance. The company was founded in 1970 and is headquartered in Madison, WI, with a focus on property and casualty insurance.
| Characteristics | Values |
|---|---|
| Company Name | Midvale Indemnity Company |
| Industry | Property and Casualty Insurance |
| Company Type | Private company |
| Year Founded | 1970 |
| Headquarters | Madison, WI |
| Number of Employees | 41 |
| Parent Company | American Family Insurance |
| Investors | American Family Insurance, Kemper (Multiline Insurance) |
| Insured Businesses | Small businesses, artisan contractors, auto services, medical offices, restaurants, etc. |
| Insurance Offerings | Business Owner's Policy (BOP), General Liability, Business Personal Property, Building Policy, Electronic Commerce coverage |
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Small business insurance
Midvale Indemnity's Business Owner's Policy (BOP) is a comprehensive package that includes General Liability Insurance, Business Personal Property Insurance, and a Building Policy for those who own their business premises. General Liability Insurance protects against third-party claims for property damage or bodily injury, while Business Personal Property Insurance covers assets like computers, laptops, and leased property.
When considering small business insurance, it's important to assess your business's unique risks. For example, if your business is located in an area prone to seasonal events, you may want to consider commercial property insurance. Additionally, certain professions, such as healthcare, may require professional liability insurance or malpractice insurance.
To find the right insurance for your small business, it's recommended to consult with licensed insurance agents who can help you navigate the different options and choose the coverage that best suits your needs. Shopping around and comparing rates, terms, and benefits from several providers can help you find the most suitable and cost-effective solution.
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Artisan contractors
Midvale Indemnity Co. provides small business insurance to protect your business from third-party claims. This includes general liability insurance, which covers damage to someone else's property, bodily injury, and related medical costs. It also covers defence costs and judgments for covered losses for which your business is held liable, up to your policy limit. This means that you and your employees are covered if you are sued for negligence, property damage, injury, or slander.
- General Liability Insurance: This can protect artisan contractors if their work inadvertently causes damage to a client's property or if a client is injured as a result of their work. It also covers slander claims, which could be relevant if a dispute arises with a client.
- Business Personal Property Insurance: Artisan contractors often have expensive tools and equipment that are essential for their trade. This type of insurance can protect these items and cover the cost of repairs or replacements if they are damaged or stolen. This includes computers, laptops, printers, and other office equipment that may be used to run the business.
- Defence Costs: If an artisan contractor is sued by a client, the legal costs can be covered, which can provide peace of mind and financial protection.
- Protection for Tenant Improvements: If an artisan contractor occupies a building that they do not own, any improvements they make to the property (with the landlord's permission) can be covered. This includes fixtures and installations, which could be relevant for contractors who work on construction or renovation projects.
By having the appropriate insurance coverage, artisan contractors can focus on their craft while having peace of mind that they are protected financially if something goes wrong. Midvale Indemnity Co.'s small business insurance is designed to be convenient and accessible, providing support and protection for artisan contractors and their unique needs.
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Auto services
Midvale Indemnity Co. provides small business insurance, supporting small businesses in getting the protection they need.
Midvale Insurance also offers auto insurance, which is a legal requirement in almost every state. The auto insurance provided by Midvale includes:
- Car damage coverage: This covers the cost of physical damage to your vehicle in the event of an accident.
- Liability coverage: This covers your responsibility in the event of an accident, including medical expenses, lawsuits, and repairs due to theft, vandalism, or other disasters.
- Gap insurance: This covers the difference between the amount owed on a lease or loan and the total cost of replacing the vehicle.
- Emergency roadside service: This covers the cost of a locksmith if you lock your keys inside your car and pays for a mechanic or tow truck if your car breaks down and needs repairs.
- Rental car reimbursement: This helps cover the cost of a rental car while your own car is being repaired or is otherwise not drivable.
- Multi-product discount: This recognizes customers who insure their cars and homes with Midvale, offering a discount for bundling these services.
Midvale Insurance aims to provide peace of mind and protect its customers in various ways through its auto insurance services.
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Medical offices
Midvale Indemnity Co. provides a convenient and secure way for small businesses to get the protection they need. This includes medical offices, which can benefit from the company's General Liability insurance.
General Liability insurance, also known as Commercial General Liability insurance, safeguards medical offices from a range of potential issues. For example, it covers third-party claims for property damage and bodily injury, including related medical costs. This means that if a client visits your medical office and slips on a wet floor, the subsequent claim would typically be covered by this insurance. It also covers defence costs and judgments for covered losses for which your business is held liable, up to the policy limit.
Additionally, Midvale Indemnity Co.'s Business Personal Property insurance is relevant to medical offices. This type of insurance protects the property owned by the business and used in its operations. This includes tenant improvements, such as fixtures and installations made to a leased building, as well as leased property that the business is responsible for insuring. Medical offices often have valuable equipment and specialised furniture, which would be covered under this type of insurance.
Midvale Indemnity Co.'s insurance offerings provide peace of mind for small businesses, including medical offices, by ensuring that they are protected from potential liabilities and losses. With their help, businesses can recover from unexpected incidents and continue their operations without significant disruption.
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Restaurants
Midvale Indemnity Co. offers a range of insurance options for small businesses, including restaurants. The company provides a convenient and secure online platform for businesses to access the protection they need. Restaurants have unique insurance needs, and Midvale Indemnity Co. offers tailored packages to meet these requirements.
One of the key considerations for restaurants is the coverage of perishable food items and potential food contamination. Midvale Indemnity Co. offers optional coverages for food contamination and spoilage, which can protect restaurants from financial losses due to refrigerator breakdowns or power outages. This is in addition to the standard Business Personal Property insurance, which covers inventory, equipment, and other business-owned items.
When selecting an insurance package, restaurants should consider their unique risks and requirements. For example, a restaurant with a high amount of cash on hand due to cash-paying customers may require additional coverage for theft or robbery. Additionally, restaurants should ensure their insurance covers tenant improvements and leased properties, as well as any unique fixtures or installations they have made to a rented building.
Midvale Indemnity Co. provides a comprehensive range of insurance options for restaurants, ensuring that they can find the protection they need to safeguard their business and assets.
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Frequently asked questions
Midvale Indemnity Co. offers business insurance to small businesses.
Midvale Indemnity Co. offers a Business Owner's Policy (BOP) which includes General Liability insurance, Business Personal Property insurance, and a Building policy.
General Liability insurance, sometimes called Commercial General Liability insurance, protects your business from third-party claims for damage to someone else's property.
Business Personal Property insurance provides protection for the property you own that is used in your business. This includes tenant improvements such as fixtures and installations you've made to a building that you occupy but don't own, leased property, computers, laptops, printers, furniture, and office supplies. It may also cover your inventory if your business sells goods or products.
Midvale Indemnity Co. offers coverage for a wide range of businesses, including artisan contractors, auto services, medical offices, restaurants, and more.
