Lloydminster Income and Insurance Needs
The average after-tax income of two-or-more-person households in The City of Lloydminster in 2015 was $117,515, and 2,580 residents had an income of $100,000 and more, with 1,040 residents earning $150,000 and over. Many of these high earners are likely professionals such as those in the legal profession, business owners, medical doctors etc. and because of the threat of being sued, they often protect themselves with policies such as errors and omissions insurance, indemnity insurance, commercial general liability insurance, construction liability insurance and various other kinds of liability protections. With the importance of agriculture in the region, the requirement for farm insurance is also likely to be robust.