Arizona Business Insurance
Customized protection for your Arizona business
Arizona business owners should consider several types of business insurance to protect against risks related to their business property, employees and daily operations. A variety of incidents including customer slips and falls, natural disasters and employee injuries can lead to expenses that might be difficult to overcome without insurance.
Arizona reported 69,600 non-fatal workplace injuries in 2018, with nearly 84% of them from private sector businesses, according to the Bureau of Labor Statistics. An employee missing work, even for a short amount of time, can disrupt business operations and threaten cashflow.
Shop for workers’ comp, general liability and other coverages through the Progressive Advantage® Business Program. We’ll help you customize a policy that meets your business needs.
Types of AZ business insurance
This is the most common business insurance coverage and nearly all businesses in Arizona should have it. It protects against third-party bodily injury and property damage, as well as personal and advertising injury.
You need this coverage if you use your vehicles for your business, such as making deliveries or traveling between job sites. It provides liability and physical damage coverage for your work vehicles and trailers that typically aren’t covered by a personal auto policy.
Businesses in Arizona are required to have workers' comp insurance if they have employees. Workers’ compensation insurance helps pay for expenses related to employees becoming injured or ill while working for you.
Business Owners Policy (BOP)
A BOP combines property and liability coverage into one easy-to-manage policy. It’s a great option for small to medium-sized businesses that rent or own commercial property such as a storefront, warehouse or office building.
Arizona businesses that offer professional services should consider this coverage. It protects businesses from claims of professional negligence, both actual or alleged, and helps pay for defense costs. It’s also known as errors and omissions insurance (E&O).
This protects against incidents like data breaches and cyber attacks. It includes first-party and third-party protection for things like investigative services, data recovery and legal costs. Businesses that store or manage customer data, like credit card information, typically need this coverage.
How much does business insurance cost in Arizona?
The cost of an Arizona business insurance policy depends mostly on the type of work you do. Some industries are exposed to more risk than others and often need specialized coverage that is usually more expensive. For example, general contractors who manage large projects with several subcontractors will pay more than a handyman who works independently on smaller projects.
Other factors that affect your rate include coverage needs, business size and location. For example, a business in Phoenix can expect a different rate than a business in Tempe.
Arizona business insurance requirements
Workers’ compensation is the only type of business insurance required by Arizona state law. Small business owners have the option to purchase coverage through a private insurance carrier or through the state’s private insurance fund.
Minors, migrant workers and family members are considered employees and are required to be covered by a workers’ comp policy, according to the Industrial Commission of Arizona. Exceptions exist for independent contractors or those who aren’t typically involved in the usual business of an employer.
While Arizona doesn’t legally require businesses to carry other coverages, like general liability or a BOP, many prospective clients and landlords do. They usually include specific coverage and limit requirements in their contracts which must be met before you’re allowed to start working with them.
Resources for Arizona small business owners:
Arizona professions we insure
We help small business owners from a wide variety of industries, including these common professions:
- Cleaning services
Browse more examples of professions we insure.
Why choose Progressive?
Options – We can help you secure coverage at any stage of your business’s development with the flexibility to adjust your policy as your business changes. Our agents will work with you to make sure you’re getting protection that meets both your needs and budget.
Experts – As the #1 Commercial Auto Insurer in America*, you can trust us with all your business insurance needs. Our team of specially trained, in-house agents can assist you every step of the way to make sure you’re getting the best coverage for your business.
Convenience – There are several ways to get a quote whether you need a single Arizona policy or a combination of business insurance coverages. Simply start a quote online or call us to speak with an agent.
Business insurance for all Arizona cities
We can customize business insurance in all Arizona cities, including, but not limited to:
*No. 1 commercial auto insurer from SNL Financial’s 2019 national written premium data.