Idaho Business Insurance
Customized protection for your Idaho business
Idaho business owners should consider a variety of coverages to protect their business for financial and legal reasons. Customer slips and falls, vehicle accidents and employee injury are just a few of the many incidents that can financially devastate a business without the proper insurance.
Small businesses account for over 99% of all businesses in Idaho, according to the U.S. Small Business Administration (SBA). They employ 325,294 workers, which equates to more than half of the state’s workforce. Under Idaho law, businesses must carry workers’ compensation insurance to protect their employees should they become injured or ill on the job.
Luckily, finding protection is easy with the Progressive Advantage® Business Program. Our insurance experts can help businesses of all sizes find the types of coverage they need, including workers’ compensation, cyber insurance and general liability.
Types of ID business insurance
How much does business insurance cost in Idaho?
The cost of Idaho business insurance depends on a variety of factors, including your business’s size, age and location. For example, a small business located in Boise with two employees will have a different insurance rate than one that’s located in Pocatello with twenty employees.
One of the most important cost factors is the type of work your business does. Some professions are exposed to more risk than others and can expect to pay a higher rate for insurance because of it. For example, a general contractor will likely pay more for insurance than a finish carpenter because general contractors often manage larger projects that involve various subcontractors, which exposes them to more risk.
Idaho business insurance requirements
Workers’ compensation is required by Idaho law for businesses that have one or more employees. This applies to full-time, part-time, seasonal and occasional employees.
While workers’ comp is the only type of business insurance required by law, it’s a good idea to consider other business coverages like general liability or a BOP. Carrying the proper coverage can give you peace of mind and protect your business in the event of an accident or mishap.
Resources for Idaho small business owners:
Idaho professions we insure
We help small business owners from a wide variety of industries, including these common professions:
Browse more examples of professions we insure.
Business insurance for all Idaho cities
We can customize business insurance in all Idaho cities, including, but not limited to: