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 US 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
This is the most common business insurance coverage and nearly all businesses in Idaho should have it. It protects against third-party bodily injury and property damage, as well as personal and advertising injury.
This coverage protects against damage to your vehicles and trailers, as well as injuries or property damage related to their use. Your personal auto policy doesn’t cover vehicles while they’re being used for business reasons.
All businesses in Idaho that have one or more employees are required to carry workers’ comp insurance. 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.
Idaho 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 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 the general contractor often manages larger projects that involve various subcontractors, which exposes him 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:
- Technology / IT specialists
- Cleaning services
- Massage therapists
- Real estate agents
- Retail shops
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 Idaho 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 Idaho cities
We can customize business insurance in all Idaho cities, including, but not limited to:
- Boise City
- Idaho Falls
- Coeur d’Alene
- Twin Falls
- Post Falls
*No. 1 commercial auto insurer from SNL Financial’s 2019 national written premium data.