Montana Business Insurance

Customized protection for your Montana business

Montana business owners should consider carrying business insurance to help protect their livelihood against a variety of financially taxing incidents, including a client claiming professional negligence and a customer slipping and falling on a shop floor.

According to the U.S. Small Business Administration (SBA), Montana is home to over 130,000 small businesses that employ over 252,000 people. Montana state law requires these employees to be protected by workers’ compensation insurance provided by their employers.

Types of MT business insurance

General Liability

This is the most common business insurance coverage, and nearly all businesses in Montana should have it. It protects against third-party bodily injury and property damage, as well as personal and advertising injury.

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Commercial Auto

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.

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Workers' Compensation

Businesses in Montana are required to have workers’ comp insurance if they have one or more employees. Workers’ compensation insurance helps pay for expenses related to employees becoming injured or ill while working for you.

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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.

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Professional Liability

Montana 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).

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Cyber Insurance

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.

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How much does business insurance cost in Montana?

The cost of business insurance in Montana is based on several factors, including a business’s number of employees, years of experience and location. For example, a small business in Billings with three employees will have a different insurance rate than one in Great Falls with ten employees.

One of the most crucial cost factors is the type of work a business does, since some occupations are exposed to more risk than others. For example, a tree trimmer who works high above the ground has more risk than a landscaper who only works at ground level.

Learn more about the factors that affect your business insurance rate.

Montana business insurance requirements

Montana businesses are required by law to carry workers’ compensation insurance to protect their employees from accidents that can happen on the job. This includes full-time, part-time and seasonal employees.

There are a few exceptions to this law. Household or domestic workers, amateur athletic officials and church ministers are just a few of the professions that don’t require coverage under this provision. Learn more about Montana’s workers compensation requirements.

While workers’ comp is the only coverage required by law, carrying additional coverages, like general liability, can help protect against a variety of common business risks. Start a free online quote or call us to speak with a licensed professional today.

Resources for Montana small business owners:

Montana 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.

Why choose Progressive?

  1. Options

  2. Experts

  3. Convenience

Business insurance for all Montana cities

We can customize business insurance in all Montana cities, including, but not limited to:

  • Billings
  • Missoula
  • Great Falls
  • Bozeman
  • Butte-Silver Bow
  • Helena
  • Kalispell
  • Belgrade
  • Havre
  • Anaconda

More information

Man with Montana business insurance works in a commercial van

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