Nebraska Business Insurance
Customized protection for your Nebraska business
Nebraska small businesses should consider several types of business insurance to protect against a wide range of incidents including business property damage, customer slips and falls and employee injury. These situations can result in financial hardship that might be difficult to overcome without it.
Small businesses account for 99.1% of Nebraska businesses and employ over 400,000 people, making them an important part of the state’s economy. These businesses are required by Nebraska state law to protect their employees with workers’ compensation insurance.
Luckily, getting the right coverages for your business is easy with Progressive Advantage® Business Program. Whether you need general liability, a BOP, or workers’ comp, our insurance experts can customize a policy just for you.
Types of NE business insurance
This is the most common business insurance coverage and nearly all businesses in Nebraska 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.
Businesses in Nebraska 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.
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.
Nebraska 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 Nebraska?
The cost of business insurance in Nebraska depends on several factors, including your business’s profession, location and size. For example, a coffee shop located in Lincoln with five employees can expect a different rate than a diner located in Omaha with twenty-five employees.
One of the most important factors is the type of work your business does. Businesses exposed to a higher amount of risk can expect to pay more for business insurance. For example, a lawn service that specializes in mowing and light yard work is considered to have less risk than a tree trimming business that specializes in the pruning and removal of tall trees. In this scenario, the tree trimmer can expect to pay more for coverage because their risk is greater.
Learn more about the factors that affect your business insurance rate.
Nebraska business insurance requirements
Workers’ compensation insurance is the only business insurance coverage required by Nebraska law for businesses with one or more employees. Federal employees, railroad employees and domestic servants are exempt from this requirement. Learn more about Nebraska’s workers’ compensation laws.
While you’re not legally required to carry other types of business insurance in Nebraska, it’s probably a good idea that you do. Some business partners might require that your business is insured before entering a contract or doing business with you.
Resources for Nebraska small business owners:
Nebraska professions we insure
We help small business owners from a wide variety of industries, including these common professions:
- Real estate agents
- Technology / IT specialists
- Cleaning services
- 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 Nebraska 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 Nebraska cities
We can customize business insurance in all Nebraska cities, including, but not limited to:
- Grand Island
- North Platte
*No. 1 commercial auto insurer from SNL Financial’s 2019 national written premium data.