North Carolina Business Insurance
Customized protection for your North Carolina business
North Carolina business owners should consider several types of commercial insurance for financial and legal reasons. Customer injury, property damage and data breaches are a few of the many incidents that can result in debts that put their business’s financial health at risk.
North Carolina reported 93,000 non-fatal workplace injuries in 2018, with nearly 80% of them from private sector businesses, according to the Bureau of Labor Statistics. Incidents like these can disrupt business operations and cash flow. Insurance helps minimize these consequences.
The Progressive Advantage® Business Program can help you get a customized North Carolina business insurance quote that reflects your specific situation.
Types of NC business insurance
How much does business insurance cost in North Carolina?
The cost of a North Carolina business insurance policy depends primarily on the type of work that you do. Businesses are rated on the exposures that are unique to their industry. High-risk professions, like tree trimmers, usually need specialized coverage that is typically more expensive.
Other factors that affect your rate include coverage needs, business size and location. For example, a business in Charlotte can expect a different rate than a business in Winston-Salem.
Learn more about the factors that influence your cost, or get a free online quote to find out your rate.
North Carolina business insurance requirements
Workers’ compensation is required by law in North Carolina for almost all businesses with three or more employees. Small business owners can qualify to become self-insured or get coverage through a private insurance carrier or the state’s insurance fund.
General contractors don’t need to carry workers’ comp for the subcontractors they hire. However, they must provide coverage to a subcontractor’s employees if they employ less than three people. Subcontractors without employees don’t need workers’ comp unless it's required as a condition of their employment.
While other types of coverage aren’t legally necessary in North Carolina, it’s common for prospective clients and landlords to require general liability or a BOP before a business can begin working with them.
Resources for North Carolina small business owners:
North Carolina 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?
Business insurance for all North Carolina cities
We can customize business insurance in all North Carolina cities, including, but not limited to: