North Dakota Business Insurance
Customized protection for your North Dakota business
North Dakota business owners should consider business insurance to protect their livelihood from a variety of costly incidents that can happen at work. This includes common accidents and mishaps, such as a customer slipping and injuring themselves at your shop or an employee suffering a work-related injury or illness.
According to the U.S. Small Business Administration (SBA), North Dakota small businesses make up over 98% of all businesses in the state and employ nearly 200,000 people. These businesses must protect their employees with workers’ compensation insurance.
Luckily, finding customized business insurance is simple with the Progressive Advantage® Business Program. Our insurance experts will help tailor a policy to your business’s needs. Simply call us or start a quote online.
Types of ND business insurance
How much does business insurance cost in North Dakota?
The cost of business insurance in North Dakota is based on many factors, including a business’s experience, size and location. For example, a business located in Fargo with three employees will have a different insurance cost than one located in Bismarck with nine 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, which causes their rates to differ. For example, a tree trimmer who works high off the ground is exposed to more risk than a landscaper who works only at ground level and can expect to pay a higher premium because of it.
Learn more about the factors that determine your business insurance rate.
North Dakota business insurance requirements
North Dakota requires all businesses with employees to carry workers’ compensation insurance. Unlike most other states, North Dakota’s unique laws restrict businesses from purchasing workers’ comp through private insurance carriers. Instead, all businesses must purchase coverage directly through the state’s insurance fund. Visit the North Dakota Workforce Safety & Insurance to learn more or to apply for coverage.
While workers’ compensation insurance is the only business insurance required by law in North Dakota, it’s important to consider other types of coverage to protect against common business risks. Additional coverages, like general liability or a BOP, can help protect your business from the financial hardships that often result from unexpected incidents.
Resources for North Dakota small business owners:
North Dakota 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 North Dakota cities
We can customize business insurance in all North Dakota cities, including, but not limited to: