Rhode Island Business Insurance

Customized protection for your Rhode Island business

Rhode Island businesses should consider carrying business insurance to protect their livelihood from mishaps and accidents, such as a customer slip and fall or an employee injury. These incidents can lead to financial debts that might be difficult to overcome without it.

Rhode Island is home to over 105,000 small businesses that employ over 228,000 people, according to the U.S. Small Business Administration. These businesses are required to protect their employees with workers’ compensation insurance.

Luckily, finding the business insurance that matches your needs is easy with the Progressive Advantage^® Business Program. Simply call us to speak with a licensed professional or start a quote online

Types of RI business insurance

General Liability

This is the most common business insurance coverage, and nearly all businesses in Rhode Island 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 Rhode Island 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

Rhode Island 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 Rhode Island?

The cost of business insurance in Rhode Island is different for each business. That’s because rates are determined by several factors, including business size, location and experience. For example, a brand new business located in Providence will have a different insurance cost than an established business located in Warwick.

Another important factor is the type of work your business does. Some professions are exposed to more risk than others. For example, a tree service is exposed to more risk than a landscaping company because their job is complex and requires working high off the ground. They can expect to pay more for coverage because of it.

Discover other factors that affect your business insurance rate.

Rhode Island business insurance requirements

Rhode Island legally requires businesses with employees to carry workers’ compensation insurance. While this applies to most businesses, there are a few exceptions. Sole proprietors and some domestic and agricultural workers are exempt, although their employers can still choose to carry workers’ compensation to protect them.

Visit the Rhode Island Department of Labor and Training website to learn more.

Other business insurance coverages, like general liability, aren’t legally required in Rhode Island, but you should still consider them. Call us or start a quote online to get a policy customized to your specific needs.

Resources for Rhode Island small business owners:

Rhode Island Business Resources (RI Commerce)
Rhode Island Small Business Services (RI Secretary of State)
2023 Rhode Island Small Business Profile (U.S. Small Business Administration)
Rhode Island Small Business Development Center (RISBDC)

Rhode Island 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?

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 Rhode Island policy or a combination of business insurance coverages. Simply start a quote online or call us to speak with an agent.