South Dakota Business Insurance

Customized protection for your South Dakota business

South Dakota businesses should consider carrying business insurance to protect their livelihood from the financial obligations that often result from a variety of work-related incidents. This can range from claims of professional negligence to customer slips and falls.

Luckily, finding the right insurance for your South Dakota business is easy with the Progressive Advantage^® Business Program. Our insurance experts can help you customize a policy to match your needs.

Types of SD business insurance

General Liability

This is the most common business insurance coverage, and nearly all businesses in South Dakota 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

Workers’ compensation insurance helps pay for expenses related to employees becoming injured or ill while working for you. It’s not required by law, but your business could be responsible for the cost of an employee injury without it.

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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

South Dakota 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 South Dakota?

The cost of South Dakota business insurance is based on several factors, including a business’s size, location and years in business. For example, a business located in Sioux Falls with three employees will have a different rate than a business located in Rapid City with ten employees.

One of the most important factors is the type of work that a business does. Some professions are exposed to more risk than others. For example, a window washer that scales the exterior of tall buildings is considered high risk and will likely have a higher insurance cost than a cleaning service that only does work from the interior of buildings.

South Dakota business insurance requirements

Business insurance, including workers’ compensation, isn’t required in South Dakota. The state’s Department of Labor and Regulation strongly recommends that businesses with employees consider workers’ comp coverage even though it’s not mandatory. Employers who choose to go without coverage are subject to lawsuits should an employee get injured on the job.

It’s also a good idea to consider other business coverages, like general liability, professional liability or a BOP, to protect the various aspects of your business. Let us help you get started. Call us or start a quote online.

Resources for South Dakota small business owners:

Information for South Dakota Businesses (SD.gov)
2023 South Dakota Small Business Profile (U.S. Small Business Administration)

South 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.

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