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
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:
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?
Business insurance for all South Dakota cities
We can customize business insurance in all South Dakota cities, including, but not limited to: