Idaho

BUSINESS INSURANCE IDAHO
Idaho Insurance License: 348580

The business climate in Idaho is ripe for entrepreneurs. In 2013, more than 90 percent of Idaho businesses were exempted from paying personal property tax. According to The Tax Foundation, Idaho has the second-lowest property tax in the nation. Thanks to the state's balanced budget, Idaho also has the sixth-best economic outlook of all states in the country. You can learn more about Idaho's flourishing economy on the Idaho Department of Commerce's page, "Economic Strength."

Even with a strong economy, though, there's no guarantee that your business won't face a liability lawsuit or unexpected property loss. Poise your business for growth in Idaho by protecting your investments with adequate coverage, such as General Liability, Property, Professional Liability, Workers' Compensation, and Employment Practices Liability Insurance.

Cut Costs on Your Coverage: Idaho Business Insurance Tips

  • Cut out the extra coverages. Work with a savvy insurance agent who understands your industry. Industry-specialized agents can ensure you aren't paying more for protection your business could do without.
  • Count yourself out of your Workers' Comp plan. Idaho doesn't require sole proprietors to purchase a Workers' Comp policy. If you have employees, you can save by only covering them.
  • Purchase Umbrella Liability Insurance. If you need additional liability protection, an Umbrella policy can help. It provides coverage to multiple policies in million-dollar increments for as little as a few hundred dollars per year.

Idaho Business Insurance Licensure Information

In Idaho, insurance agents, agencies and brokers are licensed by the Idaho Department of Insurance. Insureon is licensed in Idaho as BIN Insurance Holdings LLC (NPN 15752926) for Property & Casualty Insurance (License #348580). Verify our licensure with the Idaho Department of Insurance Insurance Company and Producer Search.

Additional Resources
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What it is, how to avoid it, and what to do if you face an advertising injury lawsuit.

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