Minnesota state law requires businesses to carry workers’ compensation insurance for all employees. Sole proprietors, partners, and corporate officers in Minnesota are excluded from compulsory coverage. This policy covers medical bills for work injuries and illnesses.
All business-owned vehicles in Minnesota must be covered by commercial auto insurance. Minnesota requires a minimum of:
Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance, as personal auto policies usually exclude business use. It can be added to general liability insurance or a business owner's policy.
This policy is important for all Minnesota businesses. It covers common risks, including customer property damage and injuries. Most commercial leases require this coverage.
This policy, also called errors and omissions insurance, protects professionals whose work depends on their expertise. It covers client lawsuits over mistakes and missed deadlines.
This policy helps Minnesota businesses survive data breaches and cyberattacks by paying for client notification costs, legal fees, and other related expenses.
This policy bundles property insurance and general liability insurance in one plan. It's often the most cost-effective type of commercial insurance for a Minnesota business.
Workers’ compensation insurance is required for all Minnesota businesses that employees. It can cover medical costs for work injuries and illnesses.
This policy is required for business-owned vehicles in Minnesota. It covers injuries and property damage in an accident, along with vehicle theft, vandalism, and weather damage.
In Minnesota, insurance agents, agencies, and brokers are licensed by the Minnesota Department of Commerce Insurance Division. Insureon is licensed in Minnesota as BIN Insurance Holdings LLC (NPN 15752926) for property and casualty insurance (license number 40209420). You can verify our licensure with the Sircon Corp. Verification System by selecting Minnesota, Agency, and then entering our license number.