Business Insurance in Minnesota

Compare multiple quotes from top carriers with one application.
Lady's slippers, Minnesota's state flower.
WE PARTNER WITH THE WORLD'S TOP A-RATED INSURANCE COMPANIES

Save money by comparing insurance quotes for Minnesota businesses

United States map.

Learn about Minnesota's insurance requirements

Fill out one application.

Complete one free online application

Fill out one application.

Compare multiple quotes and choose the best coverage

What are the requirements for small business insurance in Minnesota?

State laws can affect which insurance policies you need for your small business. These policies are required for Minnesota businesses.
Blue check mark

Workers' compensation insurance

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.

Blue check mark

Commercial auto insurance

All business-owned vehicles in Minnesota must be covered by commercial auto insurance. Minnesota requires $10,000 property damage liability per accident and $40,000 personal injury protection.

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.

Recommended insurance policies for small businesses in Minnesota

Looking for different coverage? See more policies.

How much does small business insurance cost?

Business woman calculating costs of insurance.

Commercial insurance can be affordable for a small Minnesota business. Factors that influence the cost include:

  • Your industry and risk
  • Coverage limits
  • Location
  • Number of employees
View Costs

Insureon specializes in Minnesota business insurance

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.

What our customers are saying
"I was confused about what type of coverage I needed and Holly was extremely helpful. Way more helpful than I had experienced with other companies. I got the exact coverage I needed!"
Jessica Shannon
Customer since 2016
Insureon customer reviews on Feefo
Compare Minnesota business insurance quotes
Save money by comparing insurance quotes from top carriers.