This policy is important for all Minnesota businesses. It covers common risks, including customer injuries. Most commercial leases require this business liability insurance.
This policy, also called errors and omissions insurance (E&O), protects Minnesota businesses that provide professional services or advice. It covers lawsuits related to work performance.
This policy covers financial losses from data breaches and cyberattacks. It's recommended for Minnesota businesses that handle credit card numbers and other sensitive data.
A BOP bundles commercial property insurance and general liability coverage in one plan. It's often the most cost-effective type of commercial insurance for a Minnesota business.
Workers’ comp insurance is required for all Minnesota businesses that employees. It also protects sole proprietors from work injury costs that health insurance might deny.
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.
State laws can affect which business insurance coverage you need. These policies are required everywhere in Minnesota, from Minneapolis to Duluth.
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.
Workers' comp covers medical bills for work-related injuries and illnesses. It also provides disability benefits to injured Minnesota workers.
All business-owned vehicles in Minnesota must be covered by commercial auto insurance. This policy covers the cost of accidents involving work vehicles.
Minnesota's minimum requirements for auto liability insurance are:
Trucking companies may need additional coverage to comply with regulations.
Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance (HNOA), as personal auto policies usually exclude business use. It can be added to a commercial general liability insurance policy (CGL) or a business owner's policy (BOP).
Insureon's licensed agents can help you find policies that fulfill Minnesota's requirements and your business insurance needs. Once you've purchased insurance with us, you can download a certificate of insurance by logging into your account.
In Minnesota, insurance agencies, agents, 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.