State laws can affect which business liability insurance policies you need for your small business.
Businesses in South Dakota are not required by law to carry workers’ compensation insurance, but coverage is highly recommended if you have employees. This policy covers medical bills for work injuries and illnesses.
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 general liability insurance or a business owner's policy (BOP).
This policy is important for all South Dakota 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 (E&O), protects professionals who are experts in their field. It covers client lawsuits over mistakes and missed deadlines.
This policy helps South Dakota businesses survive data breaches and cyberattacks by paying for client notification costs, legal fees, and other related expenses.
A BOP bundles property insurance and general liability insurance in one plan. It's often the most cost-effective type of commercial insurance for a South Dakota business.
Workers’ compensation insurance is beneficial for South Dakota businesses with employees. It can cover medical costs for work injuries and illnesses.
This policy is required for business-owned vehicles in South Dakota. It covers injuries and property damage in an accident, along with vehicle theft, vandalism, and weather damage.