Business Insurance in Milwaukee, WI

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Learn about Milwaukee's business requirements

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Which policies are recommended for Milwaukee businesses?

Milwaukee is ranked as one of the top U.S. cities for starting a business. Protect your small business with these insurance policies.
General liability insurance icon

General liability insurance

A general liability policy protects Milwaukee businesses from lawsuits related to customer accidents, defamation, and copyright infringement. Commercial leases often require this coverage.

BEST FOR
  • Customer injuries at your business
  • Damage to a customer's property
  • Libel and other advertising injuries
Workers’ compensation insurance icon

Professional liability insurance

This policy covers the cost of lawsuits related to mistakes and oversights, such as a recommendation made by a consultant that causes a client to lose money. It's also called business liability or errors and omissions insurance.

BEST FOR
  • Mistakes that cause financial loss
  • Accusations of professional negligence
  • Missed deadlines
Cyber insurance icon

Cyber insurance

Cyber liability insurance covers costs related to data breaches and cyberattacks. Every Milwaukee business that handles credit cards or other personal information should carry this coverage.

BEST FOR
  • Customer notification costs
  • Fraud monitoring services
  • Data breach investigations
Workers’ compensation insurance icon

Business owner’s policy

A BOP bundles general liability coverage and commercial property insurance together at a discount. It's the policy most often recommended for small businesses in Milwaukee.

BEST FOR
  • Customer injuries
  • Damaged business property
  • Business interruption coverage
Workers’ compensation insurance icon

Workers’ compensation insurance

Workers’ comp is required for Milwaukee businesses with more than three employees. It covers medical bills for sole proprietors who suffer a work-related injury, which personal health insurance may not cover.

BEST FOR
  • Employee medical expenses
  • Partial missed wages
  • Lawsuits over employee injuries
Commercial auto insurance icon

Commercial auto insurance

All vehicles owned by Milwaukee businesses must be covered by a commercial auto policy. This policy covers auto accident injuries and property damage.

BEST FOR
  • Medical bills from an accident
  • Property damage caused by your vehicle
  • Auto accident lawsuits
Errors and omissions insurance icon

Errors and omissions insurance

Consultants and professional services in Milwaukee carry this coverage to protect against legal costs from clients harmed by your advice or services. It's sometimes called professional liability insurance.

BEST FOR
  • Errors and oversights
  • Late or incomplete work
  • Negligence accusations
Commercial property insurance icon

Commercial property insurance

Also called business property insurance, this policy covers the cost of repair or replacement of your office building's physical structure and its contents, such as furniture. Bundle it with general liability coverage in a BOP for a discount.

BEST FOR
  • Storm damage
  • Fires
  • Theft and vandalism
Umbrella / excess liability insurance icon

Commercial umbrella insurance

An umbrella policy provides coverage once the limit is reached on your underlying general liability insurance, commercial auto insurance, or employer's liability insurance.

BEST FOR
  • Customer lawsuits
  • Auto accident lawsuits
  • Employee injury lawsuits
Looking for different coverage? See more policies.

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Which business insurance policies are required in Milwaukee?

State and local laws determine the type of coverage you need. These policies will help you comply with Milwaukee business insurance requirements.
Purple check mark

Workers' compensation insurance

Milwaukee employers are generally required to have workers' compensation insurance for their employees with few exceptions.

Workers' compensation protects employees in the event of an accident or injury during business operations. It also provides defense costs for the employer if an employee sues, claiming the business failed to reasonably prevent an accident.

Employers with more than three full-time or part-time employees and businesses with employees who earn over $500 in a calendar quarter must provide workers' comp for their workers.

Small business owners who employ six or more farm workers for 20 or more days in a calendar year must also secure workers' compensation. Lastly, out-of-state businesses that employ Wisconsin workers must have workers' comp insurance to cover their employees.

There are some employment exemptions where Milwaukee employers do not need to provide workers' comp insurance, including volunteers, real estate brokers, and certain farm employees.

Purple check mark

Commercial auto insurance

Any Milwaukee business that owns and operates commercial vehicles must have a commercial auto policy. Commercial auto insurance will cover auto damage and medical costs in the event of an injury.

Milwaukee business owners need to maintain a minimum coverage of:

  • Bodily injury liability: $25,000 for each person / $50,000 for each accident
  • Property damage liability: $10,000 for each accident

Those in the trucking industry or businesses who own commercial vehicles with a Wisconsin Department of Transportation serial number may need to obtain additional coverage.

How much does business insurance in Milwaukee cost?

A small business owner calculating their small business insurance payments

Small businesses in Milwaukee can get policies from leading insurance companies for a low monthly rate. Here are a few average costs for Wisconsin businesses:

General liability: $44 per month
Workers' comp: $49 per month
Professional liability/E&O: $62 per month

The cost of business insurance depends on factors such as:

  • Type of business
  • Number of employees
  • Policy limits and deductibles
  • Claims history

How to get insurance for your Milwaukee business

View video transcript.

We're on top of your small and medium-sized business insurance needs. We'll help you find policies that protect what you've worked so hard to build. Start here.

Tell us about yourself. Questions? We've got your back. The info you share is secure. We'll double-check it and a pro with experience in your field will be in touch.

Fast? You can compare quotes from leading insurance providers in seconds and get a certificate of insurance the same day.

Always online, always on your side. Helping protect your business.

Are you ready to get insurance coverage for your Milwaukee business? Complete Insureon's easy online application to get quotes from top-rated providers.

FAQs about Milwaukee business insurance

Review answers to frequently asked questions about Milwaukee business insurance coverage.

How do I get a certificate of insurance for my business?

You may need to get small business insurance fast to fulfill a state law requirement or to sign a building lease. Getting insurance can be done in three simple steps:

  1. Fill out Insureon's easy online application to get free quotes from top-rated insurance agencies.
  2. Select your insurance policies and submit your payment.
  3. Login to your account and download your certificate of insurance.

Our insurance agents are standing by to help you find the best coverage options for your Milwaukee business. Most policies are active within 24 hours.

Can my business be held liable for a data security breach?

Milwaukee businesses that experience a cyber attack or data breach must inform affected Wisconsin residents within 45 days that their personal information was compromised. If more than 1,000 people are affected, the business must inform consumer reporting agencies.

Personal information is defined as a person's first name and last initial or last name combined with:

  • A social security number
  • A driver's license number
  • A credit or debit card number
  • Biometric data
  • Passwords to financial accounts

Cyber insurance can help Milwaukee businesses handle the expense of a data breach or cyber attack.

Does my industry affect Milwaukee insurance requirements?

Certain industries have different rules and requirements for the types of insurance they must carry in order to operate.

Examples of industry-specific business insurance requirements include:

Check with your industry, licensing, or contractor requirements to ensure your small business is adequately protected.

How can I get help starting a small business in Milwaukee, WI?

If you're looking to open up a small business in Milwaukee, check out these helpful resources.

How can I save money on Milwaukee business insurance?

Saving money on small business insurance is easy. With Insureon, you can fill out a free online application, and our licensed agents will help you find the best types of business insurance for your needs and budget.

A few other ways to save:

  • Shop around and compare business insurance coverage options.
  • Bundle instead of buying separate policies. Policy bundles, such as a business owner's policy, combine general liability insurance and a commercial property insurance policy to save you money.
  • Keep a safe and compliant workplace. The fewer accidents and lawsuits your business has, the lower your premiums will be.

Learn more about finding cheap business insurance.

Find insurance quotes for your Milwaukee business

Save money by comparing insurance quotes from multiple carriers.