Business Insurance in Alaska FAQ - Quick Answers

While you can't know your exact costs for commercial coverage without quotes, you can understand what impacts them the most. Check out the following risk factors that carriers look for when rating your small business insurance premiums in Alaska:

  • Type of industry
  • Number of employees
  • Gross annual sales
  • Location of business
  • Number of company vehicles
  • Safety practices in place
  • Past claims reported
  • Number of years in operation

In Alaska, you're required to have workers' compensation insurance if you have one employee or more. You'll also be mandated to have the minimum limits of liability for any company-owned autos. While other coverages may be worth looking into, they aren't usually required by law.

Business insurance in Alaska covers your exposures based on your daily operations. Every policy will be different for every company, but there are some options listed below that are often used by small businesses:

Your Alaska small business can have several liability policies depending on your risks. Check out common liability insurances for your operation:

In Alaska, you can obtain quotes for company-provided health insurance through a local independent insurance agent. Your small business is only required to offer health coverage when you have 50 or more employees, but some still want to add protection to their staff's benefits package.

When it comes to finding the best small business insurance, you'll have a lot of options. In Alaska, ProgressiveTravelers, and Hanover insurance companies are top-rated. These carriers are used by many business owners due to their excellent claims service and superior coverage offerings.

Do You Know What Your Business Insurance Covers in Alaska?

Find the Best Business Insurance in Your City

National Business Insurance Stats

Number of businesses in the US: 30,819,176

Burglary rate per 1,000 residents in the US: 3.76

Auto theft rate per 1,000 vehicles in the US: 2.29

CityNo. businessesBurglaries / 1,000 peopleAuto thefts / 1,000 cars