Arkansas Business Insurance FAQ - Quick Answers

There are a number of things that impact your small business insurance premiums, and you can't know your costs without a customized quote. In Arkansas, carriers review the following risk factors when rating your coverage:

  • 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

Several policies could be necessary for your small business. In Arkansas, you are required to carry workers' compensation insurance when you have three or more employees. You'll also need to have the minimum limits of liability for any vehicles that are used for the business. Other significant policies that you may need to be fully protected aren't mandated by law.

Your Arkansas small business will have options when it comes to coverage, however, the most commonly obtained policies are as follows:

In Arkansas, there are multiple small business liability policies to choose from when purchasing coverage. Check out the most common below: 

According to the Affordable Care Act, you're not required to offer health insurance unless you have 50 employees or more. However, you may want to add it to your staff's benefits for additional value. A local trusted adviser can run quotes for free.

There are several carriers for your small business, and finding the best can be challenging if you're unsure where to start. In Arkansas, Nationwide, Travelers, Hanover, and Progressive are highly rated. These companies are best known for their superior coverage options and claims handling.

Do You Know What Your Business Insurance Covers in Arkansas?

Find the Best 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
Fort Smith7,9939.224.38
Hot Springs4,61820.265.61
Little Rock20,9348.875.39
North Little Rock5,5765.715.65
Pine Bluff3,16415.766.53