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
New Britain3,9482.602.50
New Haven8,9765.055.51
West Hartford6,5562.071.34

Business Insurance in Connecticut FAQ - Quick Answers

The cost of your business insurance in Connecticut will vary and quotes are needed for exact premiums. However, you can understand what information carriers use to rate 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

In Connecticut, workers' compensation insurance is required when you have just one employee. Another policy that is mandated is commercial auto coverage. Your other policies are useful to consider, but not required by state law in most cases.

Business insurance in Connecticut comes in several different forms. However, there are a variety of policies that are used most often by small business owners:

In Connecticut, small business liability insurance can come in many forms, depending on your exposures. Below are some of the most common liability coverage options:

If you're a small business owner in Connecticut, you may want to offer health coverage to your staff. While it's not a requirement by law unless you have 50 employees or more, it may be worthwhile to consider. Get quotes through a local independent insurance agent. 

When you own a small business, you'll have options on your insurance coverage. In Connecticut, TravelersNationwideHanover, and Progressive insurance companies are top-rated. This is due to their exceptional customer service and broad limits. 

Do You Know What Your Business Insurance Covers in Connecticut?

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