Popular Questions About Delaware Business Insurance

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Why should I have Delaware business insurance?

$22.2 billion

Total revenue made by small businesses in Delaware

Without insurance, business claims have to be paid out of your pocket, meaning they have to be paid out of your business’s revenue. So if an intense winter storm, an unexpected fire or a criminal act damages your property, you'll have a serious financial loss.

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How have other business owners used their business insurance?

40%

of small businesses are likely to experience a property or general liability claim in the next 10 years.

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Theft or Burglary
$8,000
average cost per claim
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Water & Freezing
$17,000
average cost per claim
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Wind & Hail Damage
$26,000
average cost per claim
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Fire Damage
$35,000
average cost per claim
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Customer Slip & Fall
$20,000
average cost per claim

How does Delaware business insurance help me?

Delaware business insurance will pay for covered claims so your business doesn’t have to. It's a financial protection plan that gives you peace of mind when something unexpected happens so you can focus on your bottom line.

Here’s what a standard business insurance policy should do:

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Pay for damage to your building

We call this “Commercial
Property Insurance.”

Example: A tree falls on your office building.

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Pay for damage to your business property

We call this “Business Personal Property Insurance.”

Example: A fire destroys all your computers.

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Pay for damage to someone else’s property

We call this “General Liability Insurance.”

Example: A contractor does a poor job of installing a cabinet, resulting in its falling and breaking homeowner's kitchenware.

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Pay for someone else’s medical bills

We also call this “General Liability Insurance.” 

Example: A customer slips and falls on your recently mopped floor and breaks an arm.

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Pay for accidents in company vehicles

We call this “Commercial Auto Insurance.”

Example: Your salesperson rear-ends someone while driving to an appointment.

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Pay for employee injuries & compensation

We also call this “Workers' Compensation.”

Example: An employee falls off a ladder at work and can’t work for two weeks.

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Sometimes, these coverages are not enough to properly protect a business against risk. Your business most likely faces unique risks and may need additional coverages. For example, if you offer financial services or legal counsel, you will need much different coverages from a retail store or manufacturing factory.

To make sure you're properly insured, we can match you with the right independent insurance agent who specializes in your field. That way, you'll receive comprehensive, affordable and personalized insurance.

What Insurance Does Delaware Require for Businesses?

While a commercial insurance policy is not required of business owners, certain aspects of it may be. For example, in this state, businesses that employ at least one full- or part-time employee must carry workers' compensation insurance. Additionally, businesses that have company-owned vehicles must carry commercial auto insurance. To learn more about coverage that you may need to carry, you can talk with a local Trusted Choice® agent.

How much does Delaware business insurance cost?

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Primarily, it depends on how risky your business is. The riskier your business is, the higher your insurance will be. Here are two examples.

$260

Annual Premium

 A sole proprietor who owns a garment hemming business.

$22,700

Annual Premium

A commercial landscaper with five employees who operate heavy machinery.

Find the Best Delaware Business Insurance Today

Business insurance rates are calculated using a number of factors such as the risks to your business property, your liability coverage needs, and the amount and types of coverage you want. Policies can vary significantly by business industry, so it is best to talk with an experienced insurance agent when building a suitable and comprehensive policy for your business.

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54

Agents in Delaware are ready to help.

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983

Delaware residents have already been helped by one of our agents.

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Top Business Insurance Companies in Delaware

An independent insurance agent compares policies from multiple companies to find the best coverage for your needs.

westfield
cna
mid-atlantic
markel
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Find the Best Insurance in Your City

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Newark

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How does having a business in Newark affect my commercial insurance rates?

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1 in 30

People experience property crime

The property crime rate in Newark is higher than the national average. That means that your commercial insurance policy could be more expensive, since your property is at greater risk for experiencing some sort of crime-related damage.

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AUTO THEFTS IN NEWARK, 2014

If your business owns a vehicle or a fleet of vehicles, you will need commercial auto insurance. Your rates will be based on a number of factors, including the number and types of vehicles you are covering and the risk of collisions and of vehicular theft in your city.

Average Workers' Compensation Cost for Popular Newark Business Industries

BASED ON $100,000 OF ANNUAL PAYROLL

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$240

educational services INDUSTRY

$3,090

RETAIL TRADE INDUSTRY

The educational services industry is the most common type of business in the Newark area, at 24% of all businesses. Retail trade (11%) and food services (11%) are close behind. But each of these businesses has its own unique risks, and employees face greater risk at each one, differently. That's why workers' compensation rates vary so much and why you should talk to a Trusted Choice agent about what kind of coverage you need.

Find the Best Newark Commercial Insurance

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Agents in Newark are ready to help.

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118

Newark residents have already been helped by one of our agents.

See what others are saying about our Newark agents …

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My agent has handled my insurance for several years now. He's the best. He is knowledgeable and focuses on my individual needs, and he never pressures. Plus, he's a genuinely nice guy.

Susan B., Google Review

Everyone at this agency is top-notch. They are knowledgeable, responsive and trustworthy. I'm so glad I chose them to handle my family's insurance needs.

Jodi C. , Google Review
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Wilmington

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How does having a business in Wilmington affect my commercial insurance rates?

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1 in 18

People experience property crime

In Wilmington, criminal activity can happen when you least expect it. Property crimes like theft and arson can lead to large business losses if you do not have the right insurance. That's why you need to ensure you're protected against the worst case scenarios.

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AUTO THEFTS IN WILMINGTON, 2014

Your commercial auto insurance rate will be based on the number and types of vehicles you are covering, the risk of collisions and the amount of vehicular theft in your city. It's personalized and unique to your specific business. Ensure your employees and company cars are protected on the road by getting appropriate auto coverage for your small business.

Average Workers' Compensation Cost for Popular Wilmington Business Industries

BASED ON $100,000 OF ANNUAL PAYROLL

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$3,090

retail trade Industry

$1,930

accommodation and food services industry

Why are these workers' comp rates different from one another? Base rates are set to reflect the various hazards of a particular job, which means that more hazardous professions will carry a higher premium than jobs where accidents are less likely to happen.

Find the Best Wilmington Commercial Insurance

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Agents in Wilmington are ready to help.

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289

Wilmington residents have already been helped by one of our agents.

See what others are saying about our Wilmington agents …

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My agent has been a trusted adviser to my family even before he opened his doors. Since he's been in business I have trusted him with my family's life policies, our disability insurance and my children's college funds. The service provided by his staff is top notch, and they work hard to ensure my family is continually protected.

Lavonne K., Google Review

This local agency is spectacular! The employees are all welcoming and genuinely want the best for every customer. Best insurance experience I have ever had!

Jimmy L., Online Review
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Dover

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How does having a business in Dover affect my commercial insurance rates?

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1 in 18

People experience property crime

You know that severe weather can seriously damage your property, but have you thought seriously about what property crimes like theft and arson could do? Don't be caught without a financial backup plan if something unexpected happens. Team up with a Trusted Choice agent to get comprehensive coverage against these risks.

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AUTO THEFTS IN DOVER, 2014

If your business owns a vehicle or a fleet of vehicles, you will need commercial auto insurance. But remember that your rate is extremely unique and will be based on a number of factors. Learn more by talking to a Trusted Choice agent.

Average Workers' Compensation Cost for Popular Dover Business Industries

BASED ON $100,000 OF ANNUAL PAYROLL

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$3,090

retail trade industry

$1,930

accommodation and food services Industry

The majority of Dover businesses are in the retail (18%) and food services (12%) industries. But each one presents its own unique risks to its employees. That's why average workers' comp coverages are different from one another. But because workers’ compensation insurance can be complicated, it's best to talk to an insurance professional to make sure you are fully covered and in compliance with all state laws.  

Find the Best Dover Commercial Insurance

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Agents in Dover are ready to help.

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Dover residents have already been helped by one of our agents.

See what others are saying about our Dover agents …

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I have been impressed with my agent's attention to detail and knowledge of industry offerings. In particular, he has saved his clients in insurance needs specific to auto and home insurance.

Joshua D., Google Review

This is by far the best insurance agency I've had and wouldn't think of changing it while I still live in this area no matter how many offers I get to switch. My agent is the best and talks to you not like an insurance agent but more like a friend she's known forever.

Brandon P., Google Review
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Smyrna

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How does having a business in Smyrna affect my commercial insurance rates?

1 in 37

People experience property crime

It's important to pay attention to the average crime rate in your area. Because an arson, theft or break-in can happen any time, you need the right kind and amount of insurance protection for your physical property. That way, you can make repairs and get back up and running in no time.

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AUTO THEFTS IN SMYRNA, 2014

The auto theft rate in this area isn't anything to be concerned about, but if your business owns a vehicle or a fleet of vehicles, you still need commercial auto insurance. You should have comprehensive protection for your company vehicles if an accident happens while your employees are on the road.

Average Workers' Compensation Cost for Popular Smyrna Business Industries

BASED ON $100,000 OF ANNUAL PAYROLL

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$3,090

retail trade industry

$730

finance and insurance industry

These numbers reflect the various hazards of a particular job, which means that more hazardous professions will carry a higher premium than jobs where accidents are less likely to happen. So, the retail trade industry, which accounts for 16% of all Smyrna businesses, will have a less expensive workers' comp policy than those in the manufacturing world (12%).

Find the Best Smyrna Business Insurance

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Agents in Smyrna are ready to help.

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Smyrna residents have already been helped by one of our agents.

See what others are saying about our Smyrna agents …

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We have car insurance, and everything has been great. Best customer service around!

Erica H., Google Review

Awesome service, great agents! If you want customized insurance, head to this agency.

Liz B., Google Review
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Milford

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How does having a business in Milford affect my commercial insurance rates?

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1 in 18

People experience property crime

Your business's physical property is an essential part of your business, deserving all the protection it can get against property crimes like theft and arson. Not only can this close your business for a period of time, but it can lead to large business losses if you do not have the right insurance.

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AUTO THEFTS IN MILFORD, 2014

If your business owns a vehicle or a fleet of vehicles, you need commercial auto insurance. But your rates will be based on a number of factors, so it will be completely personalized and fit your specific needs.

Average Workers' Compensation Cost for Popular Milford Business Industries

BASED ON $100,000 OF ANNUAL PAYROLL

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$5,160

manufacturing industry

$3,090

retail trade industry

These numbers vary so much because of how much risk the employee faces when on the job. The manufacturing industry, accounting for 30% of all Milford businesses, has more workplace hazards than a retail store does, which is why it's more expensive to protect manufacturing employees.

Find the Best Milford Commercial Insurance

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Agents in Milford are ready to help.

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Milford residents have already been helped by one of our agents.

See what others are saying about our Milford agents …

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If you want fast and easy results with no hassle for car, home, boat, motorcycle or rental property insurance coverage, this is your agent. He is our first agent of choice for our friends, family and clients and is always is looking out for his client’s best interest. Not just price, but the coverage you need.

Dana W., Google Review

My agent does the research needed and compares coverage for exactly what you need. If you are looking for that personal service that has been taken out of the industry, this agency will talk with you live one on one and give you all of the options available.

Chet U., Google Review
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Middletown

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How does having a business in Middletown affect my commercial insurance rates?

1 in 28

People experience property crime

In addition to severe weather events, property crimes like theft and arson can lead to large business losses if you do not have the right insurance. Remember that the crime rate in Middletown can affect your coverage rates.

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AUTO THEFTS IN MIDDLETOWN, 2014

If your business owns a vehicle or a fleet of vehicles, you will need commercial auto insurance. Your rates will be based on a number of factors, including the number and types of vehicles you are covering and the risk of collisions and of vehicular theft in your city.

Average Workers' Compensation Cost for Popular Middletown Business Industries

BASED ON $100,000 OF ANNUAL PAYROLL

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$5,160

manufacturing industry

$240

finance and insurance industry

Your business is required to have workers' comp coverage. But depending on which industry you're in, you'll pay a different amount. It all depends on the associated risk each employee faces and on the number of hazards in the workplace. Keep it in mind when talking to a local Trusted Choice agent.

See what others are saying about our Middletown agents …

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The staff and managers here are so attentive to all of our needs, and they always do what is in our best interest.

Dana V., Google Review

My business is completely protected thanks to my local agent. He helped us every step of the way and told us all about which coverages we needed.

Joan F., Google Review
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