Popular QuestionsPopular Questions About Idaho Business Insurance

Why should I have Idaho business insurance?

In 2016 alone, insurance companies paid out more than $637 million in businesses insurance claims in the state of Idaho. Without commercial insurance, your business's revenues are at risk. 

This type of insurance protects your company's bottom line by covering many of the hazards your business faces. These can include losses, damage and liability lawsuits. An independent insurance agent can help you determine which coverage options are right for your particular business.

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. Here are some things these companies have been using their insurance on:

  • Theft Or Burglary: Average Cost Per Claim - $8,000
  • Water Damage & Freezing Pipes: Average Cost Per Claim - $17,000
  • Wind & Hail Damage: Average Cost Per Claim - $26,000
  • Fire Damage: Average Cost Per Claim - $35,000
  • Customer Slip & Fall: Average Cost Per Claim - $20,000
How does Idaho business insurance help me?

Idaho business insurance will pay for covered claims so your business doesn’t have to. It gives you peace of mind so you can focus on what matters: your business's bottom line.

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

Pay For Damage To Your Building

  • We call this “Commercial Property Insurance.”
  • Example: A tree falls on your office building.

Pay For Damage To Your Business Property

  • We call this “Business Personal Property Insurance.”
  • Example: A fire destroys all your computers.

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.

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.

Pay For Accidents in Company Vehicles

  • We call this “Commercial Auto Insurance.”
  • Example: Your salesperson rear-ends someone while driving to an appointment.

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.

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.

To make sure you're properly insured, we can match you with the right independent insurance agent who specializes in covering businesses that operate in your industry.

What Insurance Does Idaho Require for Businesses?

While business insurance is not necessarily mandatory, certain aspects of it may be. For example, in the state of Idaho, nearly all employers are required to carry workers' compensation insurance — even if they employ only one part-time or seasonal worker. 

Additionally, businesses with more than 50 full-time employees are required to provide them with health insurance coverage, and companies that own vehicles need to cover them with a commercial auto insurance policy. An independent agent can identify the mandatory and optional coverages available to you.

How much does Idaho business insurance cost?

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

  • A sole proprietor who owns a garment hemming business: $260 per year
  • A commercial landscaper with five employees who operate heavy machinery: $22,700 per year
How do I find the best business insurance in Idaho?

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.

It’s usually wise to work with an independent agent in Idaho since they have access to obtaining quotes and coverage options from multiple insurance companies. Sometimes it’s difficult to find an insurance company who will offer the coverage your business needs.

  • There are 135 independent agents in Idaho who are ready to help.
  • In 2017 our Idaho agents helped 469 people.
Top Business Insurance Companies in Idaho

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

travelers
mutal of enumclaw insurance
safeco insurance
stillwater insurance group

InformationFind the Best Insurance in Your City

How does your city measure up?

  • Number of business in the U.S.: 27,626,360
  • Number of businesses in Idaho: 146,642
  • Burglary rate per 1,000 residents in the U.S.: 4.69
  • Burglary rate per 1,000 residents in ID:  3.75
  • Auto theft rate per 1,000 vehicles in the U.S.: 2.37
  • Auto theft rate per 1,000 vehicles in ID:  1.23


CityPopulationNumber of Established FirmsBurglary Rate Per 1,000 ResidentsAuto Theft Rate per 1,000 Vehicles
Boise223,15423,4073.200.89
Nampa91,3826,7685.372.84
Meridian95,6237,8552.210.34
Idaho Falls60,2116,9554.081.69
Pocatello54,7464,2726.341.90
Caldwell53,1492,8814.961.94
Coeur d'Alene50,2855,3513.991.77
Twin Falls48,2604,9776.211.27
Lewiston32,8722,5769.042.85
Post Falls31,8652,6004.231.98
Rexburg28,2221,68810.670.21
Moscow25,3221,5972.800.36


Boise, ID Business Insurance Cost Factors

Covering Your Business Assets

Property: The property crime rate in Boise is relatively low for a city of its size. This can help keep prices manageable for property insurance coverage. Of course, severe weather, fire and other hazards can also damage expensive company assets, so be certain that you have sufficient coverage.

Commercial Auto: If your business owns a vehicle or a fleet of vehicles, you will be required to carry 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 theft or collisions in your city.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Idaho employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Boise, ID workers comp cost looks like.

  • Manufacturing Industry, $7840/year
  • Construction Industry, $9104/year

In Boise, approximately 12% of all businesses operate in the retail trade industry, while 11% are in manufacturing. Your rates for workers' compensation insurance will vary according to the risks faced by employees in your industry, your company's total payroll amount and your company's preparedness in terms of safety and severity of injuries when compared with others in its specific industry.

Nampa, ID Business Insurance Cost Factors

Covering Your Business Assets

Property: In addition to hazards like fire and severe weather, property crimes like theft and arson can cause expensive business losses if you do not have the right insurance in place. The crime rate in Nampa may affect your coverage costs.

Commercial Auto: Commercial auto insurance is mandatory if your company owns a vehicle or a fleet of vehicles. Rates are calculated according to a number of factors, including how many and what types of vehicles you are covering and the risk of collisions and of vehicular theft in your city.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Idaho employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Nampa, ID workers comp cost looks like.

  • Construction Industry, $9104/year
  • Manufacturing Industry, $7840/year

Businesses in the construction industry make up 16% of all companies in Nampa, while those in the manufacturing industry make up 12%. Construction workers are among the most likely to be seriously injured on the job, so rates for workers' compensation coverage tend to be high. Coverage for manufacturing jobs will vary according to the type of manufacturing that is done by your company.

Meridian, ID Business Insurance Cost Factors

Covering Your Business Assets

Property: The low crime rate in Meridian is good news for business owners who wish to protect their business property. However, other factors such as severe weather, fire and accidents can all lead to damage and loss, so it is important that you have the right property coverage in place.

Commercial Auto: If your company owns a vehicle or a fleet of vehicles, you will need commercial auto insurance. Including comprehensive coverage can provide you with compensation if your company-owned vehicle is stolen or is damaged in another noncollision event such as a fire, flood or falling objects.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Idaho employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Meridian, ID workers comp cost looks like.

  • Retail Trade Industry, $2090/year
  • Public Administration Industry, $280/year

Businesses in Meridian operate within a wide scope of industries. Approximately 14% are manufacturing companies, while 9% are in construction. Rates for workers' compensation insurance vary according to the specific types of jobs your workers do. Many construction-type jobs are very dangerous, and the rates can be very high. For those in manufacturing, the rate to cover workers will depend on the type of manufacturing they do.

Idaho Falls, ID Business Insurance Cost Factors

Covering Your Business Assets

Property: Property crime rates play a role in determining the cost for your company's property insurance. Businesses in Idaho Falls will also need to be covered against risks such as fire, severe weather and human error in the event that they cause loss or damage to business assets.

Commercial Auto: If your Idaho Falls business owns a vehicle or a fleet of vehicles, you will need commercial auto insurance. Adding the option of comprehensive insurance to your policy can provide coverage against theft as well as damage caused by noncollision events such as falling objects, fire and floods.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Idaho employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Idaho Falls, ID workers comp cost looks like.

  • Manufacturing Industry, $7840/year
  • Professional, Scientific & Technical Services Industry, $2150/year

While businesses of all types can be found in Idaho Falls, those in the manufacturing and construction industries are among the most common. The cost to provide workers' compensation insurance for manufacturing employees can vary according to the type of manufacturing your business engages in. Construction jobs are among the most expensive to cover because of the high risk of serious injuries.

Pocatello, ID Business Insurance Cost Factors

Covering Your Business Assets

Property: If your insurance includes coverage against theft, the crime rate in your city will play a role in how your rates are calculated. You will also want to protect your business property against damage caused by disasters such as fires, floods, storms and accidents.

Commercial Auto: Businesses that own a vehicle or a fleet of vehicles are required to have commercial auto insurance. If you are worried about vehicular theft, you want to be certain that your coverage includes comprehensive insurance, which is designed to cover loss or damage caused by non-collision-related events, including such things as theft, fire and falling objects.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Idaho employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Pocatello, ID workers comp cost looks like.

  • Retail Trade Industry, $2090/year
  • Educational Services Industry, $1075/year


Home to Idaho State University, Pocatello has a number of jobs within the educational services industry. The cost to cover workers in your company will largely depend on the type of work they do. While those who work in education face a relatively low risk of serious injuries on the job, workers in manufacturing and construction have higher risks, making it far more expensive to insure them.

Caldwell, ID Business Insurance Cost Factors

Covering Your Business Assets

Property: Caldwell has a rather low crime rate, which can help keep your costs for coverage against theft and vandalism on the low side. However, you will also want to protect your business assets against loss and damage caused by disasters like flood, fire and severe weather.

Commercial Auto: While commercial auto insurance is required of businesses that own a vehicle or vehicles, comprehensive coverage is not. This optional coverage is designed to provide compensation for loss or damage caused by non-collision events, including vehicular theft. Your agent can help you determine if other-than-collision insurance is a good idea for your business.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Idaho employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Caldwell, ID workers comp cost looks like.

  • Manufacturing Industry, $7840/year
  • Construction Industry, $9104/year

While businesses in a wide variety of industries are thriving in Caldwell, those in the manufacturing and construction industries are most prevalent. Combined, these types of companies make up 33% of all businesses in this city. The cost to cover workers in these industries can be high, as the risk of serious worker injuries is significant. Coverage for manufacturing jobs will vary according to the type of manufacturing that is being done.

Coeur d’Alene Business Insurance Cost Factors

Covering Your Business Assets

Property: In addition to major hazards like fire and severe weather, property crimes can result in large business losses if you do not have the right insurance in place. The crime rate in Coeur d'Alene may play a role in how your insurance company calculates your property coverage rates.

Commercial Auto: 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 Coeur d'Alene.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Idaho employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Coeur d’Alene workers comp cost looks like.

  • Retail Trade Industry, $2090/year
  • Construction Industry, $9104/year

In Coeur d'Alene, 15% of all businesses operate in the construction industry, while 12% are in retail trade. The remaining businesses span a wide variety of industries. As you can see, rates to cover construction workers with workers' compensation insurance are much higher than they are for workers in the retail trade industry. This is because those in construction are far more likely to suffer frequent and severe injuries.

Twin Falls, ID Business Insurance Cost Factors

Covering Your Business Assets

Property: Disasters like severe weather events, fires and accidents, and property crimes like theft and arson can all lead to large business losses if you do not have the right insurance in place. The crime rate in Twin Falls may play a role in how your property coverage rates are calculated.

Commercial Auto: If your Twin Falls business owns a vehicle or vehicles, you will need commercial auto insurance. Your rates may be based on a number of factors, including such things as the types of vehicles you are insuring and the risk of collisions in your city. You will want to include comprehensive coverage if you are concerned about the risk of vehicular theft.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Idaho employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Twin Falls, ID workers comp cost looks like.

  • Retail Trade Industry, $2090/year
  • Manufacturing Industry, $7840/year

While Twin Falls businesses operate in a wide variety of fields, the most common are the retail trade (17%) and manufacturing (15%) industries. The cost to insure workers in retail trade, where injuries tend to be less frequent and less severe, is significantly lower than the cost to buy workers' compensation insurance for manufacturing employees. The rates for manufacturing coverage can vary according to the type of manufacturing your company engages in.

Lewiston, ID Business Insurance Cost Factors

Covering Your Business Assets

Property: In addition to severe weather events, accidental fires and other disasters, property crimes like theft and arson can lead to large business losses if you do not have the right policies in place. The crime rate in Lewiston can affect your business insurance coverage rates.

Commercial Auto: If your business property includes a vehicle or a fleet of vehicles, you will be required to purchase commercial auto insurance. Your rates will be based on a number of factors, including the number and types of vehicles you are insuring and the rate of collisions in Lewiston. Adding comprehensive coverage can also protect you against losses caused by theft and other non-collision events like fires and floods.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Idaho employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Lewiston, ID workers comp cost looks like.

  • Manufacturing Industry, $7840/year
  • Retail Trade Industry, $2090/year

The manufacturing industry dominates the types of businesses in Lewiston, making up a full 23% of all businesses in the city. Retail trade businesses come in second with 15% of the market share. The cost to provide mandatory workers' compensation for employees in these types of jobs will vary according to the specific scope of your business. Some manufacturing jobs are more dangerous than others, and some retail trade jobs such as working the night shift at a convenience store carry more risk than others like working the register at a department store.

Post Falls, ID Business Insurance Cost Factors

Covering Your Business Assets

Property: Operating in a city with a relatively low crime rate, Post Falls businesses will pay lower rates for coverage against theft than businesses in more crime-ridden areas. You will also want to be sure to protect business property from other risks such as severe weather, fire and floods. A local independent insurance agent can help.

Commercial Auto: If your business insurance includes a commercial auto policy, you will need to decide whether to add comprehensive coverage. This optional insurance covers against loss and damage due to non=collision events such as theft, vandalism, fire, floods and falling objects.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Idaho employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Post Falls, ID workers comp cost looks like.

  • Construction Industry, $9104/year
  • Retail Trade Industry, $2090/year

The two most common types of business industries operating in Post Falls are construction, making up 16% of all businesses, and retail trade, making up 13% of all businesses. The risks faced by workers in these two industries are vastly different, and this is reflected in the rates that are assigned for covering employees in these types of jobs.