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. of businessesBurglaries / 1,000 peopleAuto thefts / 1,000 cars
Cedar Rapids9,8076.252.72
Council Bluffs4,3218.477.87
Des Moines16,54310.466.01
Iowa City5,9124.060.92
Sioux City5,9047.833.01
West Des Moines6,6442.241.07

Business Insurance in Iowa FAQ - Quick Answers

The premiums you'll pay for small business insurance will be individualized and based on your unique risk factors. Some key items that carriers use when quoting your coverage are listed below:

  • 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 Iowa, you are required to carry workers' compensation insurance when you have one employee or more. If you're using company-owned vehicles, then you'll need to obtain some amount of state-mandated auto insurance. Other policies are not required in most cases, but are crucial if you want to avoid additional risk.

Your Iowa small business insurance will be required to carry specific coverages by law, and other policies are needed to avoid paying out of pocket. While coverage is individualized, here are some common options for your operation:

There are numerous liability policies to choose from when obtaining small business insurance. Some will be more necessary than others, depending on your risk and business. Here are some of the most-used liability coverages for businesses:

Health insurance for your small business is typically optional unless you have 50 employees or more. Offering health coverage can be a useful idea to look into. Check with your independent insurance agent for health insurance options. 

Small businesses everywhere search for the best coverage for an affordable price. In Iowa, Nationwide, Hanover, Travelers, and Stillwater insurance companies are top-rated by consumers. This is due to their custom coverage options and superior service. 

Do You Know What Your Business Insurance Covers in Iowa?

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