Minnesota Business Insurance FAQ - Quick Answers

The cost of your Minnesota small business insurance will be individualized and based on your operations. Check out the following risk factors carriers look at when rating your policies:

  • 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 Minnesota, workers' compensation insurance is required if you have just one employee. You'll also need the minimum liability limits when you own company vehicles. All other commercial policies are not mandated, but are useful to consider.

Your Minnesota small business insurance will have coverage for many risk factors. Most small businesses obtain a variation of the following policies:

As a Minnesota small business owner, you'll need different types of liability policies to be properly protected. Check out the most common liability coverages below:

As a Minnesota small business owner, you won't be required to offer health insurance unless you have 50 employees or more. However, many companies choose to provide health coverage for added benefits. You can obtain quotes through a licensed insurance adviser. 

There are numerous carriers where you can obtain small business insurance. In Minnesota, some of the best companies are Nationwide, Travelers, Progressive, and Hanover. These companies are known for their superior customer service and broad coverage offerings. 

Do You Know What Your Business Insurance Covers in Minnesota?

Find the Best Insurance in Your City

How does your city measure up to the national average?

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
St. Paul27,1476.577.79
Brooklyn Park5,0683.683.71
St. Cloud5,5773.292.55
Maple Grove6,1880.980.51
Eden Prairie7,2131.050.34
St. Louis Park6,0242.621.84