Business Insurance in Montana FAQ - Quick Answers

Costs for business insurance in Montana are different for every company due to unique risk factors. You can't know your exact premiums without obtaining individual quotes, but you can take a look at what carriers look for when rating your business insurance 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

There are several policies that could be necessary for your small business. In Montana, you are required to carry workers' compensation insurance when you have one or more employees. You'll also be mandated to obtain the state minimum limits of liability for any company-owned autos. Your other policies, such as general liability, property coverage, and professional liability, are not usually required but are needed to have complete protection.

Your business insurance in Montana can cover a multitude of risks, and each policy is customized to meet your operation's specific needs. Here are some policies that could apply to your business:

In Montana, the first policy your business usually gets started with is general liability insurance. This is known as a primary policy for your operation. Here's what it covers:

When it comes to finding small business health insurance, it can be a large expense. In Montana, if you have less than 50 employees, you're not obligated to offer health coverage to your staff. However, if your business wants to have these added benefits available to team members, then an independent insurance agent can help find a policy that fits your needs and budget.

When you're trying to find the best insurance company for your business coverage, it might be difficult to know where to start. In Montana, Nationwide, Travelers, Progressive, and Hiscox come highly rated by peers. This is due to their superior claims handling and broad coverage offerings.

Do You Know What Your Business Insurance Covers in Montana?

Find the Best Business Insurance in Your City

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
Great Falls5,5415.424.45
Miles City8731.310.36