Popular QuestionsPopular Questions about New Hampshire Business Insurance

Why should I have New Hampshire business insurance?

Business insurance is designed to shield your company from various financial losses you may face such as those caused by damaging weather, property crimes, and liability lawsuits. This coverage can prove very beneficial, as is evidenced by the fact that in 2016 alone, businesses in New Hampshire collected approximately $435.6 million in insurance claims.

A local independent agent can help you build a customized business insurance plan that is suitable to meet the specific needs of your particular company.

How have other business owners used their commercial insurance?

Statisticians predict that an estimated 40% of all small businesses are likely to experience a property damage or general liability lawsuit setback in the next 10 years. Here are some hazards American companies have been using their insurance to cover:

  • Theft or burglary: Average cost per claim - $8,000
  • Water damage and freezing pipes: Average cost per claim - $17,000
  • Wind and hail damage: Average cost per claim - $26,000
  • Fire damage: Average cost per claim - $35,000
  • Customer slip and fall: Average cost per claim - $20,000
How does New Hampshire business insurance help me?

In New Hampshire, commercial insurance will cover losses associated with a variety of potential hazards so that your business doesn’t have to. 

If your inventory is damaged, if a customer files a liability lawsuit, or if one of your employees is severely injured on the job, a good commercial insurance plan will ensure that won't have to worry about how these exposures will affect your business’s bottom line.

Here’s what you can expect a standard business insurance policy to do:

Pay for damage to your building

  • We call this “commercial property insurance.”
  • Example: A hailstorm damages the roof and gutters of your business-owned storefront.

Pay for damage to your business property

  • We call this “business property insurance.”
  • Example: A fire breaks out in your company warehouse and a million dollars’ worth of inventory is destroyed.

Pay for damage to someone else’s property

  • We call this “general liability insurance.”
  • Example: An employee of your tree removal company accidentally causes a heavy tree limb to fall on a customer’s shed.

Pay for someone else’s medical bills

  • We also call this “general liability insurance.” 
  • Example: A customer is severely injured after slipping on a wet floor in your business establishment.

Pay for accidents involving company vehicles

  • We call this “commercial auto insurance.”
  • Example: A sales representative from your firm sideswipes another car while driving to an industry expo in your company van.

Pay for employee injuries and work-related illnesses

  • We call this “workers' compensation.”
  • Example: An employee at your manufacturing plant suffers a significant injury when an industrial machine malfunctions.

In addition, there are many more commercial property and liability products available. Business owners can therefore obtain the appropriate coverage to cover their firms against all of their specific exposures.

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

Does New Hampshire require businesses to have insurance?

A business insurance policy is not required by law. However, some types of commercial insurance that are often included in a comprehensive business insurance plan may be. 

Many financial institutions will require you to have property and/or liability coverage before they will agree to finance a loan or line of credit. Additionally, all employers in New Hampshire are required by law to carry workers’ compensation insurance, and contracting firms will nearly always be required to have contractors insurance when they are hired to do a job.

To learn more about coverage that you may need to carry, you can talk with a local independent insurance agent.

How do I find the best price for New Hampshire business insurance?

Business insurance rates are calculated according to a number of factors such as the type and size of your business, the number of employees you have, your liability coverage needs, and the amount and types of coverage you want. 

Coverage needs can vary significantly from one business industry to the next, so it is best to work with an experienced insurance agent who can help you build a suitable and comprehensive policy for your company. These agents can help you make sure that you are getting coverage for all of your business’s potential exposures while avoiding paying for coverage that is not a good fit.

Also, because independent agents can work with multiple insurers, they can search for the best price for each type of coverage you need. Sometimes this means building a business insurance portfolio that includes policies from several different insurance companies. Don’t worry. You will still only have one point of contact with your independent insurance agent.

Are there any independent agents in New Hampshire?

Yes! There are currently 167 independent agents in New Hampshire who are ready to help. Did you know that independent insurance agents can work with several different insurance providers to help you build a comprehensive and competitively priced business insurance portfolio? Work with an agent near you to ensure that your business is fully covered against all of its potential risks.

What are the top business insurance companies in New Hampshire?

Independent agents compare policies and rates from a variety of highly rated insurance companies in order to find you the coverage you need at a price you can afford. 

When building your business insurance portfolio, your local agent may find that it is in your best interest to work with more than one insurance company. While one company may offer the best workers’ compensation coverage, another may have the best rates for commercial vehicle coverage. 

Independent agents enable your business to get coverage from multiple companies while still maintaining a single point of contact. 

InformationFind the Best Insurance in Your City

How does your city measure up?

• Number of business in the US: 27,626,360
• Number of businesses in New Hampshire: 131,638
• Burglary rate per 1,000 residents in the US: 4.69
• Burglary rate per 1,000 residents in NH: 1.92
• Auto theft rate per 1,000 vehicles in the US: 2.37
• Auto theft rate per 1,000 vehicles in NH : 0.68



CityPopulationNumber of Established FirmsBurglary Rate Per 1,000 ResidentsAuto Theft Rate per 1,000 Vehicles
Bedford21,2032,9080.800.40
Concord42,6954,3323.431.20
Derry33,1092,6161.620.99
Dover29,9873,3151.580.26
Keene23,4092,2984.230.69
Londonderry11,037<5001.150.42
Manchester109,5658,4974.421.32
Merrimack25,4942,1790.550.12
Nashua86,4946,9231.300.65
Portsmouth20,7793,9461.191.20
Rochester29,7522,2293.471.16
Salem28,7763,8770.860.80

Manchester, NH Business Insurance

Covering Your Business Assets

  • Property: Though lower than the national average, the property crime rate in Manchester is higher than throughout much of the state. This makes it particularly important for you to ensure that business assets are sufficiently covered. In addition to covering against crime, your policy can also cover loss and damage due to hazards like inclement weather and accidental fires.
  • Commercial auto: If your business owns a vehicle or a fleet of vehicles, you may benefit from having the added liability coverage that comes with a commercial auto insurance policy. Your rates will be based on several factors, including the number and types of vehicles you are covering and the risk of collisions and of vehicle theft in your city.

Workers’ Compensation

Workers’ compensation insurance can pay for medical bills and lost wages if your workers are injured or become ill on the job.  Rates are based on your company’s overall payroll and the potential risks faced by your employees according to their job classifications. 

Here is an estimate of what businesses in the three leading industries in Manchester, NH would pay for workers’ comp coverage for every $100,000 in annual payroll:

  • Retail Trade Industry, $1,720 per year
  • Manufacturing Industry: $3,980 per year
  • Accommodation & Food Services Industry: $2,195 per year

These are broad-based industry rates. Some retail jobs, such as those at gas stations and convenience stores, carry more risks than others, such as those at dress shops. Likewise, the rate you would pay for workers in a manufacturing plant would be based on the specifics of what your company produces. Your local independent agent can help you compare quotes for policies that are well suited to your business industry.

Nashua, NH Business Insurance

Covering Your Business Assets

  • Property: In addition to damage caused by severe weather events, property crimes like theft and arson can lead to expensive losses if you do not have sufficient business insurance. You will want to be sure that all of your business property is covered at levels that will allow you to rebuild, repair, or replace as needed.
  • Commercial auto: Whether you are insuring a delivery van or a fleet of semi trucks, opting to purchase commercial vehicle insurance can protect your company against losses related to liability risks and property damage. If your business engages in interstate commerce, a local agent can ensure that your coverage meets all state and federal requirements.

Workers’ Compensation

Workers’ compensation insurance is required if your Nashua business has employees. This insurance can cover medical treatment, lost wages, and other costs associated with workplace injuries. Every workplace has unique risks and presents different hazards to its workers. This is why worker’s compensation rates often vary significantly from one business to the next.

Here is an estimate of what businesses in the three leading industries in Nashua, NH would pay for workers' comp coverage, based on a $100,000 annual payroll:

  • Manufacturing Industry: $3,980 per year
  • Construction Industry: $8,420 per year
  • Retail Trade Industry, $1,720 per year

As you can see, rates tend to vary significantly from one industry to the next. Even within these industries, there can be a wide variance of rates depending on the specific jobs done by your employees and the risks associated with them. Talk to your local independent insurance agent to discover how much it will cost to cover your specific business. 

Concord, NH Business Insurance

Covering Your Business Assets

  • Property: Theft, vandalism, and accidental fires can lead to large, costly business property losses. So can damage caused by Concord’s weather events like hailstorms, heavy winds, and severe storms. Fortunately, when you have the right business insurance in place, your company will be able to repair damage and continue to function without experiencing a large financial loss. 
  • Commercial auto: Commercial auto insurance can protect your business from facing unmanageable liability damage if one of your drivers causes an accident in a company car. Rates are based on a number of factors like the types of vehicles you are covering. It costs far more to insure a 12-passenger van than a cargo van, since your liability risks are greater when you have passengers. 

Workers’ Compensation

Workers’ compensation insurance is designed to cover the cost of medical treatment, lost wages, and other expenses related to injuries or illnesses your employees may suffer while doing their jobs. It is required for all New Hampshire businesses that have employees. Workers' compensation rates are assigned according to your company’s overall payroll and the types of jobs your employees do.

Here is an estimate of what businesses in the three leading industries in Concord, NH would pay for workers’ comp insurance, based on a $100,000 annual payroll:

  • Manufacturing Industry: $3,980 per year
  • Retail Trade Industry, $1,720 per year
  • Healthcare & Social Assistance Industry: $2,280 per year

Rates can vary within these industries according to the actual jobs your employees do. The cost for covering employees in manufacturing jobs can vary from the average amount according to the type of manufacturing plant you own, because some machines are more dangerous than others. Likewise, in the healthcare field, medical workers at a trauma unit have a higher risk of injury than those who work at a pediatric office. To start comparing quotes for workers' comp coverage for your business, talk to a local independent insurance agent.

Derry, NH Business Insurance

Covering Your Business Assets

  • Property: A sufficient amount of business property insurance can shield your company from losses related to hazards like accidental fires, property crimes, and severe weather events like heavy winds and freezing temperatures. You can make sure your business is properly insured by working with an independent insurance agent in Derry.
  • Commercial auto: You can't control other drivers, let alone criminals who may decide to break into your company car. If your Derry business owns a vehicle or fleet of vehicles, you may want to strongly consider carrying commercial auto insurance. Rates for coverage can vary according to the number and types of vehicles you are covering, as well as the risk of collisions and vehicle theft where your employees will be driving.

Workers’ Compensation

Workers’ compensation insurance covers medical expenses and paid time off for employees how are injured or become ill on the job. If your Derry business has employees, you are required by law to have this insurance. Rates for coverage can vary significantly from one business to the next, depending on the types of jobs your employees do and your company’s overall payroll. 

Here is an estimate of what businesses in the three leading industries in Derry, NH would pay for workers’ comp insurance, based on a $100,000 annual payroll:

  • Manufacturing Industry: $3,980 per year
  • Retail Trade Industry, $1,720 per year
  • Construction Industry: $8,420 per year

The construction industry has some of the highest rates of significant employee injuries. That is why the average cost for coverage is so much higher than it is for workers in the retail industry. Maintaining a safe work environment can help to keep your workers' compensation rates affordable. Talk to an independent insurance agent in Derry for help finding a suitable and competitively priced policy.

Dover, NH Business Insurance

Covering Your Business Assets

  • Property: Your business has probably invested a lot in its assets such as computers, furniture, tools, and supplies. Business property insurance can help cover the cost of repairing or replacing this property if it is lost or damaged by a covered event. Find a policy and rate that works for your Dover business by teaming up with a local independent agent.
  • Commercial auto: Many businesses in Dover have company-owned vehicles. If yours is among them, you may want to strongly consider insuring these cars, vans, or trucks with a commercial auto insurance policy. Doing so can prevent your business from facing a financially devastating lawsuit if one of your drivers causes a serious accident.  A local independent agent can help you find a great policy at a competitive price.

Workers’ Compensation

Workers’ compensation insurance covers medical bills and lost wages for workers who are injured in the course of doing their jobs. It is required for New Hampshire businesses that have employees. Rates for this coverage are assigned according to your company’s overall payroll amount and the types of jobs your workers do.

Here is an estimate of what businesses in the three leading industries in Dover, NH would pay for workers’ comp coverage, based on a $100,000 annual payroll:

  • Manufacturing Industry: $3,980 per year
  • Retail Trade Industry, $1,720 per year
  • Educational Services Industry: $1,810 per year

Base rates are set by the state in accordance with the various hazards of each particular job. This means that employees in hazardous professions like manufacturing will cost more to cover than those with few risks, like cashiers. Maintaining a safe workplace and keeping accidents at a minimum can help lower your workers’ compensation premium. Talk to one of Dover’s independent insurance agents to learn more.