Insurance FAQ in North Dakota - Quick Answers

Business insurance premiums in North Dakota will vary and are different for every operation. However, the primary factors used when carriers rate your policies remain the same and 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

There are two business policies that are required in North Dakota depending on your business. If you have employees, then you'll be mandated to carry workers' compensation insurance. Likewise, when you have any company-owned autos, commercial auto coverage is necessary at the state minimum limits. All other policies are typically optional, but are useful to consider.

North Dakota businesses will have multiple policy options that will be different for every operation. Here are some of the most common foundational policies used:

General liability insurance is likely to be your first policy purchased for your North Dakota small business. Check out how this coverage protects your operation:

When it comes to offering business health insurance to your staff, it can seem overwhelming. Fortunately, a local independent insurance agent can help pick a plan that adds value to your benefits offerings for your team members. In North Dakota, you're not required by law to provide health coverage with fewer than 50 employees, but some operations do for added perks.

In North Dakota, Hiscox, Nationwide, Hanover, and Progressive are rated among the best insurance companies for small businesses. This is due to their excellent claims service and timely customer service, making them appealing to many. 

Do You Know What Your Business Insurance Covers in North Dakota?

Relevant Business Insurance Statistics in South Dakota

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
Devils Lake7823.572.19
Grand Forks4,5333.791.79
West Fargo2,8492.991.39