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
Belle Fourche8611.250.89
Box Elder5165.362.48
Rapid City7,4956.394.19
Sioux Falls15,0833.743.55

Business Insurance in South Dakota FAQ - Quick Answers

While you can't know your exact business insurance premiums without custom quotes, you can understand what impacts your South Dakota coverage 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

Your commercial coverage is not always mandatory, but in some cases, it can be. Business insurance is required in the following instances in South Dakota:

Your business insurance in South Dakota will be specific to your risk exposures. However, there are foundational policies that apply to most operations. Here are some policies that are common for businesses:

In South Dakota, general liability insurance is your primary policy and helps protect your business in the following way:

Health insurance plans in South Dakota are only mandatory for businesses with 50 employees or more. However, you may want to offer benefits to your team, in which case, health coverage can be quoted through a local adviser.

In South Dakota, Hiscox, Nationwide, and Hanover are common carriers used for business insurance among peers. These insurance companies are highly rated due to their superior coverage offerings and claims service.

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

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