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South Dakota Business Insurance

Your Complete Business Insurance Guide for South Dakota

Full analysis of  PROPERTY CRIME RATES  and  INSURANCE COSTS  in your city.

Popular Questions About South Dakota Business Insurance

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Why should I have South Dakota business insurance?

$36 billion

Total revenue made by small businesses in South Dakota

Guess what? Without insurance, business claims have to be paid out of your pocket. That means they have to be paid out of your business’s revenue — and that means your bottom line would suffer as a result.

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How have other business owners used their business insurance?

40%

of small businesses are likely to experience a property or general liability claim in the next 10 years.

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Theft or Burglary
$8,000
average cost per claim

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Water & Freezing
$17,000
average cost per claim
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Wind & Hail Damage
$26,000
average cost per claim
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Fire Damage
$35,000
average cost per claim
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Customer Slip & Fall
$20,000
average cost per claim

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How does South Dakota business insurance help me?

With the right South Dakota business insurance, claims and lawsuits will be paid for by your insurer, not your business. From workers' compensation to E&O problems, here’s what a standard business insurance policy should do:

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Pay for damage to your building

We call this “Commercial
Property Insurance.”

Example: A tree falls on your office building.

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Pay for damage to your business property

We call this “Business Personal Property Insurance.”

Example: A fire destroys all your computers.

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Pay for damage to someone else’s property

We call this “General Liability Insurance.”

Example: A contractor does a poor job of installing a cabinet, resulting in its falling and breaking homeowner's kitchenware.

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Pay for someone else’s medical bills

We also call this “General Liability Insurance.” 

Example: A customer slips and falls on your recently mopped floor and breaks an arm.

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Pay for accidents in company vehicles

We call this “Commercial Auto Insurance.”

Example: Your salesperson rear-ends someone while driving to an appointment.

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Pay for employee injuries & compensation

We also call this “Workers' Compensation.”

Example: An employee falls off a ladder at work and can’t work for two weeks.

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Sometimes, these coverages are not enough to properly protect a business against risk. Your business most likely faces many unique risks and may need additional coverages.

To make sure you're properly insured, we can match you with the right independent insurance agent who specializes in your field.

What Insurance Does South Dakota Require for Businesses?

While a commercial insurance policy is not required of business owners, certain aspects of it may be. South Dakota businesses that employ one or more people must carry workers' compensation insurance — whether the employees work full or part time. Additionally, businesses that have company-owned vehicles must carry commercial auto insurance. To learn more about coverage that you may need to carry, you can talk with a local Trusted Choice® agent.

How much does South Dakota business insurance cost?

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It primarily depends on how risky your business is. The riskier your business is, the higher your insurance will be. Here are two examples.

$260

Annual Premium

A sole proprietor who owns a garment hemming business.

$22,700

Annual Premium

A commercial landscaper with five employees who operate heavy machinery

Find the Best South Dakota Business Insurance Today

Business insurance rates are calculated using a number of factors such as the risks to your business property, your liability coverage needs and the amount and types of coverage you want. Policies can vary significantly by business industry, so it is best to talk with an experienced insurance agent when building a suitable and comprehensive policy for your business.

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350

Agents in South Dakota are ready to help.

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175

South Dakota residents have already been helped by one of our agents.

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Top Business Insurance Companies in South Dakota

An independent insurance agent compares policies from multiple companies to find the best coverage for your needs.

liberty mutual
cwg
cna
markel
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Find the Best Insurance in Your City

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Sioux Falls

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How does having a business in Sioux Falls affect my commercial insurance rates?

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1 in 30

People experience property crime

Did you know that the property crime rate in Sioux Falls is higher than the national average? Property insurance in less safe areas can sometimes be more expensive, so keep it in mind when you're looking at insurance options.  

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AUTO THEFTS IN SIOUX FALLS, 2014

If your business owns a vehicle or a fleet of vehicles, you will need commercial auto insurance. Your rates will be based on a number of factors, including the number and types of vehicles you are covering and the risk of collisions and of vehicular theft in your city.

Average Workers' Compensation Cost for Popular Sioux Falls Business Industries

BASED ON $100,000 OF ANNUAL PAYROLL

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$2,020

MANUFACTURING INDUSTRY

$5,230

construction INDUSTRY

Did you know that 16% of all businesses in Sioux Falls are in the manufacturing industry? Another 15% are in construction, and 13% are in retail. But not all of these industries are created equal — for instance, an employee at a construction site has much more risk of getting injured than someone behind a store counter. Workers' comp insurance should address your unique risks and provide enough protection for you and your employees in the event of an accident.

Find the Best Sioux Falls Commercial Insurance

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39

Agents in Sioux Falls are ready to help.

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35

Sioux Falls residents have already been helped by one of our agents.

See what others are saying about our Sioux Falls agents …

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We have worked with this agent for over the past 2 years. He is without a doubt the most trustworthy insurance agent I have ever worked with. Working with him has made the insurance process a walk in the park. He looks at every possible detail and ensures that my family, my business and I are in good hands!Tom Z.
Yelp Review
Any time we have a question or concern, my agent is quick to provide an answer or work to help us with whatever comes up. He is always professional, polite and prompt, and he has provided us guidance with how to best handle our coverage. Jimmy L.
Google Review
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Rapid City

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How does having a business in Rapid City affect my commercial insurance rates?

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1 in 26

People experience property crime

In addition to severe weather events, property crimes like theft and arson can lead to large business losses if you do not have the right insurance. The crime rate in Rapid City can also affect your coverage rates.

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AUTO THEFTS IN Rapid City, 2014

Your commercial auto insurance rates will be based on a number of factors like the number and types of vehicles you are covering. Plus, the average risk of collisions and of vehicular theft in your city will impact rates.

Average Workers' Compensation Cost for Popular Rapid City Business Industries

BASED ON $100,000 OF ANNUAL PAYROLL

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$1,111

retail trade Industry

$5,230

construction industry

Workers' compensation insurance should address your unique business, which is why these rates are different from one another: A retail trade company — 13% of all Rapid City businesses — needs less insurance protection for its employees that a construction company. If a liability claim comes your way after an employee suffers a job-related injury or illness, you need the right protection to stay financially stable.

Find the Best Rapid City Commercial Insurance

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Agents in Rapid City are ready to help.

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69

Rapid City residents have already been helped by one of our agents.

See what others are saying about our Rapid City agents …

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Best in the business! My agent is extremely knowledgeable and always willing to help. I love the fact that I can reach him any time and always get a prompt response from him or his team.Joshua D.
Google Review
This agent was fantastic! She gave us an awesome price on our policy and was super friendly to work with. Thanks again for the great service!Brandon P.
Google Review
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Aberdeen

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How does having a business in Aberdeen affect my commercial insurance rates?

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1 in 50

People experience property crime

Take this rate with a grain of salt. It's just an average rate, but it can affect how much you pay. Your insurance should also consider weather risks, property crimes and unexpected fires. All of these events can lead to large business losses if you do not have the right insurance.

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AUTO THEFTS IN ABERDEEN, 2014

Does your business own a vehicle or two? If so, you need commercial auto insurance. It's important to keep your cars and employees safe from theft, accidents and any other unexpected car-related incidents.

Average Workers' Compensation Cost for Popular Aberdeen Business Industries

BASED ON $100,000 OF ANNUAL PAYROLL

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$2,020

MANUFACTURING industry

$1,110

Retail Trade Industry

The most common industries in Aberdeen are manufacturing, retail trade and construction — at 18%, 14% and 10%, respectively. But these businesses have different workers' compensation insurance needs. When you talk to a Trusted Choice agent, you'll receive coverage that addresses your risks and takes workplace risks into account.

See what others are saying about our Aberdeen agents …

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It's unexpected to have such a high level of care from every person in every position in the office, and I always recommended this agency and its people when I hear that someone I know is shopping for insurance.Hope L.
Google Review
If you're looking for great service and customized insurance, come see my agent. He will get you set up with something that works for your budget and auto needs in no time!Jodi C.
Google Review
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Brookings

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How does having a business in Brookings affect my commercial insurance rates?

1 in 56

People experience property crime

What do severe weather, a property crime and flooding have in common? All can cause serious business losses if you don't have the right insurance coverage. Keep that in mind when you're talking to a Trusted Choice agent about policy options.

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AUTO THEFTS IN BROOKINGS, 2014

Your company cars need protection from accidents and crime. Just take a look at the average rate to the left. Talk to a Trusted Choice agent to receive comprehensive insurance so you can have peace of mind and financial protection if something unexpected happens.

Average Workers' Compensation Cost for Popular Brookings Business Industries

BASED ON $100,000 OF ANNUAL PAYROLL

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$2,020

manufacturing industry

$160

educational services industry

Manufacturing-based businesses (24% of all Brookings businesses, by the way) have much different workers' compensation insurance needs from a business in educational services (15%). A Trusted Choice agent can tell you why — and why you may pay more for coverage than you should. It's important to have the proper coverage so you're fully insured in case a medical bill or lawsuit come your way.

See what others are saying about our Brookings agents …

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I've been very satisfied with how this agency has handled my health and car insurance. I'd definitely recommend their services to my friends and family.Ralph H.
Google Review
We used a different insurance company many years ago and this agency went above and beyond what they did. They worked it all out for us and did a great job. I had a great experience working with the staff, and I'd highly recommend their services to anyone I know.Andy C.
Google Review
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Watertown

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How does having a business in Watertown affect my commercial insurance rates?

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1 in 36

People experience property crime

In addition to severe weather events, property crimes like theft and arson can lead to large business losses if you do not have the right insurance. The crime rate in Watertown can even affect your coverage rates. A lot of factors come into play, so make sure you have your ducks in a row by consulting with an independent agent.

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AUTO THEFTS IN WATERTOWN, 2014

If your business owns a vehicle or a fleet of vehicles, you will need commercial auto insurance. But take note: Rates will be calculated based on a variety of factors like the makes and models of the vehicles you are covering and the risk of vehicular theft in your neighborhood.

Average Workers' Compensation Cost for Popular Watertown Business Industries

BASED ON $100,000 OF ANNUAL PAYROLL

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$2,020

manufacturing industry

$1,110

retail trade industry

Your Watertown business is unique — and your employees face specific workplace scenarios against which they need protection. If someone on your staff is injured while on the job or suffers from an illness related to work, you could be held liable. Consider all of these scenarios when you're looking for commercial coverage with workers' compensation insurance.

See what others are saying about our Watertown agents …

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The customer service is very friendly, and the agents have a wide range of knowledge. The agents have a great response time and have been able to assist with any questions that I have had. Heidi S.
Google Review
This Watertown agency offers many plan options along with great coverage at a reasonable cost. I have recommended this agency to many of my friends and family!Miranda L.
Google Review
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Mitchell

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How does having a business in Mitchell affect my commercial insurance rates?

1 in 27

People experience property crime

Your property can be damaged in a number of ways. A bad storm can damage the roof, a thief can steal personal property, and a busted pipe can cause flooding. To ensure you have 360 degrees of protection, partner up with a Trusted Choice agent to find what you need at a price you can afford.

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AUTO THEFTS IN MITCHELL, 2014

Commercial auto insurance doesn't have to be complicated. A Trusted Choice agent can find a rate based on factors like the types of vehicles you are covering and the risk of collisions in the area. That way, it's unique and customized to your needs.

Average Workers' Compensation Cost for Popular Mitchell Business Industries

BASED ON $100,000 OF ANNUAL PAYROLL

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$2,020

manufacturing industry

$5,230

construction industry

Why are these numbers different from one another? Each workplace presents its own inherent risks to the employees who work there, and your business needs the right kind of protection for its specific and unique hazards. The manufacturing industry is the most common type of business in the area, at 20% of all businesses. And this type of company has much more risk than one in food services — 12% of all businesses. Keep this in mind when shopping for insurance.

See what others are saying about our Mitchell agents …

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My agent and his staff offer exemplary service. Whether calling to check on rates or calling from the side of the road after an accident I have always received great care. The staff knows its customers by name and treat every question as important.Tim Y.
Google Review
I've had my agent for as long as I have lived in South Dakota. Even when I first moved to the area, she worked with me and always provided incredible customer service. When I ran into problems with my insurance, she gave 110%.Joan F.
Google Review
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Yankton

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How does having a business in Yankton affect my commercial insurance rates?

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1 in 38

People experience property crime

In addition to severe weather events, property crimes like theft and arson can lead to large business losses if you do not have the right insurance. When you look at insurance, consider the crime rate in Yankton — this rate can affect your coverage rates and help you decide how much protection you need.

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AUTO THEFTS IN YANKTON, 2014

Your commercial auto insurance should be customized, comprehensive and affordable. A number of factors will be taken into account to find coverage that addresses all your risks and takes geographic features into consideration.

Average Workers' Compensation Cost for Popular Yankton Business Industries

BASED ON $100,000 OF ANNUAL PAYROLL

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$5,230

manufacturing industry

$1,110

retail trade industry

Each industry has its own specific workplace hazards and risks to keep in mind when looking at insurance options. Just consider the risks at a construction site versus the risks in a classroom. It's why these rates are different from one another and why you need to walk through the process with a Trusted Choice agent to ensure you're receiving comprehensive, affordable and customized insurance.

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This is an amazing company to be involved with! Love working with their people every time I have questions.Jan S.
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The auto insurance I received from this agency was so affordable! My agent explained everything, and now I feel comfortable knowing I'm protected on the road.Sandie J.
Google Review
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Pierre

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How does having a business in Pierre affect my commercial insurance rates?

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1 in 26

People experience property crime

Do you know how commercial property insurance should be calculated? The area's crime rate, weather risks and building details are taken into account to find the right policies and limits that work for you. It's what a Trusted Choice agent will do, so you can just rest assured knowing you're protected.

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AUTO THEFTS IN PIERRE, 2014

If your business owns a vehicle or a fleet of vehicles, you will need commercial auto insurance. Your rates will be based on a number of factors, including the number and types of vehicles you are covering and the risk of collisions and of vehicular theft in your city.

Average Workers' Compensation Cost for Popular Pierre Business Industries

BASED ON $100,000 OF ANNUAL PAYROLL

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$160

public administration industry

$5,230

construction industry

Did you know that 20% of all businesses in Pierre are in the public administration industry? Another 12% are in construction, and 10% are in retail. But each industry is different; for instance, an employee at a construction site has much more risk of getting injured than someone behind a store counter. Workers' comp insurance should address your unique risks and provide enough protection for you and your employees in the event of an accident.

See what others are saying about our Pierre agents …

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My agent and his staff were very knowledgeable, professional and detail-oriented to our insurance coverage. He was very informative and even suggested coverage that was best suited to our insurance needs.Jeff I.
Online Review
We have never been left hanging with unanswered or partially answered questions. The individual attention we received was above and beyond. We felt very comfortable with my agent the minute we walked into her office.Terri B.
Google Review
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Huron

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How does having a business in Huron affect my commercial insurance rates?

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1 in 42

People experience property crime

Your business could suffer large financial losses if you do not have the right insurance. Consider the crime rate in Huron, and find out what the right amount of protection is for the real risks you face.

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AUTO THEFTS IN HURON, 2014

Commercial auto insurance rates vary depending on the number and types of vehicles you are covering, the risk of collisions and the average amount of vehicular theft in your city.

Average Workers' Compensation Cost for Popular Huron Business Industries

BASED ON $100,000 OF ANNUAL PAYROLL

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$2,020

manufacturing industry

$1,110

retail trade industry

Workers' compensation insurance should address your unique business, which is why these rates are different from one another. A manufacturing company — 36% of all Huron businesses — needs more insurance protection for its employees than a retail store. If a liability claim comes your way after an employee suffers a job-related injury or illness, you need the right protection to stay financially stable.

Find the Best Huron Commercial Insurance

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Agents in Huron are ready to help.

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Huron residents have already been helped by one of our agents.

See what others are saying about our Huron agents …

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The entire claim process was easy. My agent and his team were super helpful and accommodating. We have car, life and homeowners coverage with them and would highly recommend them to anyone looking for an agent that cares.John K.
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Incredible service! Caring staff and agent. I recommend everyone to stop in and get an insurance quote.Huron Resident
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Vermillion

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How does having a business in Vermillion affect my commercial insurance rates?

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1 in 46

People experience property crime

Take this rate with a grain of salt. It's just an average, but it can significantly affect how much you pay for coverage. Your insurance should also consider weather risks, property crimes and unexpected fires. All of these scenarios can lead to large business losses if you do not have the right insurance.

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AUTO THEFTS IN VERMILLION, 2014

If your business owns a vehicle or a fleet of vehicles, you will need commercial auto insurance. Your rates will be based on a number of factors, including the number and types of vehicles you are covering and the risk of collisions and of vehicular theft in your city.

Average Workers' Compensation Cost for popular Vermillion Business Industries

BASED ON $100,000 OF ANNUAL PAYROLL

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$160

educational services industry

$1,110

retail trade

The most common industries in Vermillion are educational services, retail trade and food services — at 24%, 15% and 12%, respectively. But these businesses have different workers' compensation insurance needs. When you talk to a Trusted Choice agent, you'll receive coverage that addresses your risks and takes workplace risks into account.

See what others are saying about our Vermillion agents …

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Excellent service from my agent and everyone in the office. My calls and emails with change requests, questions, and advice are always handled in a professional and friendly way. Vermillion Resident
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What a great agency! Not only is it conveniently located for me, but the service is so personal. It's like my family is part of theirs.Kelsey H.
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Types of Business Insurance Needed in Each South Dakota City

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Spearfish

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Your Spearfish business is unique. It has its own specific risks and hazards to keep in mind when it comes to insurance needs. That's why you should talk to a Trusted Choice agent about your specific risks like potential property damage, liability claims and workers' compensation issues. That way, you'll receive commercial insurance that is customized, comprehensive and affordable.

Brandon

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No matter what industry you're in, whether it's construction (15% of all Brandon businesses) or extraction operations (12% of all Brandon businesses), you need comprehensive commercial insurance. It keeps you financially secure if an unexpected lawsuit or claim comes your way. Luckily, a Trusted Choice agent can guide you through the process and find the right coverage for you.

Box Elder

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Did you know that the most common industries in Box Elder are public administration and food services? While these two are big components of the local economy, every business needs its own customized insurance plan. It's the only sure fire way to be protected against all the unique risks you face — and will protect your bottom line if something goes wrong. Work with an independent agent to get the unique coverage you need.

Sturgis

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If you're confused about where to start with Sturgis commercial insurance, we're here to help. Your Trusted Choice agent has the expertise necessary to tell you what kind of and how much coverage you need when it comes to protecting your small business. No matter what products you provide or services you perform, you deserve to have a financial backup plan that you can trust.

Madison

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The most common industries in Madison are manufacturing (28%), educational services (13%) and retail trade (12%). But these businesses are not all the same — and they certainly don't have the same insurance needs. That's why you need a partner who can get you comprehensive coverage at an affordable price. Trusted Choice agents know what questions to ask so you can have peace of mind that your business is sound and secure.

Belle Fourche

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Commercial insurance covers a lot of areas: workers' compensation claims, liability suits if a client sues you, property damage and so much more. To ensure you're completely protected from financial harm, contact your local Trusted Choice Independent Insurance Agent. We are familiar with the most common industries in the area — manufacturing, educational services and retail trade — and will gladly find you a policy at an affordable price.

Harrisburg

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Construction is the most common industry in Harrisburg, at 24% of all companies, with manufacturing (8%) and insurance (8%) behind it. No matter what industry you're in, you deserve to have a Trusted Choice Independent Insurance Agent on your side, an agent who can find you a commercial policy that covers all your risks and gives you the financial protection you need.

Tea

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Did you know that your Tea business insurance is based on unique factors? The average weather, crime rates and employee injury risks will all be taken into account to give you a customized and comprehensive financial protection plan. You can get started by talking to your local Trusted Choice agent about coverage options.

Hot Springs

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Commercial insurance covers a lot of areas: workers' compensation claims, liability suits if a client sues you, property damages and so much more. To ensure you're completely protected from financial harm, contact your local Trusted Choice Independent Insurance Agent. Our agents are familiar with the most common industries in the Hot Springs area and will gladly find a policy that meets your needs.

Dell Rapids

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The most common industries in Dell Rapids are construction (12%), manufacturing (12%) and finance/insurance (10%). But these businesses are not all the same — and they certainly don't have the same insurance needs. That's why you need an independent agent who can get you comprehensive coverage at an affordable price.

Mobridge

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If you're confused about where to start with commercial insurance, we're here to help. Your Trusted Choice agent has the expertise necessary to tell you what kind of and how much coverage you need when it comes to protecting your small business. No matter what products you provide or services you perform, you deserve to have a financial backup plan that you can trust.

Milbank

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Did you know that the most common industries in Milbank are agriculture and the wholesale trade? While these two are big components of the local economy, every business needs its own customized insurance plan. It's the only sure fire way to be protected against all the unique risks you face — and will protect your bottom line if something goes wrong. Working with a Trusted Choice agent will ensure you find a business insurance plan that is unique to your needs.

Lead

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No matter what industry you're in, whether it's food services (29% of all Lead businesses) or arts and entertainment (15% of all Lead businesses), you need comprehensive commercial insurance. It keeps you financially secure if an unexpected lawsuit or claim comes your way. Luckily, a Trusted Choice agent can guide you through the process and find the right coverage for you.

Canton

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Businesses in Canton each have their own specific risks and hazards to keep in mind when it comes to insurance needs. That's why working with a Trusted Choice agent to find policies that protect against potential property damage, liability claims and workers' compensation issues is important. You'll receive commercial insurance that is customized, comprehensive and affordable.

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