Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Product Liability insurance covers your business if you need to recall one of your products. It covers your costs for retrieving the defective product from the manufacturer or seller to prevent any further bodily injury or property damage.
Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Umbrella Policy adds an extra layer of protection to professionals if a serious event or cumulative claims exhaust your current policy limits. It also covers you for events that would otherwise be excluded from your other policies.
Why do I need an insurance for my Montana small business?
Even when your business is just starting up, your business is at risk from lawsuits. Property damage and personal injury are the most common. Unless you have substantial financial resources, your business won't be able to survive the costs of these lawsuits.
What do I need to get an insurance quote in Montana?
Insurance companies often require that you submit a copy of your business license first. Then you must have completed all your applications, and loss history for them to be able to get a quote for your insurance
Do I need a Workers' Compensation in Montana?
Small businesses in Montana are required to carry a Workers' Compensation if you have two or more employees.
What are the requirements for starting a business in Montana?
The state requires you to register your business and obtain a license. Visit the state website for additional information regarding business registration in Montana.
Guide to commercial insurance by state
Insurance laws and requirements may vary state by state. Click on your state to discover the insurance you will need for your small business: