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Starting a business in South Dakota opens the door to risks. You need insurance designed for your industry and business size. We customize plans for more than 20 industries. Pick coverage below to start a quote today.
Essential coverage for your South Dakota business
When you also have at least one employee
* Plus Workers Compensation
All standard plan benefits and:
Whether you’re looking to satisfy South Dakota requirements with workers comp and disability insurance or know insurance is the only way to protect your finances, we’ve got you covered.
General Liability insurance takes care of third-party lawsuits. These lawsuits are from anyone who isn't employed by your business. The insurance policy covers third-party lawsuits from bodily injury, property damage, copyright infringement and reputation damage.
Commercial Property insurance can pay to repair or replace your business property if it is stolen, damaged or destroyed in a fire, natural disaster or even theft. The insurance policy will cover the building (leased, owned, or you work from home), the furniture, fixtures and the things inside the building.
This type of insurance offers wage replacement and medical benefits who are injured at work. This, in turn, relinquishes the employees right to sue the employer for negligence. It protects your business from costly lawsuits while assuring that the employee will get the coverage they need in case of illness or injury on the job.
Having a commercial vehicle for your business comes with various risks. Commercial Auto insurance covers the cost of repairing or replacing the vehicle in the event of an accident. The insurance also covers medical payments of the drivers and passengers, collision, and insurance for uninsured motorists involved in the accident.
A Business Owners Policy (BOP) offers general protection for the property and liability risks in one package. It simplifies most of the coverages for small and mid-sized businesses by combining property and liability policies under one package.
Without any insurance, you'll risk lawsuits and medical claims that could put a huge dent in your financial resources. A personal injury lawsuit alone can bankrupt a business.
Every business has unique needs; however, we recommend starting with Workers' Compensation if you have employees and Commercial Auto insurance if you use vehicles for your business operations. A General Liability insurance is highly recommended as well, as it covers most incidents in one policy.
It depends on the type of business, but we recommend you carry around $1,000 to $2,000 per incident.
Insurance companies require your business license and you must have completed all your applications. Most insurance companies will require your loss history to get a quote for insurance.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
You wanted better protection and cheaper pricing. So did we. We baked that dream into everything we've set out to accomplish in building our award winning platform.
We have one! How much could we have really improved the insurance purchase process? Try us! We ask only the questions you need to answer, nothing more.
We've built all our fancy tech from scratch, which allows us to get you certificates on demand, free of charge, and for us to find you savings.
Being a small business presents several challenges that may need more assistance. While CoverWallet provides you the best insurance, you can also consider these references to further support your small business: