Business Interruption Insurance protects your small business if impacted by a covered risk. It'll cover the costs in replacing lost income and paying for additional expenditures. Also known as Business Interruption Coverage, this policy is usually part of your BOP (Business Owners Policy).
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.
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.
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.
Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
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!
Why do I need to have insurance for my Wisconsin small business?
A common misconception is small businesses don't need insurance. However, insurance is a way of managing risks. When you buy insurance, you transfer the costs and potential losses to the insurance company.
How much does a Business Insurance cost in Wisconsin?
The price of the insurance is different across carriers. This is because they use various criteria to calculate the premiums. Usually, they will review your experience, loss history and safety policies.
Do I need Workers' Compensation in Wisconsin?
Your business must carry Workers' Compensation in WI if you have at least one employee. This includes subcontractors, independent contractors and its employees, unless they are covered on their own.
What insurances do I need for my Wisconsin business?
Every business insurance needs are different, but we recommend starting with General Liability and Commercial Property insurance.
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: