Small Business Insurance in Idaho
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Recommended insurance policies for small businesses in Idaho
General liability insurance
General liability covers common risks for small businesses in Idaho, including customer property damage and injuries. Commercial leases often require this policy.
- Customer injuries at your company
- Damaged customer property
- Copyright and defamation lawsuits
Errors and omissions insurance
This policy is also called professional liability insurance. It protects professionals against lawsuits over mistakes, missed deadlines, and oversights.
- Work errors and oversights
- Professional negligence lawsuits
- Late or incomplete work
Cyber liability insurance
This policy protects Idaho small businesses against data breaches and cyberattacks that affect your business or a client.
- Data breach lawsuits
- Client notification expenses
- Fraud monitoring costs
Business owner’s policy
This policy bundles property insurance and general liability insurance. It's often the most cost-effective type of commercial insurance for an Idaho small business.
- Customer injuries
- Damaged customer property
- Damaged business property
Workers’ compensation
Workers’ compensation insurance is required for Idaho small businesses that have one or more employees. It can cover medical costs for work injuries.
- Employee medical expenses
- Wages lost while unable to work
- Lawsuits over employee injuries
Commercial auto insurance
This policy is required for vehicles owned by Idaho small businesses. It covers injuries and property damage in an accident, along with other types of damage.
- Accidents involving business-owned vehicles
- Theft of a business-owned vehicle
- Damage to a company vehicle
Looking for different coverage? Check out our other policies.
What are the insurance requirements for small businesses in Idaho?
Workers' compensation insurance
Idaho state law requires businesses with one or more employees, full-time or part-time, to carry workers’ compensation insurance. This policy covers medical bills for work injuries and illnesses.
Commercial auto insurance
Vehicles owned by small businesses in Idaho must be covered by commercial auto insurance. Idaho requires a minimum of $25,000 bodily injury liability per person, $50,000 bodily injury liability per accident, and $15,000 property damage liability per accident.
Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance, as personal auto policies usually exclude business use. It can be added to general liability insurance or a business owner's policy.
How much does small business insurance cost?
Commercial insurance can be affordable for a small Idaho company. Factors that influence the cost include:
- Your industry and risk
- Coverage limits
- Location
- Number of employees
We specialize in business insurance for Idaho IT and technology professionals
Our agents are experts in insurance for Idaho technology businesses. They can help you find policies that fit your company and fulfill state requirements. TechInsurance agents, agencies, and brokers are licensed by the Idaho Department of Insurance.
TechInsurance is licensed in Idaho as BIN Insurance Holdings LLC (NPN 15752926) for property and casualty insurance. Verify our licensure with the Idaho Department of Insurance Insurance Company and Producer Search; click on "Search by License Number" then enter our license number, 348580, in the "Company or Agency License Number" field.