Small Business Insurance in North Dakota

North Dakota state law requires companies that have one or more employees to purchase workers’ compensation insurance. This policy covers medical bills for work-related injuries and illnesses.

North Dakota is one of four states that operates a monopolistic state fund for workers' compensation. That means employers cannot buy workers' comp from private insurers, only from the state fund.

Policies purchased through the state fund do not include employer's liability insurance, which provides financial protection against employee injury lawsuits. However, you can still purchase it through a private insurance provider.

Vehicles owned by small businesses in North Dakota must be covered by commercial auto insurance. North Dakota requires:

• Bodily injury liability: $25,000 per person / $50,000 per accident
• Property damage liability: $25,000 per accident
• Uninsured motorist coverage: $25,000 per person / $50,000 per accident
• Personal injury protection: $30,000

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.