General liability covers common risks for small businesses in South Dakota, including customer property damage and injuries. Commercial leases often require this policy.
This policy is also called professional liability insurance, or E&O. It protects professionals against lawsuits over mistakes, missed deadlines, and oversights.
This policy protects South Dakota small businesses against data breaches and cyberattacks that affect your business or a client.
A BOP bundles property insurance and general liability insurance. It's often the most cost-effective type of commercial insurance for a South Dakota small business.
Workers’ compensation insurance is beneficial for South Dakota small businesses that have employees. It can cover medical costs for work injuries.
This policy is required for vehicles owned by South Dakota small businesses. It covers injuries and property damage in an accident, along with other types of damage.
While South Dakota state law does not require businesses that have employees to carry workers’ compensation insurance, it is strongly recommended. This policy covers medical bills for work injuries and illnesses, and protects businesses from related lawsuits.
Vehicles owned by small businesses in South Dakota must be covered by commercial auto insurance. South Dakota’s commercial auto insurance requirements are:
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.
Commercial insurance can be affordable for a small South Dakota company. Factors that influence the cost include:
Our agents are experts in insurance for South Dakota technology businesses. They can help you find policies that fit your company and fulfill state requirements. TechInsurance is licensed in South Dakota by the Department of Labor's Division of Insurance as BIN Insurance Holdings LLC (NPN 15752926) for property and casualty insurance (license number 10012461). You can verify our licensure with the Sircon Corp. Verification System by selecting South Dakota, agency, and then entering our state license number.