Minnesota business insurance
out of 5 customer review rating and 200,000+ policies sold
Get Minnesota business insurance.
biBerk is trusted by many companies for Minnesota business insurance. We offer flexible policies to protect you from the many types of risk Minnesota companies face. Read on to learn about our coverages.
Minnesota Workers' Comp insurance
This insurance helps protect your business if an employee gets hurt or sick or dies as a result of an incident on the job. can cover medical costs, legal fees, and lost wages due to the injury. We offer tailored Minnesota workers’ comp insurance to suit your business.
Workers' Compensationchevron_rightMinnesota General Liability insurance
Also known as commercial liability insurance, a general liability policy is an important type of business insurance in Minnesota. It covers damages and legal costs associated with injury claims by customers and other people who don’t work for you (like from slip-and-fall accidents at your location), damage to other people's property that your business caused, and medical costs associated with these incidents. General liability insurance in MN also covers libel, slander, and copyright infringement. Plus, there are endorsements you can add to customize your policy, including cyber, hired and non-owned auto liability, employment-related practices liability, and employee benefits liability.
General Liabilitychevron_rightMinnesota Business Owners Policy (BOP)
Also called property & liability insurance, a business owners policy (BOP) combines general liability insurance (for things like non-employee injuries and customer property damage) with coverage for your company’s property. You'll get protection for the building you own, space you lease, and any property needed to run your business, along with coverage for things like business interruption. This can replace lost income, as well as cover other costs associated with getting your business back up and running after suffering property damage—like using a temporary location. For instance, if your building is damaged by a severe storm, related expenses might be covered. You can also tailor your BOP with add-ons including cyber, hired and non-owned auto liability, employment-related practices liability, and employee benefits liability.
Business Owners Policychevron_rightMinnesota Professional Liability insurance
Also known as errors and omissions (E&O) insurance, this type of Minnesota liability insurance could protect you from the cost of damages and legal fees if someone claims your professional service caused them or their business financial harm. Coverage includes both mistakes (errors) and failures to perform services (omissions). If you’re an accountant, for example, and you get sued by a client who claims your calculation error cost them money, you might be covered. Professional liability insurance should be considered if your business provides professional advice, offers a professional service, or has contractual requirements for the coverage.
Professional Liabilitychevron_rightMinnesota Cyber insurance
You can buy this type of business insurance in Minnesota as an add-on to a BOP, general liability, or professional liability policy. It helps cover costs related to system hacks or data security breaches in which sensitive information like credit card data has been stolen and fraud has occurred or there is a reasonable expectation that it might occur.
Cyber Insurancechevron_rightMinnesota Umbrella insurance
Every Minnesota liability insurance policy you purchase has a maximum value it will cover in the event of an incident. Umbrella insurance adds another layer of protection, as it can cover costs that exceed the limit of another biBerk liability policy, subject to its own limit, of course. Without it, you might be responsible for anything over your policy limit. Business liability suits can easily exceed the actual value of many small businesses, so we highly recommend an umbrella policy to protect your company.
Umbrella Insurancechevron_rightWe cover all kinds of professionals and businesses in Minnesota, including:
- Architecture and engineering firms
- Banks and trusts
- Barber shops and beauty parlors
- Building electrician services
- Bus companies
- Carpentry services
- Concrete driveway installers
- Electrical manufacturers
- Entertainment center installers
- Floor and carpet installers
- Garbage collection services
- Group home operations
- Gym/fitness centers
- Harvesting services
- Home health care services
- Hotels
- Indoor ceramic tile, stone, and marble installers
- Iron and steel frame construction companies
- Laundry services
- Law firms
- Nursing homes
- Office clerical services
- Paint shop operations
- Park operations
- Photographers
- Photography services
- Physicians/medical offices
- Plastering services
- Plumbing services
- Poultry and egg producers
- Residential cleaning services
- Residential domestic workers
- Restaurants
- Retail stores
- Sales and collection services
- Social services
- Telecommunications companies
- Trucking companies
Why choose biBerk for commercial insurance in Minnesota?
We’re the experts when it comes to small business insurance in MN.
Save time.
Get a quote entirely online or speak with one of our insurance experts right away for help getting a quote, buying a policy, or answering any questions you may have.
Save money.
We insure your small business directly, without a middleman or insurance broker, so we pass that savings on to you—up to 20% less than policies with other insurance companies.
Experienced.
We're part of Warren Buffett's Berkshire Hathaway Insurance Group with millions of satisfied customers, more than 75 years of insurance experience, and $52.2 billion in paid claims in 2023.
Why is biBerk better for small business?
We’re often less expensive and easier to do business with than other Minnesota insurance companies. That’s better for you in many ways. We’re also part of the Berkshire Hathaway Insurance Group, the nation’s largest insurance company in terms of assets. You may know Berkshire Hathaway as the company started by Warren Buffett. Mr. Buffett began as a small business owner, and he’s dedicated to providing small businesses with services that can help them grow.
Minnesota business insurance wherever you are!
Since we’re an online insurance provider, you can connect with us easily, wherever you are, to get:
- Business insurance in Minneapolis-St.Paul, MN
- Business insurance in Rochester, MN
- Business insurance in Grand Rapids, MN
- Business insurance in St. Cloud, MN
- Business insurance in Duluth, MN
- Or anywhere in Minnesota!
Who turns to biBerk for commercial insurance in Minnesota?
We’re the Minnesota business insurance provider that companies rely on for affordable coverage and exceptional service. We work with business owners and decision-makers of all kinds in the state.
Small business owners
These professionals face many challenges, from finding coverage that fits their budget to meeting any state laws or other insurance requirements. They appreciate that we make it easy to price, purchase, and use business insurance. Our simple approach also saves them time.
Growing companies
As businesses expand, their insurance needs tend to grow. We offer all the coverage they need to protect their people, property, and profits, and we help owners customize their protection to meet their needs. Incidents can occur at any time, and periods of company growth are no exception. In fact, there may be even more risks than usual at these times.
Independent professionals and contractors
These business owners are glad to find biBerk and the affordable, easily tailored coverages we offer. They tend to be very busy, so the fact that we make it easy to purchase policies is important to them. Whether they damage a customer’s property, get sued over professional advice or services provided to a client, or suffer an injury, they’re glad that their insurance can minimize or eliminate unexpected out-of-pocket costs.
What Minnesota business insurance is required?
Workers' Compensation
In Minnesota, every business is required to carry workers’ compensation insurance. Even if you only have one employee, you’re still required to carry workers’ comp. You can receive substantial fines and criminal penalties if you’re required to have workers’ comp coverage and are operating without it.
Other policy considerations
While the law may not state it, there’s a good chance you need to carry other business insurance policies in addition to workers’ comp. Many contracts require a general liability policy and/or a professional liability policy, for example. Even if your customers, clients, or partners don’t require you to carry specific policies, it’s recommended that you carry policies to cover any part of your business that could be at risk. Financially protecting your company is one of the smartest business decisions you can make.
What does Minnesota business insurance cost?
The cost of small business insurance in Minnesota depends on a number of factors, including industry, number of employees, and the amounts of payroll and revenue. Additionally, your claims history will influence your policy cost. Companies with fewer claims typically pay lower premiums.
Determine your cost for Minnesota business insurance with instant online quotes.
Frequently asked questions about Minnesota business insurance
-
What types of insurance are typically required for small businesses in Minnesota?
keyboard_arrow_down
Small businesses in Minnesota are required to have workers' compensation insurance and commercial auto insurance if they own vehicles. Additional coverage like general liability and property insurance is recommended but not legally required.
-
How much does Minnesota business insurance typically cost?
keyboard_arrow_down
The cost of small business insurance in Minnesota varies based on the business type, size, coverage, and other factors.
-
Are there any industry-specific insurance requirements in Minnesota?
keyboard_arrow_down
Certain industries like construction, healthcare, and transportation might have specific insurance requirements. State authorities can provide details.
-
How do I determine the right coverage amounts for my Minnesota business?
keyboard_arrow_down
The right coverage amounts depend on your business size, risk exposure, legal requirements, and asset value. We can help you understand your risks and appropriate coverages.
-
What is the typical process for reporting a business insurance claim in Minnesota?
keyboard_arrow_down
First, document the damage. Then, contact us. We’ll guide you through the process.
-
How quickly can I expect my insurance claims to be processed and resolved in Minnesota?
keyboard_arrow_down
Simple claims are typically processed within a few weeks. More complex cases typically take longer.
Minnesota small business insurance in three simple steps
Get a quote.
Fill out a form online or give us a call to tell us about your company. You’ll have a quote in as little as five minutes.
Buy a policy.
Complete your purchase and make payments online or over the phone. You can pay your premium all at once or in monthly installments.
Get a certificate.
Download an instant Certificate of Liability Insurance immediately after purchasing a policy.
Get a quote today.
Trust biBerk for Minnesota business insurance and save up to 20%.