Protect Your Business and Assets with Business Insurance
A Business Insurance or Business owner’s Policy (BOP) is recommended for most small businesses, as it is often the most affordable way to obtain broad coverage. Combining both property and liability insurance, a BOP will cover your business in the event of such things as property damage, suspended operations, or lawsuits resulting from bodily injury or property damage to others.
Insurox offers options to meet your specific insurance needs. Some businesses may find the BOP alone to be sufficient, while others may wish to tailor BOP by increasing key coverages, adding other options, or eliminating unnecessary coverages.
We include insurance protection for small businesses in the following industry segments:
- Apartment: Policy designed for owners of buildings used exclusively as apartment houses, including cooperatives.
- Building: Policy designed for lessors of commercial buildings occupied by offices, mercantile and retail establishments.
- Business: Policy designed for businesses providing personal consumer services, businesses repairing light consumer goods and businesses engaged in printing.
- Condominium: Policy designed for owners of buildings used exclusively as condominiums.
- Contractors: Policy designed for primarily small residential, special trade contractors.
- Garage: Policy designed for independently operated or franchised automotive service and repair businesses.
- Manufacturers: Policy designed for manufacturers of electronics, food products, leather goods, instruments, metal goods, paper products, plastic goods, rubber products, textiles and wood products.
- Office: Policy designed for a variety of firms providing medical, legal, financial or other professional services for their clientele.
- Religious: Policy designed for small churches and other houses of worship not affiliated with operating educational institutions.
- Restaurant: Policy designed for various food service establishments. Restaurant Pac is designed for fast food and family-style restaurants. Restaurant Pac Plus is designed for fine dining establishments, banquet and reception facilities and caterers, as well as the larger family-style restaurants.
- Store: Policy designed for a wide variety of retailers primarily engaged in brick-and-mortar commerce.
- Technology: Policy designed for technology firms providing computer consultation and a variety of technology services for their clientèle. Insurox also offers policy designed for manufacturers of electronics and instruments products.
- Wholesalers: Policy designed for distributors of various types of durable and non-durable domestic goods.
The Package affords a large number of built-in coverages important to protecting your small business:
Small business insurance-specific coverage options are also available, such as:
Insurox is dedicated to the small business marketplace and we are sure that you will find an insurance product that is well suited for your business
Tips & Resources:
Comparison of Workers’ Compensation Laws by State:
|Alaska||The Alaska Workers’ Compensation Act requires each employer having one or more employees in Alaska to obtain workers’ compensation insurance, unless the employer has been approved as a self insurer.|
|Alabama||The manner or method by which you choose to insure your workers’ compensation liability is your decision. Should you have any questions contact the Workers’ Compensation Division at 1-800-528-5166 or (334) 242-2868.|
|Arizona||Since January 1974, Arizona law has required all public and private employers with at least one employee to carry workers’ compensation insurance. The law makes coverage optional for domestic servants, working partners and sole proprietors.|
|Arkansas||Most employers in Arkansas with three or more employees are required by law to have workers’ compensation insurance coverage for their employees. There are exceptions to the three-or-more requirement, so employers with fewer than three should check with authorities before assuming they do not fall under the workers’ compensation laws. Employers in doubt may contact their agent or the commission’s Information Officer, its Operations/Compliance Division, or the Legal Advisor Division.|
|California||Required in every work situation, normally covered under your owners insurance, if not you can obtain a policy through the CA State Fund. The annual premium is based on the annual salary the employee makes, and then they monitor ALL the tax filings each quarter and then at the end of the year they will do a audit to make sure the client paid the correct premium.|
|Colorado||All public and private employers in Colorado, with limited exceptions, must provide workers’ compensation coverage for their employees if one or more full or part-time persons are employed. A person hired to perform services for pay is presumed by law to be an employee. This includes all persons elected or appointed to public sector service and all persons appointed or hired by private employers for remuneration. There are a few exemptions to this definition.|
|Connecticut||All businesses with one(1) or more employees are required by law to have workers compensation insurance except those able to self-insure. There are exemptions for household employees who work 26 hours or less per week, Sole proprietors, multiple member LLC’s, corporate officers and partnerships, who may elect not to carry workers compensation insurance for themselves. However, they must always provide coverage for their employees.|
|Delaware||Employers with one or more employees are required to carry workers’ compensation insurance. Employers may not charge an employee any portion of the premium or expense of carrying workers’ compensation insurance. Workers’ Compensation benefits have certain entitlement requirements which must be met in order to receive benefits. The requirements are established by law in Title 19, Delaware Code and are administered by the Delaware Department of Labor, Division of Industrial Affairs, office of Workers’ Compensation. Workers considered to be independent contractors, rather than employees, are not covered.|
|District of Columbia||You are required to have Workers’ Compensation insurance coverage if you have 1 or more employees.|
|Florida||If you are in an industry, other than construction, and have four (4) or more employees, full-time or part-time, you are required to carry workers’ compensation coverage (an exempted corporate officer does not count as an employee).|
|Georgia||Every employer, individual, firm, association, or corporation, regularly employing three or more persons, part-time or full-time, shall provide workers’ compensation insurance coverage. Exempted officers of corporations or exempted members of limited liability companies shall not reduce the number of employees for this purpose.|
|Hawaii||Any employer, other than those excluded (section 386-1), having one or more employees, full-time or part-time, permanent or temporary, is required to provide WC coverage for its employees.|
|Idaho||Employers with one or more full-time, part-time, seasonal, or occasional employees are required to maintain a workers’ compensation policy unless specifically exempt from the law. Workers’ Compensation is required to be in place when the first employee is hired. Employment that may be exempt from required coverage includes: Household domestic service, Employment of family members living in the employer’s household (applies only to sole proprietorships)|
|Illinois||Required is every work situation, please visit the IL industrial commission for more information.|
|Indiana||All Indiana public and private employer-employee relationships (with a few exceptions, discussed below) are covered by the Worker’s Compensation and Occupational Diseases Acts. It does not matter how many workers are employed in a business; all employees must be covered.|
|Iowa||Most employers are required to purchase workers’ compensation liability insurance. Insurance is mandatory if you have eligible employees, unless you apply to the Iowa Insurance Commissioner to become self-insured. Most employees who are injured in Iowa, working under contract of hire made in Iowa, or whose employment is principally localized in Iowa, are eligible for benefits if they have a job-related injury.|
|Kansas||Though Kansas workers compensation laws make it obligatory for all employers to carry occupational injury compensation insurance, there are certain exceptions also. For example, employers with annual payroll gross of $20000 or less are exempted from this legal requirement. The obligation applies to only those employers whose annual payroll gross exceeds $20000. Besides that, agricultural employers are also exempted in this regard.|
|Kentucky||As per Kentucky workers compensation laws, all employers whether they are running a private or a government organization are legally obligated to have an occupational injury compensation insurance policy in place. The number of employees does not matter in this regard. Even if there is just one employee working in an organization, it will be legally mandatory for the employer to carry the occupational injury insurance coverage.|
|Louisiana||All employers must provide workers compensation insurance for their employees, and must show proof that they have the financial means to carry Louisiana workers compensation insurance. There are some exemptions such as the crews of any airplane working in dusting or spraying operations, real estate brokers, musicians and performers, and others.|
|Maine||Any business with one (1) or more employees must provide workers compensation insurance coverage.|
|Maryland||With few exceptions, every employer with one (1) or more employees is required by law to provide workers’ compensation insurance. Agricultural employers with less than three (3) employees or an annual payroll for full-time employees which does not exceed $15,000, are not required to carry worker’s compensation insurance.|
|Massachusetts||All businesses must carry Massachusetts workers compensation insurance coverage regardless of the amount of hours worked. This also includes owners that are considered employees. Employees in domestic service who work at least 16 hours a week also require coverage.|
|Michigan||All employers are required by Michigan Law to carry a workers compensation insurance policy. There are NO exemptions provided for workers compensation insurance.|
|Minnesota||It is very important to note that unlike the majority of other states, Minnesota does not provide any waiver to any of the employers working in this state. All employers are legally obligated to provide insurance coverage to all their employees, including the ones that are not even US citizens or are still minor.|
|Mississippi||Most of the employees qualify to use the workers compensation system in the state of Florida. However, there can be exceptions. For example, if you are working for an employer who has less than five employees in their organization, you may not be covered under such insurance plan. Employers with less than 5 employees are not obligated to carry workers compensation insurance coverage. Other workers that may not be covered include farm workers and independent contractors.|
|Missouri||Workers compensation coverage is required for all employers that have five or more employees. However, if a business is in the construction industry then coverage must be provided if there are one or more employees. It is important to note that Missouri law does not distinguish between employees of different employment statuses. The statutory definition of “employee” includes both full and part-time employees, seasonal, and even temporary employees.|
|Montana||The laws in Montana have made it legally mandatory for the employers to carry workers compensation insurance coverage for all their employees.|
|Nebraska||The laws require all employers to carry occupational injury insurance policies in order to ensure timely payments to injured workers as and when needed.|
|Nevada||As per Nevada workers compensation laws, all employers who have at least one worker must carry proper occupational injury insurance coverage. However, they have the option either to be self-insured or to buy the coverage from a Nevada based private insurance carrier. Some employers may qualify for certain exemptions as well. For example, if the employee is already covered under a private disability plan that ensures equal or higher benefits may not qualify for occupational injury compensation.|
|New Hampshire||Any business who employs even one full or part-time employee is required to provide workers compensation insurance, regardless of that employee’s family relation (son, daughter, husband etc.)|
|New Jersey||New Jersey law requires that all New Jersey employers, not covered by Federal programs, have workers compensation coverage or be approved for self-insurance. Even out-of-state employers may need workers compensation coverage if a contract of employment is entered into in New Jersey or if work is performed in New Jersey.|
|New Mexico||Employers with three or more employees are required to carry workers compensation insurance through a New Mexico workers compensation policy or a New Mexico certified self-insurance program. Employers in the construction industry, however, must carry coverage regardless of the number of employees.|
|New York||New York workers compensation laws cover all types of employees regardless of whether they are working as a part-time, fulltime or a leased worker. The laws specifically mention that teachers for public schools, County workers working under hazardous conditions, and even volunteers working for a profitable business can also qualify for occupation injury compensation benefits.|
|North Carolina||As per these laws, all employers who have more than three employees or workers working for them are legally required to carry proper occupational injury insurance. However, if there are less than three employees in an organization, the employer can be exempted from this insurance requirement.|
|North Dakota||As per the laws, it is legally mandatory for all employers to carry workers compensation insurance coverage. Unlike the laws applicable in the majority of other states in the US, there are no numeral exceptions under North Dakota workers compensation laws. Besides that, waivers are also not permitted.|
|Ohio||All employers with one(1) or more employees must carry workers compensation insurance coverage|
|Oklahoma||Oklahoma workers compensation laws have made it legally mandatory for all employers to carry occupational injury coverage to all employees. No waivers are allowed to anyone. Even those who have just one part-time worker must meet these insurance requirements.|
|Oregon||As per Oregon workers compensation laws, it is compulsory for all employers to carry proper insurance coverage for occupational injuries and illnesses that employees may suffer from. There are no waivers permitted to any employer. Even if there is just one part-time worker in the organization, there must be an adequate workers comp insurance policy in place. Unlike the majority of other states, there are no numeral exceptions applicable in the state of Oregon.|
|Pennsylvania||As per Pennsylvania workers compensation laws, it is mandatory for all employers provide insurance coverage to their employees against the incidents of occupational injuries or illnesses. However, the employers have the option to provide the insurance by through self-insuring, through a competitive state fund, or through a private insurance carrier. Even domestic servants and agricultural employees are entitled to compensation benefits in case they get injured while perform their tasks assigned to them by their employers.|
|Rhode Island||In general, Rhode Island workers compensation laws make it mandatory for all employers to carry occupational injury compensation insurance coverage, but there are certain exemptions as well, such as for independent contractors, sole proprietors, and partners. Besides that, some agricultural and real employers and those having domestic servants may also be exempted from this insurance requirement.|
|South Carolina||Any South Carolina employer who regularly employs four or more workers full-time or part-time is required to have workers compensation insurance.
Agricultural employees, railroads, and railway express companies and their employees, and employers who had a total annual payroll during the previous year of less than $3,000, regardless of the number of workers employed during that period are exempt.
|South Dakota||Though certain waivers are permitted in specific cases, in general, all employers must carry adequate amount of insurance coverage as required under the South Dakota workers compensation laws. Employers have the option either to buy this coverage from a private insurance carrier or to get self-insured. There are certain basic requirements that employers must fulfill in order to get self-insured; for example, they must submit certain documents to prove that they are financially capable enough to meet the compensation requirements as and when needed.|
|Tennessee||Tennessee workers compensation laws make it legally mandatory for every employer with more than five employees to carry insurance coverage for work-related accidents. However, this rule does not apply to those engaged in construction business (including subcontractors); even if they have five or less than five employees in their organizations, they must carry workers compensation insurance coverage. Certain waivers are also permitted in specific cases.|
|Texas||Texas workers compensation laws do not make it mandatory for all employers to carry occupational injury insurance coverage. There are however still some exceptions, such as construction contracts for governmental entities; in such cases, the insurance requirements are mandatory. But, workers have the legal right to file compensation claims if they think they have a genuine case and the employer is still refusing to pay monetary benefits.|
|Utah||All employers are legally required to carry appropriate workers compensation insurance coverage. However, the organizations with agricultural workers that have a payroll of up to $50000 are exempted from this legal requirement.|
|Vermont||It is mandatory for all employers to carry adequate amount of insurance coverage. There are no numerical exceptions to this legal requirement but waivers are permitted in specific cases.|
|Virginia||Virginia law requires every employer who regularly employs three or more full-time or part-time employees to purchase and maintain workers’ compensation insurance. Employers with fewer than three employees may voluntarily come under the Act|
|Washington||It is compulsory for all employers to carry appropriate insurance coverage to ensure timely payments of compensation benefits as and when needed. There are no numerical exceptions. Even any types of waivers are also not permitted.|
|West Virginia||Though it is legally mandatory for all employers to carry adequate insurance coverage, there are a few employers who are still exempted from this requirement, such as an agricultural employer with less than five workers and a casual employer with less than three workers.|
|Wisconsin||Those who have less than three employees in their organizations have been exempted from this requirement. No waivers are permitted under the laws though. Even domestic servants must also be provided with voluntary worker’s compensation coverage.|
|Wyoming||It is also important to note that not all employers can choose to be self-insured, as there are certain eligibility criteria set by the laws to qualify for the same. There are no numerical exceptions to this legal requirement and even waivers are also not permitted.|