Idaho (ID) Business Insurance

Choose The Hartford for All Your Idaho Business Insurance Needs

The Gem State is home to 183,972 small businesses, making up 99.2% of companies in Idaho state.¹ Those small businesses employ 347,193 employees. In this case, small businesses in Idaho are defined as businesses with fewer than 500 employees.² Businesses have been protecting themselves in Idaho with business insurance from The Hartford for hundreds of years. Business insurance helps protect your small business from costly claims, like a customer slipping and falling, property damage, legal liability and employee-related risks.

Learn more about Idaho small business insurance, commercial property insurance and Idaho workers’ compensation insurance from The Hartford.

Types of Idaho Business Insurance Offered

Idaho General Liability Insurance

Commercial general liability insurance, also called general liability insurance, is one of the most common types of business insurance that small business owners need. This type of insurance can help protect your business in Idaho from claims that your company caused bodily injury or property damage to someone else or their belongings.

Idaho Workers’ Compensation Insurance

Idaho workers’ compensation insurance, or workers’ comp insurance, provides benefits to Idaho employees for work-related injuries or illnesses. This Idaho insurance coverage includes medical care, help replacing lost wages when unable to work due to a work-related injury or illness, and more. Workman’s compensation insurance coverage may also provide a deceased worker’s family with financial compensation. If a family of an employee decides to sue your business, workers’ compensation insurance may even help cover the legal fees.

Workers' Compensation Insurance can help protect your Idaho business and employees from the costs of accidents such as these:

An employee slips on the wet floor in the bathroom at work, injures her shoulder and requires a hospital visit and multiple weeks of recovery time.
An employee injures his upper back moving desks into a new office area and requires a doctor’s visit, medication and physical therapy for four weeks.
An employee is returning to the office from a press conference and is injured in a multi-car accident, requiring an ambulance ride to the hospital and medication to help heal his wounds.

Workers’ compensation insurance from The Hartford can help cover medical expenses associated with work related injuries. Workman’s comp insurance can also help employees replace their income while they are off from work to recover from a work related illness or injury.

Idaho Business Owner’s Policy Insurance

An Idaho Business Owner’s Policy combines both business property insurance and business liability insurance into a single policy for your Idaho small business. A Business Owner’s Policy (BOP) from The Hartford can help protect your Idaho business from the costs of damages from things like theft, fire or another covered disaster. BOP coverage can also help your business cover the costs related to claims it caused personal, advertising injury, bodily injury, and/or property damage that could arise during the day-to-day operations of your business.

Purchasing a BOP is smart and straightforward. It simplifies coverage needs by including business property and business liability insurance into one policy. These are two important coverages that most businesses need. You can also tailor a BOP to address the unique risks facing your business by adding additional coverages and endorsements like data breach insurance, business income insurance and more.

Consider a BOP if:

Your business has property that can be damaged or stolen. This includes not only physical property but digital hardware and software, tools, inventory, furniture, office equipment, customer information and other important or proprietary data.
There is potential for someone to sue your business. For example, a customer gets hurt by falling objects in your workplace and sues you for their medical costs.
Your business has a physical location; this can be your home office, a rented or owned office or another place where you do business.

Idaho Commercial Property Insurance

Commercial Property Insurance in Idaho can help protect your business from the costs of damages to the building your business in Idaho owns or leases, as well as your business’s personal property. This includes things like tools, equipment, furniture, and inventory. A commercial property insurance policy can include coverage for computers, accounts receivable, and lost income when a business must suspend operations due to a covered loss. Your Idaho business can tailor this coverage to include additional protection like valuable papers and records coverage. This coverage can help pay to recreate or reproduce essential documents damaged in a covered accident. It can also cover the costs to move records and documents to temporary storage to avoid a loss.

Commercial Property Insurance provides protection designed to help get your ID business back on its feet after a fire, theft or other covered loss.

Idaho Professional Liability Insurance

In Idaho, professional liability insurance can help cover your legal costs if your business gets sued. Without this coverage, you’ll have to pay out of pocket to cover your legal defense costs and settlements. This liability insurance coverage can protect your business if a customer claims you were negligent in the professional services you provided them.

Idaho Commercial Auto Insurance

Idaho commercial auto insurance can help your Idaho business cover the financial costs from a car accident if you or an employee is found to be at fault. The Hartford's commercial auto insurance coverage can help pay for medical expenditures and damaged property, even if the collision is fatal.

Commercial Auto Insurance can help protect your Idaho business if:

An employee is driving a company-owned work vehicle and hits someone crossing the street. That pedestrian requires medical treatment resulting in substantial bills.
An employee swerves off the road to avoid hitting an animal while driving for work. They take out a residential mailbox and must pay to repair it.
You are driving from the office to meet a client and accidentally crash into another vehicle and total it.

How Much Does Business Insurance in Idaho Cost?

In Idaho, our customers paid an average of $70 a month for a business owner’s policy and $100 a month for workers’ compensation insurance.³

Business insurance costs vary in Idaho because each business is unique and has different needs. Insurance companies use different factors to determine costs, such as:

Type of coverage
Claims history
Location
Industry

The best way to find out your business insurance cost in Idaho is to get an online quote. You can also use your local insurance agency to get a quote.

What Are the Minimum Requirements for Business Insurance in Idaho?

The state of Idaho requires a business to carry a workers' compensation insurance policy if they employ one or more full-time, part-time, seasonal or occasional employees.⁴ The Idaho State Insurance Fund was created by the Idaho Legislature in 1917 as part of the Workers Compensation Act. This act created the Idaho State Insurance Fund to provide a reliable source of workers’ compensation insurance for Idaho employers and to provide security for the payment of benefits to covered workers.

In addition, Idaho businesses that own any commercial vehicles used for business reasons are required to have commercial auto insurance.

Types of Professions We Cover With Idaho Business Insurance

Small business insurance helps protect your business from common claims that can come up during normal operations. The Hartford offers business insurance coverage to many industries. Some industries that we help protect in Idaho include:

Additional Idaho Business Insurance Links

Get a quote on Small Business Insurance for your business today.

Business Insurance From The Hartford for All of Idaho

We offer business insurance coverage to many cities in Idaho, including but not limited to:

Boise
Pocatello
Meridian
Coeur d'Alene
Nampa
Twin Falls
Idaho Falls
Post Falls
Caldwell
Lewiston

Last Updated: January 10, 2024

^1,2 U.S. Small Business Administration, “2022 Small Business Profile – Idaho.”

³ Premium amounts presented are based on monthly premium paid by The Hartford’s Small Business customers between 1/1/22 and 9/13/2023 for 12-month policies. Premium is derived from a number of factors specific to your business and may vary.

⁴ Idaho Industrial Commission, “Laws, Rules, and Legislation.”