North Dakota (ND) Business Insurance

Choose The Hartford for Your North Dakota Business Insurance Needs

North Dakota, the Roughrider State, is home to 72,723 small businesses making up 98.8% of companies in the state. Those small businesses employ 479,727 employees. In this case small businesses in North Dakota are defined as businesses with fewer than 500 employees.¹ Insurance in ND can help cover Fargo businesses, Bismarck businesses, Minot businesses, and more. Companies have been protecting themselves in North Dakota with business insurance from The Hartford for hundreds of years. Learn more about North Dakota Small Business Insurance, ND Workers’ Compensation Insurance and North Dakota Data Breach Insurance from The Hartford.

Types of North Dakota Business Insurance Offered

North Dakota General Liability Insurance

North Dakota General Liability Insurance coverage (GL) helps protect your North Dakota business from claims related to property damage, bodily injury, advertising, and personal injury that could put your business at risk. Commercial General Liability Insurance (CGL), sometimes referred to as Business Liability Insurance, provides coverage for customer injuries, damage to others’ property, and lawsuits. CGL coverage can help protect your ND small business by helping to cover the costs related to claims of:

Bodily injury or property damage – for claims that your ND business caused someone bodily harm or damaged someone's property.
Reputational harm – for claims of slander, libel, wrongful eviction, malicious prosecution, violation of the right of privacy, and more.
Advertising errors – for claims of copyright infringement in your ads.
Medical payments – to help cover medical costs if someone is injured at your business.
Damage to rented property – if the property you rent is damaged by fire, lightning, or explosion.

General Liability Insurance from The Hartford can be purchased as a stand-alone coverage or included in a Business Owner’s Policy. CGL coverage from The Hartford provides some of the broadest business insurance coverage available today.

North Dakota Business Owner's Policy

Business owners in North Dakota can tailor a Business Owner’s Policy to help meet their unique business needs. A North Dakota business owner’s policy, also known as a BOP, combines both business property and business liability insurance into a single policy. A BOP insurance policy helps protect your ND business from the costs of damages from things like fire, theft, or other covered disasters. BOP coverage also can help your business cover the costs related to claims of bodily injury, advertising injury, and property damage that could arise during your day-to-day business operations.

Consider a BOP for your business in North Dakota if:

There is potential for someone to sue your business. For example, a customer gets hurt in your place of business and goes to the hospital for his injuries and sues you for the costs.
Your North Dakota business has a physical location. This can be your home office, a rented/owned office, or another place where you do business.
Your business owns digital and/or physical assets that can be stolen or damaged, digital hardware and software, tools, inventory, furniture, customer information, and other data.

Purchasing a BOP is smart and straightforward. It simplifies coverage needs by including business property insurance and business liability insurance into one policy. These are two critical coverages that most businesses need. Compared to purchasing separate policies for business property and business liability, The Hartford's Business Owner's Policy (BOP) offers businesses a way to save money while getting broad coverage for things like fire, theft, lawsuits, and loss of income.

North Dakota Business Income Insurance

North Dakota Business Income Insurance coverage can help replace income lost when a business is unable to operate due to a covered property loss such as damage from theft, fire, or wind. For example, say your ND business is unable to operate and generate revenue due to a break-in at your office building. Business Income Insurance can help cover your business costs until you are back on your feet again. This way, you can continue to pay ongoing expenses such as payroll and monthly operating costs while your business property is being repaired or replaced.

Consider business income insurance coverage for your ND business if:

Your business is a service business, such as a car repair shop or a nail salon, that depends on a physical location and tools to serve your customers.
Your business is a software company that relies on physical property (physical office, computers, servers) and digital property (cloud storage).
Your business is a retail store that requires both online and brick-and-mortar storefronts to showcase products that are available for purchase.

North Dakota Professional Liability Insurance

North Dakota Errors and Omissions Insurance (E&O), also known as Professional Liability Insurance, can help cover you and your North Dakota business if you are found negligent in the professional services you provide. For example, say you own a wedding photography business and ruin the photos or make a clerical error costing a client thousands of dollars. Professional Liability Insurance would help protect you and cover the costs related to the incident.

Many types of businesses benefit from this type of insurance coverage, especially those that work directly with customers by providing service. Some professionals that benefit from this coverage include real estate professionals, tax preparers, technology professionals, consultants, accountants and home inspectors.

North Dakota Minimum Business Insurance Requirements

All businesses in ND must register their business name with the North Dakota Secretary of State's office. To contact The Secretary of State call 800-352-0867 or visit their website.

While most businesses are not required to obtain a license to operate, some are. Examples include liquor stores, beauty shops, bed and breakfasts, or a hunting guide services. In some cases, the state requires a company to have insurance, but not all cases. North Dakota does require all North Dakota registered vehicles to carry automobile insurance.²

Additional North Dakota Business Insurance Options

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

¹ “2018 Small Business Profile,” U.S. Small Business Administration, https://www.sba.gov/sites/default/files/advocacy/2018-Small-Business-Profiles-ND.pdf

² “Business,” North Dakota Insurance Department, https://www.nd.gov/ndins/consumers/resources/business/