Rhode Island Business Insurance

Choose The Hartford for Your Rhode Island Business Insurance Needs

Rhode Island has almost 100,000 small businesses.¹ In 2018, these businesses had over 224,000 employees, making up 98.9% of all the companies in the Ocean State.²

At The Hartford, we’re here to help keep these RI small businesses on the path to success, offering insurance options made for them. Whether your company is in Providence, Newport, Bristol or anywhere else in the state, we can help protect you with RI business insurance. Backed by over 200 years of experience, we know all small business owners have different insurance needs.

Learn more about the small business insurance and other types of commercial insurance we offer.

Types of Rhode Island Business Insurance Offered

Rhode Island Business Owner’s Policy Insurance

A Rhode Island Business Owner’s Policy (BOP) is a good starting point for small business insurance. It combines three important coverages into one policy:

General liability insurance helps protect your Rhode Island business from claims that you caused bodily injuries or property damage. General liability coverage can also help protect you from certain claims of libel or slander.

Commercial property insurance helps protect the physical location of your business and the equipment you use. This coverage applies whether you own or rent your business property.

Business income insurance helps replace your business’ lost income if you can’t open because of property damage.

A BOP can be a good idea for your business if:

You deal directly with customers.
Your business has a physical location, such as your home or an office.
You have business property that can get stolen or damaged, like furniture, cash and inventory.

Rhode Island Data Breach Insurance

Data breach insurance helps protect your business if it loses personally identifiable information. This insurance can help cover your costs to:

Notify affected customers or employees
Run a public relations campaign
Offer fraud monitoring services

You can buy cyber liability insurance as a standalone policy. Our Cyber Security Services team can help you follow your state’s data breach laws, manage cyber risks and take action if a cyber-attack occurs.

Rhode Island Professional Liability Insurance

Professional liability insurance is also called errors and omissions (E&O) insurance. It helps protect your Rhode Island business if you’re found negligent in the professional services you provide. It’s always good to have professional liability insurance if you work with customers.

E&O insurance can help protect your business in many situations, including:

Your interior designer uses materials for a job that weren’t agreed upon ahead of time
One of your customers believes their decline in sales is due to a logo your graphic design firm created
A staff member makes an error on a brochure and your client suffers a financial loss

These situations can have costly legal impacts for you and your business. But if you're sued for mistakes like these, professional liability insurance can help cover your legal costs.

Rhode Island Commercial Umbrella Insurance

Commercial umbrella insurance gives your business extra liability coverage to help protect you from potentially disastrous claims, helping extend the limit of your primary insurance policies. That way, if an insurance claim exceeds your policy limit, this coverage can help cover the difference.

Without it, you may have to pay out of pocket for things that exceed your policy limits, such as damages, legal fees and medical bills.

A commercial umbrella insurance policy can help protect your business if:

An advertising error results in a lawsuit against your company, and the legal fees and settlements exceed your primary business liability coverage limits.
A customer falls in your office, gets injured and their medical costs exceed your general liability policy limits.

Rhode Island Minimum Business Insurance Requirements

There are some types of business insurance you need to have for your business, like workers’ compensation insurance. Rhode Island’s workers’ compensation system is a form of no-fault insurance. It gives benefits to your employees if they get hurt or sick from their job.

In Rhode Island, businesses with one or more employees need to carry workers’ comp insurance, unless they’re exempt by law. You can get workers’ comp from private insurance carriers, like The Hartford.

Read more about requirements on the Rhode Island Department of Business Regulation Insurance Division webpage.

Additional Rhode Island Business Insurance Links

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

^1,2U.S. Small Business Administration, "2018 Small Business Profile: Rhode Island"