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Missouri

Insurance for Small Business Owners

Do You Need Small Business Insurance in Missouri?

Across the Missouri River, from Kansas City to The Ozarks, the Show-Me State is full of history and geographical wonders. Missouri is also home to many hard working entrepreneurs and their respective small business businesses—like retail, construction, and healthcare. The US Small Business Administration tells us:

  • There are over 530,000 small businesses in Missouri
  • Those small businesses employ over 1.2 million people
  • The largest share of employment is comprised of businesses with fewer than 100 employees

Missouri mandates certain small business insurance coverage, while recommending others, for unexpected events like theft, data breaches, and employee accidents, to name a few. We’ve done the research and here are state recommendations for small businesses in Missouri.

Required Business Insurance Coverage in Missouri

The State of Missouri requires the following insurance coverage for small businesses:
  1. Workers’ Compensation Insurance.

    In Missouri, almost all types of businesses with five or more employees must carry Workers’ Compensation insurance. So, if an employee becomes injured while working, this coverage will typically help with medical treatment fees. It also helps shield a small business from on-the-job employee accident or injury lawsuits.

  2. Commercial Auto Insurance.

    All drivers in Missouri are required to carry insurance for their vehicles—including small businesses. This insurance typically covers both property damage and liability. The minimum benefits for Missouri include ($25,000 per person/$50,000 per accident) for bodily injury liability and ($25,000 per accident) for property damage liability.

Recommended Business Insurance Coverage in Missouri

The following insurance coverage is recommended for Missouri small businesses:
  1. Small Business Owner’s Insurance.

    A Business Owner’s Policy (or BOP) is a cost-effective way for small business owners in Missouri to bundle both property insurance and general liability into one comprehensive policy. It typically covers losses of and damage to buildings, machinery and equipment, and business personal property. BOP also covers bodily injury to customers, personal and advertising claims, and medical expenses.

  2. General Liability Insurance.

    This coverage helps small businesses owners manage the financial burden of paying out costly customer injury claims, as well as legal expenses related to slander and libel lawsuits. If you intend to lease space for your small business, this type of coverage may be required by the commercial leasing agent.

  3. Professional Liability Insurance.

    This type of coverage is more commonly known as “errors and omissions insurance.” With this type of coverage in place, Missouri small businesses providing expert services and consultation can protect themselves from costs resulting from work mistakes and errors, missed deadlines, incomplete work and professional negligence lawsuits.

  4. Cyber Liability Insurance.

    Data breaches and other malicious cyber attacks can leave a small business in financial ruin. This coverage can help those Missouri businesses pay for system damage and customer-related costs for communication and fraud protection.

Our Small Business Insurance Company Is Here to Help

B2Z understands that insurance can be confusing, so we set out to make it understandable and easy to purchase.
  1. Q
    Does B2Z offer small business coverage in Missouri?
    A

    Yes. We currently offer Missouri small business owners the following types of insurance policies:

  2. Q
    How do I get a quote for small business insurance in Missouri?
    A

    Click the Request A Quote button and answer a few questions about your business. Then, choose and customize your coverage, validate your account, and set up the payment details. It’s a fast process that can save your business in the long run.