Insurance for Small Business Owners in Nebraska

Do You Need Small Business Insurance in Nebraska?

Grab a runza and a tall glass of Kool-Aid and settle in because we’re going to talk about one of the friendliest states out there. From the banks of the mighty Mississippi to the highest point of Pine Bluffs, Nebraska is the very definition of the good life. Small business owners are attracted to Nebraska’s commitment to start-ups and technology. And all of the natural attractions like Chimney Rock, and the world-class Henry Doorly Zoo in Omaha, are well-loved. While Omaha Steaks might be the big employer, small businesses employ people in construction, technical services, real estate, retail, and healthcare. 

  • There are over 180,000 small businesses in Nebraska
  • 99.1% of businesses in Nebraska are considered small businesses
  • Over 22,000 small businesses in Nebraska are in the construction industry 

Kearney, North Platte, Columbus, O’Neill, and Hartington are just some of the areas in Nebraska that are growing and attracting small businesses. Nebraska is a great place to own a small business, thanks to its infrastructure and education system. As Nebraska continues to grow, it is essential to consider small business insurance to help protect your business. Some insurance coverages are required for all Nebraska businesses—find out more here.

Required Business Insurance Coverage in Nebraska

Nebraska requires the following insurance coverage for small businesses:
  1. Commercial Auto Insurance.

    Nebraska requires you to have a commercial auto insurance policy If your small business owns vehicles. Nebraska’s specific requirements are $25,000 per person/$50,000 per accident for Bodily Injury Liability, $25,000 per accident for Property damage liability, and $25,000 per person/$50,000 per accident in Uninsured Motorist Coverage.

  2. Workers’ Compensation Insurance.

    Small businesses with full-time or part-time employees are required to carry workers’ compensation per Nebraska state law (including coverage for employees of non-resident employers). Businesses could incur fines and even imprisonment for not having this coverage in place. It is far simpler for your business to be in compliance! Workers’ compensation coverage typically includes healthcare and legal costs, providing relief for employees and businesses. In exchange for carrying this required coverage, employees agree not to sue your business over the accident or related illness.

Recommended Business Insurance Coverage in Nebraska

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

    A Business Owner’s Policy (or BOP) is a package policy that saves you money by bundling both property insurance and general liability into one convenient, comprehensive policy for Nebraska small business owners. Typically a BOP covers a customer’s medical expenses for onsite accidents, advertising damage claims, and losses and damages related to property used for business purposes.

  2. General Liability Insurance.

    General Liability can be sought as a separate minimum coverage if your Nebraska small business does not fully need a BOP. If you lease space, your commercial property contract may require General Liability Insurance. General Liability Insurance helps ease the financial burden of property damage claims or customer injury, as well as slander and libel lawsuits. 

  3. Professional Liability Insurance.

    Professional Liability insurance focuses on work mistakes and errors, missed deadlines, incomplete work, and professional negligence lawsuits. It’s also referred to as “errors and omissions insurance” or “E&O.” Professional Liability coverage is ideal for Nebraska small businesses that provide expertise as a service, like financial advice, real estate, architecture, design, or hairstyle services.

  4. Cyber Liability Insurance.

    The Omaha FBI stated that cybercrimes are rapidly increasing in Nebraska with business owners reporting over $11 million in losses from cybercrimes in 2020. Cyber Liability coverage is recommended for Nebraska small businesses to help with customer notification and fraud monitoring costs following a cyberattack, as well as associated legal fees. This helps businesses recover from common cyberattacks like ransomware and malicious hacking.

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 Nebraska?

    Yes. We currently offer the following types of insurance policies to small business owners in Nebraska:

  2. Q
    How do I get a quote for my small business insurance in Nebraska?

    It’s simple: Click on Request a Quote and answer a few questions. And if you like what you see, purchase your policy online!