Insurance for Small Business Owners in Wisconsin

Do You Need Small Business Insurance in Wisconsin?

While Wisconsin may be known for its quality cheese, small businesses within the state provide diverse products and services with healthcare, manufacturing, and food and beverage services topping the state’s list for employment. According to the US Small Business Administration:*

  • More than 450,000 small businesses call Wisconsin home, accounting for 99% of all Wisconsin businesses.
  • 1.3 million people are employed by small businesses in Wisconsin.
  • Firms employing fewer than 100 employees boast the largest share of small business employment.

Businesses in Wisconsin are required to have certain types of insurance coverage—regardless of size. Required coverage, paired with other recommended coverages, can protect these vital small businesses from the financial impact of accidents, theft, and other types of risk.  

Required Business Insurance Coverage in Wisconsin

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

    As a Wisconsin requirement, Workers’ Compensation insurance typically covers employee-involved injuries and illnesses that occur while performing job functions. And it protects small businesses from the resulting legal claims from those covered accidents.

  2. Commercial Auto Insurance.

    Vehicles owned by Wisconsin businesses must be covered by commercial auto insurance. Coverage should include bodily injury liability ($25,000 per person/$50,000 per accident) and property damage liability ($10,000 per accident).

Recommended Business Insurance Coverage in Wisconsin

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

    Merging property insurance and general liability insurance into one Business Owner’s Policy (or BOP) provides small businesses in Wisconsin a cost-effective package. BOP typically covers losses of and damage to buildings, machinery and equipment, and business personal property. It also covers bodily injury to customers, personal and advertising claims, and medical expenses.

  2. General Liability Insurance.

    General liability coverage can protect Wisconsin small businesses from the financial burden of paying costly customer injury and property damage claims, as well as slander and libel lawsuits. Also, commercial property leases may require this type of coverage.

  3. Professional Liability Insurance.

    Often referred to as "errors and omissions insurance," professional liability coverage focuses on work mistakes and errors, missed deadlines, incomplete work, and professional negligence lawsuits. So, Wisconsin small businesses that provide expertise as a service can protect themselves from costs resulting from such issues.

  4. Cyber Liability Insurance.

    Even small businesses can experience a data breach or cyber attack. In Wisconsin, recommended cyber liability coverage can help businesses recover from such malicious hacking and cyberattacks by paying related customer notification and fraud monitoring costs, as well as associated legal fees.

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

    It’s simple! Click on the Get Your Quote button and answer a few questions.