Minneapolis Business Insurance
Minneapolis businesses face winter weather business interruption risk, mandatory workers compensation requirements, and a growing cyber threat landscape. We specialize in commercial coverage for Twin Cities small and mid-size businesses.
Required
Workers comp for all MN employers
MN Statute 176
500K+
Small businesses in Minnesota
MN Dept. of Employment
43%
Small businesses hit by cyberattack
Verizon DBIR 2024
20+
Carriers in our commercial network
RightQuote carrier appointments
Why this market is different
What Minneapolis business owners need to know
Winter weather: Business interruption risk in Minnesota
Minnesota winters create real business interruption risk. Ice storms can close businesses for days. Roof collapses from snow load, pipe freezes, and sump pump failures can cause significant property damage. Business interruption coverage pays for lost revenue and continuing expenses when your business is forced to close due to a covered property loss. We review business interruption limits on every commercial policy we write.
Workers compensation: Required for virtually all Minnesota employers
Minnesota requires workers compensation coverage for virtually all employers with one or more employees — including part-time and seasonal workers. Failure to carry workers compensation is a misdemeanor and can result in significant fines. We write workers compensation for Minnesota businesses across all industries and help employers understand their classification codes and experience modification factors.
Cyber liability: The growing threat for Twin Cities small businesses
Minnesota has a data breach notification law that requires businesses to notify affected individuals and the attorney general after a breach. Small businesses are increasingly targeted because they often have weaker security than large enterprises. Cyber liability insurance covers notification costs, credit monitoring, legal defense, regulatory fines, and business interruption from a cyberattack. We recommend cyber coverage for any Minnesota business that stores customer data.
Business Owners Policy (BOP): The right starting point for most Minnesota small businesses
A BOP bundles general liability, commercial property, and business interruption coverage into a single policy at a lower combined premium than purchasing each separately. BOPs are designed for small to mid-size businesses with physical locations and moderate risk profiles.
In Minnesota, the business interruption component is particularly valuable — it pays for lost revenue and continuing expenses when your business is forced to close due to a covered property loss. We review business interruption limits carefully and recommend limits that reflect your actual revenue exposure.
General liability: The foundation of every Minnesota business insurance program
General liability covers claims that your business caused bodily injury or property damage to a third party. It is required by most commercial leases and client contracts. Standard limits are $1M per occurrence / $2M aggregate.
General liability does not cover professional liability claims, employee injuries (workers comp), or cyber incidents. We review your full risk profile and recommend the right combination of coverages.
Professional liability for Minnesota service businesses
Professional liability (errors and omissions) insurance covers claims that your professional services caused a client financial harm. It is required or strongly recommended for consultants, accountants, attorneys, architects, engineers, IT professionals, and other service businesses.
General liability does not cover professional liability claims — they require a separate policy. We write professional liability for a wide range of Minnesota service businesses.
Your local advisor
David Baxter
Founder & President — Maple Grove, MN
(612) 812-9292Get a Business QuoteWhat RightQuote does differently
- Business interruption limits reviewed on every policy
- Workers comp for all MN industries
- Cyber liability recommended for data-handling businesses
- Professional liability for service businesses
- BOP + umbrella packages for complete protection
- Independent — no carrier quotas
Frequently asked questions
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