Iowa Business Insurance
Customized protection for your Iowa business
Iowa small business owners should consider protecting their livelihoods with a business insurance policy, as it can help shoulder the financial stress of an accident or mishap at work.
According to the U.S. Small Business Administration, Iowa's over 272,000 small businesses employ 45% of the state's workforce. These businesses are required to protect their employees with workers' compensation insurance.
Finding business insurance that fits your needs is simple with the Progressive Advantage® Business Program. Our insurance experts can help you customize a policy if you need general liability, a BOP, workers' compensation or a combination of coverages.
Types of IA business insurance
This is the most common business insurance coverage, and nearly all businesses in Iowa should have it. It protects against third-party bodily injury and property damage, as well as personal and advertising injury.
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This coverage protects against damage to your vehicles and trailers, as well as injuries or property damage related to their use. Your personal auto policy doesn't cover vehicles while they're being used for business reasons.
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Businesses in Iowa are required to have workers' comp insurance if they have one or more employees. Workers' compensation insurance helps pay for expenses related to employees becoming injured or ill while working for you.
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A BOP combines property and liability coverage into one easy-to-manage policy. It's a great option for small to medium-sized businesses that rent or own commercial property, such as a storefront, warehouse or office building.
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Iowa businesses that offer professional services should consider this coverage. It protects businesses from claims of professional negligence, both actual or alleged, and helps pay for defense costs. It's also known as errors and omissions insurance (E&O).
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This protects against incidents like data breaches and cyber attacks. It includes first-party and third-party protection for things like investigative services, data recovery and legal costs. Businesses that store or manage customer data, like credit card information, typically need this coverage.
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How much does business insurance cost in Iowa?
The cost of business insurance in Iowa is dependent on many factors, including a business's size, location and experience. For example, a business with ten employees in Ames can expect a different premium than one with four employees in Des Moines.
The most important cost factor, however, is the type of work your business does. This is because some professions are exposed to more risk than others. For example, a window washer that scales the outside of tall buildings is exposed to more risk than a house cleaner that only works from the interior of buildings. In this situation, the window washer can expect to pay a higher rate.
Learn more about the factors that influence your business insurance rate.
Iowa business insurance requirements
Workers' compensation insurance is required for nearly all Iowa businesses with employees. Exemptions include members of an LLC, domestic employees who made less than $1,500 in the year before the injury and agricultural exchange workers.
View Iowa's Workers' Compensation Guide for more information.
Resources for Iowa small business owners:
- Iowa Small Business Resources (Iowa Secretary of State)
- Iowa Small Business Development Center (ISBDC)
- The Iowa Center for Economic Success (The Iowa Center)
- 2023 Iowa Small Business Profile (U.S. Small Business Administration)
Iowa professions we insure
We help small business owners from a wide variety of industries, including these common professions:
Browse more examples of professions we insure.
Why choose Progressive?
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Options We can help you secure coverage at any stage of your business's development with the flexibility to adjust your policy as your business changes. Our agents will work with you to make sure you're getting protection that meets both your needs and budget.
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Experts As the #1 commercial auto insurer in America*, you can trust us with all your business insurance needs. Our team of specially trained, in-house agents can assist you every step of the way to make sure you're getting the best coverage for your business.
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Convenience There are several ways to get a quote, whether you need a single Iowa policy or a combination of business insurance coverages. Simply start a quote online or call us to speak with an agent.
Business insurance for all Iowa cities
We can customize business insurance in all Iowa cities, including, but not limited to:
- Des Moines
- Cedar Rapids
- Davenport
- Sioux City
- Iowa City
- West Des Moines
- Ankeny
- Waterloo
- Ames
- Council Bluffs
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