Find policies that match Montana's requirements
Save money by comparing free quotes from top-rated insurance carriers.
Choose from the nation's best insurance providers
Get the right commercial insurance for your Montana business
Learn about Montana's business requirements
Explore resources and expert policy recommendations
Complete one application to compare multiple quotes
Which insurance policies are recommended for Montana businesses?
Small businesses in Montana most often buy these types of insurance.
General liability insurance
This policy is important for all Montana businesses. It covers common risks, including customer injuries. Most commercial leases require this business liability insurance.
BEST FOR
- Customer bodily injuries
- Damaged customer property
- Libel and other personal injuries
Workers’ compensation insurance
All MT businesses that have employees must purchase workers’ comp insurance. This policy also protects sole proprietors from work injury costs that health insurance might deny.
BEST FOR
- Employee medical expenses
- Disability benefits
- Legal fees from employee injuries
Commercial auto insurance
This policy is required for business-owned vehicles in Montana. It covers injuries and property damage in an accident, along with vehicle theft, vandalism, and weather damage.
BEST FOR
- Accidents involving commercial vehicles
- Theft of a business vehicle
- Damage to a company vehicle
Business owner’s policy
A BOP bundles commercial property insurance and general liability coverage in one plan. It's often the most cost-effective type of commercial insurance for a Montana business.
BEST FOR
- Customer injuries
- Damaged customer property
- Damaged business property
Professional liability insurance
This policy, also called errors and omissions insurance (E&O), protects Montana businesses that provide professional services or advice. It covers lawsuits related to work performance.
BEST FOR
- Work mistakes and oversights
- Professional negligence lawsuits
- Late or incomplete work
Errors and omissions insurance
E&O, sometimes called professional liability insurance, is common with professional services in Montana. It can cover the cost of lawsuits related to your work performance.
BEST FOR
- Missed deadlines
- Accusations of negligence
- Errors and oversights
Cyber insurance
This policy covers financial losses from data breaches and cyberattacks. It's recommended for Montana businesses that handle credit card numbers and other sensitive data.
BEST FOR
- Customer notification expenses
- Fraud monitoring services
- Data recovery costs
Commercial umbrella insurance
Umbrella insurance boosts coverage on your general liability insurance, commercial auto insurance, and employer's liability insurance when the underlying policy reaches its limit.
BEST FOR
- Customer lawsuits
- Auto accident lawsuits
- Employee injury lawsuits
Commercial property insurance
This policy covers the value of a business's physical structure and its contents, such as inventory, equipment, and furniture. Bundle it with general liability coverage in a BOP for savings.
BEST FOR
- Fire
- Theft and vandalism
- Weather damage
Looking for different coverage? See more policies.
Verified business insurance reviews
Hear from customers like you who purchased small business insurance.
Which business insurance policies are required in Montana?
State laws can affect which business insurance coverage you need. These policies are required everywhere in Montana, from Helena to Billings.
Workers' compensation insurance
Montana state law requires that all businesses with employees carry workers’ compensation insurance. This policy covers medical costs for work-related injuries and illnesses. It also provides disability benefits for injured Montana workers.
Visit the Montana Department of Labor & Industry for details.
Commercial auto insurance
All business-owned vehicles in Montana must be covered by commercial auto insurance. This policy covers the cost of accidents involving work vehicles.
Montana's minimum requirements for auto liability insurance are:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $20,000 property damage liability per accident
Trucking companies may need additional coverage to comply with regulations.
Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance (HNOA), as personal auto policies usually exclude business use. It can be added to commercial general liability insurance or a business owner's policy.
How much does small business insurance cost in MT?
Commercial insurance can be affordable for small business owners. Average costs in Montana are:
General liability: $58 per month
Workers' comp: $69 per month
Professional liability/E&O: $52 per month
Factors that affect business insurance costs include:
- Your type of business
- Business revenue
- Number of employees
- Policy limits and deductibles
How to get insurance for your Montana business
View video transcript.
We're on top of your small and medium-sized business insurance needs. We'll help you find policies that protect what you've worked so hard to build. Start here.
Tell us about yourself. Questions? We've got your back. The info you share is secure. We'll double-check it and a pro with experience in your field will be in touch.
Fast? You can compare quotes from leading insurance providers in seconds and get a certificate of insurance the same day.
Always online, always on your side. Helping protect your business.
When you are ready to get insurance for your Montana business, you can complete Insureon's easy online application to get quotes from top-rated insurance companies.
FAQs about Montana business insurance
Review answers to frequently asked questions about Montana insurance.
How do I get a certificate of insurance for my business?
Insureon's licensed agents can help you find policies that fulfill Montana's requirements and protect against financial loss. Once you've purchased insurance with us, you can download a certificate of insurance by logging into your account.
Can my company be held liable for a data security breach?
Yes – that's why cyber insurance is so crucial. Hackers are three times more likely to target small businesses, as they often have fewer resources to combat a threat.
Montana's data breach laws require businesses to report security breaches to affected residents, and the costs can escalate quickly. Cyber liability insurance lessens the financial impact by paying for notification costs, legal fees, and fines.
Does my industry affect state business insurance requirements?
Yes, your state may have special requirements for business insurance and bonds for your industry. You may also need a license depending on the work you do.
Contractors often need to carry Montana general liability insurance or surety bonds to perform certain types of work. Having the right insurance and bonds helps you comply with state licensing requirements.
Real estate agents and brokers and other professionals who offer advice or services sometimes need errors and omissions insurance (E&O; also known as professional liability insurance) to get licensed in their state.
Some businesses, such as cannabis dispensaries, aren't required to carry a specific policies, but would likely benefit from small business insurance to protect against common risks.
Note that cities and counties may have their own laws, in addition to state laws.
How can I save money on Montana small business insurance?
As with any purchase, shopping around is one of the best ways to find an affordable option. With Insureon, you can compare business insurance quotes from top-rated providers by filling out a free online application.
Other ways to save include bundling insurance products for a discount, and choosing less expensive policy options, such as lower limits or a higher deductible. Learn more about how to find cheap business insurance.