Business Insurance in Iowa

Get the right commercial insurance for your Iowa business

Learn about Iowa's business requirements

Explore resources and expert policy recommendations

Complete one application to compare multiple quotes

Which insurance policies are recommended for Iowa businesses?

Small businesses in Iowa most often buy these types of insurance.

General liability insurance

This policy is important for all Iowa businesses. It covers common risks, including customer injuries. Most commercial leases require this business liability insurance.

Workers’ compensation insurance

Iowa requires workers' compensation for businesses that have one or more employees. It also protects sole proprietors from work injury costs that health insurance might deny.

Commercial auto insurance

This policy is required for business-owned vehicles in Iowa. It covers injuries and property damage in an accident, along with vehicle theft, vandalism, and weather damage.

Business owner’s policy

This insurance package bundles commercial property insurance and general liability coverage. It's often the most cost-effective type of commercial insurance for an Iowa business.

Professional liability insurance

Also called errors and omissions insurance (E&O), this liability policy protects businesses that provide professional services and expert advice.

Errors and omissions insurance

E&O, sometimes called professional liability insurance, is common with professional services in Iowa. It can cover the cost of lawsuits related to your work performance.

Cyber insurance

This policy helps Iowa businesses survive data breaches and cyberattacks by paying for client notification costs, legal fees, and other related expenses.

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.

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.

How to get insurance for your Iowa business

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 Iowa business, you can complete Insureon's easy online application to get quotes from top-rated insurance companies.

Which business insurance policies are required in Iowa?

State laws can affect which business insurance coverage you need. These policies are required everywhere in Iowa, from Des Moines to Davenport.

The state of Iowa requires businesses with one or more employees, full-time or part-time, to carry workers�� compensation insurance. Independent contractors are not considered employees.

Workers' comp covers medical costs for work-related injuries and illnesses. It also provides disability benefits for injured Iowa workers.

All business-owned vehicles in Iowa must be covered by commercial auto insurance. This policy covers the cost of accidents involving work vehicles.

Iowa's minimum requirements for auto liability insurance are:

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 general liability insurance or a business owner's policy (BOP).

How much does small business insurance cost in IA?

Commercial insurance can be affordable for small business owners. Average costs in Iowa are:

General liability: $37 per month Workers' comp: $45 per month Professional liability/E&O: $52 per month

Factors that affect business insurance costs include:

Top professions we insure

Don't see your profession? Don't worry. We insure most businesses.

FAQs about Iowa business insurance

Insureon's licensed agents can help you find policies that fulfill Iowa's business insurance requirements and match your type of business. Once you've purchased coverage with us, you can download a certificate of insurance by logging into your account.

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.

Iowa'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.

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 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 are required by state law to carry errors and omissions insurance (E&O), while other professionals who offer advice or services sometimes need this policy to get licensed.

Note that cities and counties may have their own laws, in addition to state laws.

As with any purchase, shopping around is one of the best ways to find an affordable option. With Insureon, you can compare quotes from top-rated insurance carriers by filling out a free online application.

Other ways to save include bundling policies for a discount, and choosing less expensive coverage options, such as lower limits or a higher deductible. Learn more about how to find cheap insurance that still meets your business insurance needs.