Protect Your Indianapolis Business With Small Business Insurance From The Hartford
Indianapolis is home to more than 880,000 people and is the capitol of Indiana – a state that has more than 529,000 small businesses.1,2 Many of these small businesses represent varied industries, such as construction, technical and professional services, retail and real estate.2 We offer business insurance in Indianapolis, IN to help protect small business owners from financial loss and prepare for the unexpected.
What Kind of Insurance Do Indianapolis Businesses Need?
Small businesses make up 99.4% of all Indiana businesses.2 For nearly 100 years, we’ve helped small business owners in Indianapolis get the insurance coverages they need to keep their doors open.
There are several types of business insurance in Indianapolis, IN that can help protect your business:
- General liability insurance protects your business from claims that it caused bodily injury or property damage to others during normal business operations.
- Indiana workers’ compensation insurance protects your workers if they get sick or injured on the job. It can also protect small business owners by helping to cover legal fees if an employee sues you. The state of Indiana requires most small business owners to carry workers’ comp coverage.
- Commercial property insurance helps protect the owned or rented commercial property that you use to operate your business.
- Business Owner’s Policy (BOP) combines business property and business liability insurance into one policy. It’s a simple and convenient way for small business owners to bundle two important insurance coverages into one.
- Professional liability insurance, also known as errors and omissions insurance, protects you and your Indiana business if a mistake in your professional services caused a financial loss for your client.
- Commercial auto insurance helps cover the cost of an auto accident caused by you or your employees while driving a company-owned vehicle. It can help pay for both injury and property damage as well as medical bills.
- Cyber insurance helps cover liability expenses from technology-related risks such as a data breach or cyberattack. If you collect, store, send or receive customer information, it’s important to protect your business against cyber risks.
The state of Indiana does have minimum coverage requirements for its small businesses. To learn more about the liability coverage your Indiana business needs, visit the State of Indiana website
How Much Does Business Insurance in Indianapolis Cost?
Every Indiana small business will need at least a few types of small business insurance other than health insurance. And the costs for each policy will vary based on a number of factors, such as your:
- Business location
- Type of industry
- Claims history
- Number of employees
Our customers paid an average of $979 annually, or about $81 a month, for business insurance coverage in Indiana. For workers’ compensation insurance, customers in Indiana paid an average of $862 annually, or about $72 a month.3 The cost of your insurance coverages will depend on your small business’ specific needs. Whether you’re looking for protection against injury and property damage, a cyber attack or unfortunate mistakes, we’ve got your back.
Get a Quote for Business Insurance in Indianapolis, IN
Like your small business, every insurance company is unique. For more than 200 years, we’ve helped over 1 million small business owners get the right insurance to protect their livelihoods.
So, whether you want to get an insurance quote online or need help filing a claim, our specialists are here for you.
Last Updated: November, 2023
1 U.S. Census Bureau, “Quickfacts for Indianapolis, IN, 2020”
2 U.S. Small Business Administration Office of Advocacy, “Indiana Small Business Profile, 2021”
3 Premium amounts presented are based on monthly premium paid by The Hartford's Small Business customers between 1/1/22 and 9/14/23 for 12-month policies. Premium is derived from a number of factors specific to your business and may vary.
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