NEXT tops our analysis of Idaho business insurance providers because of its strong customer service and comprehensive coverage. The Hartford and Simply Business are also reliable options for small business owners across the state.
Updated: August 20, 2025
Advertising & Editorial Disclosure
Key Takeaways
Small business owners can get the best business insurance in Idaho from NEXT, The Hartford and Simply Business.
The best business insurance in Idaho depends on your industry risks, employee count and preferred coverage limits.
To find the best coverage, assess your risks, compare multiple quotes, research provider service quality and maximize available discounts.
Best Business Insurance Companies in Idaho
| NEXT | 4.63 | 4 | 1 | 2 |
| The Hartford | 4.60 | 2 | 2 | 3 |
| Simply Business | 4.49 | 4 | 5 | 1 |
| Nationwide | 4.47 | 7 | 2 | 4 |
| Coverdash | 4.41 | 5 | 6 | 2 |
| biBERK | 4.39 | 8 | 2 | 5 |
| Progressive Commercial | 4.33 | 3 | 7 | 5 |
| Thimble | 4.31 | 1 | 8 | 5 |
| Hiscox | 4.28 | 6 | 4 | 6 |
| Chubb | 4.27 | 9 | 3 | 4 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Best by Coverage Type
NEXT offers the best business owner's policies (BOP), professional liability insurance and workers' compensation coverage. The Hartford provides Idaho's top general liability coverage.
| Business Owners Policy | NEXT | 4.61 |
| General Liability | The Hartford | 4.59 |
| Professional Liability (E&O) | NEXT | 4.74 |
| Workers Compensation | NEXT | 4.61 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Best Idaho Small Business Insurance Reviews
Our research identified the top three business insurance providers in Idaho for small business owners. Here's how each company's coverage options, rates and features set them apart.
NEXT
Best Customer Experience
MoneyGeek Rating
4.6/ of 5
4.5/5Affordability
4.7/5Customer Experience
4.8/5Coverage Options
Average Monthly Cost of General Liability Insurance
$102This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$69This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Survey: Claims Process
3.9/5Our Survey: Likely to Be Recommended to Others
4.8/5
The Hartford
Best for Affordability
MoneyGeek Rating
4.6/ of 5
4.5/5Affordability
4.6/5Customer Experience
4.7/5Coverage Options
Average Monthly Cost of General Liability Insurance
$83This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$70This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Survey: Claims Process
4.5/5Our Survey: Likely to Be Recommended to Others
4.5/5
Simply Business
Best for Coverage Availability
MoneyGeek Rating
4.5/ of 5
4.5/5Affordability
4.2/5Customer Experience
4.9/5Coverage Options
Average Monthly Cost of General Liability Insurance
$91This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$67This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Survey: Claims Process
3.7/5Our Survey: Likely to Be Recommended to Others
4.2/5
Cheapest Business Insurance Companies in Idaho
The Hartford provides Idaho's most affordable business insurance at $80 monthly ($954 annually). Small business owners can also find competitive rates from Thimble and Simply Business, with premiums starting at $89 and $92 per month, respectively. Compare coverage options and rates from these leading providers in the table below.
| The Hartford | $80 | $954 |
| Thimble | $89 | $1,071 |
| Simply Business | $92 | $1,103 |
| Progressive Commercial | $94 | $1,128 |
| NEXT | $95 | $1,134 |
| Coverdash | $96 | $1,148 |
| Nationwide | $96 | $1,152 |
| biBERK | $99 | $1,185 |
| Hiscox | $102 | $1,227 |
| Chubb | $111 | $1,337 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest General Liability Insurance Companies in Idaho
Idaho business owners can find the state's cheapest general liability coverage through The Hartford at $77 monthly. Simply Business offers the next lowest rate at $91 per month. Compare all provider rates in the table below.
| The Hartford | $77 | $929 |
| Simply Business | $91 | $1,089 |
| Nationwide | $92 | $1,103 |
| Progressive Commercial | $95 | $1,137 |
| NEXT | $98 | $1,172 |
| Coverdash | $98 | $1,176 |
| Thimble | $102 | $1,220 |
| Hiscox | $108 | $1,299 |
| biBERK | $108 | $1,300 |
| Chubb | $113 | $1,352 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest Professional Liability Insurance Companies in Idaho
NEXT offers the lowest-cost professional liability insurance (E&O) at $67 monthly ($802 annually). The Hartford provides another budget-friendly option for Idaho businesses.
| NEXT | $67 | $802 |
| The Hartford | $68 | $817 |
| Progressive Commercial | $71 | $855 |
| Thimble | $72 | $867 |
| Simply Business | $73 | $870 |
| Hiscox | $73 | $874 |
| Coverdash | $74 | $887 |
| biBERK | $75 | $904 |
| Nationwide | $78 | $931 |
| Chubb | $84 | $1,008 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on professional liability/errors and omissions policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest Workers’ Comp Insurance Companies in Idaho
NEXT offers Idaho's cheapest workers' comp coverage at $65 monthly ($781 annually). Thimble and The Hartford also provide competitive rates, making all three solid choices for affordable business insurance in the state.
| NEXT | $65 | $781 |
| Thimble | $67 | $799 |
| The Hartford | $67 | $799 |
| Progressive Commercial | $67 | $808 |
| Simply Business | $67 | $809 |
| Hiscox | $68 | $814 |
| Coverdash | $69 | $825 |
| biBERK | $71 | $855 |
| Nationwide | $76 | $917 |
| Chubb | $80 | $963 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on workers’ comp policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest BOP Insurance Companies in Idaho
The Hartford offers the cheapest BOP rates in Idaho at $106 per month ($1,272 annually). Business owners can also find affordable BOP coverage with Thimble, Simply Business and Nationwide.
| The Hartford | $106 | $1,272 |
| Thimble | $117 | $1,399 |
| Simply Business | $137 | $1,642 |
| Nationwide | $138 | $1,657 |
| biBERK | $140 | $1,682 |
| Coverdash | $142 | $1,702 |
| Progressive Commercial | $143 | $1,711 |
| NEXT | $149 | $1,782 |
| Hiscox | $160 | $1,920 |
| Chubb | $169 | $2,025 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on BOP policies. Survey results reflect limited sample data and may not represent all available rates in your area.
How Much Does Business Insurance Cost in Idaho?
Business insurance in Idaho ranges from $70 to $140 monthly, with workers' compensation being the most affordable and business owner's policies the most expensive. Rates vary based on the coverage type your business needs.
| BOP | $140 |
| General Liability | $98 |
| Professional Liability (E&O) | $73 |
| Workers Comp | $70 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Cost of Business Insurance by Industry and Coverage
Business insurance costs in Idaho vary by industry and coverage type. Our analysis shows speech therapists pay just $6 monthly for workers' compensation, while pressure washing businesses pay $1,266 monthly for a business owner's policy.
Data filtered by:Results filtered by:
Select
Coverage Type:Business Owners Policy
Select
Industry:Accountants
| Accountants | Business Owners Policy | $31 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
What Factors Influence My Costs?
Here are the key factors that affect your Idaho business insurance costs. Understanding these elements helps explain why your premium rates might be higher than expected.
Industry Risk Level
Your line of work directly impacts your insurance costs. In Idaho, construction companies pay much more than consultants because job sites have higher accident rates. A construction firm might pay $500 monthly for coverage, while an accounting office pays just $50 for similar protection levels.
Geographic Location and Weather Risks
Idaho's location affects your business insurance rates. According to NOAA data, Idaho experiences fewer natural disasters than most states, with primary risks from wildfires and winter storms. This relatively low risk profile helps keep property insurance rates stable compared to coastal or tornado-prone regions.
Business Size
Your workforce size directly affects insurance costs. Workers' compensation rates are calculated per $100 of payroll, while liability coverage considers your revenue and customer traffic. A retail store with 20 employees pays substantially more than a solo consultant working from home.
Claims History
Your claims record follows your business for years and can quickly increase your premiums. Filing multiple claims shows insurers you're a higher risk, affecting rates across all your coverage types. A clean claims history leads to better rates and more insurer options.
Coverage Types and Limits
Your coverage choices shape your premium costs. Higher liability limits increase your rates, but bundling coverage through a business owner's policy often saves money. Adding specialized coverage like cyber liability or professional liability insurance raises costs but provides essential protection.
Years in Business
New businesses start with higher premiums since insurers lack data to assess their risk level. After operating claim-free for several years, your rates often decrease as you build a solid track record with insurance companies.
Professional Certifications
Safety certifications and professional licenses can reduce your insurance costs, especially in high-risk industries. Many insurers offer rate discounts for OSHA certifications and industry-specific safety training programs that show your commitment to risk management.
Idaho Business Insurance Buying Guide
Getting business insurance can feel overwhelming when you're focused on running your business. Business insurance in Idaho is straightforward, and we'll guide you through each step to help you make smart coverage decisions.
What Coverage Is Required?
We've researched all the business insurance requirements in Idaho, so you don't have to. Below is a detailed breakdown of coverage requirements.
Workers' Comp
Most Idaho businesses don't need workers' compensation insurance, making it one of only two states where coverage is optional.
The one exception? If you have a contract with a government entity, you must provide coverage until the project wraps up. If you have employees and choose not to carry workers' comp, you lose legal protections against employee injury lawsuits. The exception: businesses with government contracts must provide coverage until the project completes.
Commercial Auto Insurance
Small businesses that own vehicles or require employees to drive for work need commercial auto coverage. Idaho requires all vehicles to carry at least $30,000 per person and $60,000 per accident for injuries, plus $25,000 for property damage. You'll also get personal injury protection automatically, though you can opt out in writing.
Contractor Bonds
If you hold a contractor license for electrical, plumbing or specialty work, you'll need to post a surety bond. This financial guarantee protects customers if you don't complete your job as promised or follow licensing rules. The amount depends on where you work and your contracting type.
Unemployment Insurance
Employers must register with the Idaho Department of Labor and pay unemployment insurance taxes for employees. While this isn't traditional insurance coverage you purchase from an insurance company, it's a mandatory tax that provides benefits to workers who lose their jobs through no fault of their own. All businesses with employees must participate in this state-administered program.
What Coverage Do We Recommend?
Business insurance requirements in Idaho are minimal, leaving you responsible for protecting your company properly. Our analysis shows the best coverage options for the state's leading industries:
Food | General liability, product liability, commercial property, equipment breakdown, business interruption, contamination coverage, recall coverage, wildfire coverage, workers' compensation | Idaho food processors handle potatoes, dairy and meat products with contamination risks and recall liability. Wildfire smoke can contaminate crops, while power outages from severe weather can spoil large inventories and trigger costly recalls. |
Manufacturing | General liability, product liability, workers' compensation, commercial property, business interruption, equipment coverage, wildfire coverage, earthquake coverage, supply chain interruption | Idaho manufacturers in semiconductor, lumber and food processing face wildfire risks, earthquake damage and supply chain disruptions from mountain weather. Remote locations create elevated equipment replacement costs and limited emergency response. |
Construction/Contractor | General liability, workers' compensation, commercial auto, builder's risk, professional liability, wildfire coverage, earthquake coverage, winter weather delays, mountain construction coverage | Idaho construction faces wildfire evacuation requirements, earthquake risks and extreme winter weather delays. Mountain construction projects have seasonal access limitations and specialized liability from challenging terrain and weather conditions. |
Trucking | Commercial auto, cargo coverage, general liability, workers' compensation, wildfire evacuation coverage, winter weather coverage, mountain driving coverage, chain law compliance | Idaho trucking companies face mountain pass driving hazards, wildfire road closures and severe winter conditions requiring chains. I-84 corridor operations have elevated accident risks from steep grades and changing weather conditions. |
How to Get the Best Cheap Business Insurance in Idaho
Running a small business in Idaho means watching every dollar, including insurance costs. Here are practical steps to secure reliable coverage that protects your business without straining your budget:
- 1
Assess Your Business Risks
Start by evaluating risks specific to your Idaho business operations. A Boise restaurant needs strong liability and property coverage, while a Twin Falls tech company should focus on cyber security and professional liability protection.
- 2
Compare Multiple Insurance Quotes
Contact at least three different insurance providers for quotes on your needed coverage. Idaho business owners often find price differences of 30% or more for identical coverage between carriers.
- 3
Evaluate Insurance Provider Quality
Look beyond price to check each provider's financial strength and claims service record. Idaho agricultural businesses should seek insurers with experience handling farm equipment and crop-related claims.
- 4
Take Advantage of Available Discounts
Combine your property and liability coverage into a business owner's policy for better rates. Idaho contractors can often save by documenting safety programs and maintaining clean claims records.
- 5
Schedule Annual Coverage Reviews
Set a yearly reminder to review your coverage as your business changes. An Idaho Falls retail shop expanding to online sales needs to adjust coverage for new shipping and cyber risks.
Idaho Business Insurance: Bottom Line
Based on our analysis, NEXT, The Hartford and Simply Business are Idaho's best business insurance providers. However, what's ideal for you depends on your business risks and employee needs. Research each company's service quality, maximize discounts and select coverage that fits your budget.
Small Business Insurance in Idaho: FAQ
Small business owners in Idaho often have questions about insurance coverage for their companies. Our experts answer common questions about business insurance requirements and options.
What business insurance is required by law in Idaho?
Idaho law requires workers' compensation if you have employees and commercial auto insurance for business vehicles (25/50/15 limits). Licensed contractors must carry surety bonds. Most clients require general liability coverage.
How much does business insurance cost in Idaho?
Business insurance costs in Idaho range from $70 to $140 monthly, depending on coverage. Workers' compensation is the most affordable at $70, while BOPs are $140. Actual costs depend on your industry, business size and claims history.
Which company has the cheapest business insurance in Idaho?
The Hartford offers the lowest rates at $80 monthly in Idaho, followed by Thimble ($89) and Simply Business ($92). Always compare quotes since rates vary based on specific risks.
What business insurance do I need for my small business in Idaho?
Start with general liability insurance for basic protection. Add workers' compensation if you employ staff and commercial auto for company vehicles. Retailers need property coverage, while contractors require equipment protection and builders risk insurance.
What is the best business insurance company in Idaho?
NEXT leads business insurance providers in Idaho with a MoneyGeek score of 4.63 out of 5.0. The Hartford and Simply Business are also excellent choices. Compare multiple providers to find coverage that matches your business requirements.
Do small businesses in Idaho need workers' compensation insurance?
Yes, workers' compensation insurance is mandatory for most Idaho businesses with employees. Employers without coverage face penalties and lose protection against workplace injury lawsuits.
What factors affect business insurance costs in Idaho?
Your industry heavily influences costs. Construction businesses pay higher premiums than retail stores. Location within Idaho affects rates, with flood-prone areas seeing higher costs. Employee count impacts workers' compensation, while claim history and safety measures influence final rates.
How do I get cheap business insurance in Idaho?
Compare quotes from multiple insurers, starting with NEXT and The Hartford. Bundle policies, implement safety programs and assess your exact coverage needs to maximize savings.
What's the difference between general liability and errors and omissions (professional liability) insurance in Idaho?
General liability protects against physical injuries and property damage, like customer accidents or equipment damage. Professional liability covers service-related mistakes, including missed deadlines or incorrect professional advice.
Can I get business insurance quotes online in Idaho?
Yes, major insurers provide online business insurance quotes in Idaho. For complex businesses like contractors, working with an agent ensures proper coverage for specialized needs like pollution liability.
How We Scored the Best Business Insurance Companies in Idaho
Small business owners in Idaho need reliable coverage that protects their operations without breaking their budgets. We designed our methodology to help Idaho entrepreneurs navigate challenges like wildfire risks and the state's optional workers' compensation laws.
We studied thousands of quotes from 79 industries across four coverage types for a two-employee firm with $300,000 annual revenue and $150,000 payroll. All policies included $1 million per occurrence and $2 million total per year, with BOPs adding $5,000 business property coverage.
- Affordability (50% of score): We analyze premium costs across multiple industries and coverage types, comparing rates for similar coverage levels to identify insurers offering the best value.
- Customer experience (30% of score): Our evaluation includes claims processing speed, customer support quality and digital tools that save business owners time.
- Coverage options (15% of score): We examine policy customization options, industry-specific endorsements and coverage limits that match business needs.
- Financial strength (5% of score): We review insurer stability ratings from independent agencies to ensure companies can pay claims long-term.
This approach helps Idaho small business owners compare insurers on what matters most: affordable premiums, reliable service, adequate coverage and financial stability.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- NEXT. "NEXT Empowers Agents with Enhanced Products, Cutting-Edge Digital Tools, Opening New Revenue Opportunities and Sparking Momentum in Small Business Insurance." Accessed July 25, 2025.
- Simply Business. "Simply Business Offers Insurance to Third-Party Sellers Through Amazon Insurance Accelerator." Accessed August 21, 2025.
- The Hartford. "Customer Claims Ratings and Reviews." Accessed August 21, 2025.
- Trustpilot. "NEXT." Accessed August 21, 2025.
- Trustpilot. "Simply Business US." Accessed August 21, 2025.
- Trustpilot. "The Hartford." Accessed August 21, 2025.