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Minnesota is home to both small and large firms. Its business landscape is booming thanks to its diverse economy and entrepreneurial culture. However, local businesses are facing multiple challenges owing to varying economic and regulatory regulations along with rising costs of doing business.
In a dynamic landscape such as this, business insurance is becoming a fundamental tool for a firm’s growth. Investing in reliable coverage from a trusted firm means avoiding unforeseen financial setbacks such as property damage and legal settlements. This is the reason why you should be working with a well-established carrier.
We have prepared a list of seven leading firms in Minnesota that offer business insurance. Through these providers, you are able to secure your assets and minimize your business risks with peace of mind.
InsuranceBee
InsuranceBee provides personalized business insurance services to small businesses, freelancers, and independent contractors in Minnesota. Their extensive line of insurance plans includes general liability insurance, professional liability, business owner’s policy, cyber liability insurance, and workers’ compensation coverage.
They cater to a wide variety of industries, including artisan contractors, consultants, handymen, caregivers, insurance agents, janitorial and cleaning services, landscaping, mobile food vending, property maintenance, and real estate.
InsuranceBee also distinguishes itself from its competitors through its web portal, which allows clients to obtain quotes and buy plans in just minutes.
Tivly
Tivly is an insurance marketplace that connects Minnesota-based businesses to a vast network of more than 200 insurance providers. This way, firms can get in touch with leading carriers and have a wide range of insurance options to choose from.
The company also offers various types of policies including general liability, professional liability, workers’ compensation, and commercial auto insurance to industries with the likes of construction, consulting, retail, and trucking.
The insurance firms streamline the policy purchase and management process by providing tailored solutions and quotations at the best rates.
NEXT Insurance
NEXT Insurance provides small businesses in Minnesota with specialized coverage plans that protect them from unforeseen financial setbacks. Their products include general liability, professional liability, workers’ compensation, commercial auto, and Business Owner Policy.
The industries that NEXT serves include construction, retail, consulting, and food services. A distinguishing feature of insurance firms is their online system that allows customers to receive quotes and purchase coverage in under 10 minutes. You don’t have to spend the entire day going through the tedious paperwork.
Thimble
Thimble provides adaptable business insurance options to meet the diverse needs of Minnesota’s small businesses. Their products range from business owner’s policies (BOP), business equipment coverage, to professional and including general liability.
The professionals that Thimble serve include:
- Handymen
- Landscapers
- Janitors
- Event management
- Consultants
- Photographers
- Videographers
- Fitness experts
With Thimble at their side, businesses have the freedom to purchase coverage by hour, by day, or by month. They have a digital portal through which professionals can get instant quoting and Certificates of Insurance (COIs).
Hiscox
Hiscox provides specialized coverage that protects Minnesota’s small businesses from financial setbacks. Their coverage options include everything from general liability, professional liability, business owner’s policies (BOP), to cyber insurance.
The Anglo-Bermudan firm is highly committed to flexibility, allowing business owners to personalize their plans to suit their company’s unique needs. They cater to multiple professions, such as consulting, marketing, and construction. Their online portal makes it easy to secure a quote and coverage without hassles.
Soderholm Insurance
Soderholm Insurance has been offering a wide range of solutions tailored especially to Minnesota businesses for well over 139 years. Their products include Business Owners’ Policies, workers’ compensation, commercial auto, general liability, and professional liability insurance.
Covering wide-ranging business markets, Soderholm’s skilled agents provide guidance that helps businesses overcome insurance-related challenges. Their vast experience and community building make them a trusted partner in looking after your commercial insurance needs within Minnesota.
Progressive
Progressive is one of the leading insurance carriers in Minnesota, offering comprehensive business insurance services to a wide range of industries including construction, retail, and professional services. Their products include general liability, commercial auto, workers’ compensation, and business property insurance.
Progressive stands out with its customizable policies, allowing businesses to tailor coverage to their specific needs. Additionally, their user-friendly online tools and 24/7 customer support make managing policies and filing claims seamless. With competitive rates and a reputation for reliability, Progressive is a trusted partner for Minnesota businesses seeking comprehensive coverage.
Brief Overview of Leading Insurance Firms In Minnesota
The table below will provide a clear understanding of the eight insurance firms, their products, and the unique selling features that have made them a household name in Minnesota.
| Insurance Firm | Services Offered | Unique Selling Feature |
| InsuranceBee | General Liability, Professional Liability, Business Owner’s Policy (BOP), Cyber Liability, Workers’ Compensation | The online system allows for quick quotes and coverage in under 10 minutes |
| Tivly | General Liability, Professional Liability, Workers’ Compensation, Commercial Auto | Connects businesses with over 200 providers for the best insurance options |
| NEXT Insurance | General Liability, Professional Liability, Workers’ Compensation, Commercial Auto, Business Owner’s Policy (BOP) | Online system allows for quick quotes and coverage in under 10 minutes |
| Thimble | Business Owner’s Policy (BOP), Business Equipment Coverage, General Liability, Professional Liability | Flexible coverage options available by the hour, day, or month |
| Hiscox | General Liability, Professional Liability, Business Owner’s Policy (BOP), Cyber Insurance | Highly customizable policies tailored to business needs |
| Soderholm Insurance | Business Owner’s Policy (BOP), Workers’ Compensation, Commercial Auto, General Liability, Professional Liability | Over 139 years of experience with personalized service |
| Progressive | General Liability, Commercial Auto, Workers’ Compensation, Business Property Insurance | Customizable policies with 24/7 customer support and easy online management |
Top Cities in Minnesota for Business Insurance
The following cities in Minnesota are favorable locations for business activities and are hotspots for customized solutions.
- Minneapolis
- Saint Paul
- Rochester
- Duluth
- Bloomington
- Brooklyn Park
- Plymouth
- Eagan
- WoodburyMaple Grove
- St. Cloud
- Mankato
- Moorhead
- Bemidji
- Marshall
Minnesota Government Resources for Business Insurance
You can get additional information about business insurance requirements in Minnesota through these government resources.
- Minnesota Department of Employment and Economic Development (DEED)
- Minnesota Department of Commerce
- U.S. Small Business Administration (SBA) – Minnesota District
- Minnesota Secretary of State
Conclusion
Businesses in Minnesota can achieve financial success if they invest in insurance coverage that will safeguard them from costly, unforeseen financial setbacks. The seven firms listed here stand among the most trusted coverage providers within the state.
Do you have plans to expand your business across the United States? Browse through our vetted list of experienced commercial insurance carriers in Arizona and the best business insurance firms in Maine. For your funding alternatives in Minnesota, these firms will be at your assistance. Visit Sophisticated Investor for more detailed information about business insurance.
Brandi is a financial writer and entrepreneur with decades of expertise covering U.S. business and financial topics. Her work has been featured on Consumer Affairs, ASBN Small Business Network, Koho and many other top financial publications.
