Alabama Business Insurance
Customized protection for your Alabama business
As an Alabama business owner, you should consider several types of business insurance to protect against a wide range of risks related to your daily operations, employees and business property. Choosing to run a business without insurance might result in managing costly lawsuits and recovery expenses on your own.
In 2022, private sector businesses accounted for over 89% of Alabama’s 37,300 non-fatal workplace injuries, according to the Bureau of Labor Statistics. Incidents like these can disrupt your business operations and add unnecessary financial stress. Insurance helps minimize these problems.
Shop for general liability, a business owners policy (BOP), workers’ compensation and more through the Progressive Advantage® Business Program. Our licensed specialists can help customize an Alabama business insurance policy to your needs.
Types of AL business insurance
How much does business insurance cost in Alabama?
The cost of an Alabama business insurance policy depends on several factors, including your coverage needs, industry, location and size. For example, a business located near the coast in Mobile can expect a different rate than a business located inland in Birmingham.
The most influential of these factors is your profession. Businesses are typically rated on the risks associated with their industry and the type of work that’s done. Tree trimmers, manufacturers and general contractors are considered high-risk and will likely pay more for coverage.
Learn more about the factors that influence business insurance rates. You can also get a quote online to find out what you’ll pay for your unique situation.
Alabama business insurance requirements
Alabama’s workers’ compensation law requires businesses that regularly employ five or more people to carry workers’ comp insurance. Employers of domestic employees, farm laborers and casual employees are exempt, but can choose to be covered by the provisions of the law.
Employers can get workers’ comp by purchasing coverage through an insurance carrier, joining a group self-insurance fund or qualifying to be self-insured.
While other types of business insurance aren’t legally required in Alabama, you probably should have some coverage to protect you from unexpected accidents and mishaps. Business partners and prospective clients usually require you to have coverage as part of their contracts.
Resources for Alabama small business owners:
Alabama professions we insure
We help small business owners from a wide variety of industries, including these common professions:
Browse more examples of professions we insure.
Why choose Progressive?
Business insurance for all Alabama cities
We can customize business insurance in all Alabama cities, including, but not limited to:
More information