Arkansas Business Insurance

Customized protection for your Arkansas business

Businesses in Arkansas should consider carrying business insurance to protect from lawsuits and financial setbacks that often result from workplace accidents.

There are over 268,000 small businesses in Arkansas that make up over 99% of all businesses in the state. These businesses collectively employ over 496,000 people and are required to carry workers’ compensation insurance if they have three or more employees.

Finding business insurance for your Arkansas business is easy with the Progressive Advantage^® Business Program. Our insurance experts can help you secure the coverages you need to feel confident that your livelihood is protected.

Types of AR business insurance

General Liability

This is the most common business insurance coverage, and nearly all businesses in Arkansas should have it. It protects against third-party bodily injury and property damage, as well as personal and advertising injury.

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Commercial Auto

Commercial auto provides liability and physical damage coverage for your business vehicles. Most personal auto policies don’t cover vehicles used for business, which includes transporting supplies or traveling between job sites.

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Workers' Compensation

Businesses in Arkansas are required to have workers’ comp insurance if they have three or more employees. Workers’ comp insurance helps pay for expenses related to employees becoming injured or ill at work.

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Business Owners Policy (BOP)

A BOP combines property and liability coverage into one easy-to-manage policy. It’s a great option for small to medium-sized businesses that rent or own commercial property, such as a storefront, warehouse or office building.

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Professional Liability

Arkansas businesses that offer professional services should consider this coverage. It protects businesses from claims of professional negligence, both actual or alleged, and helps pay for defense costs. It’s also known as errors and omissions insurance (E&O).

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Cyber Insurance

This protects against incidents like data breaches and cyber attacks. It includes first-party and third-party protection for things like investigative services, data recovery and legal costs. Businesses that store or manage customer data, like credit card information, typically need this coverage.

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How much does business insurance cost in Arkansas?

The cost of business insurance in Arkansas is based on many factors, like your business’s age, location and size. For example, a business located in Fayetteville with four employees can expect a different premium than one located in Little Rock with fifteen employees.

Another important factor is the specialty of your business. Some professions are exposed to more risk than others, which causes their rates to differ. For example, a tree trimmer who routinely works above ground level is exposed to more risk than a landscaper who only works at ground level and can expect to pay a higher rate because of it.

Arkansas business insurance requirements

Arkansas legally requires businesses with three or more employees to carry workers’ compensation insurance. Employers with less than three employees might require coverage depending on their situation and should check with the Arkansas Workers’ Compensation Commission to find out if they’re exempt.

While workers’ compensation is the only business insurance coverage required by state law, you should consider carrying additional coverages. Having the right protection can help minimize the financial challenges that can result from an accident involving your business.

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Resources for Arkansas small business owners:

Arkansas Small Business and Technology Center (AKSBTC)
Arkansas Business Resources (Arkansas.gov)
2023 Arkansas Small Business Profile (U.S. Small Business Administration)

Arkansas 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?

Options

We can help you secure coverage at any stage of your business’s development with the flexibility to adjust your policy as your business changes. Our agents will work with you to make sure you’re getting protection that meets both your needs and budget.
Experts

As the #1 commercial auto insurer in America^*, you can trust us with all your business insurance needs. Our team of specially trained, in-house agents can assist you every step of the way to make sure you’re getting the best coverage for your business.
Convenience

There are several ways to get a quote, whether you need a single Arkansas policy or a combination of business insurance coverages. Simply start a quote online or call us to speak with an agent.