Vermont Business Insurance

Customized protection for your Vermont business

Vermont business owners should consider carrying business insurance to protect from the financial and legal problems that often arise from a variety of work-related incidents.

Small businesses make up 99% of all businesses in Vermont and employ over 155,000 people, according to the U.S. Small Business Administration (SBA). Any of these businesses that employ at least one full or part-time employee must carry workers’ compensation insurance.

Get workers’ compensation, general liability, a BOP and more through the Progressive Advantage^® Business Program. Let us help you with a quote customized to your unique needs.

Types of VT business insurance

General Liability

This is the most common business insurance coverage, and nearly all businesses in Vermont 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

This coverage protects against damage to your vehicles and trailers, as well as injuries or property damage related to their use. Your personal auto policy doesn’t cover vehicles while they’re being used for business reasons.

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Workers' Compensation

Businesses in Vermont are required to have workers' comp insurance if they have five or more employees. Workers’ compensation insurance helps pay for expenses related to employees becoming injured or ill while working for you.

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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

Vermont 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 Vermont?

The cost of business insurance in Vermont depends on several factors, including a business’s size, experience and location. For example, a small business in Hartford with two part-time employees will have a different rate than one in Burlington with four full-time employees.

The most significant cost factor is the type of work your business does. Some businesses are exposed to more risk and can expect to pay more for coverage. For example, a roofer that routinely works high off the ground is considered to have more risk exposure than a painter that only works at ground level and can therefore expect to pay a higher rate.

Vermont business insurance requirements

Vermont requires any business with employees, including those with part-time employees, to carry workers’ compensation insurance. Exempt from this requirement are sole proprietors, casual workers and agricultural workers whose employer's payroll is $10,000 or less.

Visit the Vermont Department of Labor for more information on workers’ compensation facts, best practices and more.

Resources for Vermont small business owners:

Vermont Small Business Resource Center (VTSBDC)
Vermont Business Resources (Vermont Agency of Commerce)
2023 Vermont Small Business Profile (U.S. Small Business Administration)

Vermont 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 Vermont policy or a combination of business insurance coverages. Simply start a quote online or call us to speak with an agent.