Choose The Hartford for All Your Nebraska Business Insurance Needs
Nebraska, the Cornhusker State, is home to 172,958 small businesses, making up 99.1% of companies in the state in 2018. Here we define small businesses in Nebraska as companies with fewer than 500 employees. These small businesses employ 406,745 employees throughout the state.1 Nebraska companies have been protecting themselves with business insurance from The Hartford for over 100 years. Learn more about Nebraska small business insurance and workers’ comp insurance from The Hartford.
Types of Nebraska Business Insurance Offered
Nebraska Business Owner’s Policy Insurance
A Nebraska Business Owner’s Policy is an insurance policy that combines both business property insurance and business liability insurance for your small business needs. A Business Owner’s Policy, also known as a BOP, can help protect your Nebraska business from the costs of damages from things like theft, fire, or other disasters. BOP coverage also helps your business cover the costs related to claims against it for things like bodily injury, personal and advertising injury, property damage and other covered accidents that may arise during the course of your daily business operations.
Businesses in Nebraska can tailor their Business Owner’s Policy to meet the unique needs of their company by adding additional coverages like commercial auto insurance, data breach insurance, and more. Purchasing a BOP is straightforward and convenient. It provides broad insurance coverage by including business property and business liability – two important insurance coverages most businesses need – into one single policy.
Consider a Business Owner’s Policy if:
- You have business property that could be stolen or damaged, including office equipment, inventory, office furniture, or customer information.
- Your Nebraska business could be sued, for example by a customer who is hurt in your office or store.
- Your business has a physical location, whether it’s an office in your home, a work space that is rented or owned, a store, or another place of business.
Nebraska Data Breach Insurance
Data breach insurance and cyber liability insurance can help protect your Nebraska business from the costs of a data breach. Depending on the level of coverage you select, the insurance coverage helps cover the costs for things like public relations, legal fees, identify protection solutions, and more. Having data breach coverage in place is critical because immediate action is necessary for restoring the public’s confidence in your company if you are victimized by a cyber attack or data breach. To reduce the risk of civil litigation and other penalties when a data breach occurs, data breach insurance can provide access to professionals who can help assist your business in complying with applicable laws and regulations.
Two ways data breach insurance from The Hartford can help protect your Nebraska business are:
- Quick responses when a data breach takes place. Companies must respond quickly to minimize the impact of a data security incident on their customers, employees, vendors and their business. Their reputation is at risk and legal requirements must be addressed immediately to prevent further damage, lawsuits and steep penalties.
- Helps prepare your business for a data breach. The Hartford provides services that assist Nebraska companies in preparing for a data breach by helping ensure that proper security measures are in place before an incident occurs.
Nebraska Workers’ Compensation Insurance
Workman’s Comp Insurance, also known as workers’ compensation insurance, provides benefits to Nebraska employees for work-related injuries and illnesses contracted at work. In Nebraska, most employers are required to carry workers’ compensation insurance if their business has one or more employees.2 This coverage includes medical care, help replacing lost wages when unable to work, and more. Workers’ Compensation Insurance protection may also help cover legal fees if a worker’s family decides to sue your business.
Workers’ Compensation Insurance coverage can help protect your business and employees from the costs of accidents such as these:
- A kitchen employee slips on the wet floor, injures her neck, and requires a visit to the hospital and eight weeks of recovery.
- An employee driving to the office after a client networking event is critically injured in a car accident, requiring medical attention and a ride to the hospital in an ambulance.
- An employee injures his foot while moving furniture around the office and requires a doctor’s visit, medication, and recovery time.
Nebraska General Liability Insurance
Nebraska General Liability Insurance, also known as Commercial General Liability Insurance or Business Liability Insurance, helps protect your business from the costs related to bodily injury claims, property damage claims, and personal and advertising injury claims against your business. General Liability Insurance also provides coverage for injuries to your customers, damage to others’ property, and lawsuits against your business. It can help pay for medical expenses and legal costs if an incident leads to a lawsuit.
Commercial Liability Insurance can help cover the costs related to claims of:
- Reputational harm
- Medical payments
- Damage to rented property
- Advertising errors
- Bodily injury
Nebraska Minimum Business Insurance Requirements
The Nebraska Workers’ Compensation Act applies to the State of Nebraska, to every governmental agency created by it, and to every employer in the state employing one or more employees in the regular trade, business, profession, or vocation of the employer. Almost all employees are covered by the workers’ compensation law, including employees of private industry, state and local government, part-time employees, minors, and employees of charitable organizations. Exceptions to this rule include federal employees, railroad employees, and some other Nebraska industries.2
Nebraska is a retaliatory state and all fees, premium taxes, deposits, and other charges will be charged at the rate in Nebraska law or the rate charged by the domiciliary state, whichever is higher.3
Additional Nebraska Business Insurance Links
- Commercial Auto Insurance
- Business Income Insurance
- Commercial Flood Insurance
- Commercial Property Insurance
- Commercial Umbrella Insurance
- Management & Professional Liability
- Surety & Fidelity Bonds
- Home-Based Business Insurance
- Employment Practices Liability
- Risk Engineering
- Loss Sensitive (Deductible) Solutions
Get a quote on Small Business Insurance for your business today.