Life-event checklist
Insurance checklist for starting a business
Personal insurance policies commonly exclude business activity, so a new business, even a side business from home, usually needs its own coverage. Here is where to start.
Your checklist
Tell your home insurer about home-based work
Homeowners policies commonly limit business property and exclude business liability.
Start with general liability
It is often the first policy customers, landlords, and contractors ask to see.
Check how vehicles are used
Personal auto policies often exclude business use beyond commuting. Ask if you haul tools, materials, or customers.
Read contracts and leases
They often require specific limits, additional insured status, and certificates of insurance.
Plan for employees
South Dakota generally requires workers' compensation once you have employees.
Questions to ask your agent
Bring these to your review
- Does my homeowners or auto policy exclude what I am planning to do?
- Would a business owner's policy fit my business?
- What limits do my contracts or lease require?
Questions
Understand the coverage
- General Liability InsuranceInjuries and property damage you cause to others, and the lawsuits that follow.Learn more
- Business Owner's Policy (BOP)General liability and property packaged together for eligible small businesses.Learn more
- Commercial Auto InsuranceTrucks, vans, and trailers used for work, and the drivers who use them.Learn more
Talk it through with a licensed agent.
Bring this checklist to a free, no-obligation review, or upload your current policies first so the agent can see what you have.