State Requirements
Business Insurance Requirements by State
Find out what business insurance is legally required vs. recommended in your state. Get state-specific guidance for your coverage needs.
Select Your State
Choose your state to see specific insurance requirements and recommendations.
General State Requirements Overview
While requirements vary by state, here are the most common insurance requirements across the US.
Workers Compensation
Required in most states 45+ states
Employee threshold 1-5 employees
Coverage includes Medical, lost wages
General Liability
Legally required Rarely
Contract requirement Very common
Coverage includes Bodily injury, property damage
Professional Liability
Required for licensed pros Many states
Industry specific Real estate, financial
Coverage includes Professional mistakes
Cyber Liability
Legally required No states
Data breach laws All 50 states
Coverage includes Data breach response
Industry-Specific Requirements
Some industries have additional insurance requirements regardless of state.
Real Estate
Common Requirements
- • E&O insurance (most states)
- • General liability
- • Bond requirements vary by state
- • Minimum coverage limits set by state
Coverage Limits
- • E&O: $100K - $1M per occurrence
- • General Liability: $1M - $2M
- • Aggregate limits: $300K - $2M
- • Varies significantly by state
Financial Services
Common Requirements
- • E&O insurance (most states)
- • Fiduciary liability
- • Cyber liability (increasingly required)
- • Professional licensing requirements
Coverage Limits
- • E&O: $500K - $5M per occurrence
- • Fiduciary: $1M - $10M
- • Cyber: $1M - $10M
- • Higher limits for larger firms
Healthcare
Common Requirements
- • Medical malpractice insurance
- • General liability
- • Cyber liability (HIPAA compliance)
- • Professional licensing requirements
Coverage Limits
- • Malpractice: $1M - $5M per occurrence
- • General Liability: $1M - $2M
- • Cyber: $1M - $10M
- • State minimums vary significantly
Get state-specific quotes
Find out exactly what coverage you need in your state. Get personalized quotes from carriers that understand your local requirements.