Sitting along the west coast of Lake Michigan, Milwaukee is home to some of the region’s best breweries and cheese curds. 1 The beautiful River Walk views, lakefront beach access and boutique shopping are just a few of the attractions enjoyed by both locals and tourists. 2 With almost 300 new Wisconsin-based businesses started in 2021, Milwaukee is a place prime for business growth. 3
Whether you’re planning on starting a small business or already have one, it’s essential to get business insurance. Having the right business insurance coverage can help protect your Wisconsin small business from things like property damage, legal liability and employee-related risks.
We’ve helped over 1 million small businesses get the coverage they need. We can work with you to help make sure you have the right insurance coverage for your company.
Small businesses in Milwaukee, WI may need different types of business insurance to be fully protected from costly claims that could come up during normal business operations. Some types of business insurance that your Milwaukee, WI small business may need include:
Business property insurance, also called commercial property insurance, helps protect your owned or rented building, tools and the equipment you use to operate your business.
Data breach insurance, also known as cyber insurance, helps cover liability expenses from technology-related risks such as a data breach or cyberattack. If you collect, store, send or receive customer information, it’s important to protect against cyber risks.
Commercial auto insurance helps cover the cost of an auto accident if you or your employee is at fault. If you or your employees drive a vehicle for business reasons, having the right commercial vehicle insurance is important.
This helps protect your business and its assets in the event of a lawsuit for things like negligence, bodily injury, property damage, libel and slander.
Professional liability insurance helps protect you and your company if you’re found negligent in the professional services you provided to a client, even if you didn’t make a mistake.
Most state laws require you to carry this insurance to help compensate employees for expenses associated with work-related injuries or illnesses like medical bills, rehabilitation and lost wages.
Our customers paid an average of $861 annually, or about $72 a month, for business insurance coverage in Wisconsin. For workers’ compensation insurance, customers in Wisconsin paid an average of $1,173 annually, or about $98 a month. 4 Business insurance costs can vary in Milwaukee, WI because each business is unique and has different needs. Insurance companies use numerous different factors to determine costs, including:
The best way to find out what you’ll pay for business insurance in Milwaukee is to get an online quote. You can also use your local insurance agency to get a quote.
While it varies by state, there are two types of Wisconsin business insurance coverages that business owners are required to have:
It is required by state law that employers with at least one part-or full-time employee have workers’ compensation insurance in Wisconsin. Workers’ comp gives your employees benefits to help them recover from a work-related injury or illness. It can also help with medical expenses, rehabilitation and lost wages.
If your Wisconsin business utilizes vehicles in its day-to-day operations, you are required by state law to have commercial auto insurance. This coverage can help protect your business in the event of an accident involving you or your employees while using a covered commercial vehicle.
Remember, requirements for coverage will vary by city, and coverage is not guaranteed by The Hartford.
We know every industry faces unique risks, which is why having business insurance can be very helpful for many types of businesses. Even if a type of insurance isn’t required by your state, it’s still a good idea to get coverage. Some industries we help protect include:
We’re an insurance company backed by more than 200 years of experience. Our specialists have the expertise and knowledge to understand the unique risks that Milwaukee small businesses face. We’ve also been recognized as a World’s Most Ethical Company ® 14 times by Ethisphere.** So, whether you have questions about business insurance or need help with a claim, we’ve got your back.
We make it easy for you to get a quote in Milwaukee, WI. With a few clicks, small businesses can get a free quote in just a few minutes.
Last Updated: November 17, 2023 1 Visit Milwaukee, “Plan a Visit – Food & Drink.” 2 Visit Milwaukee, “Plan a Visit – Things To Do.” 3 Wisconsin Smal Business Development Center4 Premium amounts presented are based on monthly premium paid by The Hartford's Small Business customers between 1/1/22 and 9/14/23 for 12-month policies. Premium is derived from a number of factors specific to your business and may vary.
Additional disclosures below.© 2024 The Hartford
The Hartford shall not be liable for any damages in connection with the use of any information provided on this page. Please consult with your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational in nature.
The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined following a claim investigation.
Certain coverages vary by state and may not be available to all businesses. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc. listed in the Legal Notice.
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