Yes, once you have five or more employees. Construction businesses must carry it with just one employee. Part-time workers, family members, LLC members, and corporate officers all count toward the threshold. Going without required coverage is a criminal offense with penalties up to $50,000 or three times your premium.
FAQ_category: (HIDDEN) Industry FAQs
Some coverage is required. Workers’ compensation is mandatory at five or more employees, or one employee in construction. Business-owned vehicles must carry liability and uninsured motorist coverage. General liability is not required by statute but is routinely required by contracts, landlords, and licensing.
Business insurance Missouri for an LLC varies, but many small businesses pay between $68 and $141 per month for basic coverage. Remember that LLC members count toward Missouri’s five-employee workers’ compensation threshold, so your entity type does not exempt you from that requirement.
Business liability insurance Missouri often starts around $20 per month for general liability, depending on risk. Your industry, revenue, claims history, and coverage limits all move the price. Higher-risk trades like construction pay more than office-based businesses for the same limits.
The best small business insurance Missouri offers usually starts with general liability and a business owner’s policy, which bundles liability, property, and business income coverage. From there, add workers’ compensation, commercial auto, professional liability, or cyber based on your industry, employees, and contracts.