The Department of Labor and Industry can order an uninsured employer to obtain coverage and stop employing workers until it does. Penalties can reach $1,000 per employee for each week without coverage. If an uninsured worker is injured, the employer repays the state fund plus a 65 percent penalty.
FAQ_category: (HIDDEN) Industry FAQs
Yes. Minnesota’s no-fault law requires personal injury protection on owned vehicles, with minimum coverage of $40,000 per person. Liability minimums are $30,000 per person, $60,000 per accident, and $10,000 for property damage. Contracts often require higher limits than the law do.
General liability insurance in Minnesota typically runs $20 to $100 per month, and workers’ compensation typically runs $45 to $75 per month. Your industry, payroll, revenue, property, vehicles, limits, deductibles, and claims history determine where your premium lands within those ranges.
Forming an LLC does not automatically create a universal general liability requirement. An LLC may still need workers’ compensation, auto, property, professional liability, or other coverage based on its employees and operations. The LLC structure and an insurance policy protect against different risks.
Minnesota does not require one insurance policy for every business. Employers generally must carry workers’ compensation insurance or qualify to self-insure. Motorized vehicles must be insured, and licensing rules, leases, lenders, or customer contracts may require additional coverage.