Business Insurance That Covers the Real Risks
No fluff. No check-the-box policies. Just protection tailored to your business.
Speak to the Realities
Whether you manage a retail store, an apartment complex, or a home-based business, you need a policy that does more than check boxes. We specialize in custom-built commercial policies that actually protect your operation — from property damage to liability claims and everything in between.
Business Insurance in Minnesota, Wisconsin & Iowa
Fallon Insurance Agency is licensed to protect businesses across Minnesota, Wisconsin, and Iowa through Farmers Insurance commercial policies. Whether you run a retail store in Milwaukee, a contracting operation in Minneapolis, or an apartment building in Rochester — we build coverage around your specific industry, payroll, and risk profile. Select your state for local business insurance options and a free policy review.
Who We Protect
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Property Owners
Apartment buildings, HOAs, condos, hotels
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Retail Shops & Offices
Client-facing locations, small offices, franchises
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Contractors & Service Businesses
From electricians to landscapers and beyond
Coverage Types
- General Liability
- Equipment & Inland Marine
- Commercial Property
- Workers’ Compensation
- Business Auto
Business Insurance — Frequently Asked Questions
Common questions from Minnesota and Wisconsin business owners about commercial coverage requirements, costs, and what a Farmers Insurance business policy actually protects.
How much does business insurance cost in Minnesota or Wisconsin?
Business insurance costs vary significantly by industry, business size, and revenue. A typical small business in Minnesota or Wisconsin can expect to pay $500–$2,500 per year for general liability alone. A full commercial package including general liability, commercial property, and workers comp typically runs $2,000–$8,000 per year for a small to mid-size operation.
Contractors, property owners, and businesses with employees or physical locations will pay more than home-based or service-only businesses. The best way to get an accurate number is a free business insurance review — we assess your actual risk profile before quoting.
What does general liability business insurance cover?
General liability (GL) insurance protects your business from claims of bodily injury, property damage, and personal injury caused by your business operations. If a customer slips and falls at your location, a contractor damages a client's property, or your business is sued for advertising injury — GL covers legal defense costs and settlements.
Most commercial leases in Minnesota and Wisconsin require at least $1,000,000 in general liability coverage. Without it, a single lawsuit can exceed the value of your entire business. Fallon Insurance reviews your specific operations to ensure your GL limits are high enough to actually protect you.
Is workers' compensation insurance required in Minnesota and Wisconsin?
Yes — workers' compensation is required by law in both Minnesota and Wisconsin for any business with one or more employees. It covers medical expenses and lost wages for employees who are injured on the job, and protects your business from employee injury lawsuits.
Operating without workers comp in MN or WI exposes your business to significant fines and personal liability for employee injuries. Sole proprietors without employees are generally exempt, but should confirm their status with a licensed agent. Fallon Insurance handles workers comp filings for businesses of all sizes across both states.
What is equipment and inland marine insurance for businesses?
Equipment and inland marine insurance covers tools, equipment, and property that moves between locations — such as contractor tools in a work truck, equipment at job sites, or portable electronics used off-premises. Standard commercial property insurance only covers items at your fixed business address.
This coverage is critical for Minnesota and Wisconsin contractors, landscapers, electricians, plumbers, and any business whose equipment regularly leaves the office or shop. A single theft of tools from a job site can cost $10,000–$50,000 without this coverage in place.
Do I need business insurance if I'm a sole proprietor or freelancer?
Yes — as a sole proprietor, your personal assets are directly at risk if your business is sued. Unlike an LLC or corporation, there is no legal separation between your business and personal finances. A single liability claim without coverage can lead to garnished wages, frozen bank accounts, or loss of personal property.
Even home-based freelancers and independent contractors in Minnesota and Wisconsin benefit from a basic general liability policy. Policies start at under $500 per year for low-risk service businesses. Book a free business insurance review.