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Arkansas (AR) Business Insurance

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Arkansas (AR) Business Insurance Requirements

Required Business Insurance Coverage in Arkansas

Arkansas requires the following insurance coverage for small businesses:

  1. Commercial Auto Insurance.

    Small business owners whose Arkansas businesses own vehicles are required to purchase commercial auto insurance. The state requirement includes minimum coverage requirements for business-owned vehicles of $25,000 in bodily injury per person, $50,000 in bodily injury per accident, and $25,000 in property damage liability.

  2. Workers’ Compensation Insurance.

    Arkansas small businesses with three or more employees are required to carry workers’ compensation coverage. Construction businesses with any employees must also carry workers’ comp. A
    workers’ compensation
    policy covers medical bills for work-related injuries and illnesses and provides partial lost wages. In exchange, employers cannot be sued for medical costs.

What other types of business insurance are recommended for Arkansas?

Arkansas general liability insurance

General liability insurance
(also known as CGL—for commercial general liability) is one of the most essential and effective ways to safeguard your business. It protects your business from the financial consequences resulting from liability related to third-party non-employee bodily injury or third party property damage that arises from your business operations. It also provides coverage for personal and advertising injury. Without general liability insurance coverage, you could be in financial trouble in the event of an unfortunate accident involving a customer or other third party.

Arkansas professional liability insurance

If you provide professional services and your advice is alleged to have led to one of your clients suffering a financial loss,
professional liability insurance
can help. When a former customer or client claims—rightly or wrongly—that a mistake in your work led them to suffer a financial loss, professional liability insurance provides you with investigation and defense of the claim as well as making payments of any settlements or judgments.

Inland marine insurance

Inland marine insurance
is designed to protect that vital equipment you use to make your business run smoothly. It protects your business by covering costs associated with accidentally damaged, lost or stolen equipment that is on the go with you. Whether you have an expensive tool collection, pricey construction materials, or other equipment you transport to a job site, having inland marine insurance is a no-brainer. At Thimble, we offer inland marine insurance, or
Business Equipment Protection
as we call it, with coverage for up to $5,000 worth of business property and equipment.

Commercial property insurance

Commercial property insurance
protects your company’s building and the contents inside it from all kinds of risks of physical loss or damage, including theft, vandalism, fires and natural disasters such as floods, storms or earthquakes. Commercial property insurance is often included as part of a Business Owners’ Insurance Policy, or BOP.


  1. SBA. Arkansas Small Business Economic Profile.

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