Business Insurance in Arkansas

Families trust G&G because we are the only full-service agency that saves you time and money, offers comprehensive coverage made easy, and proven, best-in-class service.

Affordable Business Insurance in Arkansas!

Don’t get stuck with unnecessary extras. G&G works with you to build a custom insurance policy that fits your business needs.  

Owning a business means making dozens of decisions every day. Some are more crucial than others. One of the most important decisions you’ll ever make is what business insurance you decide to purchase. But purchasing business insurance can be a complicated and confusing task. You don’t want to spend more than you have to, but you also don’t want to be caught in a tough situation and not have proper coverage. 

Don’t fear losing the dream business you’ve worked so hard to build because you didn’t have financial protection. G&G Independent Insurance works with you to design affordable insurance packages that are customized to your business needs.

Fast Facts About Small Businesses in Arkansas

How much do you know about small businesses in Arkansas? Were you aware that small businesses make up almost half the businesses in Arkansas? Here are some quick facts that might surprise you! 

According to the 2019 Small Business Profile from the US Small Business Administration Office of Advocacy:

  • Small businesses are defined as having 500 or fewer employees. 
  • There are 249,907 Small Businesses in Arkansas. (That’s 99.3% of ALL Businesses in Arkansas!)
  • 47.9% of all people employed in Arkansas work for small businesses. (490,497 employees!)
  • Businesses employing 100 or fewer people are the largest number of small business employers. 
  • 31, 054 small businesses in Arkansas are minority-owned.
  • Do I Even Need Business Insurance in Arkansas?

    Different states have different insurance requirements for businesses. So, you might be wondering what insurance you’re required to purchase as a small business owner in Arkansas. 

    Most small businesses in Arkansas with three or more employees (including the owner) are required to hold worker’s compensation insurance. Some exceptions require worker’s compensation insurance for less than three employees, however, so it’s important to check your particular industry’s requirements. Worker’s compensation must be paid by the employer, and no part is allowed to be covered by employees. Without worker’s compensation, your business may face state penalties and lose protections. 

    Any company-owned vehicles are required to have commercial auto insurance. The minimums are $25,000 for property damage liability per accident, $25, 000 bodily injury liability per person, and $50,000 bodily injury liability per accident. It’s also recommended that you purchase commercial auto insurance if employees are driving personal vehicles for business use, as personal auto insurance often does not cover business use of a personal vehicle. 

    How Much Will Small Business Insurance Cost Me in Arkansas?

    Asking how much small business insurance costs in Arkansas is like asking what size shoes women wear. The answer is going to vary because every business is different. From services or products offered, to daily work hours, to the number of employees. Various factors go into the price of business insurance. A boutique with five employees that opens from 8 am to 8 pm is going to need different insurance than a hotel that employs 60 people, has an attached bar and restaurant, and is open 24/7. 

    But the good news is that business insurance doesn’t have to break the bank. There are many affordable options and G&G Independent Insurance is here to help you design a small business insurance plan that fits your company like a glove. Get the coverage you need to protect your business without getting stuck with unnecessary extras.

    Customer Reviews in Arkansas 

    Mica Schuler
    2 months ago
    I recently purchased a new home and needed to secure a home insurance policy. I reached out to G&G and was thoroughly impressed with the...
    Jody Haley
    4 months ago
    Diego at G&G was the best! This was my first time shopping for homeowners insurance and he took the time to explain everything to me....
    Macie Hendrix
    2 months ago
    My experience at G&G Insurance was amazing — all thanks to Phillip!!!! It was my first time buying renters insurance, and it was so easy!...

    What Kind of Business Insurance Is Available in Arkansas?

    Deciding on what insurance you need for your small business and figuring out what to purchase can be an intimidating process. There are so many options! But our trained professionals are ready to help you out and walk you through the process of finding the right insurance for your situation. 

    Some types of business insurance coverages available in Arkansas are:

    Commercial Property Insurance

    Commercial property insurance in Arkansas covers not only your company building but any of the ‘property’ owned as well. This can include physical items such as valuable documents, computers, and equipment, but also more abstract assets, such as lost income due to damage or interruptions. Commercial property insurance is the first line of protection against losses due to fires, vandalism, theft, and more. Learn more about obtaining commercial property insurance here!

    Commercial Auto Insurance

    As mentioned above, it is required in Arkansas to have commercial auto insurance coverage for any vehicles owned by your company. Most commercial auto insurance coverage is similar to personal auto insurance, but because of the difference in use compared to a personal vehicle, it’s assessed differently. It’s important to be aware that if you use your personal vehicle for business purposes, you may not be covered under your personal auto insurance for any accidents that occur while driving for your business. Commercial auto insurance often includes the option for you to add protection for employees driving personal vehicles for business use. For a more comprehensive look at commercial auto insurance, visit our Commercial Auto Insurance page.

    Commercial Umbrella Insurance

    It’s tempting to think that once you’re insured, you’re in the clear. But sometimes your losses are greater than the coverage of your commercial insurance plan. This can result in devastating consequences for a business, especially small businesses that can’t afford to fight large lawsuits or cover other unexpected expenses. Commercial umbrella insurance is a catch-all to protect you where your regular coverage might meet its limit. Contact G&G Insurance today to find out if your small business could benefit from commercial umbrella insurance in Arkansas

    For more on the types of business insurance services offered in Arkansas by G&G Insurance, visit our Commercial Insurance page.

    Prefer to Speak to a Service Agent?

    We’re more than happy to talk to you one-on-one concerning all your questions about finding insurance services in Arkansas.

    Just Starting Your Business?

    Arkansas requires most small businesses to hold a business license. Find out if you need a business license and how to obtain one by visiting the Nolo legal encyclopedia for your free guide! For more information on starting a business and business resources, check out and Small Business Advice.