Wyoming Business Insurance
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We Know How to Help Protect Wyoming Businesses
With no state income tax, low operating costs, and strong legal protections for business owners, Wyoming offers many advantages to new entrepreneurs. From business license requirements to workers’ compensation regulations, we can help offer local and statewide expertise and guidance to help you insure your business and continue protecting it as it grows.
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Policies for businesses in Wyoming
Types of businesses we protect in Wyoming
Simply Business is a proud supporter of businesses in Wyoming
Recommended Policies for Wyoming Small Businesses
Wyoming business owners often consider these types of coverage.
General Liability Insurance in Wyoming
A foundational coverage to help cover risks that most Wyoming businesses may face. It also may be required for many leases.
Median cost in Wyoming:
$29
.00#
/ month*
Helps Cover
Third-party bodily injury
Third-party property damage
Personal and advertising injury
Workers’ Compensation Insurance in Wyoming
Coverage to help take care of employees who get sick or injured on the job. Many Wyoming businesses with employees are required to have coverage. It also can benefit business owners without employees.
Helps Cover
Medical payments
Lost wages
Rehabilitation expenses
Professional Liability Insurance in Wyoming
Also known as Errors and Omission insurance, this policy is often recommended for businesses that provide advice and guidance to their clients. It also can cover errors that result in unsatisfactory finished work.
Median cost in Wyoming:
$42
.00#
/ month*
Helps Cover
Negligence or alleged negligence
Legal defense costs
Claims involving libel and/or slander
Inland Marine Insurance
Also known as “tools and equipment coverage,” since it can help cover costs if your business property or equipment is damaged or stolen. That means you might not have to pay out-of-pocket to repair or replace your property and you can get back to work quickly.
Median cost in Wyoming:
$33
.00#
/ month*
Helps Cover
Tools and equipment
Laptops and electronics
Party and special event equipment
Cyber Insurance
Cyber insurance — also known as cyber liability insurance — helps cover the costs of claims associated with stolen customer data, cyberattacks, breaches, and fraud.
Median cost in Wyoming:
$21
.00#
/ month*
Helps Cover
Crisis management
Forensic and legal fees
Fraud response
Extortion loss
Public relations costs
Business Owner’s Policy (BOP) Insurance
General liability, property insurance, and more, depending on your policy, all in one package. It can be a convenient, flexible, and more affordable solution for small business owners who don’t have a lot of time to search for different coverages, prices, and providers.
Median cost in Wyoming:
$49
.00#
/ month*
Helps Cover
Third-party injuries and property damage
Business property damage
The Small Businesses We Help Protect in Wyoming
Top Small Businesses in Wyoming
E-Commerce & Online Retail
Handyman
Software Developer
We insure 400+ types of business.
Helpful Insights from Our Wyoming Research Team
What types of business insurance are required in Wyoming?
At the state level, workers’ compensation is typically required for any business classified as hazardous, and must be purchased through the monopolistic state system. Commercial auto insurance is also required for any business-owned vehicles. Additional requirements may apply, depending on your industry, location, or contracts. It’s best to confirm what the requirements are with your specific location.
What’s required vs. what makes sense
In Wyoming, businesses that employ workers who use potentially hazardous equipment — such as contractors, handymen, lawn care, restaurants, and janitorial services — are typically required to carry workers’ compensation insurance. If your business isn’t considered hazardous, coverage may be optional, but that doesn’t mean you’re risk-free.
A small e-commerce business in Laramie might not be required to carry workers’ comp, but if an employee gets hurt lifting inventory, the business owner could be responsible for medical bills and lost wages. Electing workers’ comp coverage through the state — and having policies like general liability or cyber — can help protect your business from risks the law doesn’t always require.
Not your fault? You still may have to pay.
Even if you win a lawsuit, defending yourself can be costly. A software developer in Cheyenne might be accused of delivering a project late, causing a client to lose business. Or an online retailer in Jackson could face claims that a missed shipment led to a canceled event. Legal fees and time away from work can quickly add up — sometimes costing thousands — even when the claim doesn’t hold up in court.
Looking to save? Shop around without running around.
Comparing quotes and coverages can save you money, but it typically can cost you time. We’ve designed a fast and easy online compare-and-save tool for business owners. No multiple forms to complete. No high-pressure sales calls. See recommendations in minutes and get covered for most policies the same day.
Looking to save more? Here are some tips.
Two ways to lower your premium are opting for lower coverage limits or higher deductibles. Policies that bundle coverages, such as a business owner’s policy, can also save you money over buying separate policies.
We have more ways to help save on your Wyoming business insurance in this helpful guide.
Would you like to talk with a Wyoming insurance expert?
Our team of licensed agents can answer Wyoming insurance questions, explain coverages, and help you choose what you need. They’re available Monday-Friday, 8 a.m.-8 p.m., ET.
Starting a business in Wyoming? These resources could help.
Wyoming Secretary of State – Business Division
Start here to register your business, file annual reports, and access key forms and resources for staying in good standing with the state.
Wyoming Business Council
The state’s economic development agency offers funding programs, community support, and tools to help businesses grow and thrive across Wyoming.
Wyoming Small Business Development Center (SBDC)
Get free, confidential business advising, training, and resources to help you start, manage, and grow your small business anywhere in Wyoming.
IMPACT 307
A statewide network of innovation-driven business incubators that support startups and entrepreneurs with mentoring, resources, and funding connections.
Wyoming Women’s Business Center
Empowering women entrepreneurs with training, microloans, and business counseling to launch and grow successful ventures across the state.
How Much Does Wyoming Small Business Insurance Cost?
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Business Insurance
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Our +1 million customers are big fans. And you will be too.
I went online, looked around, and found Simply Business. The process was so seamless. I got my certificate within minutes. It was just phenomenal.
Karen
Owner of Tangaza Bath & Body Studio LLC
With Simply Business I know I can look at different carriers, but also see all my stuff in the same place… a lot of [insurance] providers don’t offer a variety of coverage, all in one place.
Jef
Owner of Bunker83 LLC
It wasn’t overwhelming to figure out what was covered and what wasn’t covered. And the cost was competitive.
Kim
Owner of Room to Breathe Professional Organizing
Feel confident in your choice.
We partner with a range of top-rated carriers and use smart technology to match you with policies that fit your specific business, your risks, and budget.
400+
business types covered
1M+
customers worldwide
18
top-rated carriers
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*Data from Simply Business customers in Wyoming who purchased the identified type of policy from July 1, 2024 through December 31, 2024. Actual prices, costs, premiums, and savings, and the availability of coverage may vary by state, insurance provider, and the nature of your business.