Protecting Small Business Owners in the Constitution State
Nearly half of all workers in Connecticut's private sector are employed by small businesses, which make up 99.4% of all businesses in the Constitution state. These more than 342,000 small businesses employ more than 735,000 people, and that number is growing steadily every year. In 2015, small businesses created 7,344 net jobs.
Small businesses are especially lucrative in Connecticut. The median income of a self-employed individual in an incorporated business in Connecticut is $61,776—the second-highest in the nation, behind only the District of Columbia—and the median income of a self-employed individual in an unincorporated business is $30,812, the fifth-highest in the nation. With this kind of income on the line, it’s particularly important for small business owners to protect themselves with a comprehensive small business insurance policy.
Top industries Hiscox covers in Connecticut
Thanks to an in-depth knowledge of many different industries, Hiscox is able to provide custom-tailored insurance policies to small businesses in a wide range of fields in Connecticut. Some of the most common small businesses owners in Connecticut who are insured through Hiscox include lawn care providers, carpenters, barbers and hair stylists, photographers and handypersons.
More professions we insure in Connecticut
Connecticut Small Business Insurance
Hiscox can help you if you have a small business in Connecticut. Our Connecticut business insurance coverage includes professional liability insurance, general liability insurance, and business owner insurance. Hiscox small business insurance products include:
Key Connecticut laws and conditions driving increased business liability rates
Nationwide, employers with at least 15 employees must guarantee freedom from discrimination based on race, color, national origin, sex, religion and disability; employers with at least 20 employees must guarantee freedom from age discrimination; and employers with at least four employees must guarantee freedom from discrimination based on citizenship status.
Connecticut's labor laws go even farther to protect employees from discrimination. Employers with three or more employees are required to guarantee freedom from discrimination based on race, color, ancestry, national origin, religion, pregnancy (including breastfeeding and related medical conditions), disability (including physical, mental, intellectual, and learning), genetic information, age, gender (including transgender status and gender identity and expression), sexual orientation, and marital or civil union status.
Like most states, Connecticut is an "at-will" employment state—meaning that employment can be terminated at any time for any reason—but fired employees can still sue for breach of contract if their employment contract promises job security. In Connecticut, an employment contract may be written, oral or even implied—the idea that an employer has acted in a way that created an impression of job security.
And employment laws in Connecticut are continually evolving. In 2019, the state began considering laws that would raise the minimum wage, limit non-compete agreements, restrict employers from being able to speak on certain political or religious matters, require time off on election days, require sexual harassment training, and more. While these regulations are in place to protect Connecticut's workers, they also open the door for potential lawsuits, so it's essential for small businesses in Connecticut to safeguard against potential litigation risks through small business insurance coverage.
Connecticut workers compensation laws
Connecticut's workers compensation requirements also go above and beyond those in other states. While many states only require employers with a certain number of employees or with a certain baseline payroll to carry workers compensation insurance, the National Federation of Independent Businesses reports that all Connecticut businesses with one or more employees—including full-time, part-time and contract employees—must carry workers compensation insurance.
There are a few exceptions: Corporate officers and members of LLCs are automatically included in workers compensation insurance but may choose to opt out; sole proprietors and single-member LLCs may purchase workers compensation insurance but are not required to; and partnerships do not have to cover themselves but must provide coverage for employees. In addition, employers or workers who work in or around a private home for 26 hours or less per week are also exempt.
Businesses may purchase workers compensation insurance from a commercial provider like Hiscox, or approved businesses may self-insure. Businesses that are found to have failed to obtain workers compensation insurance coverage will be issued a stop work order, which prevents a business from operating until it provides proof that it has corrected the issue. In addition, the state Workers Compensation Commission issues a fine of $300 per fine, per worker, per day that a business is found to be in violation—an amount that can quickly add up.
How can Hiscox help your Connecticut business?
At Hiscox, you'll never be stuck with a generic insurance policy. Instead, we ensure that each client's coverage—whether it's liability insurance, a business owner's policy, workers compensation, or beyond—meets the specific needs of each individual business. We also offer a range of benefits:
- Flexible payment options: Our no-fee monthly payment schedule can help manage a small business's cash flow.
- Tailored insurance: With Hiscox, you'll never be stuck with a one-size-fits-all insurance policy.
- Claims responsiveness: When a covered claim is reported, Hiscox will immediately assign a dedicated claim specialist to assist you.
- Worldwide coverage: A Connecticut business insured through Hiscox is covered for work done anywhere in the world, as long as the claim is filed in the U.S., a U.S. Territory, and Canada.
Get a fast, free quote now, and get the coverage you need to protect your business. If you have questions, you can call us an 1-866-283-7545 and speak with a Hiscox licensed agent, Monday – Friday, 7am – 10pm ET.
Hiscox Customer Reviews
Sherri, East Hartford, Connecticut
“Hiscox is the way to go!”
No matter which team members I speak with, I always receive the same quality services. Although, the last team member, Greg, went above and beyond my expectations. I refer Hiscox to every small and large business owners I know
Dave, Middleboro, MA
“Easy, quick and cheap! It was very easy and quick to obtain the professional insurance I needed.
The website was straight forward and the reps I spoke to on the telephone were very nice and informative. PLUS it was much cheaper than what my local agent would offer.”
Andrew Thomas Clifton, Chicago, Illinois
"My service feedback with Hiscox"
Simple. Some of the site was a bit overpacked and it slightly overwhelmed me at times but everything else was great
Janice, San Antonio Texas
"He didn't give me the hurry up attitude and he was really nice."
He was friendly and patient with me
"My service feedback with Hiscox. Fast, easy to understand and affordable.”
All of our insurance products have been fully approved by the Connecticut Insurance Department and are underwritten by Hiscox Insurance Company Inc., a Chicago, Illinois, insurance company.
This information is provided to assist you in understanding the coverage we offer and does not modify the terms and conditions of any insurance policy, nor does it imply that any claim is covered. Coverage is subject to underwriting and may not be available in all states.
Administered by Hiscox Inc., a Delaware corporation that is a licensed insurance producer in all states and Washington, D.C. 5 Concourse Parkway, 21st Floor, Atlanta, GA 30328.