North Carolina Business Insurance

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Protecting small businesses in the Tar Heel State

Small businesses are doing big business in North Carolina, which boasts more than 994,000 small businesses—the ninth-highest number of small businesses in the nation. These small businesses make up 99.6% of all North Carolina businesses, and they employ 1.7 million people, or 44.4% of the private workforce in NC.

All this growth comes courtesy, in part, of North Carolina's robust business incentive programs, which offer growth and assistance to small businesses based on their industries, locations and more. But with today’s litigious business climate, it's wise for small business owners in North Carolina to take steps to protect their investments.

Top industries covered in North Carolina

North Carolina boasts a diverse array of small businesses, and entrepreneurs in a variety of industries can find coverage with Hiscox, which tailors each insurance plan to each small business's specific risks and needs. Small business owners who most frequently insure with Hiscox include those who work in the real estate, janitorial and cleaning, landscaping, photography, and IT industries.

More professions we insure in North Carolina

North Carolina Small Business Insurance

Is your business in need of North Carolina small business insurance? Hiscox can help; we offer customized insurance solutions to professional services businesses. Our products include professional liability insurance, general liability insurance and workers’ compensation insurance.

North Carolina workers compensation laws

According to the National Federation of Independent Businesses, any North Carolina business with three or more employees—including full- and part-time workers, seasonal employees, undocumented workers and both adults and minors—is required to carry workers compensation insurance.

However, there are exceptions. Certain railroad employees, domestic servants directly employed by a household and certain agricultural employers are exempt from workers compensation requirements. Corporate officers may choose to be excluded from insurance coverage, but they are still counted as an employee for the "three or more employees" rule. But business owners such as sole proprietors, LLC members and partners are not automatically counted as employees, and they may choose whether or not to be included in workers compensation coverage.

Businesses can obtain workers compensation insurance from a commercial provider, such as Hiscox, or they can apply to self-insure with the North Carolina Department of Insurance. Only businesses with fixed assets of at least $500,000 may apply to self-insure, and self-insuring businesses must deposit an annual assessment based on their credit rating and claims liability. Businesses that fail to obtain workers compensation insurance can face stiff financial penalties of $50 to $100 per day, depending upon the number of employees, and may face misdemeanor or felony charges punishable by prison time.

How can Hiscox help your North Carolina small business?

At Hiscox, there's no such thing as a one-size-fits-all insurance policy. Our expertise across a variety of industries helps ensure that each client's coverage—from liability insurance to a business owner's policy to workers compensation and beyond—meets their particular needs. We offer a range of benefits:

  • Flexible payment options: Our monthly, quarterly, semi-annual or annual payment schedules, which come with no added fees, can help you manage your cash flow.
  • Customized insurance: With Hiscox, you'll only pay for the coverage you need.
  • Claims responsiveness: When a covered claim is reported, Hiscox will immediately assign a dedicated claim specialist to assist you.
  • Worldwide coverage: A North Carolina business is covered for work done anywhere in the world, as long as the claim is filed in the U.S., a U.S. Territory, or Canada.

Get a fast, free quote now, and get the protection you need for your North Carolina business. If you have questions, you can call us at 1-866-283-7545 and speak with a Hiscox licensed agent, Monday – Friday, 7am – 10pm ET.

Hiscox Customer Reviews

Hiscox rated 4.7/5
Rated 4.7/5

5 Stars

Veronica, Gibsonville, North Carolina

"Very easy and useful."

It was very quick and very easy to take care of.


5 Stars

Teresa, Colfax, NC

"Very good knowledgeable staff. Customer service seemed very knowledgeable about what insurance our company was best suited for. Very nice, polite conversations. Liked the idea of being able to receive policies electronically."


4 Stars

Jack, North Carolina

"Great Pricing, Great Service, I purchased" Liked the online pricing.  The representative was very helpful and professional when I called and this helped me make my decision to purchase."


5 Stars

Keith, North Carolina

"Great to work with"

Very fast and efficient


5 Stars

Remi, North Carolina


It is a very pleasing experience to have an agent like Mr. Dyshawn who professional explain the policy in details before buying."


5 Stars

Rhonda, North Carolina


My experience was fast, courteous, and straight to the point. No surprises. I appreciate that most of all

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Our products have been approved by the North Carolina Department of Insurance and are underwritten by Hiscox Insurance Company Inc., a Chicago, Illinois, insurance company whose license number is 2815.

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.