How much does Retail Store insurance cost in Duluth, Minnesota?

The estimated annual cost for a Retail Store in Duluth with one employee is between $836 and $1229. The state base rate is $920.

What insurance is required for a Retail Store in Minnesota?

In Minnesota, businesses are subject to a 6.9% insurance tax. Retail Stores typically need General Liability due to a risk factor of 1.

Adjust based on your team size

Number of Employees1

Just me (1)Team (20)

$836-$1229

Estimated Annual Premium

Monthly Average Breakdown

$82 / mo

Includes General Liability

Retailers mainly need premise liability for customer slip-and-falls and property insurance for inventory.

Risk Factor1x

While Minnesota law may not mandate it for all businesses, Retail Stores often need proof of insurance to bid on local commercial projects in Duluth.

Your premium reflects Minnesota's specific base rate of $920 and a local city multiplier of 1x.