How much does Retail Store insurance cost in Fargo, North Dakota?

The estimated annual cost for a Retail Store in Fargo with one employee is between $723 and $1064. The state base rate is $810.

What insurance is required for a Retail Store in North Dakota?

In North Dakota, businesses are subject to a 5.0% insurance tax. Retail Stores typically need General Liability due to a risk factor of 1.

Retail Store Insurance Cost in Fargo, North Dakota (2026 Guide)

Estimated Cost (2026)

Adjust based on your team size

Number of Employees1

Just me (1)Team (20)

$723-$1064

Estimated Annual Premium

Monthly Average Breakdown

$71 / mo

Includes General Liability

Industry Risk Profile

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

Risk Factor1x

Location Factors

State Base Rate$810
Fargo Multiplier1x
State Tax Rate5.0%

Local Compliance FAQ

Is General Liability required in Fargo?

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

Why is the rate different here?

Your premium reflects North Dakota's specific base rate of $810 and a local city multiplier of 1x.

How much does Retail Store Insurance cost in Fargo?