Tips for Finding the Right Insurance for Your Small Business

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Write an outline for an article about tips for finding the right insurance for your small business

  1. Does your industry have unique needs and risks?
  2. Decide what type of coverage you need.
  3. Look for companies that provide specialized services for your industry.
  4. Check customer reviews. What do others say about the quality of service? How difficult is it to file a claim?
  5. Is the company easy to access? Do they offer online services or a mobile app?
  6. Review your budget.
  7. Research your options and get multiple quotes from different providers.

Our Top Picks for Small Business Insurance Providers

Easy to use: Simply Business

Best features: CoverWallet

Most affordable: Simply Business

Small Business Insurance Provider

  • The Hartford Insurance: The Hartford Insurance offers general liability, business property, and business income insurance with their Business Owner’s Policy. You can also get worker’s compensation, commercial auto, professional liability, and data breach insurance.
  • Hiscox: Hiscox offers everything from general liability, professional liability, property, cyber security, short-term liability, medical malpractice, workers comp, and more.
  • Allianz:  Allianz offers a variety of business insurance policies, including public and products liability, professional indemnity, key person cover, property damage cover and more.
  • Nationwide: As one of the leading small business insurance providers in the U.S., Nationwide offers commercial auto insurance, general liability insurance, workers’ compensation coverage, commercial umbrella policies,
  • Allstate:  Allstate provides a variety of business insurance policies including general liability, property, and auto coverage. They also offer specialized coverage like product liability and professional liability.
  • Clear Blue Insurance: Clear Blue Insurance offers a wide range of business insurance products, including property damage coverage, workers’ compensation coverage, liability protection and more.
  • Farmers Insurance: Farmers Insurance provides business owners with a variety of coverage options, from general liability and workers’ compensation to property damage and more.
  • Acuity: Acuity provides property, casualty and umbrella insurance for small business owners. They also offer specialized coverage like cyber liability, employment practices liability and more.
  • CNA: CNA offers a wide range of business insurance products, from general liability to property damage, product liability and more. They also specialize in data breach coverage.
  • Hanover: Hanover provides small businesses with customizable policies for their specific needs, including property insurance, commercial auto insurance and more.
  • Frankenmuth Insurance:  Frankenmuth Insurance offers small business owners access to general liability, workers’ compensation, commercial auto and property insurance. They also have specialty coverages for businesses in specific industries.
  • Travelers:  Travelers provides tailored business insurance solutions, including property and casualty insurance as well as specialized coverage like cyber liability, commercial umbrella and more.
  • State Farm: State Farm offers general liability, workers’ compensation and more for small businesses. They also offer specialty coverages such as business income protection and equipment breakdown coverage.
  • Chubb: Chubb provides small business insurance solutions tailored to their needs, including general liability, property damage coverage and more. They also provide specialized coverages like environmental impairment liability and cyber security.
  • Cincinnati Insurance:  Cincinnati Insurance offers general liability, property insurance and more to small business owners. They also offer specialized coverages such as product recall expense coverage and business interruption insurance. Work with your agent to choose specialty programs that cover risks common in your industry.
  • Westfield Insurance:  Westfield Insurance offers small business owners with a wide range of coverage options, including property and casualty insurance, workers’ compensation coverage and more. They also have specialized coverages such as product liability and employment practices liability.
  • Superscript:  Superscript provides small businesses with tailored coverage solutions, including general liability insurance and property damage coverage. They also offer specialty coverages like cybercrime protection, product recall expense coverage and more. (Located in the United Kingdom)
  • Next Insurance: Next Insurance provides small business owners with tailored coverage, including liability protection and property damage coverage. They also offer specialized policies like cyber liability, professional indemnity and more. 
  • PolicyBee: Hassle-free protection for freelancers, sole traders and limited companies.  Choose from a range of business insurance including public liability, employers’ liability and office contents. (Located in the United Kingdom)
  • Tapoly: Insurance provider for small businesses, sole traders, freelancers, and the self-employed.  They offer a wide range of coverage options, including general liability and property damage coverage. (Located in the United Kingdom)

Small Business Insurance Broker

  • Insureon: Insureon works with leading insurance carriers, giving you access to the best policies from each. They can also help you find the right coverage for your industry and provide support when filing a claim.
  • CoverWallet: CoverWallet offers small business owners complete protection from any incident or event that could pose financial harm. Their platform makes it easy to compare quotes, purchase coverage, and manage policies.
  • Simply Business: Compare quotes from top insurers and buy instantly.  They also provide a suite of services, such as risk assessments and business advice.
 
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