Earlier insurance policies were viewed as an instrument to save tax or an alternative investment approach. However, today the businessman’s mindset has changed, and now they are realizing the importance of protecting what insurance policies offer. Apart from protection, it also helps you deal with an unfortunate events. The article lists the best small business insurance companies that provide comprehensive coverage for your business.
6 Best Small Business Insurance Companies
1. The Hartford
Hartford is a cherry-picked insurance company because it offers small business insurance policies and add-ons more than its competitors.
The company offers you several insurance policies like business owner policy, business property, general liability, business income, data breach, and commercial auto insurance policies.
The team earns a high rating from the customers due to its never-ending support. Here are some pros and cons of investing with them.
Pros
- The company offers a comprehensive insurance policy keeping in mind industry-specific needs.
- It offers a worker compensation policy.
- You can get an instant quote from them
- Online claim reporting is available
- The company has received an A+ rating from AM best.
- It is known as the world’s most ethical company.
Cons
- There is no online chat application.
- The insurance policy is not available in Alaska and Hawaii.
2. Progressive
It is a popular small business insurance company that progressively sells business insurance.
The company offers several insurance policies like a tow truck, truck, dump truck, food truck, van, etc.
They also offer standard business insurance policies like general and professional liability insurance, worker compensation, contractors, business owner insurance, and much more.
You can easily get a quote by filling out their application form, or you can contact their local agent or call at toll-free no.
Pros
- The company multiple discounts on the commercial vehicles insurance policy
- You can apply through the online method
- The insurance company has received an A+ rating from AM best.
Cons
- The company offer insurance policies through partnership.
- No online chat facility is available.
3. Cover Wallet
If you wish to buy the best small business insurance policy, Cover Wallet takes the trophy.
The company offers several kinds of insurance policies like worker’s compensation, professional liability, business owner insurance, umbrella insurance, professional liability insurance cover, etc.
The insurance policies offered are suited for different businesses without the hassle of applying to several companies.
They have a network of insurers and connect you with multiple insurance companies. Their policies are appropriate to business needs, and they offer great rates.
Pros of investing with them
- It offers an easy platform for applying.
- You can expect good customer service.
- You can research different providers and settle for the best one.
- They offer various under one umbrella.
Cons
- You can’t expect instant quotes from them.
4. Chubb
It is one of the best small business insurance companies that can help you meet your insurance needs.
The company have operations in 54 countries and union territories. It has 44 branches in the United States.
They offer policies to the businessman in two ways. First, they list industries to which they offer support and policies.
Second, they provide types of policies like accident and health, general liability, cyber, environment, medical liability, product recall, and professional liability.
You can shop by category as they offer you plenty of options to select from.
Pros
- They offer comprehensive insurance policies to select from.
- The rates are cheap
Cons
Getting a quote from this service provider is challenging. The website navigates you to the independent agent, and there is no option to get quotes over a call.
For this reason, first, you must check their website for the type of insurance policy that they offer and then contact the agent to understand specific conditions and coverage that it includes.
5. Hiscox
Another small business company will help protect your business from sudden mishaps.
The company offers a plethora of insurance policies like general liability, professional liability, business owner insurance, cyber security, worker compensation policies, etc.
The company has a dedicated team of professionals who help you get the right insurance coverage at competitive rates.
Pros of Getting the Policy from this Insurance Service Provider
- It insures small businesses in a user-friendly way.
- It serves different sizes of businesses.
- The company is rated high by the rating professionals
- It has garnered positive customer views.
6. CNA
The company offers the best insurance policies for online businesses and protects against cyber risk. It caters to a variety of businesses.
The policies offered are CNA cyber risk, commercial auto, general liability, equipment, inland marine, international, ocean, property, professional liability, surety, ocean marine, worker compensation, etc.
Pros of Investing
- It specializes in offering insurance policies for different businesses.
- It covers various businesses.
- Eighth largest business insurance service provider in the USA.
- The company has received high ratings from major insurance agencies.
- Dedicated assistance available
- Claim settlement at the fastest rate
Cons
- It has garnered a small number of customer reviews.
Conclusion: Best Small Business Insurance Companies
Business insurance policies cover unfortunate events; otherwise, they may hit your budget.
Hence, small business insurance policies are a must.
You can buy the policies from these companies; however, the list is not exhaustive.
