How We Chose the Best Small Business Liability Insurance
Many companies offer small business liability insurance policies, and the policies available offer a variety of protections against lawsuits. We researched the available liability insurance options in order to identify the best ones, basing our rankings on factors that matter to small businesses.
Insurance regulations vary from state to state, and not all insurers provide policies in all states. While we looked for companies that offer coverage in all or most of the 50 states, small businesses should confirm coverage availability in their specific state.
Many liability risks are specific to certain industries, and small business liability policies are frequently written to be industry-specific because of this. We checked to see which industries different insurance companies underwrite policies for, and we prioritized companies that cover multiple industries. Small businesses still need to make sure their industry is covered, however.
When a claim needs to be filed, businesses need to do so as quickly and efficiently as possible. Filing claims by phone is easier for some businesses, while others prefer online claims filing. We made sure that both phone and online claims filing were offered by the listed companies.