Our Top Picks

Chubb
Chubb
  • Customer service: Phone during business hours, online
  • Online claims filing
  • Surety bonds

Chubb offers insurance solutions for small businesses that have big revenues. The company serves companies with revenues up to $30 million, and it has a foreign insurance package that’s unique among small business insurers. In addition to business owner’s policy, professional liability, and worker’s compensation insurance, surety bonds and loss control tools are also available.

While the lack of industry-specific insurance coverages might leave some businesses wanting, those that need standard protections for high revenues or international operations will find Chubb well-suited to meet their needs.

Businesses must call Chubb to get a quote and set up an insurance policy through the company. Once the initial policy is set up, however, customer service and claims filing are both conducted online.

Pros & Cons

Pros

  • Surety bonds & loss control tools available
  • Foreign coverage available
  • Online claims filing

Cons

  • Coverage not available in all states
  • Phone support only during business hours

Summary

  • Starting Price
    • Custom Quote
  • Coverage Types
    Insurance
  • Customer Support
    Business Hours
    Online
  • Available in all 50 states
    no
  • Online Claims Filing
    yes
  • Online Quotes
    no
Features
  • Customer service: Phone during business hours, online
  • Online claims filing
  • Surety bonds
Farmers
Farmers
  • Customer service: 24/7 (live rep), online, phone during business hours
  • Online quotes
  • Online & phone claims filing

Farmers offers a wide range of commercial insurance options that allow the company to cater to many different small businesses. Businesses that need standard property, liability, worker’s compensation, auto, and umbrella coverages will find the protections they’re looking for. So too will businesses that need more specific coverages, such as businesses that need manufacturing, contractor, or auto service and repair insurance.

In addition to catering to for-profit businesses, Farmers also offers solutions for religious organizations, educational institutions, homeowners’ associations, and nonprofit organizations. Businesses and organizations can find quotes online, and 24/7 online customer support is always available. Phone customer support is also available during business hours.

Pros & Cons

Pros

  • Industry-specific insurance coverage available
  • Phone, online, and 24/7 customer support
  • Available in all 50 states

Cons

  • No surety bonds available

Summary

  • Starting Price
    • Custom Quote
  • Coverage Types
    Home, Auto, Business Insurance, and Life
  • Customer Support
    Business Hours
    Online
    24/7 Support
  • Available in all 50 states
    yes
  • Online Claims Filing
    yes
  • Online Quotes
    yes
Features
  • Customer service: 24/7 (live rep), online, phone during business hours
  • Online quotes
  • Online & phone claims filing
Hiscox Logo
Hiscox
  • Customer service: Online, phone during business hours
  • Online quotes
  • Online & phone claims filing

Hiscox makes getting insured easy, even for small business owners who are unfamiliar with risk exposures and coverages. The company offers a quick assessment tool and provides extensive information on the coverages that are available and what types of businesses might want them. Hiscox offers general liability, professional liability, business owner’s policy, and short-term liability coverage. Worker’s compensation, umbrella liability, and auto are some of the other coverages available.

The high level of service that Hiscox provides continues after businesses purchase insurance, with both online and phone claims filing options.

Pros & Cons

Pros

  • Online quotes
  • Online and phone claims filing
  • Available in all 50 states

Cons

  • No surety bonds available
  • Phone support only during business hours

Summary

  • Starting Price
    • Custom Quote
  • Coverage Types
    General Liability, Professional Liability (E&O), Business Owner's Policy, Cybersecurity, Short-Term Liability
  • Customer Support
    Business Hours
    Online
  • Available in all 50 states
    yes
  • Online Claims Filing
    yes
  • Online Quotes
    yes
Features
  • Customer service: Online, phone during business hours
  • Online quotes
  • Online & phone claims filing
Insureon Logo
Insureon
  • Customer service: Online, phone during business hours
  • Online quotes
  • Surety bonds

Insureon offers a long list of small business insurance coverages. The company has everything from standard coverages such as general liability and commercial auto to more specialized ones like special event and inland marine. Surety bonds are also available for car dealerships, construction companies, and others that need them.

A rarity among these insurance companies, Insureon lists many of its coverage’s prices. Business owners can get personalized quotes online, or they can simply look up what a coverage typically costs.

Another unique feature of Insureon is that the company operates entirely online. Some business owners may see the lack of phone support as a disadvantage, but others will like the streamlined nature of the company’s website.

Pros & Cons

Pros

  • Premiums available online
  • Online quotes & claims filing
  • Easy online application

Cons

  • Phone support only during business hours
  • No loss control tools available

Summary

Insureon Logo
Insureon
  • Starting Price
    • General liability: $42/per month
    • Business owner's policy: $99/per month
    • Professional liability (E&O): $97/per month
    • Workers' Compensation: $111/per month
    • Commercial Umbrella: $129/per month
  • Coverage Types
    Small Business Insurance, General Liability, Professional Liability, Errors and Omissions, Business Owner's Policy, Commercial Property, Business Interruption, Employment Practices Liability, Worker's Compensation, Micro-Business Insurance, Cyber Liability Insurance, and Small Businesses
  • Customer Support
    Business Hours
    Online
  • Available in all 50 states
    yes
  • Online Claims Filing
    no
  • Online Quotes
    yes
Features
  • Customer service: Online, phone during business hours
  • Online quotes
  • Surety bonds
Liberty-Mutual
Liberty Mutual
  • Customer service: Online, phone during business hours
  • Online quotes
  • Online & phone claims filing

Liberty Mutual offers both common and specialized small business insurance. Most businesses will get all the protection they need through the company’s general liability, commercial auto, business owner’s policy, worker’s compensation, and umbrella insurance options. Businesses that operate in scrap metal, self-storage, or another specialized space can find adequate protection through the company’s specialty programs too, though.

In addition to its insurance coverages, Liberty Mutual also provides surety bonds and loss control tools to meet even more businesses’ needs. Companies can get the insurance coverages they need through an online quote process, and claims can be filed either online or by phone.

Pros & Cons

Pros

  • Online quotes
  • Online and phone claims filing
  • Coverage available in all 50 states

Cons

  • Phone support only during business hours

Summary

Liberty-Mutual
Liberty Mutual
  • Starting Price
    • Custom Quote
  • Coverage Types
    Business Owner’s Policy (BOP) and Packages, Commercial Auto Insurance, Equipment Breakdown Insurance, General Liability Insurance, Group Programs, Inland Marine Insurance, ?Property Insurance, ?Specialty Programs, ?Umbrella Insurance, Workers Compensation Insurance
  • Customer Support
    Business Hours
    Online
  • Available in all 50 states
    yes
  • Online Claims Filing
    yes
  • Online Quotes
    yes
Features
  • Customer service: Online, phone during business hours
  • Online quotes
  • Online & phone claims filing
Nationwide
Nationwide
  • Customer service: Online, phone during business hours
  • Online quotes
  • Online & phone claims filing

Nationwide is one of the most established and well-known companies that offers small business insurance. The company has been around since 1926, and it’s highly rated for both its financial stability and its customer service.

Nationwide’s business insurance solutions include a wide range of products for businesses of all sizes, ranging from larger corporations to small sole proprietors. Businesses that need a quote can select from specific coverages or look at insurance solutions for different industries.

Despite its size and history, Nationwide isn’t available in all 50 states. Where it is available, however, the company offers truly comprehensive solutions.

Pros & Cons

Pros

  • Online quotes
  • Online and phone claims filing
  • Surety bonds and loss control tools available

Cons

  • Not available in all 50 states
  • Phone support only during business hours

Summary

Nationwide
Nationwide
  • Starting Price
    • Custom Quote
  • Coverage Types
    Business Owner's Policy, Business Liability, Commercial Property, Commercial Auto
  • Customer Support
    Business Hours
    Online
  • Available in all 50 states
    no
  • Online Claims Filing
    yes
  • Online Quotes
    yes
Features
  • Customer service: Online, phone during business hours
  • Online quotes
  • Online & phone claims filing
Next
Next
  • Customer service: Online, phone during business hours
  • Online quotes
  • Online & phone claims filing

Next exclusively caters to small businesses, with many of the insurance company’s customers being sole proprietors or having only a few employees. Because Next only serves this section of the insurance market, the company is able to offer some highly specialized options. In particular, there are specially crafted solutions for entrepreneurs and for technology-based small businesses.

As a newer company to the small business insurance space, Next doesn’t have the longevity of some other companies that may be more widely known. It does have top-notch ratings from AM Best and Demotech, though, so business owners can purchase policies with confidence.

Pros & Cons

Pros

  • Online quotes
  • Online and phone claims filing
  • Surety bonds available

Cons

  • Not available in all 50 states
  • Phone support only during business hours
  • No loss control tools available

Summary

  • Starting Price
    • Custom Quote
  • Coverage Types
    Insurance, Small Businesses, InsureTech, insurtech, Entrepreneurs, and Technology
  • Customer Support
    Business Hours
    Online
  • Available in all 50 states
    no
  • Online Claims Filing
    yes
  • Online Quotes
    yes
Features
  • Customer service: Online, phone during business hours
  • Online quotes
  • Online & phone claims filing
Progressive
Progressive Commercial
  • Customer service: 24/7 (live rep), online, phone during business hours
  • Online quotes
  • Phone claims filing

Progressive Commercial offers flexible and convenient insurance options, with expert support available for business owners who need it. While Progressive Commercial provides insurance for all types of businesses, the company doesn’t take a one-size-fits-all approach. Instead, businesses can easily get customized insurance solutions where they choose the coverages, deductibles, limits, and other features of their policies.

Progressive Commercial also excels at providing quality customer service. Company representatives are available any time of day or night through the company’s website. Claims are filed via phone so a representative can assist with the process.

Pros & Cons

Pros

  • Premiums available online
  • Online quotes
  • 24/7 customer support

Cons

  • Not available in all 50 states
  • No surety bonds or loss control tools available
  • No online claims filing

Summary

Progressive
Progressive Commercial
  • Starting Price
    • Workers' Compensation:$85/per month
    • Business Owners' Policy (BOP): $80/per month
    • General Liability: $53/per month
    • Professional Liability: $46/per month
  • Coverage Types
    Auto Insurance, Commercial Auto Insurance, Boat Insurance, Home Insurance, Renters Insurance, and motorcycle insurance
  • Customer Support
    Business Hours
    Online
    24/7 Support
  • Available in all 50 states
    no
  • Online Claims Filing
    no
  • Online Quotes
    yes
Features
  • Customer service: 24/7 (live rep), online, phone during business hours
  • Online quotes
  • Phone claims filing
State-Farm
State Farm
  • Customer service: Online, phone during business hours
  • Online quotes
  • Online & phone claims filing

State Farm offers many different small business insurance solutions, which allow the company to serve over 300 different professions. Hair salon owners, electricians, landlords, and other business owners can get business owner’s policy, business and commercial auto, commercial liability umbrella, professional liability, or any of many other coverages.

One particular coverage that State Farm offers is small business life insurance. This insurance is useful in situations where the success of a business and investors’ investments are reliant upon a particular person. Investors who put funds into a musician’s band, for example, might want small business life insurance for the musician in case they pass away.

Pros & Cons

Pros

  • Online quotes
  • Online and phone claims filing
  • Surety bonds & loss control tools available

Cons

  • Not available in all 50 states
  • Phone support only during business hours

Summary

State-Farm
State Farm
  • Starting Price
    • Custom Quote
  • Coverage Types
    Business Owners Policy, Business & Commercial Auto, Individual Health, Commercial Liability Umbrella, Professional Liability, Workers’ Compensation, Small Business Life
  • Customer Support
    Business Hours
    Online
  • Available in all 50 states
    no
  • Online Claims Filing
    yes
  • Online Quotes
    yes
Features
  • Customer service: Online, phone during business hours
  • Online quotes
  • Online & phone claims filing
Hartford-Insurance-Company
The Hartford
  • Customer service: Online, phone during business hours
  • Online quotes
  • Online & phone claims filing

The Hartford has been underwriting insurance policies for over 200 years, and it’s been providing insurance to small businesses for more than 30 years. It's one of the most established insurance companies, although it doesn’t operate in all states.

From The Hartford, small businesses can get coverages like general liability, business property, business income, and worker’s compensation. These are frequently bundled together into industry-specific package policies that have multiple coverages within them.

All interactions with The Hartford can be completed online, which makes conducting insurance-related business easy. Phone support is also available.

Pros & Cons

Pros

  • Online quotes
  • Online and phone claims filing
  • Surety bonds and loss control tools available

Cons

  • Not available in all 50 states
  • Phone support only during business hours

Summary

Hartford-Insurance-Company
The Hartford
  • Starting Price
    • Custom Quote
  • Coverage Types
    General Liability Insurance, Business Property Insurance, Business Income Insurance
  • Customer Support
    Business Hours
    Online
  • Available in all 50 states
    no
  • Online Claims Filing
    yes
  • Online Quotes
    yes
Features
  • Customer service: Online, phone during business hours
  • Online quotes
  • Online & phone claims filing

How We Chose the Best Small Business Insurance Companies

There are many small business insurance companies, and they provide an array of coverages. We researched these companies in order to identify the best ones, evaluating each on the criteria that businesses care about most.

Coverage Types

While the vast majority of small businesses need insurance, exactly what coverages they need varies. Some businesses need only one or two basic coverages, while others require several different coverages or highly specialized ones.

To ensure that different businesses would find a suitable insurance company on our list, we only included companies that offer multiple coverage options. Property insurance, auto insurance, and life insurance are merely a few of the coverages businesses can procure from these companies.

Filing Methods

When businesses have to file an insurance claim, they want the filing process to be as easy and convenient as possible. An online claims filing process is preferable for some, but other businesses prefer to manage their claims via phone.

We included insurance companies that offer both online and phone claims filing for maximum convenience.

Availability

Insurance is regulated at the state level, and not all insurance companies offer coverage in all states. While we sought to include companies that offer coverage in as many states as possible, small businesses should make sure the company they select offers coverage in every state where they need protection.