Top Small Business Insurance Agencies in 2023

Managing a business involves a variety of activities, and purchasing small business insurance is among the most crucial. Small company insurance can protect owners in the event of unforeseen occurrences, such as a fire that destroys inventory or an employee being wounded on the job. Below is a short list of some of the leading small business insurance providers for 2023.

Hiscox

Hiscox is the only provider in our ranking that specializes exclusively in business insurance. It offers many policies, such as medical malpractice and short-term liability. Compared to standard liability insurance, a short-term liability policy provides general or professional liability coverage for shorter time periods. This can be advantageous for contractors that just want coverage for the duration of a job.

On their website, you may obtain quotations, and if you are a policyholder, you can also manage certain aspects of your policy. However, certain adjustments may necessitate consultation with your agent or broker.

While Hiscox business insurance is offered throughout the majority of the United States, it is not available in Alaska.

Travelers

Travelers offer a vast selection of insurance that covers environmental liabilities and overseas operations. In addition, it includes typical products such as general liability and business owner's insurance.

To acquire a quote, you must speak with an agent or broker from Travelers. To make some modifications to your policy, you will also need to communicate with your agent or broker as a policyholder.

It sells plans in all fifty states and the District of Columbia.

Chubb

Chubb offers extensive plans that can be tailored to certain sectors. For instance, it offers professional liability plans customized for industries such as finance and engineering. A conversation with an insurance adviser may be the best method to maximize Chubb's coverages, given the variety of available products and customization options.

Clients of Chubb can manage their policy accounts online, including reporting claims. Nonetheless, you may need to interact with an agent to complete certain transactions.

Chubb is offered nationwide in the United States.

Allstate

Allstate provides the majority of the principal business insurance products, such as business owner policy (BOP), general liability, professional liability, and commercial auto insurance. Unlike every other employer in our ranking, it does not appear to provide workers' compensation.

You can obtain a quotation online but not register a claim online. If you prefer working with a person when filing a claim, the latter may not be a concern.

It is also available in all 50 states and the District of Columbia.

We hope this info is helpful with your assessment and search.