Reviewed: The 9 Best Small Business Insurance
Last Updated: July 15, 2017 by
As a small business owner, you have a lot to deal with. Everything from inventory to payroll has headaches lurking in the best case scenarios, and utter ruin in the worst case. That’s why it’s absolutely necessary for you to carry some form of small business insurance. It can serve as the last line of defense against a crisis threatening to close you down for good.
Small business insurance covers you against liability. You may have a brick and mortar business. Should anyone get hurt on your premises, you’d be covered. If anything should happen to the property that you rent or own, you’d be covered. You can even obtain coverage to protect you against cyber crime. This is especially useful for online entrepreneurs.
Compared to the cost of litigation, small business insurance is very inexpensive. A modest monthly premium could save you a tremendous amount of money. Most agencies have thoughtful, knowledgeable employees. These folks can help you tailor the right coverage to suit your business.
It’s imperative that you obtain small business insurance as early as possible. It can take a while for your business to turn real profits. It’s during this part of the game when you’re most vulnerable. If you have a good insurance company in your corner, you can focus on the passions that led you here in the first place. Important notice: When you click links from this website, we may receive advertising revenue.
Liberty Mutual focuses solely on providing insurance services. They are one of the top ten insurance companies in the entire world. This is because they have a vast array of policy types available and good customer service. Their insurance plans include both commercial and personal options. Commercial options include small business owner policies, general liability, commercial auto, and equipment coverage. Personal options include home, auto, boat, life, identity theft, and even pet insurance.
State Farm is a full service insurance and financial service provider. It is one of the largest home and auto insurance companies. They have a generous offering of other insurance policies as well. This includes identity theft insurance, small business insurance, and life insurance. Their claims department is open 24 hours a day. Financial services they offer include checking accounts, savings accounts, and a number of different loan types.
Progressive offers a wide range of insurance solutions to small businesses. You can get the bare minimum needed to satisfy lenders and investors, as well as any local statutes. You can also customize coverage to cover the nuances of your specific company. Progressive is incredibly well known. Their automotive division has a comprehensive advertising campaign. On the business side, they offer just as much in terms of coverage and savings. Including policies for business owners.
AIG is a global provider of insurance in a large number of fields. They offer small business insurance backed by the power of their immense organization. You can acquire coverage against disgruntled employees, criminal activity, and even cyber risk. If your business provides complex services, you can insure your results, as well. The claims process is fast and easy to initiate.
Chubb is an insurance provider that lets you build your policy based on your specific needs. For small business owners, they offer simple solutions. These can be broad and basic coverage packages, or more nuanced combinations of the company’s offerings. Your policy statements are available electronically. You can get your hands on them as soon as you’re approved for coverage.
Mercury Insurance is a small business insurance provider with custom coverage options. The company has been doing business for more than 50 years. They’re primarily a car insurance provider. They also cover a wide range of small business types. Each business category can tweak its insurance policy to fit its needs. This helps ensure that anything strangely specific to your field won’t go uncovered.