The best small business insurance companies offer basic policies, such as general liability, and a broad range of additional coverages that small business owners may need. We reviewed dozens of providers and narrowed them down to our top 15 based on key criteria like coverage types, customer service, and pricing.
The Hartford: Best Overall Small Business Insurance Provider
The Hartford is our overall top business insurance company. Its specialists provide industry-leading customer support and highly rated claims service. The Hartford offers a broad range of insurance packages to meet your specific coverage requirements. Complete a short online questionnaire to receive a quote in minutes.
Top 15 Small Business Insurance Companies 2018
|Insurance Company||Best For|
|The Hartford||Best overall for industry-leading customer care, highly rated claims service, and specialized packages|
|Hiscox||Business owners who want a specialized coverage by profession, including one for home-based businesses|
|Next||Businesses in niche industries who want affordable general liability and professional liability insurance|
|Travelers||Small business owners who want online claim services and policy management|
|Chubb||Small businesses who need to cover international transactions and trips|
|Nationwide||Small businesses owners who want employee benefits in addition to business insurance|
|Farmers Insurance||Small business owners who want to customize their business policies|
|Liberty Mutual||Small business owners who want help implementing risk management programs|
|CNA||Business owners who want professional liability added to their BOP|
|The Hanover||Technology businesses who want simple applications and fast quotes for errors & omissions insurance|
|AmTrust||Businesses that sell alcohol and need liquor liability included in their BOP|
|Allstate||Small business owners looking for basic insurance and free business resources|
|State Farm||Business owners who want a national provider with a local presence|
|Progressive||Small business owners who need affordable commercial auto insurance|
|Philadelphia Insurance Companies||Non-profit organizations that have been declined by other insurers|
How We Evaluated Business Insurance Companies
We evaluated the best small company insurance providers by looking at national providers that offer the policies most business owners need like general liability. Then, we considered other features like the availability of additional business policies and industry-specific packages, amount of coverage for the premium, and customers service ratings and reviews.
The criteria we used to evaluate the top business insurance companies include:
- Coverages by industry or profession: Top business insurance companies need to offer business insurance policies most owners need plus prepackaged plans for specific industries or professions
- Customer service: We studied trends in customer ratings and reviews on sites like the Better Business Bureau, Feefo, and Trustpilot, among others
- Nationwide presence: We only included providers that serve small business owners all across the United States
- Costs: We looked at premium rates, pricing structures, available discounts, and what customers had to say about affordability
- Customer reviews: We researched what customers had to say about each carrier, looking at its website and a number of outside review sites
This article only covers small business insurance carriers, such as companies that develop the insurance products it sells. You can also get small business insurance from brokers who have access to multiple carriers. Check out our Best Small Business Insurance Brokers article for more information.
Based on the above criteria, our number one choice as the top small company insurance carrier is The Hartford. All of our top 15 finalists share similar qualities, but The Hartford is a standout for its industry-leading customer care and highly rated claims service.
The Hartford: Best Overall Small Business Insurance Company
The Hartford takes best overall because it has a team of specialists in place to help small business owners identify risk and match them to insurance policies. This team earns high ratings from customers for servicing and claims support. Plus, The Hartford has a broad selection of specialized insurance packages based on industry and profession.
The Hartford Coverages
The Hartford offers broad protection to small businesses. Its general liability insurance is particularly strong. In addition to third-party lawsuits, it includes a special option for website and advertising coverage, plus damages to the property you rent. It also offers strong workers’ compensation policies in many areas. The Hartford lists 51 professions in 24 industries it can quote online, and phone quotes are available for businesses not listed.
Top industries include:
- Contractors & construction
- Finance & insurance
- Professional services
- Real estate
- Wholesalers & distributors
The Hartford Costs
Like most insurance providers, The Hartford provides specific pricing information after customers apply for a quote. However, many of its top industries offer The Hartford’s Stretch endorsements for a reduced rate.
These Stretch endorsements expand the comprehensive basic coverage in The Hartford’s Spectrum program by adding blanket limits of $250,000 to $350,000 to six industry-specific coverages:
- Computers and media to cover damage to your hardware or software
- Debris removal to cover the cost of removing debris after a covered event
- Personal property of others to cover leased or borrowed business personal property
- Temperature change to cover inventory that spoils after a mechanical breakdown
- Accounts receivable to cover costs after the loss of accounts receivable documents, such as money that can’t be collected from customers or loans taken out to cover those costs
- Valuable papers and records to cover the cost of reconstructing important business documents
The Hartford Customer Reviews
Customers who work with The Hartford rave about the customer service, often commenting on fair and professional treatment during claims. The Hartford also gets high marks for its responsiveness. Many clients note that its customer service representatives answered questions promptly and worked to keep them informed.
What The Hartford Is Missing
The Hartford is known for writing policies for many industries and providing exceptional servicing and claims support. However, one missing element is premium information. There are no details on the cost of basic insurance packages, such as a simple business owner’s policy (BOP).
How to Apply for Business Insurance at The Hartford
Business owners can apply for small business insurance from The Hartford on its website. Click the Start Quote button and answer basic questions about your business.
Hiscox: Best Small Business Insurance Company for Home-based Businesses
Hiscox specializes in insurance for small companies, offering a wide range of coverage types for a diverse set of industries. Hiscox particularly stands out in insurance policies for businesses run out of the home. The company tailors its policies by reducing coverage in your BOP to match the reduced risk.
A general liability policy from Hiscox averages about $30 for most small businesses, and you can bundle property coverage into a BOP that starts at just $42 per month.
Hiscox also offers:
- Monthly payment plans for no extra charge
- A 14-day full money-back guarantee.
Hiscox specializes in liability insurance and can tailor products to cover exposures in nine industries and more than 70 specific professions. On top of the common policies such as general liability, cybersecurity, and workers’ compensation, Hiscox can quote many other coverages as well.
Here are a few of Hiscox’s additional liability policies:
- Directors and officers insurance
- Management liability insurance
- Employment practices liability insurance
- Hired & non-owned auto liability insurance
Hiscox Customer Reviews
Hiscox customer reviews trend positive, with many customers commenting on the company’s fast service and helpful representative. Clients also say the application is easy to use and appreciated being able to call with any questions.
What Hiscox Is Missing
With an online service portal, live chat, and simple application, Hiscox does an excellent job of using technology to create a positive client experience. However, the company doesn’t offer surety bonds. While not an insurance policy, bonds are often needed for contract work, especially in the construction industry.
How to Apply for Business Insurance at Hiscox
You can apply with Hiscox online anytime and get same day coverage. To start an application, choose your industry and state from the drop-down menus, click Get a Quote, and answer a few questions about your business. The process takes only minutes to complete.
Next Insurance: Best Small Business Insurance Company for Niche Industries
Next Insurance is both a broker and a carrier. As a broker, the partners with specialty insurers like Munich RE and Markel, but it also recently became a licensed carrier and can write their own small business insurance policies. This combination allows them to cover niche industries including massage therapy, education, and fitness.
Next Insurance Costs
Next Insurance prides themselves on providing cost-effective coverage to small business owners. There are never hidden fees, even when it is acting as a broker for its partner insurers, and it doesn’t charge for adding insured or requesting certificates.
The base costs for some of its top industries include:
- Contractors and construction: $29 per month
- Personal training: $11 per month
- Daycare operator: $33 per month
- Massage therapist: $12.50 per month
Next is also unique in that most quotes come at three price points presented as monthly payments. Each quote lists the coverage types and limits, and business owners can purchase policies immediately.
Next Insurance Coverages
Next Insurance lists eight specific industries and a catch-all miscellaneous category for which it offers coverage. The company specializes in general liability and professional liability, typically combining these policies to simplify the experience for consumers. Next Insurance can also write commercial auto insurance for some industries, and it plans to add workers’ compensation soon.
Next Insurance Customer Reviews
Customer reviews for Next Insurance mainly focus on price. Policyholders note that its liability coverages are much more affordable now that they get them through Next, but they also mention how simple the application is.
What Next Insurance Is Missing
Few commercial insurance companies can beat Next on price and user experience. However, Next is still somewhat limited in product offerings. Small business owners in specific industries and who only need general liability, professional liability, and commercial auto will find Next Insurance most helpful.
How to Apply for Business Insurance With Next Insurance
Getting quotes from Next Insurance is easy. Go to the site, enter your professional, and click the Get Instant Quote. This takes you to an application that takes just minutes to complete. Once you submit all your information, Next sends quote details immediately.
Travelers: Best Small Business Insurance Company for Online Claims and Policy Management
Travelers is another large insurance carrier that uses independent agents and brokers to distribute products. Through these 14,000 agents, Travelers sells affordable business insurance. However, the standout feature is the online portal. Policyholders can log in to file claims, add insureds, and request other services easily.
Because Travelers uses independent agents, you will most likely see additional fees tacked on to your insurance bill. Other than that, Travelers has a reputation for providing basic business insurance for reasonable premiums.
For business owners who need more than a standard BOP, Travelers offers a host of management liability products including:
- Cyber liability
- Fidelity & crime
- Directors & officers
- Identity fraud reimbursement
Business owners can purchase these as standalone policies or bundle them in a single package.
Travelers Customer Reviews
Travelers’ dedication to customer service leaves most policyholders satisfied with their choice. The company is known for its responsiveness and quick claim payouts. Many business owners also appreciate its risk management resources.
What Travelers Is Missing
The ability to manage your account and file claims online is a big benefit for busy business owners who use Travelers. Plus, Travelers offers a number of specialty policies that can help you tailor your insurance to your business. Unfortunately, some of Travelers’ products aren’t available in every state.
How to Apply for Business Insurance at Travelers
Travelers’ website makes it easy to find an agent near you. The site even lets you narrow your search by the line of business. You can select small business or a specific policy type and get started building a quote with a local agent.
Chubb: Best Small Business Insurance Company for International Transactions
Chubb is the world’s largest publicly traded property and casualty insurance carrier. This enables it to offer an extensive array of products for all types of businesses including small companies. One example is the foreign package, which is designed specifically for small business with overseas interest and foreign travel.
Like most large insurance providers, Chubb doesn’t post cost data on its site. However, the company offers coverage through independent agents and brokers, which typically means you pay additional fees that add to your overall cost. While Chubb doesn’t provide dollar amounts, it does disclose other commission information on its site.
In addition to standard business policies, Chubb has a foreign package that’s uncommon among small business insurers.
The core coverages in Chubb’s foreign package include:
- Workers’ comp for foreign employees
- Medical expenses
- Lost document assistance
- Political evacuation
In addition to its foreign package, Chubb offers four distinct management and professional liability packages for small businesses.
Chubb Customer Reviews
Customer reviews for Chubb are rare, mostly because it’s known for business insurance that’s sold through independent agents. Most available reviews tend to be positive, particularly for claims service. Chubb also has an online claim reporting tool that gets high marks for a speedy response. Chubb typically gets claims payments to clients within 48 hours of settlement, which is widely recognized as a big benefit
What Chubb Is Missing
Chubb has just about every product a small business owner could want including a foreign package, surety bonds, and BOP. The one drawback is the lack of online quoting. Direct-to-consumer models are becoming more popular in the industry, so perhaps Chubb will add this option in the future.
How to Apply for Business Insurance at Chubb
Chubb sells business insurance through agents and brokers, so the site guides you toward representatives in your area. The process is simple. Just go to Chubb’s small commercial insurance page and click the button. From there, you enter your ZIP code, and the site returns contact information for agents.
Nationwide: Best Small Business Insurance Company for Property Insurance
Nationwide specializes in both property and casualty insurance and has a wide range of financial products and employee benefits, including retirement planning and group insurance. This makes it a convenient choice for company owners looking to insure their businesses and get benefits for their employees.
Nationwide Insurance Costs
Nationwide doesn’t provide cost information for small company insurance on its website. However, it does claim to have flexible payment options.
Nationwide also lists several factors that may impact your premium, including:
- Annual payroll
- Annual sales
- Square footage of your place of business
While these factors can give you an idea of potential costs, applying for insurance is the only way to get a quote.
Most insurers cut off eligibility for a BOPs when a business has more than $1 million in revenue. Nationwide, however, provides BOPs for businesses with up to $5 million in annual revenue. The company also offers accounts receivable coverage that pays for losses from customers’ inability to pay, as well as a number of employee benefit options including dental, vision, and supplemental health.
Nationwide Customer Reviews
Nationwide appears to have placed considerable emphasis on customer service over the past year, having risen to number one for customer satisfaction in J.D. Power’s 2018 U.S. Small Commercial Insurance Study. Reviews for Nationwide often mention the friendly service and the amount of online risk management resources.
What Nationwide Is Missing
As a financially sound, national carrier, Nationwide offers quality coverage, helpful resources, and excellent customer service. However, its list of covered businesses and industries seems a little light. If your business isn’t in one of its top 14 industries, you may have to work directly with an agent to customize a solution.
How to Apply for Business Insurance at Nationwide
The best way to find out if Nationwide is right for your small business is to get a quote. You can visit Nationwide’s website to complete an easy application and get a quote instantly. If your profession isn’t listed, you can call a representative or use the live chat for assistance.
Farmers Insurance: Best Small Business Insurance Company for Specialized Coverage
Farmers lnsurance distinguishes itself from many other large carriers by tailoring coverage to specific industries and professions. The company offers more than a dozen industry-specific packages that start with a BOP and are then customized for unique insurance needs.
Farmers Insurance Costs
Farmers Insurance uses an agent-to-consumer sales model, which means your overall cost may include a policy or broker fee when you first bind a policy.
Farmers also offers several discounts, including:
- Reduced rates for bundling coverage types in a BOP
- Paying annual premiums in full upfront
- Using electronic funds transfer
- Opting for paperless statements
Farmers Insurance Coverages
In addition to the standard small business insurance policies, Farmers Insurance has a number of specialty products designed for its top industries’ unique risks.
A few examples of Farmers Insurance specialty coverages include:
- Tuition and fees coverage for school
- Guests’ property coverage for hotels and inns
- Sale and disposal liability for self-storage business owners
Farmers Insurance Customer Reviews
Customers reviews are somewhat mixed for Farmers Insurance. While it receives negative reviews focused on what customers consider hidden fees, Farmers gets rave reviews for claim services, which customers can access 24/7 through an easy online tool.
What Farmers Insurance Is Missing
Although Farmers Insurance deserves credit for offering coverage tailored to small business owners’ industries, the website is difficult to navigate, and the application sends your information to an agent. That’s a plus for business owners looking for face-to-face interaction, but a negative for anyone looking for immediate quotes.
How to Apply for Business Insurance at Farmers Insurance
You can apply for insurance through Farmers Insurance on its website. All you need to do is provide information on your location and answer a few basic questions about your business, and then Farmers Insurance matches you with a local agent to complete the process.
Liberty Mutual: Best Small Insurance Company for Risk Management Assistance
Liberty Mutual has more than 100 years of experience working with businesses of all types, sizes, and industries. It puts this extensive experience to use in its industry-specific risk management resources. Small business owners enter their policy number on the Liberty Mutual SafetyNet site to view training videos and other safety tools to help reduce the cost of coverage.
Liberty Mutual Costs
The cost of coverage with Liberty Mutual varies depending on several factors. However, most businesses can expect to pay premiums between $400 and $3,000 annually. Combining multiple coverage types in a BOP reduces costs compared to buying separate policy types.
Liberty Mutual Coverages
As a large, international insurance company, Liberty Mutual has a broad range of coverage types for small business owners, from a simple general liability policy to a BOP to employee benefits. With 50,000 employees around the world, it’s easy to find a local representative to get personalized service if needed.
Liberty Mutual Customer Reviews
Reviews for Liberty Mutual small business insurance are rare, but the ones that are out there specifically mention how the company saved them money through the SafetyNet site.
What Liberty Mutual Is Missing
Liberty Mutual offers a wide range of coverage types. However, its risk management resources show it also understands that insurance is only the beginning. That said, the website is more difficult to navigate than many of the other top business insurance carriers.
How to Apply for Business Insurance at Liberty Mutual Insurance
Liberty Mutual requires owners to work with an independent agent or broker when applying for commercial insurance. New customers can use the company’s website to find a local agent who can offer personalized assistance in applying for and purchasing appropriate coverage.
CNA: Best Small Business Insurance Company for Professional Liability Coverage
As one of the largest property and casualty insurers in the US, CNA provides small business owners with a broad range of policies and coverage options. Its BOP, called CNA Connect, combines general liability and property coverage plus a unique endorsement for professional liability. It also automatically includes employment practices liability limits of $10,000.
CNA does not share premium information or discount opportunities on its website. However, CNA Connect, its BOP, does allow policyholders to drop unnecessary coverages or increase deductibles to reduce overall costs.
CNA focuses solely on commercial insurance and is the market leader for professional liability, also called errors and omissions insurance. The company makes a professional liability endorsement available on its BOP for 16 business classes. The majority of other small businesses can get similar affordable liability coverage through its standalone policy.
Additionally, CNA lists 11 policies for small businesses including rare coverages like:
- Fidelity and commercial crime
- Employment practices liability insurance (EPLI)
- International coverage
- Ocean marine
Few insurers can offer these coverages to small business owners, but CNA can. In fact, its BOP automatically includes EPLI.
CNA Customer Reviews
Small business owners generally seem to like working with CNA, although that’s often due to the specific agent servicing an account. However, CNA has had some poor reviews for its claims service, which customers think takes too long and is hard to manage.
What CNA Is Missing
Not only does CNA offer a wide range of commercial policies for small business, but it also has online quoting options to make getting coverage even easier. However, most business owners want more concrete pricing details before they apply, and CNA does not provide that information.
How to Apply for Business Insurance With CNA
CNA offers online quoting at its website, or business owners can request contact information for a local agent. Those who want to get a quote online can do so by completing a short application on CNA’s website.
The Hanover: Best Small Business Insurance Company for Technology Businesses
The Hanover is a family of insurance companies that specialize in small- and medium-sized businesses and can offer coverage to over 500 business types in 12 industries. Technology is a top industry for The Hanover, which offers coverage for 33 different types of technology firms and a simplified application for errors and omissions insurance that asks only 10 questions.
The Hanover Costs
Like most insurance policies, coverage from The Hanover depends on a variety of factors including a business’s operations, location, and revenue. A small technology firm can get an errors & omissions policy geared towards them for a minimum premium of between $600 – $1,000. Other small businesses see minimums of between $150 and $2,000.
The Hanover Coverages
The Hanover only works with small and medium commercial accounts, and it takes pride in its ability to design innovative coverages. For small businesses, it offers commercial package solutions that cover many of the most common perils business owners face the most.
The Hanover’s commercial package includes:
- Property insurance
- General liability insurance
- Loss of income and extra expense coverage
- Data breach coverage
- Additional endorsement options based on industry
Tech companies can quote an errors & omissions policy designed specifically for them. The small business option has coverage limits between $250,000 and $5 million and covers all of the insured’s work, follows them with worldwide coverage, and automatically includes independent contractors when necessary.
The Hanover Customer Reviews
The Hanover receives mostly positive reviews from its customers. Many reviewers say its premiums are reasonable and the claims process is relatively painless. However, some customers say they’ve had trouble posting payments, but these issues are usually rectified quickly.
What The Hanover Is Missing
While The Hanover offers quality coverage for small businesses, its online options are limited. Business owners can pay bills and report claims online and little else. The Hanover does not offer instant quotes or let business owners bind policies on its website.
How to Apply for Business Insurance With The Hanover
The Hanover offers small business insurance products exclusively through the independent agent network. Business owners who want to quote The Hanover can go to the website, click on the Find a Local Agent link, and select Business Insurance. The website then provides a list of local agents you can work with to get coverage
AmTrust: Best Small Business Insurance Company for Businesses That Sell Alcohol
AmTrust started as a property and casualty insurer focused on small- and mid-sized commercial accounts. Now it’s a large international company serving businesses of all sizes in 70 countries. Despite this growth, AmTrust maintains a segment dedicated to helping small businesses and offers an affordable BOP with a liquor liability endorsement.
Some features of AmTrust’s BOP include:
- A minimum premium of $500 a year or slightly more than $40 per month
- A 10% discount on its BOP when purchased with workers’ compensation insurance
- Affordable industry-specific riders, such as liquor liability for restaurants and convenience stores
The company also offers no-fee payment plans for its BOP. These range from pay-in-full to installment plans starting a 50% down plus one additional payment, all of which can be paid through electronic fund transfer.
In addition to its BOP, AmTrust offers most of the small business insurance policies one would expect including cyber liability, workers’ compensation, and commercial auto. Unlike most insurers, AmTrust has EPLI for small business owners, and it offers state disability insurance.
AmTrust Customer Reviews
AmTrust generally gets good reviews from customers, who like being able to report claims at any time by email or phone, as well as having multiple payment options. Since AmTrust sells insurance through independent agents, few policyholders deal directly with the company beyond payments and claims.
What AmTrust Is Missing
AmTrust offers solid commercial insurance for low-risk business owners. However, its BOP isn’t available in Florida. Additionally, business owners looking for a liquor liability rider will need to submit a supplemental application and complete a pre-quote survey.
How to Apply for Business Insurance With AmTrust
Business owners who want to get coverage from AmTrust first need to find a local agent. They can do so by visiting AmTrust’s website and providing preliminary contact information. The site sends its details to an agent who will contact them.
Allstate: Best Small Business Insurance Company for Free Management Resources
Allstate is one of the most well-known insurers in the country. It offers quality business insurance, plus exclusive tools to help owners manage their businesses and save money. Some of these tools include up-to-date employee handbook, energy reviews, and a health care reform guide.
Allstate doesn’t list premiums on its site. However, it partners with multiple national, state, and local organizations to create discounts based on membership.
A few of the trade associations Allstate partners with include:
- American Society of Media Photographers
- Elite Beauty Society
- Shelby County Schools
Allstate offers basic business insurance in five industries, representing 36 specific professions. It has a BOP that can be customized with additional policies specific to each of these professions.
Here are a few examples of how Allstate customizes its BOPs for top professions:
- Photographers insurance can include off-premises property coverage
- Certified public accountant insurance can include coverage for valuable papers and records
- Locksmiths can add inland marine insurance
Allstate also makes a point of offering commercial auto insurance to its small business clients.
Allstate Customer Reviews
Customers give Allstate high marks for stellar customer service, which the company provides through a network of captive agents. These agents only sell Allstate products, so they know the options and can find the right policy for your business.
What Allstate Is Missing
Allstate’s exclusive management tools and personalized service are major benefits for business owners looking for expert advice. However, Allstate only offers basic small business insurance. It’s solid, reliable coverage, but you must customize for your business through add-ons as opposed to picking a package designed specifically for your industry.
How to Apply for Business Insurance at Allstate Insurance
Unlike other major carriers, business owners can get quotes online with Allstate. Visit its website to complete an application. You enter your business details, and Allstate returns quotes in just minutes.
State Farm: Best Small Business Insurance Company for Local Agents
State Farm combines the financial stability of a large insurance company with the personalized service typically found in a local agency. With more than 19,000 agents across the United States, most small business owners can have face-to-face meetings with a State Farm agent. Plus, every agent owns his or her agency, so they understand the risks of running a small business.
State Farm Costs
State Farm does not publish any pricing information on its website. However, because it uses an agent-to-consumer model, your costs may include additional fees. Small business owners can reduce costs by combining coverages in a BOP. Depending on your industry, State Farm can bundle general liability and commercial property with other key coverages.
State Farm Coverages
Like all of our top insurers, State Farm sells the primary insurance policies small business owners need. However, its list of additional coverages outshines most of its competitors.
For example, State Farm offers a number of industry-specific coverages like:
- Surety bonds
- Farm and ranch insurance
- Inland marine insurance
Moreover, State Farm lists about 100 unique businesses it covers with customized insurance solutions.
State Farm Customers Reviews
For customers, the biggest plus of working with State Farm is the agency network. Most policyholders like having an expert who can explain policy details who is invested in the business relationship. That personal touch makes shopping for insurance easier and helps many business owners feel more confident in its coverage.
What State Farm Is Missing
State Farm does a good job of providing coverage information for dozens of small business professions, but its website lacks details on pricing. Additionally, insurance information for specific industries is difficult to find.
How to Apply for Business Insurance at State Farm
Getting a business insurance quote with State Farm requires working with an agent. Its website guides new customers to a local agent who can assist with applying for and obtaining appropriate coverage.
Progressive Commercial: Best Small Business Insurance Company for Commercial Auto
Progressive Commercial offers a few primary small commercial policies, including general liability and workers’ compensation, but its greatest strength is commercial auto. Whether you’re insuring business autos, trucks, limos, buses, or trailers, Progressive Commercial has coverage to suit your needs. Plus, the company has the widest range of endorsements for customizing your policy.
Progressive Commercial Costs
Auto insurance with Progressive Commercial costs about $165 per month. Truck insurance is typically between $561 to $795 depending on how the truck is used.
Progressive Commercial also offers several discounts for qualified customers including:
- Maintaining insurance
- Having a commercial driver’s license
- Being in business for more than three years
- Bundling auto insurance with general liability or BOP
- Paying through electronic fund transfer
Progressive Commercial also adjusts your rates by the season, which can provide huge savings for seasonal businesses like contractors.
Progressive Commercial Coverages
While Progressive Commercial is best known for auto insurance products, it also offers additional coverages through the Progressive Advantage Business Program. These policies are written by third-party insurers and include most of the basic business insurance policies like BOPs and professional liability insurance. One unique offering is health insurance for you and your employees.
Progressive Commercial Customer Reviews
Customer reviews mainly focus on Progressive Commercial’s auto coverage and indicate that the company provides quality coverage at an affordable price. The number of available discounts is also a highlight. However, working with third-party insurers means customer experiences can vary when quoting general liability, BOP, and other basic business insurance policies.
What Progressive Commercial Is Missing
Discounts and customizable coverage make Progressive Commercial the go-to provider for business auto insurance. However, the rest of its small business insurance is limited. Most of its products come from third-party insurers.
How to Apply for Business Insurance at Progressive Commercial
You can apply for business insurance with Progressive Commercial by completing an online form or calling a toll-free number. All you do is enter your ZIP code and type of insurance policy you’re looking for to be directed to the right application. The entire process takes less than 10 minutes.
Philadelphia Insurance Companies: Best Small Business Insurance Company for Nonprofit Organizations
The Philadelphia Insurance Companies, or PHYL for short, a financially stable insurer specializing in niche markets. While that limits its willingness to write policies for traditional businesses, it means unconventional enterprises can often find coverage. This is true for hard-to-insure nonprofit organizations (NPOs). PHLY offers an insurance program for NPOs that can cover daycares, group homes, and homeless shelters.
Philadelphia Insurance Companies Costs
Because PHLY is a specialty insurer, comparing its premiums to standard carriers is a little like comparing apples to oranges. The risks PHLY insures are so different from traditional businesses makes comparing premiums and coverages difficult. However, the businesses that use PHLY can find a BOP with a minimum premium of $250 with a standard $3 million coverage limit.
Additionally, PHLY offers payment plans to nonprofits that pay $2,000 or more in premium.
Philadelphia Insurance Companies Coverages
Niche industries are PHLY’s bread and butter, which means it can usually offer coverage for businesses that other insurers decline. Its website claims it can write policies for more than 120 unique business types, and it’s designed special programs for some of its top industries.
PHLY has programs for the following industries:
- Public services: These include water and sewage plants, hospitals, and museums
- Habitation and construction: These include homeowners’ associations and affordable housing
- Sports: These include amateur and professional sports, motorsports, and martial arts training
- Entertainment and recreation: These include golf clubs, paintball businesses, and amusement parks
- Nonprofit organizations: These include community centers, mental health facilities, and hospices
PHLY’s nonprofit program includes useful coverage options, like medical payments for volunteers as well as cyber liability.
Philadelphia Insurance Companies Customer Reviews
Online reviews for PHY are difficult to come by, but the majority of them are positive and focus on the company’s affordable premium when compared to standard insurers. Most reviewers also found its claims process, which includes online claim reporting, very easy to do.
What Philadelphia Insurance Companies Is Missing
PHLY is a great provider for businesses that struggle to find coverage through standard carriers, and its online claim reporting is impressive. However, its website can be confusing. It’s sometimes hard to find the information you need, and the company does not offer online quotes.
How to Apply for Business Insurance With Philadelphia Insurance Companies
The easiest way for business owners to get business insurance from PHLY is to work with an agent. You can find your local agent through its website by scrolling to the bottom of the page and clicking on Local Offices.
In our search for the best small business insurance companies, we looked for key qualities including nationwide availability, specialization of insurance packaging, competitive pricing and favorable reviews. When choosing a provider for your small business, be sure that it is knowledgeable about your industry and how to best protect against your primary risks.
The Hartford makes finding an affordable and comprehensive policy easy. Its team of experts provide customized coverage options to meet your needs. Complete a short online questionnaire and receive a quote in minutes.