Choose the right coverage for your business with the guidance from experts
Get expert guidance on selecting the right coverage for your business. Find the best insurance options to protect your business and assets with our helpful tips.
As a small business owner, you have a lot on your plate. From managing daily operations to growing your customer base, it's easy for some things to fall by the wayside. One aspect that should never be overlooked, however, is business insurance. In today's litigious society, even the smallest mishap can lead to a costly lawsuit. To help you navigate the world of small business insurance, we've compiled information on several leading insurance providers, including Hiscox, The Hartford, Progressive Commercial, NEXT, B2Z Insurance, and State Farm. By understanding what each brand offers and the associated costs, you can make an informed decision and find the best coverage for your unique needs.
Hiscox: Comprehensive Coverage for Small Businesses
Hiscox understands the unique challenges faced by small business owners and offers tailored insurance solutions to protect against claims and lawsuits. Most businesses will need general liability insurance, with professional liability insurance recommended for those offering advice or services. For businesses with equipment, a business owners' policy (BOP) combining general liability and property coverage may be ideal. Costs will vary depending on your industry and business size, but most small businesses spend $30 or less per month for general liability insurance.
The Hartford: Protecting Your Livelihood
The Hartford recognizes that small businesses in various industries need insurance to safeguard their hard-earned livelihoods. Their coverage options help protect against accidents, natural disasters, professional errors, and workers' compensation claims. The cost of insurance will vary depending on your specific needs, but The Hartford provides an infographic to help you estimate the average cost of coverage for your business.
Progressive Commercial: Customized Insurance Solutions
Progressive Commercial offers the Progressive Advantage® Business Program for small business owners seeking customized insurance solutions. Their coverage options include general liability, business owners insurance (BOP), professional liability insurance, workers' compensation, and commercial auto insurance. Contact the company directly for a quote tailored to your business needs.
NEXT: Flexible Business Insurance Options
NEXT provides seven different types of business insurance policies, allowing you to design the coverage that best fits your business. Their offerings include general liability, workers' compensation, professional liability, commercial auto, tools and equipment, commercial property, and business owner's policies. Costs will vary based on your unique business risks and circumstances, so request a quote online for more information.
B2Z Insurance: Streamlined Business Owner's Policies
B2Z Insurance specializes in Business Owner's Policy (BOP) insurance, combining property and liability coverage into one convenient policy. Ideal for small businesses with a physical location or business personal property, BOP insurance provides protection against damage, theft, and liability claims. Legal defense fees and court costs are also covered in the event of a lawsuit. Contact B2Z Insurance for a personalized quote.
State Farm: Comprehensive Protection for Your Business
State Farm offers a wide range of coverage options for small businesses, including liability and property coverage in a combined Business Owners Policy (BOP). Additional coverages such as commercial auto insurance, commercial liability umbrella policies, workers' compensation, surety and fidelity bonds, and builders risk insurance are also available. Contact a local State Farm agent to discuss the right coverages for your business and receive a personalized quote.
Small business insurance is essential for protecting your livelihood and the assets of your business. Each insurance provider offers a range of coverage options and costs, so it's crucial to research and compare policies to find the best fit for your unique needs. By investing in the right insurance coverage, you can have peace of mind and focus on other aspects of growing your business.
