Small Business Insurance

Best Small Biz Insurance in the US

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Last Updated:
December 2024

Our rating system - FinSpot Star Ratings are based on editor research and expertise. Please do your own research before making any financial decisions.

Best Coverage
1
9.8
FinSpot Rating
Quick-thinking insurance for fast-moving businesses
  • Buy a policy online, in the app, or over the phone in minutes
  • Get coverage by the job, month, or year
  • Modify, pause, or cancel instantly if work slows down or hiring picks up
Audience Favorite
2
9.5
FinSpot Rating
WE’RE 100% DEDICATED TO SMALL BUSINESS.
  • Tailored business insurance. Zero hassle. Big savings.
  • Let’s find the coverage you need for your business.
  • Choose your primary industry to get started!
3
9.1
FinSpot Rating
Business Insurance Simplified
  • Competitive prices from A+ rated insurers
  • Online, no paperwork. Your policy will be emailed instantly.
  • Over 25,000 small businesses in the U.S have used BizInsure
Compare Plans
4
8.9
FinSpot Rating
Want better insurance? Meet Simply Business.
  • Tell us a bit about your business
  • Select your preferred insurer and price
  • Get back to running your business
5
8.4
FinSpot Rating
The Insurance Savings You Expect
  • GEICO offers a range of insurance policies for almost any type of business
  • Get instant access to claims and your policy
  • General Liability, Business Owners, and more!
6
8.3
FinSpot Rating
Big coverage for small business
  • Fast and affordable, from America’s leading small business insurer
  • Hiscox provides protection for hundreds of professions
  • Not sure what you need? Find out in 20 seconds with our quick survey
7
8.0
FinSpot Rating
Stay a step ahead and protect your business
  • Customizable coverage for businesses of all types and sizes
  • Risk management solutions to meet your business needs
  • State-of-the-art commercial insurance products
The Best Providers & the Best Policies of 2024
1
Thimble
Quick-thinking insurance for fast-moving businesses
  • Buy a policy online, in the app, or over the phone in minutes
  • Get coverage by the job, month, or year
  • Modify, pause, or cancel instantly if work slows down or hiring picks up

Thimble makes insurance simple. From handymen and photographers to retailers and restaurants, we make it possible for every business, no matter how new or small, to take on their next opportunity.

We put small businesses in control.

You didn’t start your dream business for the thrill of buying insurance. That’s why we work hard to make insurance easier, faster, and more accessible, whether you just started in your garage this morning or you’re celebrating the 10 year mark. To make that happen, we’ve ditched the insurance industry’s dusty and complicated process to bring you a modern, straightforward experience: no blood, no sweat, no tears.

Why We Do It All: We don’t just serve small businesses, we take the time to learn their stories too. Whether we’re helping them get started or celebrating their wins, we’re always enthusiastic to bring the spirit of small business into everything we do.

Why we chose Thimble: Because of their (not so) secret sauce.

  • Simple: Fewer questions. More options. Buy a policy online, in the app, or over the phone in minutes. Get to work before the other guys even call you back.
  • Scalable: Any size. Every stage. Get coverage by the job, month, or year. Choose how you pay, then upgrade when business really takes off.
  • Flexible: Total Control. Seamless edits. Modify, pause, or cancel instantly, whether work slows down or hiring picks up.
2
NEXT
WE’RE 100% DEDICATED TO SMALL BUSINESS.
  • Tailored business insurance. Zero hassle. Big savings.
  • Let’s find the coverage you need for your business.
  • Choose your primary industry to get started!

The needs of business owners have significantly changed over the past decade, the insurance industry hasn’t.

When you’re running your own business, you’re placing a huge bet on yourself. Your ideas, your passion, your blood, sweat and tears define your success. NEXT Insurance was created to give your business the coverage it deserves. Simple, affordable and tailored. So no matter what you do, no matter how you define success, we’re right there, next to you.

Life happens and sometimes things can go wrong. At the moment of truth, when you need us the most, we want to be there. To guide, to help, to solve. That’s why we have raised the bar on service, bringing most of our claims adjudication in house.

At NEXT Insurance, we make sure claims are investigated as soon as possible, with many being decisioned within 48 hours, so you can get back to what matters to you the most.

Why we chose NEXT: With a 4.7/5 rating and over five hundred thousand customers that trust NEXT Insurance, unbelievable insurance is a reality. Serving more than one thousand types of businesses, tailored policies for your needs are just a few clicks away.

3
BizInsure
Business Insurance Simplified
  • Competitive prices from A+ rated insurers
  • Online, no paperwork. Your policy will be emailed instantly.
  • Over 25,000 small businesses in the U.S have used BizInsure

Fast, Simple, and Convenient. We believe insurance should reduce the stress that comes with operating a business, rather than adding to it. Take advantage of our smart online platform for peace of mind in minutes.

We believe the insurance industry is overdue for a change. The way business is being done is changing daily, but the insurance industry has been slow to catch up. Brokers are doing the same things today as they were a century ago, and until now there was no alternative. BizInsure offers a new way of buying business insurance online. We are committed to providing unparalleled access to affordable and reliable end-to-end insurance solutions.

  • Multiple quotes from A-rated insurers
  • Buy Insurance in 10 minutes
  • Get coverage instantly
  • Switch and save on your insurance

Why we chose BizInsure: They are an insurance agency that combines knowledgeable, licensed human support with the simplicity and affordability of technology. With BizInsure, you can ‘Click or Call’ to compare top rated business insurance quotes, and buy online or over the phone. Your certificate of insurance will be emailed instantly and you will have access to their licensed agents for the entire time that you remain a BizInsure customer.

4
Simply Business
Want better insurance? Meet Simply Business.
  • Tell us a bit about your business
  • Select your preferred insurer and price
  • Get back to running your business

We're different. We're built for small businesses.

You're different, too. It's your business. It should be your insurance as well. We offer the coverages small businesses need most. And you tailor the coverage for what you do and what you need.

We do the heavy lifting. We check availability and prices from top national carriers for you. No running around. No multiple forms to complete. And no annoying calls and emails from dozens of companies.

We're insurance pros and small business champions. We've got an ever-expanding online resource center with helpful articles for starting and running a business. We've got free tools and templates. And we've got guides for businesses in every state in the U.S.

Why we chose Simply Business: They cover HUNDREDS of types of businesses, so we know you'll find the coverage you need. They also offer various forms of insurance, like workers comp, professional liability, general liability, and errors & omissions insurance! They simplify insurance so you can focus on doing what you do best: Building your business!

5
Geico
The Insurance Savings You Expect
  • GEICO offers a range of insurance policies for almost any type of business
  • Get instant access to claims and your policy
  • General Liability, Business Owners, and more!

Business insurance, also known as commercial insurance, can help protect your business from unexpected expenses related to property damage, legal liability, workers' compensation, and more. Having the right insurance policy can make all the difference when you really need it. Help protect your business against financial risk with a business insurance policy that's right for you.

Business Owners Policy (BOP): Two coverages you need, combined in a single policy. See why businesses trust GEICO to help them with their business insurance needs with coverage for...

  • Bodily injury or property damage
  • Defense costs for covered liability losses
  • Business furniture and equipment

General Liability Insurance(CGL): Can help cover your business while performing normal operations. Coverages include:

  • Physical injury liability
  • Property damage liability
  • Lawsuits costs for covered losses

Why we chose Geico: they offer a range of business insurance policies for almost any type of business, including liability coverage, commercial vehicle insurance, cyber liability, and much more. Browse their selection to get more information about the business insurance that's right for you!

6
Hiscox
Big coverage for small business
  • Fast and affordable, from America’s leading small business insurer
  • Hiscox provides protection for hundreds of professions
  • Not sure what you need? Find out in 20 seconds with our quick survey

Supporting the courageous since 1901. As experts in risk, we give people and businesses the confidence to realize their ambitions. With roots dating back to 1901, we have the expertise to challenge convention and find a better way.

With over 500,000 small business customers, we understand the unique risks each business faces. Our coverage lets you take the right risks so you can grow your business, even as you protect against what you can’t see coming.

Encourage Courage. We insure, support and inspire our customers by protecting the businesses they’ve worked so hard to build. We encourage courage in our customers, our brokers, and ourselves.

Why we chose Hiscox: At Hiscox, their values have always been the barometer by which they hold themselves and each other accountable. Their values guide the way they behave, for the good of themselves and the good of their customers, business partners and investors. Hiscox conducts business with high ethical standards, operating in accordance with all legal and regulatory requirements. It is their expectation that partners do the same.

7
Chubb
Stay a step ahead and protect your business
  • Customizable coverage for businesses of all types and sizes
  • Risk management solutions to meet your business needs
  • State-of-the-art commercial insurance products

Chubb Small Business leverages superior underwriting expertise and world renowned claims, account services, and financial strength to offer solutions for small businesses with up to $30M in revenue.

At Chubb, we recognize that not all coverages fit the needs of every business. That is why we crafted a customizable suite of state-of the-art commercial insurance products to fit your company’s specific needs. Explore our full suite of small business insurance products:

  • BOP
  • Workers Comp
  • Management and Professional Liability
  • Foreign Package
  • Cyber Enterprise Risk Management
  • Digitech ERM for Small Business

Why we chose Chubb: Chubb is the world’s largest publicly traded P&C insurance company and the leading commercial lines insurer in the U.S. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.

Common Forms of Small Business Insurance

General Liability Insurance: General Liability Insurance is a fundamental coverage for small businesses, offering protection against claims of bodily injury or property damage caused by your business operations. It also covers legal fees and settlements, providing financial security and peace of mind.

Property Insurance: Property Insurance safeguards your business assets, including buildings, equipment, and inventory, from risks like fire, theft, or natural disasters. This coverage ensures that the financial burden of replacing or repairing damaged property doesn't cripple your business.

Professional Liability Insurance (Errors & Omissions): Professional Liability Insurance, often known as Errors and Omissions (E&O) insurance, is crucial for service-based businesses. It shields against claims of negligence or inadequate work, covering legal expenses and potential settlements that may arise from dissatisfied clients.

Business Interruption Insurance: Business Interruption Insurance is designed to help businesses recover from unexpected disruptions. It provides financial support during periods when operations are halted due to covered perils, helping cover ongoing expenses like rent, salaries, and utilities.

Workers' Compensation Insurance: Workers' Compensation Insurance is a legal necessity for businesses with employees. It covers medical expenses and lost wages for employees who are injured or become ill while on the job. This coverage not only protects employees but also shields businesses from potential lawsuits related to workplace injuries.

Commercial Auto Insurance: If your business uses vehicles for work-related purposes, Commercial Auto Insurance is essential. It covers damages to company-owned vehicles, as well as liability for accidents involving these vehicles. This coverage ensures that your business can continue operations even if a vehicle is damaged.

Cyber Liability Insurance: In an era dominated by digital operations, Cyber Liability Insurance is crucial. It protects small businesses from the financial fallout of data breaches and cyberattacks by covering the costs of notifying affected parties, recovering compromised data, and legal expenses associated with such incidents.

Product Liability Insurance: For businesses involved in manufacturing or selling products, Product Liability Insurance is vital. It offers protection in case a product causes harm or injury to a consumer. This coverage helps manage legal costs and potential settlements, ensuring the financial stability of the business.

Employment Practices Liability Insurance (EPLI): EPLI protects businesses against claims related to employment practices, such as wrongful termination, discrimination, or harassment. It covers legal costs and potential settlements, offering a layer of defense for businesses facing employment-related disputes.

Commercial Umbrella Insurance: Commercial Umbrella Insurance provides additional liability coverage beyond the limits of your primary liability policies. It acts as a financial safety net, offering increased protection in case a lawsuit exceeds the limits of your general liability, auto liability, or other primary policies. This extra layer of coverage can be crucial in protecting your business from substantial financial losses.

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