Insurance

General Liability Insurance For Small Business

Published

2 years ago

July 2, 2022

Firoz

General Liability Insurance For Small Business

Small business general liability insurance

Take a look at our guide to better understand the insurance needs of smaller operations and find the best business insurance provider for you.

7 Best small business general liability insurance companies

Every business has different assets to protect and you want the best. Here are 7 Best Small Business Insurance providers of our top picks for business insurance.

Best Overall: State Farm

State Farm is one of the best overall small business insurance companies because it offers multiple types of coverage through a nationwide network of agents. What’s more, State Farm agents are business owners, so they understand the needs of other small business owners.

Best for Independent Contractors: Hiscox

Hiscox wins the top spot for independent contractors because they have products designed and priced specifically for independent contractors and freelancers.

Best General Liability Insurance: Nationwide

Nationwide as our best general liability provider because the company is a business insurance carrier that focuses on simple, straightforward insurance solutions, which is ideal for businesses with high-risk, general liability needs. Nationwide also received an A++ Superior rating from AM Best for financial stability.

Best Workers’ Compensation: The Hartford

The Hartford is our top workers’ compensation provider because of the special benefits it offers employers such as pay-as-you-go plans. These plans drastically lower the chances of over-or under-paying premiums because costs are based on actual payroll instead of projections.

Best Commercial Property Insurance: Travelers

Travelers as our best commercial property insurer because the company has developed extensive experience in the space, having been ranked the top commercial property insurance company in the United States by premiums written for multiple years and narrowly coming in second place in 2021.

Best Business Owners Policy: Liberty Mutual

Liberty Mutual is the best insurer for BOPs because the company has a fast and easy process with a streamlined business owner’s policy available for many different industries that combine coverage in one cost-effective policy.

Best Commercial Auto: Progressive Commercial

Progressive as our best insurer for commercial auto insurance because it is the largest specialist in this space and knows how to handle business auto claims better than anyone. Progressive was founded in 1937 and is the biggest commercial auto insurer in the United States.

The best way to start your business insurance plan is to identify which types of insurance. you need and which are optional, and then figure out which you can afford. You may want to consult with your lawyer or a licensed insurance agent at this stage. Once you have a solid idea, start to compare plans. Most companies offer free quotes that will give you a good starting point.

From there, you can reach out to the companies. that seems like the best fit and works with licensed insurance. agent to find the right policy for you. Once you buy coverage, get your Certificate of Insurance (COI) and keep physical as well as digital copies of it. Some providers allow you to access your COI easily through their platform. so consider this in your search if this is of importance to you. You may be required to display your COI in your place of business — check out your local laws to know