Business insurance protects you from the costs of lawsuits, property damage, injuries and data breaches. Common policies include general liability, professional liability (errors and omissions), commercial property, workers' compensation, commercial auto and cyber liability.
Many small businesses buy a business owner's policy (BOP), which bundles general liability and property cover at a lower price. Compare exclusions and limits carefully — the cheapest quote is often the narrowest cover.
What to look for
- Online quotes and instant certificates of insurance
- Bundled business owner's policies
- Claims filed online or by phone
- Add-on cyber and professional liability
- Monthly or annual payment options
- Licensed agent support
How pricing works
- Premiums depend on industry risk, revenue, payroll, location and claims history
- Higher deductibles lower premiums
- Bundling policies usually reduces total cost
- Annual payment is often cheaper than monthly
Model three-year cost with our total cost of ownership calculator.
Commonly evaluated Business Insurance providers
Selected by our editors as a starting point — not ranked, and not paid placements. Ratings appear only after genuine reviews pass moderation.
Hiscox
NEXT Insurance
The Hartford
Travelers
Chubb
biBERK
Questions to ask every vendor
- What exactly is excluded from this policy?
- Is cover on an occurrence or claims-made basis?
- What are the per-claim and aggregate limits?
- How quickly can you issue a certificate of insurance for a client?
- Who handles claims — the carrier or a third party?
Red flags
- Vague exclusions or definitions
- Pressure to bind before you see the full policy wording
- Unlicensed sellers
- Limits lower than your client contracts require
Frequently asked questions
Is general liability insurance legally required?
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Editorial content written by the BusinessReviews.com team following our editorial policy. Vendor names are trademarks of their owners. Verify current pricing and features with each vendor.