Business Insurance

Best Insurance for Small Business Owners: Top 4 Companies to Consider for Your Business and Professional Insurance Needs

As a small business owner, you know that you don’t have a lot of money to lose. Even big businesses have difficulty recovering from losses due to lawsuits and really bad PR. Damage control really isn’t easy, and that’s why business insurance is essential. It will at least help with things like lawsuits from people injured on your property. No matter what kind of work you’re involved in, it’s worth looking into the best insurance for small business owners.

What the “best” insurance is for you depends on the industry you’re involved in, size of your company, number of employees, and how much risk you are willing to take – or can afford to take.

There are many companies that claim to offer the “best” insurance for small business owners, but not all of them do. Here is a list of a few good companies you really might want to consider.

Next Insurance

This company has tons of high ratings all across the board – including A+ with the BBB. It is trusted by over 100,000 small business owners and professionals. Next Insurance also specializes in commercial automobile insurance and workers compensation if that’s what you’re interested in. The only downside is that it might not be your best option if you just need a BOP.

The Hartford

There are many good things that can be said about this provider – especially considering that it is highly reputable and trusted by all industries. The Hartford even tailors business insurance coverage to cover the unique needs and risks of each individual company. You might even be able to qualify for up to 5% in discounts by bundling several insurance products.

biBERK (Berkshire Hathaway)

This Berkshire Hathaway company offers some of the best insurance for small business owners in most states. All if the major insurance subsidiaries associated with this group are rated AAA by Standard & Poor’s Corporation. There are useful maps listed on the biBERK website that show which states its various products are available in.

Hiscox Insurance

If price and decent customer service are your primary concerns, you can’t go wrong with this option. It’s been expanding and now offers services in 49 states. What stands Hiscox apart from the others is its competitive pricing. There are affordable solutions for companies of all sizes as well as professionals. You can expect real-time online quotes, tailored plans, and flexible coverage.

Now you have an idea of where to find best insurance for small business owners. Just take the time to compare rates and plans.

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