Business Insurance Providers (2024)

There are many insurance providers that offer business insurance. Some of the larger and more well-known companies include:

  • Allstate
  • Chubb
  • The Hartford
  • Liberty Mutual
  • Travelers

However, there are also many smaller and specialty insurance providers that may be a good fit for your business, depending on your industry and specific needs. It's important to shop around and compare quotes from multiple providers to find the coverage that is right for your business.

Business Insurance Providers (1)

Usaa business insurance

USAA (United Services Automobile Association) is a financial services company that primarily serves military personnel and their families. They offer a variety of insurance products, including business insurance. Some of the business insurance products offered by USAA include:

  • General liability insurance: Covers third-party claims of bodily injury, property damage, and personal injury (such as defamation or false advertising) that arise out of your business operations.
  • Business owner's policy (BOP): A package policy that combines general liability insurance with property insurance for your business.
  • Professional liability insurance: Covers claims of professional negligence or errors and omissions that arise out of your business's professional services.
  • Commercial auto insurance: Covers vehicles used for business purposes, including cars, trucks, and vans.

It's a good idea to contact USAA directly to learn more about the specific business insurance products and coverage options they offer and to get a quote for your business.

Commercial health insurance providers

There are many insurance providers that offer commercial health insurance, also known as group health insurance, to businesses. Some of the larger and more well-known companies that offer group health insurance include:

  • Aetna
  • Blue Cross Blue Shield
  • Cigna
  • Humana
  • UnitedHealthcare

When shopping for group health insurance, it's important to consider the needs of your employees and the type of coverage that will be most beneficial for them. Some factors to consider include the premiums, deductibles, copays, and out-of-pocket maximums for the plans being offered. It's also a good idea to compare quotes from multiple providers to find the coverage that is the best fit for your business and your employees.

Chubb business insurance

Chubb is a global insurance company that offers a variety of business insurance products to help protect companies against potential risks and losses. Some of the business insurance products offered by Chubb include:

  • Commercial general liability insurance: Covers third-party claims of bodily injury, property damage, and personal injury (such as defamation or false advertising) that arise out of your business operations.
  • Business owner's policy (BOP): A package policy that combines general liability insurance with property insurance for your business.
  • Professional liability insurance: Covers claims of professional negligence or errors and omissions that arise out of your business's professional services.
  • Commercial auto insurance: Covers vehicles used for business purposes, including cars, trucks, and vans.
  • Directors and officers liability insurance: Protects the personal assets of directors and officers of a company in the event of a lawsuit alleging wrongful acts in the course of their duties.

It's a good idea to contact Chubb directly to learn more about the specific business insurance products and coverage options they offer and to get a quote for your business.

Small business insurance

Small business insurance is a type of insurance that is specifically designed to protect small businesses against potential risks and losses. There are many different types of small business insurance, and the specific coverage that is right for your business will depend on the nature of your business and the potential risks it faces. Some common types of small business insurance include:

  • General liability insurance: Covers third-party claims of bodily injury, property damage, and personal injury (such as defamation or false advertising) that arise out of your business operations.
  • Business owner's policy (BOP): A package policy that combines general liability insurance with property insurance for your business.
  • Professional liability insurance: Covers claims of professional negligence or errors and omissions that arise out of your business's professional services.
  • Commercial auto insurance: Covers vehicles used for business purposes, including cars, trucks, and vans.
  • Workers' compensation insurance: Covers medical expenses and lost wages for employees who are injured on the job.

It's a good idea to speak with an insurance agent or broker to determine the specific coverage that your small business needs. They can help you assess the risks that your business faces and recommend insurance products that will provide the protection you need.

Small business insurance companies

There are many insurance companies that offer small business insurance. Some of the larger and more well-known companies that offer small business insurance include:

  • Allstate
  • The Hartford
  • Liberty Mutual
  • Travelers
  • MetLife

However, there are also many smaller and specialty insurance providers that may be a good fit for your small business, depending on your industry and specific needs. It's important to shop around and compare quotes from multiple providers to find the coverage that is right for your business. An insurance agent or broker can also be a helpful resource in finding the right insurance for your small business. They can help you assess the risks that your business faces and recommend insurance products that will provide the protection you need.

Nationwide business insurance

Nationwide is a financial services company that offers a variety of insurance products, including business insurance. Some of the business insurance products offered by Nationwide include:

  • General liability insurance: Covers third-party claims of bodily injury, property damage, and personal injury (such as defamation or false advertising) that arise out of your business operations.
  • Business owner's policy (BOP): A package policy that combines general liability insurance with property insurance for your business.
  • Professional liability insurance: Covers claims of professional negligence or errors and omissions that arise out of your business's professional services.
  • Commercial auto insurance: Covers vehicles used for business purposes, including cars, trucks, and vans.
  • Workers' compensation insurance: Covers medical expenses and lost wages for employees who are injured on the job.

It's a good idea to contact Nationwide directly to learn more about the specific business insurance products and coverage options they offer and to get a quote for your business.

State farm business insurance

State Farm is a large, well-known insurance company that offers a variety of insurance products, including business insurance. State Farm's business insurance products are designed to protect businesses from financial losses that can result from accidents, natural disasters, and other unexpected events.

Some examples of business insurance coverage offered by State Farm include:

  • General liability insurance: Covers claims of bodily injury or property damage that result from your business operations
  • Professional liability insurance: Covers claims of errors or omissions made by your business
  • Property insurance: Covers damage to your business property, such as buildings, equipment, and inventory
  • Business income insurance: Covers lost income if your business is unable to operate due to a covered event
  • Commercial auto insurance: Covers vehicles used for business purposes

State Farm's business insurance policies can be customized to meet the specific needs of your business. It's a good idea to speak with a State Farm agent to discuss your business insurance options and get a quote.

Business Insurance Providers (2024)

FAQs

Who provides the best business insurance? ›

Best Small Business Insurance Companies for May 2024
  • Best Overall: Next.
  • Best for Independent Contractors: Hiscox.
  • Best Restaurant Insurance: Huckleberry.
  • Best for Financial Stability: biBERK.
  • Best Budget Coverage: Thimble.
  • Best Workers' Compensation Insurance: The Hartford.
  • Best for Larger Small Businesses: Chubb.

What is the best type of insurance for a small business? ›

Business Owner's Policy (BOP)

A Business Owner's Policy (BOP) is one of the most popular types of insurance. It combines: General liability insurance. Commercial property insurance.

How much is LLC insurance in NJ? ›

Our analysis determined that Thimble is the best overall and cheapest provider for general liability insurance in New Jersey. On average, LLCs with 20 employees can expect to pay $66 monthly, while sole proprietors without employees pay $22 monthly.

What insurance is required for an LLC in New Jersey? ›

New Jersey business insurance requirements

Workers' compensation is the only type of business insurance required by New Jersey state law. Any business that has one or more employees can get coverage through a private insurance carrier or qualify to become self-insured.

Should I shop around for business insurance? ›

As a general rule, you'll want to get business insurance quotes from at least three different companies. To the greatest extent possible, the prospective policies should offer similar coverage so that you can clearly compare price.

What is the most common type of business insurance? ›

Commercial Automobile, Commercial General Liability, Commercial Umbrella, and Workers Compensation are the most common business casualty insurance lines.

How much is a $2 million dollar insurance policy for a business? ›

On average, an insurance policy that offers coverage for up to $2 million can cost about $30 a month in premiums.

What is the one type of insurance that every business needs to have? ›

General liability insurance is a core component of business insurance. It protects you from lawsuits filed by people outside your company alleging that your business caused bodily injury, property damage or harm to a reputation. All businesses should have general liability insurance.

Is business insurance tax deductible? ›

The IRS generally considers business insurance a cost of doing business, so your policy premiums may be deductible from your taxable income. A tax professional can ensure you fill out the proper paperwork to ensure you are taking advantage of all deductions available to you.

Do you have to pay for LLC every year in NJ? ›

Your LLC's New Jersey Annual Report costs $75 to file and is due at the end of your LLC's anniversary month. If you miss the filing deadline, the Division of Revenue won't charge you a late fee, but if your LLC stays delinquent for two years, the state will administratively dissolve your business.

Do you have to pay yearly for LLC NJ? ›

New Jersey LLC Annual Costs

The required ongoing costs for a New Jersey LLC will be $75 per year for your Annual Report. New Jersey Minimum Partner Tax (2 or more Members): If you have a Multi-Member LLC (2 or more Members) you must also pay a minimum partner tax of $150 per Member (per year).

How much is general liability insurance for a small business in NJ? ›

General Liability Insurance New Jersey | As low as $33/month.

How much does business insurance cost in NJ? ›

Our customers paid an average of $1,067 annually, or about $89 a month, for business insurance coverage in New Jersey. For workers' compensation insurance, customers in New Jersey paid an average of $1,079 annually, or about $90 a month. Since every business is unique, small business insurance costs vary in New Jersey.

How much is business insurance in New Jersey? ›

Average small business costs
Types of coverageAverage monthly costs
General liability insurance$42
Business owner's policy (BOP)$57
Professional liability insurance$61
Workers' compensation insurance$45
3 more rows
Nov 5, 2023

Who is the highest insurance company? ›

By net premiums written
RankCompanyNet premiums written (US$ Billion)
1UnitedHealth Group201.5
2Ping An Insurance118.8
3China Life Insurance111.2
4Centene Corporation107.4
21 more rows

Is it best to have all your insurances with one company? ›

Whether it's personal assets or professional assets, you have a lot to protect. But that doesn't mean you need to use multiple insurers to do it. In fact, having your home, auto and business policies with one company can help you save – time, money and a whole lot of trouble.

What insurance company has the most policy holders? ›

Top 10 Largest Auto Insurance Companies
  • State Farm. 16.84% 9.4.
  • Geico. 14.05% 9.1.
  • Progressive. 13.76% ...
  • Allstate. 10.69% 8.8.
  • USAA. 5.92% 9.2.
  • Liberty Mutual. 4.95% ...
  • Farmers Insurance. 4.55% 8.6.
  • Travelers. 2.11% 9.5.
Apr 11, 2024

Top Articles
Latest Posts
Article information

Author: Melvina Ondricka

Last Updated:

Views: 6473

Rating: 4.8 / 5 (68 voted)

Reviews: 83% of readers found this page helpful

Author information

Name: Melvina Ondricka

Birthday: 2000-12-23

Address: Suite 382 139 Shaniqua Locks, Paulaborough, UT 90498

Phone: +636383657021

Job: Dynamic Government Specialist

Hobby: Kite flying, Watching movies, Knitting, Model building, Reading, Wood carving, Paintball

Introduction: My name is Melvina Ondricka, I am a helpful, fancy, friendly, innocent, outstanding, courageous, thoughtful person who loves writing and wants to share my knowledge and understanding with you.