Ensuring the safety of your small business in today’s dynamic business landscape is paramount. A key aspect of this protection is securing adequate general liability insurance. For small companies, general liability insurance is essential since it defends against third-party claims of property damage, physical harm, and other things. It’s crucial for preserving the financial stability of your business. We’ll look at leading suppliers today and what sets them apart in the crowded insurance industry.
When selecting an insurance carrier, consider coverage options, pricing, insurer reputation, and level of customer service. We’ve evaluated a few of the best insurance companies for your convenience.
Best overall
The Hartford: The best general liability insurance for small businesses overall is offered by The Hartford. The company has been in operation for over 200 years and provides coverage to more than 1.5 million small business owners across the United States.
Hartford’s general liability insurance protects your business from third-party claims of bodily injury, property damage, advertising injury, and other risks. They offer an excellent selection of coverage options, including workers’ compensation, commercial auto insurance, home-based business insurance, inland marine insurance, management liability insurance, surety bonds, and other policies that you might require.
You can receive quotes online, and they offer an online claim reporting system. If you require assistance filing a claim or have questions about your coverage, you can reach a customer service agent 24/7.
Best customer satisfaction
Nationwide: Nationwide offers general liability insurance to small companies across a range of sectors. Contractors, wholesalers, restaurants, gift shops, auto shops, florists, dry cleaners, and HVAC companies are among the occupations covered by this policy.
Nationwide provides various endorsements that can be added to their general liability insurance policy. These endorsements include hired and non-owned car insurance, directors and officers liability insurance, fire legal liability insurance, products and completed operations liability insurance, and umbrella liability insurance. These options allow for a customized general liability insurance policy that meets the specific needs of the individual or business.
Nationwide provides insurance services as well as employee benefit plans. These consist of choices for life insurance, additional health insurance, and other perks that companies might offer to their staff members.
Best Comprehensive Coverage
Hiscox: If you’re a small business owner seeking general liability insurance, Hiscox is an excellent choice. They offer a wider range of coverage than other insurers, including international insurance coverage for specific events and additional payments in the event of a claim.
If you own a consulting or technology services company, a general liability insurance policy from Hiscox offers all the essential coverages plus $25,000 in electronic data liability coverage.
Your employees are automatically covered by Hiscox’s general liability insurance, which is an additional benefit. Your basic general liability insurance coverage covers the conduct of volunteers, temporary employees, and part-timers.
Hiscox provides the most popular choices in terms of endorsements, such as professional liability, cyber security, workers’ compensation, and commercial auto insurance. Hiscox also sells short-term liability insurance underwritten by Thimble if you only need coverage for a certain period of time.
Most affordable
Thimble: For small enterprises, Thimble offers some of the most reasonably priced general liability insurance. Thimble’s website states that the company’s general liability insurance plans begin at around $17 a month.
The adaptability of coverage is among Thimble’s most distinctive properties. Depending on your company’s requirements, you may get insurance for a day, a month, or even a year. Obtaining a quotation online and buying coverage in minutes is simple. Furthermore, you can change, suspend, or end your coverage whenever you choose.
Upon obtaining general liability insurance, you can view and provide your Certificate of Insurance (COI) to as many clients as necessary at no additional expense.
Though less numerous than some of its rivals, Thimble has a respectable assortment of coverage alternatives. Depending on your state, you can obtain business equipment protection insurance, workers’ compensation insurance, cyber insurance, product liability insurance, hired and non-owned car insurance, and a few more types of insurance.
Best for Self-Employed
Next: Next Insurance is an excellent choice for self-employed individuals who own small businesses. You can choose the coverage you need, regardless of whether you have a team of ten employees or a sole proprietor. Additionally, you can customize your insurance by adding endorsements to ensure the best possible protection. Next General Liability Insurance has over 1,300 clients, including independent contractors, Amazon sellers, actors, therapists, fitness instructors, event coordinators, inspirational speakers, pressure washing services, and many more.
In addition to general liability insurance, Next provides business owner’s policies, cyber insurance, umbrella insurance, liquor liability insurance, contractor license bonds, professional liability insurance, commercial auto insurance, and tools and equipment coverage.
Next is entirely online and accessible through its mobile app, but if you need help, you may connect with a live representative. Online or through the app, it’s simple to submit a new claim or to find out the status of one that already exists. Next tries to settle all insurance claims in less than 48 hours, so you can anticipate receiving your money back quickly for any damages incurred.
Do You Have Questions Regarding Your Insurance Needs?
Let our knowledgeable team of award-winning insurance agents help. We provide a wide range of affordable insurance solutions for people from all walks of life. Whether you are seeking insurance for your home, auto, business, life, or health, our team of licensed insurance agents will help you find the best coverage for your specific needs at the best possible rates.
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