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In our increasingly litigious society, it's wise to get the right coverage to protect you in the event that someone falls while visiting your business, your location is damaged during adverse weather conditions, or an employee is injured while on the job. In fact, many states - and many industries - require such coverage just to remain in operation.
However, getting the best policy for your needs can be a frustrating process. Insurance is one of those areas where you spend money on a product you hope you'll never need, yet you're grateful to have it when the unexpected occurs. How can you tell exactly what types of coverage you need and how much? Rather than going directly to a local agent, who may not have the small business expertise to help you answer those questions, you may want to start the process online.
Monday, January 25th
Hiscox has long earned our highest rating for business insurance. The company has been around for over 100 years, and more than 300,000 small businesses have been insured through their policies. These clients have nothing but glowing praise to offer for Hiscox's speed in getting coverage in place and for top-notch service throughout the entire term of service. Most small businesses will find that Hiscox is exactly what they need.
If you've ever wished for the ability to get business insurance as a freelancer, contractor or event planner without being locked into lengthy contracts and expensive premiums, you're going to love Thimble. This is the only insurer we've found that lets small businesses and service providers get immediate coverage for the timeframe of their choosing - even for just an hour or a weekend! Thimble has a stellar reputation, offers unmatched transparency in their online quote process, and is a terrific alternative to traditional business insurance plans. This is one of two insurers that earns our highest recommendation.
Allstate has vastly improved their user experience for business owners shopping for insurance. As long as you enter accurate information about your company, you should have no problem getting a quote through their website. Allstate specializes in customized packages for a variety of industries, so that you're only paying for the coverage you need.
USAA is an option for business owners who are active duty or retired military, as well as their spouses and children. They offer 7 basic types of coverage, though some companies may find that USAA redirects them to a third-party insurance partner for their policies. Unfortunately, this insurer's rating with the BBB has dropped over the years, and we recommend that you consider quotes from several different insurers before committing to coverage through USAA.
CoverWallet has moved up in our rankings since our last evaluation, mostly due to an improved reputation with the BBB. This referral service offers an impressive array of coverage types ranging from basic General Liability policies to industry-specific policies like Marine and Liquor Liability. However, the lengthy online application process still left us needing to speak with an advisor to actually get a quote, and some customers had issues with policies being canceled with no notice.
General Liability Insurance is an agency that can connect you with various types of coverage for your business. But, on your journey to get the right policy for your needs, this platform will pass you along to more than one third-party company before you're insured. Your experience is more likely to be hassle-free if you choose a higher-ranked service in our review.
netQuote is an insurance referral service: if you enter your information for a quote here, be prepared to get almost immediate calls and emails from agents in your area. Both agencies and customers complain in equal measure about this service: insurance agents pay for fake (or uninterested) leads, while businesses just wanting a basic quote on coverage wind up being contacted by pushy representatives. This is our least favorite resource for getting business insurance quotes.
Many of the largest names in the insurance industry offer a wealth of information on their websites, to help narrow down what kind of policy is best for your company so that you don't purchase coverage you don't need. Better yet, there are many options for getting an insurance quote online without any pushy sales tactics.
As you consider the different options for getting business insurance coverage, here are several criteria to keep in mind:
TopConsumerReviews.com has reviewed and ranked the best business insurance providers available today. We hope this information helps you get the coverage you need to protect your company from expensive lawsuits, liability claims, and other unforeseen situations!
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