What types of business insurance are available?

There are two main areas of coverage: business liability and commercial property. The former is used in the event that someone holds your company liable for injury, damages or loss; the latter covers damaged or stolen business property, plus any buildings you own (not lease).

Why do I need insurance coverage for my business?

Unless you've got money to burn, you need insurance coverage to protect you from any number of unexpected situations: a slip-and-fall at your store, an employee injury at your warehouse, or damage to a customer's home during a project, just to name a few. Lawsuits, medical bills, and property damage claims get expensive, and business insurance helps mitigate those risks and costs.

Am I legally obligated to have business insurance?

That will depend on several factors, including but not limited to state laws where your business operates and any licensing requirements for your specific industry. If you have employees, you'll likely be required to have workers' compensation coverage, and any vehicles owned by your business (and not you as an individual) need a commercial auto insurance policy.

What type of business insurance should I get?

That also depends on your state and your industry. At a minimum, expect that you'll need general liability insurance (which is often required as part of a client contract or commercial lease), plus workers' comp if you have employees and commercial auto if your company owns vehicles. Beyond that, you'll need to consider how your business operates and what specific types of policies might be required or just a good idea (such as Liquor Liability if you own a bar).

Is business insurance expensive?

As with any other type of insurance, your premiums for business policies depend on many factors: the size of your company and number of employees, desired coverage limits, annual revenue and business location. However, most small businesses pay $65/month on average for General Liability coverage, $99/month for Business Owner Policy (which bundles property insurance with general liability), and $111/month for Workers Compensation.

Are there short-term options for coverage?

It's true that most insurers only offer standard one-year policies, with prorated refunds if you cancel before the 12 months are up. But, with more and more people working in non-traditional ways (gig economy, freelancers, event specialists, and so on), the business insurance industry is evolving to keep up. There's at least one company that specializes in business insurance with short-term options: hourly, daily, monthly, depending on the company's needs.

Are my premiums tax deductible?

Typically, yes! The premiums for your policy are a business expense and can be deducted like any other cost.

Is it safe to get my business insurance policy online?

Absolutely. Some of the biggest names in the insurance industry allow business owners to get quotes directly through their websites. Other insurers specialize in online-only service, allowing you to get your quote, policy, and proof of coverage with just a few clicks. Of course, you should do your due diligence and select an insurer with a strong reputation before committing to a business insurance policy.

Best Business Insurance Providers for March 2026

Item: The Best Business Insurance Providers - Summary Reviews
Rating: 5
Author: Top Consumer Reviews

Monday, March 9th We evaluate products and services based on unbiased research. Top Consumer Reviews may earn money when you click on a link. Learn more about our process.

2026 Business Insurance Provider Reviews

Where can you find the best business insurance online? Entrepreneurs have a lot of things to consider when starting a company - what kind of business they'd like to be in, where they will house their offices, how they'll advertise, whether they should incorporate, and if they will want to have employees or do things on their own. One thing is clear though: small business owners realize that typically they'll need help to protect what they've built, which is where business insurance comes in.

5.0

EXCELLENT

Best Option

Thimble

Speedy coverages offered for business insurance including general liability, equipment protection, workers' compensation, cyber insurance, and others
Policy options tailored to your business' needs
Highly rated app allows instant access to certificate of insurance

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EXCELLENT

5.0

On the Thimble website

Offering a full range of coverages that small businesses require, Thimble insures thousands of different professions in a wide range of industries. Since Thimble's start in 2016, more than 151,000 companies have obtained policies with them. Coverage may be purchased for a particular job or event, a specified period of time, or even monthly, in addition to the traditional annual policy. Their highly-rated app and speedy coverage make them stand out in a crowded field of business insurance providers. The excellent reputation of Thimble combines with these benefits to put them at the top of our list of places to get business insurance online.

4.5

GREAT

Great

Hiscox

General liability, professional liability (E&O), business owner's policy, and cyber security offered
Customizable policies to meet your specific needs
14-day guarantee

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GREAT

4.5

On the Hiscox website

Worldwide business insurer Hiscox started protecting America's small businesses 125 years ago with the types of policies entrepreneurs need most. Growing to safeguard hundreds of professions as the business world has evolved, Hiscox continues as a trusted name in the industry with an excellent reputation overall, though recent complaints are a mark against them. While they offer the main coverages small business owners want, some are provided through partner companies instead of directly through Hiscox. Overall, Hiscox offers an excellent option for those looking at small business insurance online.

4.0

VERY GOOD

Very Good

BizInsure

Coverages offered are general liability, professional liability (E&O), workers' compensation, and business owner's
Third-party broker for top-rated insurers
Quick online quote process with policy issued via email

Read Full Review

VERY GOOD

4.0

On the BizInsure website

Allowing you to check out multiple providers in one place, BizInsure stands out as a reputable marketplace for small business insurance options. For 14 years, entrepreneurs have turned to this one-stop shop for the most popular coverages. Speedy quotes from well-respected insurance providers, combined with excellent reviews, make BizInsure a top choice as a referral platform.

3.9

VERY GOOD

Very Good

NEXT Insurance

Offers general liability, workers' compensation, business owner's policy, professional liability (E&O), tools & equipment, commercial auto insurance, employment practices liability, liquor liability, and LLC business insurance
Policies are customizable
Highly rated app for iOS and Android

Read Full Review

VERY GOOD

3.9

On the NEXT Insurance website

With a fully online quote and application process, NEXT Insurance by Ergo offers the coverage options that most small business owners need as well as a couple others that many insurance companies on our list don't have. A newer provider in the industry since the company's launch in 2016, they've already covered three-quarters of a million customers in 1,300 different professions. Customizable policies, a useful app, and the fast claims process are benefits of getting covered by ERGO NEXT Insurance. Though a slightly lower rating from the BBB blemishes an otherwise excellent reputation, the company has earned a spot near the top of our recommended online business insurance providers.

3.5

GOOD

Good

The Hartford

Business owner's policy and workers' compensation available online while professional liability, general liability, data breach (cyber liability), waiver of subrogation, hired & non-owned auto, commercial auto, and others require a phone call
Highly-rated app
"A+" rating from the BBB

Read Full Review

GOOD

3.5

On the The Hartford website

Since 1810, The Hartford has been a trusted name in American insurance. Offering small business insurance for 26 industries, they present only two policy types as online options. Despite thousands of positive reviews on their own website, their reputation takes a big hit with complaints and negative reviews, making The Hartford an above-average but not-perfect option when considering business insurance online.

3.0

AVERAGE

Average

USAA

Membership in USAA required, which is only open to military, veterans, and some governmental agencies
Business owner's policy, general liability, professional liability (E&O), umbrella insurance, workers' compensation, cyber insurance, and commercial auto insurance offered
Offers other insurance and banking products to members

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AVERAGE

3.0

On the USAA website

Members-only USAA has been around since 1922, offering insurance products of all types for individuals who have served in the military. They added business insurance to help their members secure many of the most popular types of coverage entrepreneurs need using an easy online quote process. However, a recent decline in reputation, combined with their exclusivity, puts them as just an average choice on our list for online business insurance.

2.5

FAIR

Fair

InsuranceBee

General liability, professional liability (E&O), business owner's policy, cyber liability, workers' compensation, directors and officers, and management liability coverages offered
Licensed in 39 of 50 states, plus D.C.
Independent insurance broker

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FAIR

2.5

On the InsuranceBee website

Independent insurance broker InsuranceBee started in 2010 to provide business coverage for entrepreneurs in 39 states. While they offer most of the coverage types that small businesses want and need, they act as a broker for just one insurer, with no additional benefits of acting as the middleman. The low number of mixed reviews available combined with licensing in fewer states places InsuranceBee as a below-average choice among the options for business insurance.

2.0

SUBPAR

Subpar

Aon Affinity

Covers five specific industries: healthcare, law firms, dental firms, accountants, and nonprofits
Professional liability (E&O) and cyber insurance offered
In business since 1947

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SUBPAR

2.0

On the Aon Affinity website

Limiting their coverage options to specialize in just five industries, Aon Affinity is part of one of the largest insurance brokers in the world. They only offer a couple of business coverages for the industries listed, which makes them less than optimal. Also, the online quote process is complicated and details are difficult to obtain for each different insurer on the platform. All in all, Aon Affinity doesn't offer what most entrepreneurs need, making it a less than desirable option for business insurance.

1.5

WEAK

Weak

Allstate

Commercial auto insurance offered by Allstate via phone
Acts as broker for NEXT to offer general liability, commercial property, business owner's policy, workers' compensation, business interruption, employment practices liability, professional liability (E&O), equipment breakdown, data compromise (cyber liability), and home-based insurance coverage
App available for iOS and Android

Read Full Review

WEAK

1.5

On the Allstate website

While Allstate may be a recognized name in the insurance industry, their business coverages are mostly provided through a partner insurer. The website is unclear what benefit buying through Allstate instead of the partner will offer. When considering their terrible reviews and dismal reputation, we suggest seeking coverage elsewhere.

1.0

POOR

Poor

netQuote

Coverages offered are general liability, business owner's policy, commercial auto, workers' compensation, commercial property, professional liability (E&O), directors & officers liability, and commercial crime
Lead-generating website
In business since 1989

Read Full Review

POOR

1.0

On the netQuote website

Saying they are the most visited insurance website, netQuote wants business owners to input their information for a quote they don't provide. The lead-generation company instead shares the information to connect you with their partners to provide quotes, though online reviews are bad. Time is money, and we recommend you don't waste any of it filling out the forms here. netQuote is a platform to avoid.

Continued from above...

Where Can You Find the Best Business Insurance Online?

Entrepreneurs have a lot of things to consider when starting a company - what kind of business they'd like to be in, where they will house their offices, how they'll advertise, whether they should incorporate, and if they will want to have employees or do things on their own. One thing is clear though: small business owners realize that typically they'll need help to protect what they've built, which is where business insurance comes in.

In today's litigious society, it's essential for companies to protect themselves from accidents, property damage, injuries, and cyber attacks. Not only is it a good idea to have insurance for your business, but in some states and industries, the law requires it.

Despite the regulations involved, business insurance is a good idea in general. Risks such as natural disasters or accidents could easily place a substantial financial burden on a small business. Without coverage, such expenses might cripple a business or even lead to a bankruptcy. If you're not covered and someone sues your company, it could spell the end of your business.

With a myriad of options to offer a shield against the risks involved in doing business, some people find themselves wondering what they actually need. Recommendations for coverage vary depending on the size of the business, the type of work done, the property owned, the technology involved, and other considerations. This can be confusing, but some insurance companies make it easier with questionnaires, checklists, and even phone consultations.

Small businesses and sole proprietors can especially be at risk since they lack the resources for a legal team and accounting division. And let's face it - insurance isn't an "exciting" expense. It's something your customers won't usually see and you will probably forget about -until you need to use it.

With specialty small business insurers and large companies competing to provide you with insurance policies, you should be able to compare quotes online to find the best price for the right protection. Use the online resources to help you understand terms and select what you need to be covered.

There are many factors to consider when determining the proper coverage. Here are some things to keep in mind as you compare your options for business insurance:

Types of coverage. Not all companies offer all types of business insurance. Most will have general liability, but perhaps you want to cover your business equipment, obtain workers' compensation, or be protected in case of a data breach. Knowing what options you need will help you choose where to get the best policy to meet your needs so you're properly covered.
Convenience. Does the provider make it easy for you to get an online quote or are you required to make a phone call - or even wait for them to contact you? What tools are offered for accessing your coverage? Some companies offer an app to make things easier. Look for user-friendly websites which allow you to get a quick quote and fast policy coverage so you can get back to work sooner.
Reputation. Finally, if the company has terrible online reviews or the Better Business Bureau reports lots of complaints, consider what this will mean when it's time to make a claim or change your policy. Avoid the hassle of dealing with difficult companies, and consider their reputation when you're shopping for coverage.

With such an important decision on the line for your business, we at Top Consumer Reviews have ranked some of the top business insurance providers online to assist you in narrowing down the options. Use our research to make it even easier to get the proper coverage you need, in order to protect your company from unexpected problems, expensive lawsuits, and liability issues.