Finding the right insurance for a small business is crucial for mitigating risks and ensuring long-term stability. Here are the top 5 small business insurance providers in the USA and Canada:
USA
- Hiscox
- Coverage: General Liability, Professional Liability, Business Owners Policy (BOP), Workers’ Compensation.
- Specialty: Tailored policies for small businesses in various industries, easy online quotes.
- Chubb
- Coverage: Property Insurance, Liability Insurance, Cyber Insurance, Business Interruption.
- Specialty: Customizable policies, strong reputation for claims handling.
- Progressive Commercial
- Coverage: Commercial Auto, General Liability, Workers’ Compensation, BOP.
- Specialty: Competitive pricing, a wide range of options for small businesses.
- The Hartford
- Coverage: General Liability, Business Property, Workers’ Compensation, Professional Liability.
- Specialty: Comprehensive policies, excellent customer service, and resources for small business owners.
- Next Insurance
- Coverage: General Liability, Professional Liability, Commercial Auto, Workers’ Compensation.
- Specialty: Affordable, digital-first approach with easy online management.
Canada
- Intact Insurance
- Coverage: General Liability, Property Insurance, Business Interruption, Cyber Risk.
- Specialty: Extensive network, strong local presence, customizable policies for different industries.
- Aviva Canada
- Coverage: Commercial Property, General Liability, Professional Liability, Cyber Insurance.
- Specialty: Diverse range of insurance products, strong customer service, and industry-specific solutions.
- Desjardins Insurance
- Coverage: General Liability, Property Insurance, Professional Liability, Business Interruption.
- Specialty: Focus on personalized service and flexible coverage options for small businesses.
- Economical Insurance
- Coverage: Commercial Property, General Liability, Professional Liability, Commercial Auto.
- Specialty: Strong focus on small to mid-sized businesses, competitive pricing, and comprehensive coverage options.
- The Co-operators
- Coverage: General Liability, Commercial Property, Business Interruption, Professional Liability.
- Specialty: Cooperative model with a strong community focus, tailored solutions for small businesses.
These insurers are known for their comprehensive coverage options, excellent customer service, and support tailored to the needs of small businesses. Always compare quotes and coverage details to find the best fit for your specific business needs.