Top Rated Small Business Insurance Companies - General liability insurance is probably the most popular business insurance that almost every business should have. Some jobs like construction require it. The good news is that many insurance companies offer this product, so it's easy to find the best one for your business. In our in-depth research, we present the 10 best general liability insurance companies you can consider.
Almost all business insurance companies and digital brokers offer general liability insurance. Trying to find the best one for your specific situation can be confusing. We researched over 50 companies to come up with a list of the top 9 general liability insurance providers below.
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The bus business is an insurance broker. They are not an insurance company. Rather, they charge quotes from their partners and provide business insurance. In theory you could compare the top 3 or 4 quotes and then pick the best one. However, as you can see here, sometimes they only return references for one company.
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This quotation is for an IT consulting firm in Ohio with annual sales of $500,000. Results may vary because there are many questions about your business that need to be answered.
Clearly, the insurance is backed by Liberty Mutual. They are actually a subsidiary of Liberty Mutual. They offer business insurance for various industries.
This estimate is for an independent contractor business in Ohio with $500,000 in revenue. To purchase insurance, you must create an account and enter your debit or credit card information. You can also choose your payment method from monthly, quarterly or annually.
Next Insurance is an online insurance company targeting entrepreneurs and small businesses. Completely online, Next offers free monthly payments and 24/7 access. Next uses new technology to quickly find the best quotes and create customized policies for small businesses. We have one of the fastest online quote generators of any online insurance company. If you are starting a small business, Next Insurance may be your best option.
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CoverWallet is a digital business insurance broker that sells all types of business insurance. They are not an insurance company, but provide a quote from your partner after entering all your information. If you want a quote from someone other than your partner, you're out of luck.
CoverWallet is very easy to use and generates quotes in minutes. This estimate is for an IT consulting firm with annual revenue of $500,000 located in Ohio.
After purchasing policies with CoverWallet, you can easily manage all your business insurance policies in one place using a digital dashboard.
Tivly is another digital business insurance broker. They can get a quote online, but one of their agents will call you to actually buy the insurance. After you enter your information, all companies that offer business insurance in that state (in this case, Ohio) will be listed. Click "Get Quote" here to visit the company's website.
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Alternatively, you can call an experienced agent to discuss the situation. Business insurance in general and general liability insurance for businesses can be a bit complicated. If you're new to buying business insurance, talking to an agent right away can help. If you prefer that, Tivly is a good option.
Hiscox offers general liability insurance at special rates for small businesses. They cover a wide variety of jobs and have a handy rate calculator on their website so you can get an instant price. Hiscox is known for its competitive pricing. A sample estimate for a hot dog stand business was about $600 per year or $47 per month. If your company is small, Hiscox may be your best choice. They have a small business unit specifically dedicated to small businesses with less than 10 employees and are rated "A" by A.M. Best, National Credit Rating Firm.
Hartford tops many business lists overall, and Hartford offers discounts for small businesses, skilled professionals, and bundling multiple insurance policies together. The Hartford has an "A+" rating from Standard & Poor's, a financial services firm, and has a dedicated small business unit. You may need to call Hartford to get a quote for your business, but we have a team of experienced representatives ready to answer your questions.
InsurePro is another insurance brokerage company. What sets them apart is that they offer short-term coverage for small businesses. If you only need general liability insurance for a few days, a few weeks, or a specific project, getting a policy from InsurePro can save you a lot of money.
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InsurePro also offers great digital experiences. You can get an online quote from them in minutes. They also provide customer service via chat or phone.
Smart Financial is another brokerage firm. They have been serving small businesses for over 10 years. They specialize in getting small businesses the minimum coverage their clients typically require on a tight budget. Smart Financial browses dozens of carriers to find the cheapest policy with the fewest guarantees just for you. With Smart Financial, you can have peace of mind knowing you won't pay more for your coverage.
It covers claims for all customers who are injured while on your property (or tripping over something you own, such as tools). For example, if you run a cafeteria and a customer slips and falls on a wet floor, you can sue for bodily injury. A general liability insurance policy pays for legal defense costs, the client's medical expenses, and the settlement of the lawsuit.
If you or one of your employees inadvertently damages a customer's property, you may be sued for damages. General liability applies to you.
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For example, if you are a handyman and you are helping a customer paint the walls of his house. If you accidentally destroy valuables in her home while painting, she can sue you for damaging her property. However, the outcome of the lawsuit is 100% covered by the general liability insurance policy.
If someone criticizes you (mostly through social media), you can sue them and general liability insurance will cover your legal costs.
It is important to understand that general liability does not apply to you if an employee is injured while working for you. You will need workers' compensation insurance for this. This does not apply if an employee steals client property. It does not cover damage to your own property (commercial property insurance is required for these claims).
The average cost of general liability insurance is just $42 per month or $504 per year. Most small businesses pay between $300 and $5,000 annually for a general liability insurance policy. Construction workers and contractors make about $4,820 a year, while photographers and videographers make the least, about $326 a year.
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Shop around with multiple companies to compare prices before buying insurance. Working with a digital broker like Simply Business, Smart Financial, Tivly or CoverWallet is a great way to easily get and compare multiple quotes in one place.
The only way to find the best and cheapest quote for your business is to browse and compare multiple quotes.
The mistake most people make is to do it once and then stop. Even after getting the best deal, you still have to look for something else. Insurance companies change their rates from time to time. So when it comes time to renew, you'll need to shop around again to find the best deal for your company.
Working with a top broker like Simply Business, CoverWallet or Smart Financial is the best way to get and compare multiple quotes in one place.
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Insurance companies always offer discounts and benefits to their customers. If they don't mention it to you, you should ask. Whether you buy online or through an agent, there's always some discount.
Good insurance companies always have discount lists on their websites so you can see if you qualify. Take advantage of discounts available for your business.
Bundling policies can reduce the cost of general liability insurance by allowing insurers to package policies together and offer a lower price. If your business also needs workers' compensation and commercial auto insurance, you can bundle it with your general liability policy.
Bundling also makes it easier for policyholders to manage their coverage as all policies come under one policy number.
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Workplace safety protocols and practices can affect the cost of general liability insurance in several ways. One way is if a company has a strong safety record, you may be covered in your insurance policy at a lower rate. In addition, if the Company implements specific security protocols and
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