Commercial insurance agents can help you find policies that fit the needs of. We chose State Farm as the best insurance company for small businesses overall because it offers several types of coverage through a national network of agents. In addition, State Farm agents are business owners, so they understand the needs of other small business owners. State Farm sells insurance in most states and offers policies designed for each stage of the company's growth cycle, including general liability, professional liability and other types of coverage that can be added to policies to meet individual needs.
State Farm also offers business insurance designed specifically for certain industries, such as contractors, professional services, catering companies and retailers. In addition to business coverage, State Farm offers discounts to policyholders that combine certain types of coverage, although discounts vary depending on the types of coverage that are grouped together. Discounts are not for combining business coverage. However, if you're happy with your State Farm business' coverage, you can get home and auto coverage with them and save.
Every State Farm agency is independently owned, so each agent understands the unique needs of small business owners: they own businesses themselves. In addition to general liability, Nationwide offers many types of insurance for businesses, including commercial property insurance, commercial cars, BOP, workers' compensation, EPLI, equipment breakdown coverage and supplemental insurance. The company also has 14 different industry specialties, including retailers, professional offices, including medical clinics, food businesses, 26% beverage and farms (26%) ranches. We chose The Hartford as our primary workers' compensation provider because of the special benefits it offers to employers, such as pay-as-you-go plans.
These plans dramatically reduce the chances of paying more or less premiums, since costs are based on actual payroll rather than projections. The second largest provider of workers' compensation insurance in the entire country, The Hartford offers many types of commercial insurance, including general liability coverage, BOP, commercial cars, commercial floods, data breach, commercial coverage coverage, business revenue and liability coverage Professional. The company also advertises more than 20 industry specialties, including arborists, pet groomers, restaurants, printing houses and publications. The Hartford is the second largest provider of workers' compensation insurance in the country.
Travelers has insurance solutions designed to meet the needs of companies in more than 25 sectors, including transportation, manufacturing, construction, retail and public entities. However, the company has developed considerable experience in commercial property insurance. Because Travelers operates in the U.S. UU.
We chose Liberty Mutual as the best insurer for BOPs because the company has a quick and simple process with a simplified business owner's policy available for many different industries that combine coverage into a cost-effective policy. We chose Liberty Mutual as our best provider of business owner policies (BOP) that combines several types of coverage into a single policy that protects against liability, loss of property and loss of income. Liberty Mutual is in a unique position to help a large number of business owners, regardless of industry. Liberty Mutual offers commercial insurance through independent agents across the country.
The company has several types of coverage available, including commercial cars, equipment breakdowns, inland navigation, supplemental coverage and workers' compensation, as well as 12 industry-specific solutions, including construction, public entities, financial institutions, healthcare, real estate and sales Wholesaler. Liberty Mutual also announces 24-hour claims assistance through its national referral network. A.M. Best.
AM Best confirms credit ratings for Nationwide Mutual Insurance Company and its main operating subsidiaries. Discover more factors that influence the cost of business insurance and what you can do to get the coverage you need at the best price. Progressive offers a discount on commercial auto coverage when your company has general liability coverage or a BOP in effect, even if the general liability or business owner's policy is through a different company. Nationwide offers free resources and tools on a variety of important topics to help small business owners start, grow and manage their businesses.
However, by focusing on customizing your policy from the start, we help you get the best combination of coverages so you can be sure you're buying the right insurance for the right stage of your business. Similarly, commercial auto insurance does not provide coverage when a commercial vehicle is used for non-commercial purposes at the time of an accident. In addition to these basic coverages, professional liability insurance protects small business owners against claims that arise from poor guidance they provide to customers. Commercial property insurance protects commercial buildings and the movable property that your company owns and maintains on site.
The company offers other types of commercial insurance, such as commercial cars, cyber liability, bonds and workers' compensation, although prices vary by industry. Labor Practices Liability Insurance (EPLI) protects companies against claims related to employee discrimination, sexual harassment and wrongful dismissal. Error and omission insurance is a type of liability coverage that protects your company against customer lawsuits caused by alleged negligent actions, errors, or omissions. While small business insurance protects your business against legitimate losses, it doesn't protect against damage caused by your negligence or fraud.
Progressive Commercial has customizable coverages to keep your business protected, including general and professional liability, business owners policy, workers' compensation, and more. . .
