Our Best Choices · State Farm 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. An agent or marketplace site you're working with may be able to offer you business insurance quotes for the companies they represent. Business insurance provides financial protection against losses due to events that may occur during the regular course of the company, such as natural disasters, fires, accidents, lawsuits and deaths.
The company insures commercial trucks, business cars, emergency vehicles, military vehicles and a variety of SUVs, vans, trucks, buses, tractors and trailers. Chubb has products for a large number of industries, so it's ideal if you're looking for very specific types of coverage rather than just general commercial insurance. Small businesses that employ fewer than 10 people can especially benefit from Thimble's flexible terms, such as allowing you to purchase a policy for as long as you need, as well as the ability to extend, modify or cancel your policy directly from the Thimble app. StateFarm also offers commercial insurance designed for independent contractors, restaurants, professional services and retailers, with electronic billing and automatic payment options.
However, almost every company needs general liability insurance, which protects you in the event that a customer is injured at your workplace. While small business insurance protects your business against legitimate losses, it doesn't protect against damage caused by your negligence or fraud. As the country's most popular business car insurance company, the rates are quite affordable. Commercial auto insurance covers damage that results from a car accident caused by you or one of your employees when you use a vehicle for business purposes.
General liability coverage is recommended for all businesses, but your company's insurance needs will vary depending on several factors, such as the number of employees, location, and industry. We chose Liberty Mutual as the best insurer for BOPs because the company has a quick and simple process with a simplified business owner policy available for many different industries that combines coverage into a cost-effective policy. Keep in mind that the products in this table represent only a portion of the types of commercial insurance that airlines offer to consumers.
