Compare Small Business Insurance Quotes
Use Insuranceopedia to compare business insurance companies. Check rates from top companies such as Hiscox & NEXT Insurance
Pick Policies From The Best Providers In The U.S.
Compare Business Insurance Quotes By Provider
Finding the right insurance provider will help you to balance coverage and cost. Each carrier has its own strengths. Compare average annual costs from top U.S. providers below.
| Insurance Provider | Best For | Average Annual Cost |
| The Hartford | Established small businesses | $1,242 |
| Hiscox | Consultants, freelancers, and microbusinesses | $984 |
| NEXT Insurance | Startups and sole proprietors | $911 |
| Nationwide | Growing small to mid-sized businesses | $1,188 |
| Chubb | Professional services and higher-risk industries | $1,462 |
| Progressive Commercial | Businesses with vehicles | $1,325 |
| Travelers | Established professional firms | $1,277 |
| Liberty Mutual | Medium-sized companies and franchises | $1,356 |
| biBERK | Budget-conscious small businesses | $870 |
Compare Business Insurance Quotes By Coverage Type
Every business faces different risks, and the right coverage depends on what you do, where you operate, and how you serve customers. Compare the most common types of business insurance below to understand what each covers and how much it typically costs.
| Coverage Type | Best For | Average Annual Cost |
| General Liability Insurance | Protecting against third-party injuries and property damage | $640 |
| Business Owner’s Policy (BOP) | Small businesses that need both general liability and property coverage | $1,420 |
| Professional Liability (E&O) Insurance | Professionals providing services or advice, like consultants or engineers | $2,351 |
| Workers’ Compensation Insurance | Businesses with employees, to cover workplace injuries | $1,982 |
| Commercial Auto Insurance | Companies that own or use vehicles for business operations | $2,853 |
| Cyber Liability Insurance | Businesses handling sensitive data or operating online | $1,548 |
| Commercial Property Insurance | Companies with physical offices, inventory, or equipment | $1,203 |
| Product Liability Insurance | Businesses that manufacture or sell physical goods | $1,676 |
| Umbrella Insurance | Companies wanting extra protection beyond standard policy limits | $1,060 |
Top Professions We Cover
Every industry, or profession, faces uniques risks and getting the right coverage can make all the difference. Explore our curated business insurance guides by profession and learn what coverage your business needs, what risks to protect against, and how to stay compliant in your work.
Professional Services
- Architect Insurance
- Engineering Business Insurance
- IT Consultant Insurance
- Occupational Therapist Insurance
- Physical Therapist Business Insurance
- Personal Trainer Insurance
- Chiropractor Business Insurance
Beauty, Health & Personal Care
- Barber Insurance
- Hair & Beauty Salon Insurance
- Nail Salon Insurance
- Booth Renters Insurance
- Personal Care Insurance
Hospitality & Events
- Bar Insurance
- Bartender Insurance
- Catering Company Insurance
- DJ Insurance
- Hotel Insurance
- Motel Insurance
- Party Bus Insurance
Retail & Consumer Services
- Convenience Store Business Insurance
- E-Commerce Business & Online Retailer Insurance
- Grocery Store Insurance
- Gas Station Insurance
- Liquor Store Insurance
- Jewelry Store Business Insurance
- Vending Machine Insurance
- Laundromat & Dry Cleaners Insurance
Construction, Trades & Field Services
- Ceiling and Wall Installers Insurance
- Painters Insurance
- Siding Installation Insurance
- Site Preparation Insurance
- Tree Service Insurance
- Pressure Washing Business Insurance
- Machine Shop Insurance
- Locksmith Insurance
- House Cleaning Business Insurance
Education & Arts
Compare Business Insurance Rates By Industry
The cost of business insurance varies by profession, location, and the level of risk your work involves. Use the table below to compare average annual insurance costs for different professions and learn more about what affects the price of coverage in your industry
Find The Best Business Insurance In Your State
Business Insurance Resources
What Is Small Business Insurance?
In short, small business insurance helps reduce the financial impact of unexpected events, giving business owners peace of mind and the ability to operate with confidence. It’s often required by landlords, clients, or state law, depending on the industry and business type.
Small business insurance is a collection of insurance policies designed to protect small business owners from the financial risks that come with running a business. These risks can include property damage, lawsuits, employee injuries, theft, data breaches, and more.
Rather than being a single policy, small business insurance is typically a customizable package made up of different types of coverage based on the nature of the business.
What Factors Affect Business Insurance Costs?
Small business insurance costs can swing widely from one company to the next. Several key factors influence how much you’ll pay, depending on the nature and size of your business.
- Industry risk: Higher-risk fields like construction pay more than offices.
- Coverage limits and deductibles: Higher limits cost more, higher deductibles cost less.
- Annual revenue: Higher revenue often raises your liability insurance premiums.
- Business location: Coastal areas often cost more due to hurricane exposure.
- Years in business: New businesses sometimes pay more due to inexperience.
- Payroll size: Workers’ compensation rates are directly tied to total payroll.
- Business location: Coastal areas often cost more due to hurricane exposure.
- Coverage types selected: More policies add to the total insurance bill.
- Number of employees: More employees usually mean higher workers’ comp costs.
- Claims history: Businesses with past claims often face steeper premiums.
- Safety programs: Companies with strong safety measures can sometimes get discounts.
- Property value: Larger, more expensive properties cost more to insure.
- Vehicle use: Heavy vehicle usage raises commercial auto insurance costs.
Why Do Small Businesses Need Insurance?
Running a business always carries risks. Business insurance protects owners from the financial fallout of accidents, lawsuits, and property damage. A single customer injury or employee accident could cripple an uninsured business.
Extreme weather, including hurricanes and flooding, creates serious threats. Many small businesses would struggle to recover from damage caused by adverse weather without the right coverage. Standard property insurance often excludes flood damage, making separate flood policies necessary.
Additionally, most states require businesses to carry workers compensation insurance if they have employees and commercial auto insurance if they have company-owned vehicles.
Small businesses face a range of liability risks. Restaurants, hotels, and retail shops face constant exposure to customer injury claims.
How To Get Insurance For Your Small Business
Getting the right insurance for your small business is easier than you might think.
Insuranceopedia makes the process simple by connecting you with top-rated insurance carriers who specialize in your industry. All you need to do is provide a few basic details about your business — like your location, profession, and number of employees — and we’ll match you with the best options.
Whether you need general liability, workers’ compensation, or a full Business Owner’s Policy, we help you find competitive quotes quickly, so you can focus on running and growing your business.
