Best Small Business Insurance Companies: The purchase of small business insurance is one of the most important tasks involved in running a business. Small business insurance can help protect owners from unforeseen occurrences like a fire destroying assets or an employee getting wounded on the job.

Best Small Business Insurance Companies

Below is our ranking of the top small business insurance companies for 2023. We’ve also compiled information on how to find the best small business insurance carrier for you.

  • Hiscox
  • Travelers
  • Chubb
  • Allstate
  • State Farm
  • Nationwide
  • Progressive
  • The Hartford
  • Liberty Mutual

Best Small Business Insurance Companies in Detail



Hiscox is the sole company in our rating that only offers business insurance products. It provides a wide variety of different policies including medical malpractice and short-term liability. A short-term liability policy provides general or professional liability coverage for shorter periods of time compared to traditional liability policies. This can be useful for contractors who only need coverage for the duration of a project, for example.

Contact Hiscox:

You can get quotes through its website, and if you’re already a policyholder you can also manage some aspects of your policy. However, some changes may require speaking to your agent or broker. You can contact Hiscox through the number on its website.


While it is available throughout most of the U.S., Hiscox business insurance isn’t available in Alaska.



Travelers has a wide variety of policies available that can provide coverage for environmental liability, or if your business operates internationally. In addition, it has standard policies like general liability and business owners policies.

Contact Travelers:

To obtain a quote, you’ll need to speak to a Travelers agent or broker. As a policyholder, you’ll also need to speak to your agent or broker to make certain changes to your policy. You can also find several numbers to contact on the Travelers Contact Us page.


It offers policies in all 50 states and Washington, D.C.



Chubb has a large number of policies available that can be tailored to specific industries. For example, it offers professional liability policies tailored for industries like finance and engineering. With such a large number of policies and customization available, talking with an insurance agent may be the best way to get the most of Chubb’s coverages.

Contact Chubb:

Chubb clients can manage their policy accounts online, including claims reporting. However, you may need to speak to an agent in order to complete some transactions. Chubb also has a contact form and phone numbers listed on its Let Us Help page.


Chubb is available throughout the United States.



Allstate offers most of the main business insurance products, including business owner policy (BOP), general liability, professional liability, and commercial auto. It doesn’t appear to offer workers’ compensation, unlike every other company in our rating.

Contact Allstate:

While you can get a quote online, you won’t be able to file a claim online. The latter may not be an issue if you prefer to work with a person when filing a claim. Allstate also lists several ways to contact the company on its Contact & Support page.

Availability: It is also available in all 50 states and Washington, D.C.

State Farm


State Farm offers a large number of policies, including standard policies like a business owner policy (BOP), commercial auto, and workers’ compensation. It also has industry-specific coverage, such as for condominiums and homeowners associations.

Contact State Farm:

You won’t be able to get a quote online. You’ll have to work with a State Farm agent to obtain a quote. Given the number of policies available, this may be for the best. Policyholders also aren’t able to file a claim online. State Farm also has several phone numbers listed on its Contact State Farm page.

Availability: State Farm is available in all 50 states and Washington, D.C.



Nationwide has policies designed for niche businesses like breweries, pet shops, and consulting firms. It also offers policies providing coverage for cybersecurity, employment practices, and directors and officers.

Contact Nationwide:

Policyholders can file a claim online, but potential customers can’t purchase a policy online. You can also find a phone number for Nationwide on its Contact Us page.

Availability: Nationwide is available in all states except Alaska, Hawaii, Louisiana, Massachusetts, and New Jersey.



Progressive offers a number of different products ranging from business owner policies (BOPs) to cybersecurity, as well as a variety of commercial auto and truck coverages. Depending on your business, this may help to balance a lack of industry-specific coverages offered by other companies in our rating. For example, Progressive doesn’t offer medical malpractice insurance, nor does it sell farm and ranch policies.

Contact Progressive:

Policyholders can find a phone number for Progressive on its Contact Us page. There is no available information on filing claims online for Progressive’s business insurance services. Progressive does offer online quotes.

Availability: It is available in all 50 states as well as Washington, D.C.

The Hartford


The Hartford has a lot of business insurance policies. If you look at its Ocean Marine policies alone it has Ocean Cargo, Marine General Liability, and Hull & Machinery policies. These policies can be tailored by adding endorsements to improve coverage. And if your business works across national borders it can provide multinational coverage as well.

Contact The Hartford:

Policyholders can get a quote online through The Hartford’s website. If you want to contact the company, you can find specific phone numbers for business insurance customers on its Contact Us page.


The Hartford sells policies in all 50 states and Washington, D.C. However, some areas may not have the same density of agencies as others.

Liberty Mutual


Liberty Mutual offers policies in all 50 states and the District of Columbia. It has a wide range of policies, including specialized coverage for niche industries like railroad and energy businesses. It doesn’t offer short-term liability or farm and ranch policies, but it does offer policies that cover equine and livestock.

Contact Liberty Mutual:

Small businesses, which Liberty Mutual defines as companies with less than $250,000 in premiums, will be unable to file their claims online and will instead need to call the company to do so. You can also find contact information for Liberty Mutual on its Get Customer Support Now page.

Availability: Liberty Mutual is available in all 50 states and Washington, D.C.