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Best Small Business Insurance

Whether you work in retail, construction, or financial services, most small business owners require small business insurance. Having it can help protect the livelihood you've worked so hard to build. The right small business coverage can help cover costly claims and lawsuits from:

  • accidents
  • natural disasters
  • professional mistakes
  • Labor grievances
  • Insurance for small business owners

Types of small business insurance

Small business insurance helps protect personal property and your business income. It also helps protect you from liability claims.

Learn more about what small business insurance is.

Additional protection for small businesses

To get the best commercial insurance for your small business, you will likely need a variety of insurance products and coverages. With a business owner policy (BOP), you'll get three basic types of coverage combined into one:

  • General liability insurance
  • Commercial property insurance
  • Business income insurance
  • Increase the coverage of your small business

Over time, you may need more coverage to protect your small business. We are here to help and can provide you with small business insurance quotes based on the risks you face. Here are some of the different types of coverage we offer:

  • Workers' Compensation Insurance
  • Commercial auto insurance
  • professional liability insurance
  • data breach insurance

Small Business Insurance Costs

Small business insurance costs vary. That's because every small business is different and faces unique risks. How much does small business insurance cost? This depends on what you need. However, you can use the chart below to find out the average cost that business owners have paid for coverage with Hartford:

  • Coverage Average annual installment Average monthly installment
  • Business Owner Policy (BOP) $3,135 $261.25
  • General Liability Insurance (GLI) $1,057 $88.08
  • Workers Compensation Insurance $840 and $70
  • Choose your field of work
  • beauty shop insurance
  • insurance consulting
  • Photography insurance
  • retail insurance
  • technology insurance
  • restaurant insurance
  • Learn more about small business insurance

Why do I need small business insurance?

Most states require some form of insurance for small business owners. No matter how careful you are, accidents can happen. When they do, getting the right types of coverage can make all the difference. Learn more about the insurance needed for a small business.

What does small business insurance cover?

There is no single small business insurance policy that covers every claim. Many small business owners start with a BOP because it has both liability and property coverage. A BOP can help protect your business from:

  • Claims that he caused bodily injury or material damage to someone else's property
  • Damage to own or rented premises and equipment used for work
  • Loss of income if you are unable to work due to property damage

Can Hartford help me get small business insurance in my state?

We pride ourselves on partnering with thousands of small business owners across the country. If you're looking for more information on how to get small business insurance where you live, check out our state business insurance page.

Do I need small business insurance for an LLC?

Registering your business as a Limited Liability Company (LLC) does not protect your business from risks. We created our LLC insurance specifically for small business owners. It can protect you from catastrophic financial losses.

What insurance do you need when starting a small business?

There are three basic types of business insurance you may need when starting a small business:

General liability insurance

Commercial property insurance

Business income insurance

Our BOP brings these three types of commercial insurance together to make it easy to protect your business.

Why Small Businesses Can Trust Hartford?

Not all insurance companies provide the same level of service. With us, you'll find that we're more than just an insurance company—we're partners. We've been dedicated to small business owners and protecting customers for over 200 years. We can help you find the right type of commercial insurance for your company.

Our representatives consistently earn some of the highest ratings and reviews for customer requests. We've also been recognized 13 times as the World's Most Ethical Company® by Ethisphere.