Where to Start:
As a business owner, you always run the danger of lawsuits, property damage, and income loss, to mention a few. You need business insurance to safeguard your enterprise from these and other risks.
Business insurance safeguards the physical assets and financial resources of your firm in addition to its intangible and tangible assets.
The size, sector, location, and staff count of your firm all affect which small business insurance is ideal for you.
When looking for business insurance, a commercial general liability insurance policy and a commercial property insurance coverage are appropriate places to start. You will probably need workers compensation insurance if your business employs people, as it is mandated in the majority of states.
You should look around for the greatest bargain on business insurance. Obtain rates for commercial insurance coverage from several insurance providers. This can be done online or by phoning a business insurance agent on the phone. Your time investment is worthwhile. Finding the best rate for the sorts of company insurance you desire involves comparison searching.
Uncertain about where to begin? Here are the top 50 commercial insurance providers.
See list by forbes:
| Rank | Company | Market share |
|---|---|---|
| 1 | Travelers | 8.09% |
| 2 | Chubb | 5.51% |
| 3 | Liberty Mutual | 5.44% |
| 4 | Nationwide | 5.25% |
| 5 | The Hartford | 4.84% |
| 6 | Tokio Marine | 4.34% |
| 7 | State Farm | 3.74% |
| 8 | Farmers Insurance | 3.37% |
| 9 | Auto-Owners Insurance | 3.03% |
| 10 | The Cincinnati Insurance Cos. | 2.74% |
| 11 | The Hanover Insurance Group | 2.49% |
| 12 | CNA | 2.43% |
| 13 | Erie Insurance | 2.19% |
| 14 | Allstate | 1.95% |
| 15 | AIG | 1.77% |
| 16 | American Family Insurance | 1.71% |
| 17 | Berkshire Hathaway | 1.65% |
| 18 | W. R. Berkley Corp. | 1.65% |
| $19 | GNY Insurance Cos. | 1.44% |
| 20 | Zurich | 1.40% |
| 21 | Church Mutual | 1.32% |
| 22 | AmTrust Financial | 1.28% |
| 23 | Markel | 1.24% |
| 24 | Fairfax Financial | 1.05% |
| 25 | Brotherhood Mutual Insurance Co. | 1.02% |
| 26 | Munich Re | 0.95% |
| 27 | Allianz | 0.94% |
| 28 | Westfield Insurance | 0.85% |
| 29 | Utica National Insurance Group | 0.85% |
| 30 | Great American Insurance | 0.71% |
| 31 | GuideOne Insurance | 0.61% |
| 32 | QBE | 0.58% |
| 33 | COUNTRY Financial | 0.54% |
| 34 | Donegal | 0.49% |
| 35 | Acuity A Mutual Insurance Co. | 0.47% |
| 36 | Selective | 0.46% |
| 37 | Vermont Mutual Insurance | 0.46% |
| 38 | American National | 0.45% |
| 39 | Global Indemnity | 0.44% |
| 40 | Frankenmuth Insurance | 0.43% |
| 41 | Everest Re | 0.43% |
| 42 | AF Group | 0.42% |
| 43 | Trisura Group | 0.42% |
| 44 | Grange Insurance | 0.42% |
| 45 | Central Insurance Cos. | 0.40% |
| 46 | FCCI | 0.40% |
| 47 | Arch Capital | 0.39% |
| 48 | Encova Insurance | 0.38% |
| 49 | Argo | 0.38% |
| 50 | Nuclear Electric Insurance | 0.37% |
