The 2019 Guide to Small Business Liability Insurance

Small business liability insurance can provide coverage for your business during difficult times. Read about the best providers for more information.

Updated on September 15th, 2019

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Small business liability insurance is a type of insurance that is intended to protect your business from any claims that might come against it. Claims could include personal injury, property damage, and/or defective products.

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Coverwallet

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Best Small Business Liability Insurance:

Our Rank

Company

AM Best Financial Rating

1.

CoverWallet

A

2.

Progressive

A+

3.

The Hartford

A+

4.

AIG

A

5.

Hiscox

A

6.

Chubb

A++

7.

Liberty Mutual

A

8.

Nationwide

A+

9.

Allstate

A+

10.

State Farm

A++

11.

Geico

A++

FAQs:

How much is liability insurance for a small business?

Liability insurance typically costs between $400.00 and $600.00 per year. There are many factors that are involved in calculating your small business liability insurance cost, such as the size of your business, number of employees, annual revenue, and assets

See our list of providers and pricing for more.

What kind of liability insurance do you need for a small business?

You need liability insurance for claims that could arise for personal injury, property damage, and defective products.

Liability Insurance Small Business

What is the best liability insurance for small business?

See our full list for more.

General Liability Business Insurance

What is general liability insurance for small business?

It is a type of business liability insurance that offers limited liability coverage for bodily injury, property damage, and a variety of other situations.

Do you need liability insurance for an LLC?

Yes. Even though an LLC separates your personal assets from your business's, it can still be sued for damages. For this reason, it is a good idea to have liability insurance.

What are AM Best financial ratings?

AM Best is a company that publishes independent financial ratings of insurance providers and other companies. Small businesses can look at these ratings to gauge an insurance provider's ability to pay out claims. Essentially, the higher the rating, the better their ability to pay up when a claim comes through.

Does liability insurance for small businesses cover personal injury claims?

Insurance providers typically require you to purchase a specialized personal injury package since these claims might not be covered by general liability insurance.

What is the difference between commercial general liability insurance and regular liability insurance?

Commercial liability insurance usually has higher limits and more coverage than liability insurance for small business. Small business general liability insurance policies are more affordable than commercial options because they are used on a smaller scale.

What is personal liability insurance for small business?

If you are a freelancer or sole proprietor then you are personally liable if anything goes wrong in your business. Because of this, many sole proprietors purchase personal liability insurance as a safety net.

How can I get multiple general liability insurance quotes and compare them?

Services like netQuote allow you to input your information and then receive a customized small business liability insurance quote from a number of different insurance providers. You can use these quotes to compare prices and plans and figure out which option is best for your business.

How can I find small business liability insurance near me?

You may be able to visit an insurance broker or an insurance office in your area. However, if you aren't able to find any solutions locally, you can always contact a national insurance provider directly and they can provide you with a quote.

How can I find small business liability insurance near me?

You may be able to visit an insurance broker or an insurance office in your area. However, if you aren't able to find any solutions locally, you can always contact a national insurance provider directly and they can provide you with a quote.

Can you help me find the best small business insurance companies in Florida?