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Best Small-Business Insurance 2025: Compare Companies and Coverage

The best small-business insurance companies are financially secure and receive relatively few customer complaints.
Written by

Rosalie Murphy

Edited byRyan Lane
Last updated on April 22, 2025

Fact checked and reviewed
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⏰ Estimated read time: 11 minutes

The right business insurance coverage for your company will depend on its unique risks. But the best business insurance companies make getting that coverage easy — and offer a smooth claims experience so you can get back to your operations.
We evaluated 19 business insurance providers, and here are our top choices.

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Best business insurance companies

NerdWallet recommends getting business insurance quotes from several providers so you can find the best coverage at the best price. Consider factors such as your industry, company size and location when evaluating options.

Chubb

Best for: Buying a BOP online.

5.0

NerdWallet rating 
Chubb’s business owner’s policy offers a few types of coverage that aren’t always included in BOPs: business interruption insurance and extra expense coverage, plus coverage for accounts receivable. And while the company has more than a century in business, its online experience for small businesses has contemporary features, like a bot that helps you choose coverage and buy a policy online.

Next Insurance

Best for: Online business insurance

5.0

NerdWallet rating 

Travelers

Best for: Working with an agent.

5.0

NerdWallet rating 
Travelers earned high marks from NerdWallet for its financial strength, low number of customer complaints, wide variety of coverages and customer support features. You can’t get a quote or buy a policy online — but if your business needs more than a BOP and commercial auto insurance, it’s a good idea to start a relationship with an agent anyway. And independent agents sell Travelers policies, so they can offer you multiple quotes. If Travelers offers the best coverage for the best price, it’s a solid choice.

Nationwide

Best for: Additional services, like retirement plans.

5.0

NerdWallet rating 
Nationwide is a longstanding insurance company that offers virtually every type of coverage — plus other services that can be difficult to manage on your own, like setting up retirement plans for your staff. You can get a quote online to understand how much coverage might cost, then work with an agent to make sure you have everything you need.

Progressive

Best for: Commercial auto insurance

4.5

NerdWallet rating 
Progressive's commercial auto insurance policies can cover cars, trucks, buses, limousines and other business vehicles. The company also offers access to a network of car and truck repair shops and around-the-clock service by phone or online.

Thimble

Best for: Short-term coverage.

4.0

NerdWallet rating 
Thimble is a useful option for very small businesses that need coverage to comply with contractual requirements — for instance, if you need general liability insurance before vending at a farmer’s market or teaching a fitness class. You can get coverage online and buy a policy that lasts only a short time, if that’s the best fit for your company.

Other business insurance companies

The following insurers didn’t make our list of top choices, but their unique offerings may make them a good fit for you.
Other commercial insurers NerdWallet rates and reviews:
Want to compare multiple companies? An online broker, like Coverdash or CoverWallet, can help you get several quotes from different insurers at the same time.

Save Up To 30% on Business Insurance

NerdWallet Business Insurance simplifies the insurance process with a single platform to compare quotes and find the most cost-effective rates.

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What is business insurance?

There are many different types of business insurance that protect against particular kinds of risk. Here's an overview of some common policy types:
Type of insurance
When it protects your business
Who needs it
Find a provider
If a third party or their property is harmed as a result of your business activity.
All businesses. May be required by a landlord or contractor.
If you’re in an auto accident while working or in a company vehicle.
Businesses that use vehicles in their operations. May be required by law.
If an employee is injured on the job.
Businesses with employees. Required by law in most states.
If a client accuses you of making a mistake or giving them bad advice. This is also known as errors and omissions insurance.
Businesses that provide services for a fee. May be required by law or industry regulation.
If your manufacturing or retail space, office, or assets like equipment or inventory are damaged and need to be repaired or replaced.
Businesses with owned or rented space or a significant amount of property. May be required by a landlord.
If your business can’t generate revenue for a period of time.
Most businesses with recurring expenses.
A business owner’s policy, or BOP, is a single insurance policy that includes several common types of small-business insurance coverage listed above:
  • General liability insurance.
  • Commercial property insurance.
  • Business income insurance is usually included, but not always.
  • Some insurers offer optional add-ons, like data breach coverage.
A BOP is a convenient choice for small businesses that rent space or stock inventory and need both liability and property coverage. If you don’t have employees, a BOP may provide all the insurance you need. (If you do have employees, make sure you have workers' comp too.)

What business insurance do you need?

Follow these steps to determine your insurance needs and get coverage.
  1. Find out what coverage is required by law. Some business insurance, like workers’ compensation, is required by law. Check the workers’ compensation regulations in your state to make sure you’re in compliance. Be on the lookout for industry-specific regulations as well; for example, state law might require lawyers to carry legal malpractice insurance.
  2. Find out if your contracts require insurance. Landlords, lenders and contractors may require certain types of coverage before doing business with you.
  3. Talk to a professional. If you’re unsure about what kinds of business insurance you need, a licensed commercial insurance agent near you can help you evaluate your risks.
  4. Get an online quote. Lots of online business insurance providers ask questions during the quote process and suggest certain kinds of coverage as a result. For instance, if you say your business works in a professional services industry, they might recommend professional liability insurance. Getting a quote can highlight certain risks and help you understand how much insurance might cost.
  5. Reassess your needs regularly. As your small business hires employees, adds locations or grows its product line, your insurance needs will grow too. Check on your insurance policies every year to make sure they still provide the best coverage for you.

How much does business insurance cost?

Business insurance costs can vary widely depending on:
  • What your company does.
  • How many employees you have.
  • Where you’re located.
  • How public-facing your business is.
  • Your claims history.
  • What policies you need to buy.
To get a ballpark figure, try getting a quote from an online business insurance company. They can usually show you a price estimate in a matter of minutes, based on some basic information about your business.
The best way to find affordable business insurance is to get quotes from several different providers and choose the best option for you.

Save Up To 30% on Business Insurance

NerdWallet Business Insurance simplifies the insurance process with a single platform to compare quotes and find the most cost-effective rates.

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Frequently Asked Questions

Methodology

Business insurance ratings methodology

NerdWallet’s business insurance ratings reward companies that offer small-business owners reliability and ease of use. Ratings are based on weighted averages of scores in several categories, including financial strength, customer complaint data, shopping experience and customer service. Learn more about how we rate small-business insurance companies.
These ratings are a guide, but insurance policy details and prices can vary widely from business to business and provider to provider. We encourage you to shop around and compare several insurance quotes.
NerdWallet does not receive compensation for any reviews. Read our editorial guidelines.

Insurer complaints methodology

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2018-2021.
To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period.
Our star ratings consider ratios for both general liability insurance and commercial property insurance. When an insurer sells policies that are underwritten by several different insurance companies, we consider the NAIC complaint ratios of all the underwriters.
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