CoverWallet Online Insurance Brokerage Review 2022

CoverWallet lets businesses compare commercial insurance quotes from several providers, then buy policies.
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Written by Rosalie Murphy
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CoverWallet is an online insurance broker that allows small-business owners to get quotes from several different insurance companies at once. CoverWallet isn’t a business insurance provider itself.

If you’re searching for cheap business insurance, CoverWallet may save you the time of contacting multiple insurers to compare costs. However, CoverWallet doesn’t always show you a quote online. In some instances, you may have to call a representative to get that information, or give them permission to call you.

If you buy business insurance through CoverWallet, you can use their online tools to pay your premiums, file claims and download a certificate of insurance for free. Business owners who purchase coverage elsewhere can also use these tools to manage their insurance policies, though those users will have to pay $99 per year. If you’re struggling to manage policies from multiple insurers, CoverWallet may be a helpful solution.

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CoverWallet: Pros and cons



Get quotes from several insurance providers using an online application.

Not an insurance provider; your coverage will be provided by a third party.

Wide variety of coverage types available.

You may have to call to complete the quote process.

Can manage your policy, pay premiums and handle claims through an online dashboard.

CoverWallet insurance: Types of coverage

Through its partners, CoverWallet offers policies that many companies need:

CoverWallet also sells more specialized types of business insurance, including:

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CoverWallet insurance providers

The providers who will underwrite the policies you purchase from CoverWallet currently include:

When you get business insurance quotes through CoverWallet, you won’t know which commercial insurance providers will send you quotes until they arrive. If you want to work with a specific insurance provider, go to that company’s website directly instead of using an intermediary.

How to use CoverWallet to get business insurance

If you click “get a quote” on CoverWallet’s website, you’ll be prompted to share some basic information about your business, including how many employees you have and how much revenue you bring in each year.

Next, you specify which types of coverage you want to buy and add more details, including your address, how long you’ve been in business, the business structure and industry.

Depending on the type of insurance, you may need to share information about other aspects of your business, like your property or claims history.

You can talk to an advisor by phone or live chat throughout the quote process. After submitting your application, you may not receive a quote until you've talked with a CoverWallet representative.

How much does CoverWallet insurance cost?

General liability insurance through CoverWallet starts at $39 per month for most industries, according to the company’s website. A business owner’s policy starts at $49 per month for most industries.

Costs for these and other types of coverage will vary depending on your business’s size, location, industry and other factors. Get a quote to find out how much your insurance will cost.

If you’re focused on keeping costs low, shopping around is important. Online business insurance providers like Next and biBERK may be a good place to start since you can get quotes quickly and purchase coverage online if it’s a good fit.

If you want to compare quotes online, consider Simply Business, another insurance marketplace. Simply Business works with some of the same providers as CoverWallet but allows most users to see their business insurance quotes without picking up the phone.