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Get the best insurance policy that suits your needs and budget. Here are some of the top companies in this field.
The “top 10 commercial insurance companies” is a list of the top 10 general liability insurance companies. The list includes information about each company, including their name, address, and phone number.
Small company owners want to engage with dependable general liability insurance providers that can provide high-quality coverage at a reasonable price. To find the nine top general liability insurance providers, we examined more than 20 carriers based on characteristics including pricing, policy choices, and online availability.
*A quotation from Liberty Mutual was given by Commercialinsurance.net, one of our partners.
The Hartford is the best general liability insurance company in the country.
Because it offers a basic policy with generous limits, more endorsement options than most other carriers, and one that bundles industry-specific coverages in an affordable package with top-notch customer service, The Hartford is the best overall general liability insurance company for small businesses offering professional services. This, along with its strong financial position, makes it excellent for most company owners.
Travel to Hartford, Connecticut.
Highlights from the coverage
The Hartford offers the following general liability insurance policies:
- Limits of up to $2 million per occurrence, with a total limit of $4 million
- Damage to leased property is covered up to $1 million.
- Medical expenditure coverage of up to $10,000 per person
- Endorsements for advertising harm caused by the internet, Breach of personal information, Liability in the workplace, and drones
The Hartford offers a superb basic general liability insurance for small firms in low-risk sectors, as well as new company owners. It does, however, provide specialized general liability coverage for high-risk enterprises such as manufacturers, wholesalers, and distributors.
Costs
The Hartford’s general liability insurance expenses include:
- A $250 yearly premium is required.
- A 10% discount is available if you pay in full.
- Bundling offers additional savings.
By working with other businesses, The Hartford delivers value to small business owners. Policyholders may get savings on office supplies and equipment, business financing, and marketing services via their partnership network.
Hiscox is the best option for freelancers and small enterprises.
Hiscox has been in business for more than a century and has grown into a powerful insurance provider for small companies and solopreneurs. Its general liability insurance, which isn’t packaged with commercial property, has high limits and optional business equipment coverage, making it appropriate for risky professions like janitorial and landscaping.
Hiscox is a place worth visiting.
Highlights from the coverage
Hiscox provides aggregate general liability coverage of up to $2 million. When company owners quote online, that’s the limit, but it may be increased to $5 million after a review.
Hiscox’s insurance, like other general liability policies for small company owners, automatically covers coverage for employee acts. Hiscox, on the other hand, takes a step further by covering temporary workers and providing a business equipment endorsement with up to $25,000 in coverage.
This final element is an excellent alternative for small landscapers and janitors who have some property exposures but not enough for a business owner’s policy (BOP) or a standalone commercial property insurance.
Costs
Hiscox’s general liability insurance for small enterprises has a minimum annual premium of $350, or around $30 per month. When you combine your policy with commercial property insurance, the average monthly premium is only $42.
Hiscox’s other general liability insurance cost elements include:
- Monthly payment options are available at no additional cost.
- A 14-day money-back guarantee is included.
- A 5% discount for multiple policies is available.
- Discounts of up to 5% are available for home-based enterprises.
Reduced rates for proactive risk management, such as installing security equipment, are also mentioned on Hiscox’s website.
CNA: The Best Multi-Location General Liability Insurance Company
CNA is one of the country’s major property and liability insurance companies. CNA Connect, the company’s principal product for small businesses, combines general liability and property insurance in a package known as a BOP. In addition to higher-than-average aggregate limits, CNA’s general liability policy automatically includes coverage for each company location, which is a wonderful benefit for growing businesses.
Visit CNA
Highlights from the coverage
The general liability insurance under CNA’s BOP has an aggregate maximum of up to $4 million. That’s above and above the norm, and it might be appealing to enterprises on the bigger side of tiny.
The premises liability aggregate limitations set by CNA Connect are also applicable at each site. Most insurers only provide this as an endorsement for a fee, but CNA includes it as standard, making it the best option for a company with many locations.
Costs
CNA, like other insurance companies, keeps expense information under wraps. It also doesn’t provide any information regarding possible reductions. They do note, though, that company owners may opt out of CNA Connect if they don’t need it, enabling them to save money.
Best for Claim Services: Chubb
Chubb is a significant commercial insurance provider that can create policies for any size company, but it’s recognized for treating all accounts equally when it comes to customer care and claims. Small company owners may use Chubb’s Litigation Management Unit, and they can receive a response to their claim within 24 hours of submitting it.
Pay a visit to Chubb.
Highlights from the coverage
Chubb, like many of the other insurance providers on this list, offers general liability as part of a BOP, but it also sells standalone general liability. If you require liability coverage but your property exposures are too high for a BOP, Chubb is a suitable solution. Chubb can offer general liability insurance to organizations with up to $30 million in sales in each case, making it an excellent match for developing companies as well.
For small company owners, Chubb’s endorsements for general liability insurance include:
- Breach of personal information
- Liability in the workplace
- Liability for employment practices
- Liability in another country
Chubb also provides policy improvements such as wide form named insured and blanket additional insured, which may assist company owners in extending coverage to other companies as needed. Unlike The Hartford, however, Chubb’s general liability policy does not contain any coverages by default.
Costs
Chubb does not provide information on general liability rates or discounts, which is standard practice among large insurers that provide business insurance. This is largely due to Chubb’s focus on developing coverage for certain industries. However, the company’s initiative to bundle its general liability for multiple pricing points is a clever feature. Chubb’s small business site offers quotes in three levels: Silver, Gold, and Platinum, with each level outlining what coverage is offered for the higher cost.
It’s also worth noting that web evaluations often state that Chubb provides comprehensive coverage, but it’s not inexpensive.
Travelers are the best for technology companies.
Travelers is most known for its personal items, but it also offers a diverse range of business goods. Working with an independent agency, small company owners in 16 different sectors may get general liability insurance. The organization is especially successful in the technology sector and provides BOP coverage.
Travelers should pay a visit
Highlights from the coverage
Travelers combines its general liability and property insurance into a Master Pac BOP for small company owners. Each Master Pac is designed to the business and may be customized with a variety of sponsorship possibilities.
These endorsements may include coverage for the following items, depending on your industry:
- Breach of personal information
- Lawsuits alleging discrimination
- Liability for alcoholic beverages
- Exposures throughout the world
The general liability possibilities for technology for travelers are very powerful. Its policy has a large aggregate limit of up to $4 million and a $300,000 limit for rental premises damages. Liability endorsements for wide named insured, blanket additional insureds, and blanket waiver of subrogation may also be added by technology firm owners.
Costs
Another big provider that refuses to disclose how much general liability insurance for small companies costs or if it gives any reductions is Travelers. However, its BOP, which is often a cheap bundle of general liability and property coverage, is its core offering for small company owners.
biBERK is the best option for retail businesses.
BiBERK, sponsored by insurance behemoth Berkshire Hathaway, provides comprehensive business coverage that varies by state. With a simple online method, the firm aims to make purchasing general liability insurance easy for business owners. BiBERK for general liability is a good option for business owners who require coverage right once, such as merchants that deal with a lot of foot traffic.
BiBERK is a biBERK website.
Highlights from the coverage
BiBERK’s general liability insurance coverage choices include:
- Limits on aggregate funds start at $300,000 and go up to $2 million.
- Damage to leased property is covered up to $50,000.
- Medical expenditure limitations of up to $1 million per occurrence, but $5,000 per person
- Limits of up to $2 million per product and completed operation for goods and completed operations
- For as low as 1% to 3% of your premium, you may get coverage for verified acts of terrorism.
- Endorsements for cyber liability as well as an umbrella policy to enhance your liability limits
During the application process, biBERK also enables you to submit the details of an extra insured, such as a landlord who may want to be named on your policy.
Costs
Although biBERK’s coverage is more expensive than that of other insurers, it is backed by a solid carrier that can process claims quickly. BiBERK’s general liability rates start at $275, and the majority of its clients spend less than $1,000. Because you’re dealing directly with the carrier, there are no hidden costs or broker markups, which may save you up to 20%.
Best for Agribusinesses Across the Board
Nationwide, a property and casualty insurer, offers a diverse selection of solutions for companies of all sizes. The carrier is proud of its bespoke agribusiness products, which include commercial agribusinesses and comprehensive farm security. Businesses in this industry may also take use of free risk management services.
National is a great place to start.
Highlights from the coverage
Nationwide offers the following general liability insurance policies:
- Liability and medical cost coverage of up to $1 million per incident
- A general aggregate limit of up to $2 million has been established.
- A total of $2 million in products and finished activities is allowed.
- A $1 million personal and advertising injury limit is available.
- Up to $100,000 in coverage for damage to rental premises.
Nationwide will not let you choose your chosen limits throughout the application procedure. You may, however, chat with a representative to further personalize your general liability quotation. Another Nationwide partner, such as Hiscox or Markel, may underwrite your policy to provide additional coverage.
Costs
On its website, Nationwide does not disclose pricing information for general liability insurance. It does, however, promise to provide a variety of payment choices. A coverage adviser tool is available from the carrier. Enter your company’s basic information to see your coverage choices right away, as well as what companies similar to yours are buying and for how much.
Liberty Mutual is the best insurance company for wholesalers.
Liberty Mutual is a well-known brand for personal insurance, but it’s also a top 10 business insurance provider. Wholesalers can get the general liability insurance they need to protect themselves against the various third parties that contact with their business. This carrier focuses on providing a great client experience by making everything as simple as possible, from acquiring estimates to submitting claims.
Visit Liberty Mutual* for further information.
*A quotation from Liberty Mutual was given by Commercialinsurance.net, one of our partners.
Highlights from the coverage
Liberty Mutual’s general liability insurance policy choices include data theft and cyber coverage endorsements, which may help your company recover if its systems and/or customer information are compromised.
Wholesalers may also benefit from Liberty Mutual’s customized coverage, which includes:
- Coverage of criminal activity
- Coverage for motor carriers
- Liability for non-trucking accidents
Costs
Liberty Mutual’s general liability insurance costs vary based on a number of circumstances, and the firm does not disclose pricing information on its website. When opposed to buying individual policies, combining different coverage types in a BOP saves money. Furthermore, Liberty Mutual has relationships with over 14,000 organizations, so you could be eligible for an affinity discount—for example, via an alumni association.
How Did We Assess Commercial General Liability Insurance Providers?
When it comes to general liability insurance, small company owners desire excellent coverage while also keeping an eye on their costs. We evaluated general liability carriers using the following criteria in response to these concerns:
- Costs: We evaluated general liability insurance quotes from a number of sectors, searching for feasible discounts and inexpensive payment options while keeping in mind that the cheapest general liability insurance is not always the best.
- Underwriting regulations of insurers may have an influence on coverage limitations; certain small business insurance firms may also provide bundled coverage or endorsements to further customize coverage.
- Features available on the internet: Online quotes, policy administration, and claim filing are all becoming increasingly widespread; these features may make insurance more convenient for business owners, so we include them in our evaluation.
- Financial stability: Financial stability is a crucial consideration when evaluating general liability insurers because it shows they can pay claims when the time comes, so we reviewed ratings from agencies like A.M. Best, Standard & Poor’s, and Moody’s.
Just because a company needs general liability insurance doesn’t mean it has to take the first policy offered by its local brokers. Coverage must be tailored to a company owner’s individual risks without breaking the bank. However, in order to get the most bang for their buck, company owners should think about policy terms, internet accessibility, and supplementary services.
Conclusion
When it comes to general liability insurance, premium is just one thing to consider. To make sure they’re receiving the most bang for their buck, small company owners should examine policy terms, endorsement possibilities, and other benefits. If all of this seems too much for you to handle on your own, commercial insurance brokers can help you sort through your worries and locate the best coverage for your small company.
One of the reasons why so many small company owners choose The Hartford for their general liability insurance is because of its value. It provides a comprehensive general liability coverage at a cheap price. It also makes acquiring quotations simple because to its internet platform.
Travel to Hartford, Connecticut.
The “small business general liability insurance” is a type of insurance that protects the company against any claims by third parties. The companies listed below have been ranked as the best in their field.
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