Commercial insurance agents can help you find policies that fit the needs of. While Allianz may be best known for insuring large global companies, small businesses can also take advantage of its insight into the insurance industry. You probably know Allstate for its auto and home insurance, but the company also sells business insurance with an excellent complaint history. An Allstate agent can help you select the right coverage for your particular business.
Acuity works through local agents to provide insurance to a wide variety of businesses, from hotels to auto repair shops, retailers and restaurants. The CNA has an excellent record of complaints. With more than 300 types of coverage available at CNA, you'll have plenty of options to find the right business insurance. As one of the largest commercial insurance companies on our list, Travelers also has very few complaints about its business insurance.
Its wide range of commercial insurance solutions are available through independent agents. A Business Owner's Policy (BOP) combines corporate liability, commercial property, business revenue and equipment breakdown coverages into a cost-effective package for businesses. BOPs can be general in nature or customized to meet the specific needs of your company's industry. Standard BOPs include commercial property insurance, corporate liability insurance, business income insurance, or breakdown insurance from.
We chose State Farm as the best insurance company for small businesses overall because it offers several types of coverage through a national network of agents. In addition, State Farm agents are business owners, so they understand the needs of other small business owners. State Farm sells insurance in most states and offers policies designed for each stage of the company's growth cycle, including general liability, professional liability and other types of coverage that can be added to policies to meet individual needs. State Farm also offers business insurance designed specifically for certain industries, such as contractors, professional services, catering companies and retailers.
In addition to business coverage, State Farm offers discounts to policyholders that combine certain types of coverage, although discounts vary depending on the types of coverage that are grouped together. Discounts are not for combining business coverage. However, if you're happy with your State Farm business' coverage, you can get home and auto coverage with them and save. Every State Farm agency is independently owned, so each agent understands the unique needs of small business owners: they own businesses themselves.
This coverage can help protect your company from employee lawsuits that result in alleged discrimination, wrongful dismissal, harassment, or other employment-related issues. Since inflation issues cause stress, one thing that can give small business owners peace of mind is the protection that commercial insurance provides. This coverage can help you cover payroll, pay for relocation expenses, and replace lost income when a covered loss forces your business to close temporarily. Frankenmuth has personalized, business-specific insurance packages for operations such as retail stores, factories and small offices.
An important thing for business owners to remember about BOPs is that, while they include several types of insurance, each coverage included in a BOP generally has its own limits, deductibles and exclusions. The Hartford offers many types of commercial insurance, including general liability coverage, BOP, commercial cars, commercial floods, data breach, supplemental commercial coverage, business income and professional liability coverage. This coverage helps protect your company against theft, theft, counterfeiting, computer fraud, employee dishonesty and other crimes. After all, not having the right types of insurance can be the same as not having it at all, leaving businesses unprotected against many types of losses.
Similarly, commercial auto insurance does not provide coverage when a commercial vehicle is used for non-commercial purposes at the time of an accident. Business interruption insurance will help replace a company's loss of revenue under certain circumstances, but it may not replace all of the lost revenue. It's important to talk to an agent about your business before you buy to make sure you have coverage that meets your specific needs. This type of coverage can provide reimbursement for the resulting medical, legal and repair expenses if your company is responsible for injuring someone or damaging your property.
There are several other types of coverage available, along with other endorsements and supplements, such as home business endorsements. . .