Protect Your Small Business in Minutes
Get customized insurance to fit your business’ needs.
200+
Years Proudly Serving Our Customers
1.5MM+
Small Business Customers
#1
Digital Small Business Insurer by Keynova***
Get a Free Online Quote for Small Business Insurance
Whether you’re in the retail, construction or financial services industry, most small business owners need small business insurance. Having it can help protect the livelihood you’ve worked so hard to build. The right small business coverage can help cover expensive damage and lawsuits from:
- Accidents
- Natural disasters
- Professional errors
- Workers’ comp claims
What Is Small Business Insurance?
By definition, small business insurance is a type of coverage designed to protect a small business from various risks, such as property damage, liability claims or employee-related issues. It can help make businesses better prepared in case the unexpected happens. Common types of coverage include:
- General liability insurance
- Commercial property insurance
- Workers' compensation insurance
Not all insurance policies are the same. Your insurance policy is specific to your small business, the risks you face and the needs you have.
Find the Right Type of Insurance for Your Small Business
Having the right types of small business insurance helps protect your company’s personal property and income. It also helps safeguard you against liability claims. Learn more about what small business insurance is.
This helps protect your business and its assets in the event of a lawsuit for things like negligence, bodily injury, property damage, libel and slander.
Most state laws require you to carry this insurance to help compensate employees for expenses associated with work-related injuries or illnesses like medical bills, rehabilitation and lost wages.
Data breach insurance, also known as cyber insurance, helps cover liability expenses from technology-related risks such as a data breach or cyberattack. If you collect, store, send or receive customer information, it’s important to protect against cyber risks.
Commercial auto insurance helps cover the cost of an auto accident if you or your employee is at fault. If you or your employees drive a vehicle for business reasons, having the right commercial vehicle insurance is important.
Professional liability insurance helps protect you and your company if you’re found negligent in the professional services you provided to a client, even if you didn’t make a mistake.
Business property insurance, also called commercial property insurance, helps protect your owned or rented building, tools and the equipment you use to operate your business.
Business Income Insurance, also known as business interruption coverage, helps replace your lost income if you can’t operate because of covered property damage. This includes damage from a fire, wind or theft.
How Much Does Small Business Insurance Cost?
On average, the cost of small business insurance is about $85 per month and $1,019 per year.1 Keep in mind that the cost of insurance varies because every small business is different and faces unique risks. What you’ll pay depends on different factors, like:
- The type of insurance you need
- Your claims history
- What industry you’re in
- The number of employees you have
- Your payroll
To save money, you can consider bundling coverages, like with a Business Owner’s Policy.
Learn more about small business insurance costs.
Who Needs Small Business Insurance?
Every small business has unique needs and risks associated with what they do. Having the right business insurance coverage is the best way to safeguard your business from unexpected events and accidents.
Why Over 1 Million Small Businesses Trust The Hartford
Not all insurance companies offer the same level of service. You’ll find that we’re more than just an ordinary insurance company – we’re a partner. We help small businesses with information on business insurance myths, business tax deadlines, business insurance tips and more.
Our representatives consistently earn some of the industry’s highest ratings and reviews for customer claims. We’ve also been recognized as a World’s Most Ethical Company® 14 times by Ethisphere.**
To find out how we can help protect your business, get a small business quote today.
Ready to Tailor Your Small Business Insurance?
Our specialists are here to help ensure you have the right kind of small business insurance, personalized to your company’s unique needs.
More Answers to Frequently Asked Small Business Insurance Questions
Customer Reviews
“You know you never think of workers’ comp until you pay for it and when that accident happens.”
Mark
“Claim was so easy to place online. Within 15 minutes … everything was taken care of almost immediately.”
Carl
“I’m confident that [The Hartford] will provide the highest level of service and support among business insurance providers.”
Chris
“[The] customer service representative was detailed on different options that would cater to my small business needs.”
Willie
“Our experience with [them] has been excellent and easy.”
Jon
“[They] took care of our claim without involving a great deal of my time.”
Martha
You Might Be Interested In:
Find out more about liability coverage and how it can help protect your small business.
Not sure if your small business is fully covered? Learn more about the policies you should be regularly reviewing.