Online options for buying small-business insurance are becoming more and more common. The best providers make it easy for you to purchase and manage policies digitally — while selling policies from financially strong insurers that receive limited numbers of complaints to state regulators.
Here are our recommended pick if you want to buy business insurance online.
Best overall online business insurance provider
Next Insurance
Policy types available online: Business owner’s policy, general liability insurance, commercial property insurance, professional liability insurance, workers’ compensation insurance and commercial auto insurance. Hired and non-owned auto insurance, tools and equipment insurance and liquor liability insurance are available as add-ons to other policies.
Pros:
Cons:
Why we like it: Next sells all the business insurance policies most entrepreneurs need online. You can shop using Next’s highly specific industry-tailored packages and buy all the coverage you need in one transaction. Its “Live Certificate,” a digital certificate of insurance, should also make it easy to prove you have insurance when a client or landlord asks.
Pros:
- Offers a 10% discount if you buy more than one policy.
- Underwrites its own insurance policies, so you’ll deal with Next directly when filing claims.
- Provides a digital certificate of insurance that you can share with anyone who needs it.
Cons:
- Customer support is primarily offered through live chat.
- Business owners will need to shop elsewhere for specialized types of coverage like directors and officers insurance.
Why we like it: Next sells all the business insurance policies most entrepreneurs need online. You can shop using Next’s highly specific industry-tailored packages and buy all the coverage you need in one transaction. Its “Live Certificate,” a digital certificate of insurance, should also make it easy to prove you have insurance when a client or landlord asks.
Best for buying a business owner’s policy online
ChubbPolicy types available online: Business owner’s policy, general liability insurance, commercial property insurance, professional liability insurance, workers’ compensation insurance, umbrella insurance and cybersecurity insurance.
Pros:
Cons:
Why we like it: Chubb’s business owner’s policy offers certain protections, like extra expense coverage and accounts receivable coverage, that isn’t always included in BOPs. Plus, Chubb has the largest share of the U.S. commercial insurance market, according to the Insurance Information Institute. And while Chubb has more than a century in business, its online experience for small businesses has contemporary features, like a bot that helps you choose coverage.
Pros:
- Business owner’s policy has business interruption insurance and extra expense coverage, which aren’t always included in BOPs.
- Coverage for accounts receivable records is included in Chubb’s BOP.
- Automated coverage companion provides an easy online shopping experience.
Cons:
- Chubb doesn’t sell small-business auto insurance online, so you’ll have to look elsewhere if you need that coverage.
- Only basic policies are available for online purchase; you’ll have to contact an insurance agent for specialized coverage types, like employment practices liability insurance.
Why we like it: Chubb’s business owner’s policy offers certain protections, like extra expense coverage and accounts receivable coverage, that isn’t always included in BOPs. Plus, Chubb has the largest share of the U.S. commercial insurance market, according to the Insurance Information Institute. And while Chubb has more than a century in business, its online experience for small businesses has contemporary features, like a bot that helps you choose coverage.
Best online marketplace for managing multiple policies
CoverWalletPolicy types available: Business owner’s policy, general liability insurance, business property insurance, professional liability insurance, commercial auto insurance, workers’ compensation insurance, umbrella insurance, D&O insurance, cyber liability insurance and more.
Pros:
Cons:
Why we like it: CoverWallet is not an insurance provider like the companies above. Instead, it’s an online marketplace that can help you get quotes from multiple insurers at once. You can buy insurance through CoverWallet — though you may need to pick up the phone to complete your transaction — then use its online platform to manage all of your insurance policies in one place.
Pros:
- You can get quotes from multiple insurers with a single application.
- CoverWallet’s dashboard lets you manage policies, pay premiums and manage claims from multiple insurers in one place.
Cons:
- You may not be able to complete the purchase process online.
Why we like it: CoverWallet is not an insurance provider like the companies above. Instead, it’s an online marketplace that can help you get quotes from multiple insurers at once. You can buy insurance through CoverWallet — though you may need to pick up the phone to complete your transaction — then use its online platform to manage all of your insurance policies in one place.
Best online business insurance for contractors
ThimblePolicy types available online: Business owner’s policy, general liability insurance, commercial property insurance, professional liability insurance, workers’ compensation insurance, commercial auto insurance, cyber liability insurance, inland marine insurance (which Thimble calls “business equipment protection”) and drone insurance.
Business interruption insurance, equipment breakdown coverage, and hired and non-owned auto insurance can be added to BOPs. Product liability insurance is available as part of general liability insurance.
Pros:
Cons:
Why we like it: Thimble offers unique features for contractors who work one job or one event at a time. Policies with short terms can help you comply with contractual requirements without buying a year’s worth of coverage. And its Certificate Manager can help businesses that hire other contractors stay on top of everyone’s coverage and make sure it’s compliant.
Business interruption insurance, equipment breakdown coverage, and hired and non-owned auto insurance can be added to BOPs. Product liability insurance is available as part of general liability insurance.
Pros:
- Offers policies by the day, month or event.
- If you’re a contractor or someone who manages contractors, you can use the Certificate Manager to buy an insurance policy that meets contractual requirements or verify that contractors have the right coverage.
Cons:
- Thimble’s customer service is limited to email and live chat.
- Thimble sells policies from other insurance companies, so you’ll deal with those companies instead of Thimble if you need to file a claim.
Why we like it: Thimble offers unique features for contractors who work one job or one event at a time. Policies with short terms can help you comply with contractual requirements without buying a year’s worth of coverage. And its Certificate Manager can help businesses that hire other contractors stay on top of everyone’s coverage and make sure it’s compliant.