Best Online Business Insurance of 2022

Getting business insurance can be quick and painless. The fastest way to protect your small business is to get a quote from an online insurance company.

Compare the best online business insurance companies, types of coverage, and insurance costs to help you decide which provider is right for your business.

Recommended: You can protect your small business with Next Insurance in just a few minutes. Get an online quote

Our Best Online Business Insurance Companies for 2022

     

Next Insurance

four point seventy five out of five stars

4.75/5

BEST FOR SMALL BUSINESS OWNERS

  • Work directly with an insurance provider
  • Specialized in small business insurance coverage
  • Get a quote in under five minutes
START A QUOTE

Tivly 

Four point five out of five stars

4.5/5

BEST OVERALL INSURANCE MARKETPLACE

  • Get connected to the best provider for your business
  • Get a quote on the phone between 8 a.m.–8 p.m. (Monday–Friday)
  • Coverage for a large variety of small businesses
START A QUOTE

The Hartford

four point twenty five out of five stars

4.25/5

  • Direct insurance provider, not a marketplace
  • Offers niche and specialized insurance policies
  • Get an online quote within minutes
START A QUOTE

CoverWallet

four out of five stars

4/5

 

  • Get an online quote in just a few minutes
  • Sign up for business insurance and manage policies from smartphone or desktop
  • Customizable insurance policies
START A QUOTE

Hiscox

four out of five stars

4.25/5

  • Insures micro-businesses and startups
  • Coverage for 180+ professional services
  • Offers short-term insurance policies
START A QUOTE 

Our Approach:

We’ve rounded up the best small business insurance companies that offer quotes and services 100% online. Providers are ranked based on the following factors:

  1. User-friendly website or mobile app
  2. Types of coverage offered
  3. Cost and value of coverage
  4. Digital proof of insurance and claims filing process
  5. Virtual customer service options

When selecting an insurance company for your business, you’ll want to consider what type of coverage you need, how much you can afford in monthly premiums, and the amount of risk associated with your type of business. Learn more about small business insurance and why it’s important to protect your business assets.

Top 5 Online Insurance Companies for Small Business:

  1. Next Insurance: Best online business insurance with quick and easy quotes and sign-up.
  2. Tivly: Best small business insurance marketplace.
  3. CoverWallet: Good for getting multiple online quotes from top business insurance companies.
  4. The Hartford: Good for specialized coverage and custom packages.
  5. Hiscox: Good for micro-businesses.

1. Next Insurance: Best Online Business Insurance

Next Insurance is best option for small businesses looking to buy business insurance online. With sleek mobile apps and an easy-to-use website, business owners can get a quote, customize their policies, sign up, and download an instant Certificate of Insurance (COI) without speaking to a broker or walking into an agency. Policyholders can pay insurance premiums, download proof of insurance, access PDF policy documents, and even file insurance claims from their phone or computer.

Thanks to their 100% digital buying process, Next Insurance was named one of the “Top 50 Disruptors of 2022” by CNBC. Next Insurance also uses AI and machine learning to customize coverage options that cater to each individual business. In addition to common types of business insurance policies, Next Insurance also offers specific coverage by industry and by state. With Next, you can get a quote and buy business insurance in just a few minutes. Best of all, their customer support team boasts rapid response times, responding to most inquiries within 24–48 hours.

Some types of business insurance coverage that Next Insurance offers include:

  • General Liability Insurance
  • Business Owner’s Policy (BOPs)
  • Commercial Auto Insurance
  • Commercial Property Insurance
  • Professional Liability Coverage (Errors and Omissions Insurance)
  • Hired & Non-Owned Auto Insurance
  • Liquor Liability Insurance
  • Tools & Equipment Insurance
  • Workers’ Compensation Insurance

Pros

  • Get a quote and buy coverage same-day (10 minutes or less)
  • iOS and Android apps for complete management of your policies
  • Competitive premiums designed for small businesses
  • Customizable coverage based on need and budget
  • Convenient online chat support with fast response times

Cons

  • No brick-and-mortar locations; 100% online business insurance
  • Some specialized types of insurance coverage, like key person insurance, are not yet available
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Find the Right Coverage for Your Business

Next Insurance is a fully online provider dedicated to low-cost, high-protection coverage for small businesses. Get a quote instantly.

GET AN ONLINE QUOTE

2. Tivly: Best Business Insurance Marketplace

If you’re looking for an insurance marketplace with the best quotes for business insurance, Tivly is widely known and well-respected. This company takes the guesswork out of comparing quotes and coverage by putting policy options side-by-side under one online dashboard. Tivly works with the top business insurance companies to help you narrow down the search for a policy that’s perfect for your business. Signing up online with Tivly only takes a few minutes and support is also available by phone when you need it.

One feature that makes this company one of our favorite options is the ability to manage multiple policies from different insurance companies in one place. No need to keep track of complicated login information or even what policy is provided by what company. With Tivly, you can manage all of your insurance products, view policy documents, pay premiums, and even file claims all from their convenient online dashboard. If your business needs to carry more than one or two insurance policies, Tivly may be the way to go.

Tivly offers:

  • Business Owner’s Policy
  • General Liability Insurance
  • Business Interruption Insurance
  • Commercial Property Insurance
  • Professional Liability Insurance
  • Commercial Auto Insurance
  • Workers’ Compensation Insurance
  • Commercial Umbrella Insurance

Pros

  • Great customer service via online chat and phone
  • Easy-to-navigate website
  • Manage all of your policies under one roof
  • Shop and compare business insurance policies from multiple providers

Cons

  • Tivly is not a direct insurance provider.

3. CoverWallet: Good for Comparing Online Insurance Quotes

CoverWallet is another good insurance marketplace that allows small businesses to shop and compare coverage from multiple providers. With CoverWallet, business owners can get quotes and sign up for coverage all through their easy-to-navigate website. The company has partnered with a wide range of small business insurance providers, many of who have topped our list of Best Small Business Insurance Providers in 2022.

If you’re looking to expedite your insurance search, CoverWallet can connect you with the best companies with the best rates, all while allowing you to manage your policies via their website. Customer service is available both online and by phone with fast response times. They also offer customized business insurance products for unique circumstances that you may not find elsewhere.

Unique types of business insurance policies offered by CoverWallet:

  • Garage Liability Insurance
  • Pollution Liability Insurance
  • Professional Liability Insurance (Errors and Omissions Coverage)
  • Liqour Liability Insurance
  • Medical Malpractice Insurance

Pros

  • Easy-to-navigate website
  • Get fast, online quotes for multiple policies
  • Pay premiums, download documents, and manage policies online
  • Customer service available by online chat, phone, or email

Cons

  • Brokerage fees may apply
  • Quotes can take 24–48 hours depending on the provider
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CoverWallet

Learn if CoverWallet can help you find unique coverage for your small business in our complete CoverWallet review.

4. The Hartford: Great for Specialized Insurance

The Hartford is another well-known provider that offers online quotes and instant coverage for businesses of all types and sizes. For over 200 years, The Hartford has helped millions of business owners protect their assets with customized insurance packages based on the coverage they need at prices they can afford. If your business is under a strict budget, The Hartford may be able to customize your insurance policy to include only the coverage you need while stripping away the coverage you don’t, which can save you hundreds of dollars long-term. Support is available online via chat or email and phone if you prefer to speak to an agent. The Hartford also has an extensive insurance blog to help you learn more about the world of business insurance and answer any questions you may have about coverage.

Small business policies that The Hartford offers include:

  • Business Owner’s Policy
  • Commercial Auto Insurance
  • Business Liability Insurance
  • Commercial Property Insurance
  • Lost Business Income Insurance
  • Business Interruption Insurance
  • Professional Liability Insurance
  • Workers’ Compensation Insurance
  • Cyber Insurance
  • Commercial Umbrella Insurance
  • Employment Practices Liability Insurance

Pros

  • Long history with an A+ financial strength rating through A.M. Best
  • Easy online quote generator with great rates
  • Named "World’s Most Ethical Company" by Ethisphere Institute
  • Customizable insurance policies based on need and budget

Cons

  • Poor J.D. Power "Small Commercial Insurance Study" reviews
  • Complaints through the National Association of Insurance Commissioners.

Read our full The Hartford Small Business Insurance review.

5. Hiscox: Good Fit for Micro-Businesses

Just getting started? Hiscox is a business insurance company that has helped thousands of small businesses, micro-business, and startups protect their business. If you have been denied coverage by another provider due to limited history or other factors, Hiscox may be able to help you get the coverage you need. Types of coverage include short-term business insurance policies, industry-specific policies, and policies for a wide range of professional service-based businesses.

The company also has a clean, well-designed website on which you can get quotes and sign up for coverage without the need to speak to an agent. If you do need help, Hiscox has a dedicated team of professionals ready to walk you through types of coverage and policy details, and even match you with a policy that fits your needs and budget.

Some types of business insurance that Hiscox offers:

  • General Liability Coverage
  • Professional Liability Coverage
  • Business Owner’s Policy
  • Short-Term Insurance Policies
  • Cyber Insurance
  • Workers' Compensation Insurance
  • Coverage for 180+ professional services

Pros

  • Online quote generator
  • Specializes in small business insurance
  • Serves businesses of all sizes and new businesses
  • High ratings by major rating firms
  • Educational website and podcast
  • Over 10,000 positive customer reviews

Cons

  • Most customer reviews can only be found on the company’s website.

Read our full Hiscox Small Business Insurance review.

Types of Small Business Insurance Insurance

Before you start your search, you’ll want to know what type of small business policy you’ll need to protect your business and its assets. To start, a general liability insurance policy or business owner’s policy bundle should cover most small businesses and startups from common risks. Depending on your business, you may want to consider one or more of the following business insurance policies:

The type of business you operate, the potential for risk, and budget will determine which business insurance policies you’ll want to consider. 

Learn more about the different types of business insurance with our complete guide.

Small Business Insurance FAQ

What is the best insurance for small business?

The best insurance for small businesses depends on your specific small business and what your business needs are. To get started, most businesses will benefit from carrying general liability or a business owner’s policy that combines general liability with other business insurance coverages recommended for small businesses.

What business insurance companies offer online quotes?

Next Insurance is the best online business insurance company that offers a completely digital experience. Business owners can get a quote, sign up for business insurance policies, get proof of coverage, and file claims all from the Next Insurance website or via mobile app.

What insurance do I need for small business?

Small businesses need general liability insurance. Depending on the industry you operate in, your business may need additional types of coverage.

Do I need business insurance for an LLC?

Owning a limited liability company (LLC) does not exclude your business from state and licensing requirements. You'll want to research your local requirements for the type of business you operate to determine what coverage, if any, is legally required.

How much does small business insurance cost?

The amount of insurance you need depends on the type of business you operate. The average cost of small business insurance typically ranges between $700 and $3,800 per year. Costs will vary depending on factors such as location, type of work, number of employees, type of insurance policy, and more.

Who has the cheapest business insurance?

Many factors determine the quote a business receives when signing up for business insurance. The best way to find the lowest-cost business insurance is to get several quotes from top providers.

Do I need general liability insurance for my business?

If you don't have any other types of coverage, a general liability policy may be a good place to start protecting your business assets. General liability insurance is considered a broad policy that protects your company in the event of claims related to bodily injury, property damage, and more.