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:
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.
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:
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.
Most states require some form of insurance for small business owners. No matter how careful you are, accidents can happen. When they do, having the right types of coverage can make all the difference. Without business insurance, you’d have to pay out of pocket for costly claims like lawsuits, libel, bodily injury, property damage and other unexpected events. Learn more about insurance needed for small business.
There’s not a one-size-fits-all small business insurance policy that covers every claim. The best small business liability insurance policy for one company may not be good for your company. Many small business owners start with a BOP because it contains liability and property coverage. A BOP can help protect your business from:
We proudly partner with more than 1.5 million small business owners throughout the country. If you’re looking for more information about how to get small business insurance where you live, check out our state business insurance page.
Registering your business as a limited liability company (LLC) doesn’t protect your business from risks. We created our LLC insurance specifically for small business owners. The cost of LLC insurance can help keep you covered from devastating financial losses.
Our BOP bundles these three types of business insurance together to make it easier for you to protect your company.
Whether you’re starting a new venture or expanding your operations, nearly all small businesses will need extra capital at some point. Whatever the reason, there are several financing options available for small business owners to choose from. The Hartford has partnered with leading lenders to help you find the right small business loan for your business.
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.
Our specialists are here to help ensure you have the right kind of small business insurance, personalized to your company’s unique needs.
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1 Premium amounts presented are based on monthly premium paid by The Hartford's Small Business customers between 1/1/22 and 9/14/23 for 12-month policies. Premium is derived from a number of factors specific to your business and may vary.
*** Based on a 2023 study by Keynova (formerly Dynatrace). Additional disclosures below.
Not sure if your small business is fully covered? Learn more about the policies you should be regularly reviewing.
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The Hartford shall not be liable for any damages in connection with the use of any information provided on this page. Please consult with your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational in nature.
The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined following a claim investigation.
Certain coverages vary by state and may not be available to all businesses. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc. listed in the Legal Notice.
The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, CT. For additional details, please read The Hartford’s Legal Notice.
* Customer reviews are collected and tabulated by The Hartford and not representative of all customers.
