When starting your new business, you want to be well protected, so today we’re going to talk about small business insurance. Today the best of them can provide simple policies for everyone.
Besides, they offer easy bonuses to get. But first, you must investigate to see if they have the one you want. With the user’s opinions, you can decide which ones to trust when you have a problem.
It is always necessary to have insurance, regardless of your company size. In this way, you will have an ally capable of solving the problems and ensuring the new business benefits. Something important to keep in mind is that the best small business insurance offers liability claims and responses in case of damage.
What is insurance?
Let’s start with the main thing and explain the meaning of insurance. Many people today have one for their properties or businesses, but still don’t know exactly what it is. To summarize, insurance is a contract represented by a policy, and through it, a person has financial protection. Likewise, in loss events, said user will be able to receive a refund.
In other words, through a policy, an individual can be covered if any financial risk occurs, no matter how big or small their business is.
What is the best small business insurance?
Depending on the coverage, your need, and your budget, there are a lot of small business insurance companies. That is why you must study all of them and analyze them according to what your business requires.
The Hartford
The Hartford is one of the best insurance companies that provide policies for small businesses. They have plans for specific industries and fairly large coverage. It has a trained and professional staff and is one of the most recommended by users. Also, their customer service and complaint support are available around the clock in case of unexpected issues.
When it comes to small business insurance, Hartford provides employee compensation, business auto, cyber insurance, and more. Its price varies according to the coverage you want; for example, one of the lowest is called “Stretch” and covers simple accidents. This plan, to add BOP, costs around 100 dollars or 1985.98 Mexican pesos.
Nationwide
If you want insurance that specifically addresses accident and resource security, then Nationwide is for you. This company offers users a great protection plan for employees who injures during their work. The bosses or business owners will be able to obtain a policy that offers security against commercial crimes and builders’ risk.
To find out the costs of Nationwide policies, you have to speak directly with the agents, since the website does not have that information. However, they guarantee that their prices are quite accessible and adapt to their client’s needs.
Hiscox
Hiscox is the best option for micro-enterprises with few employees. Despite that, they have various coverages, no matter what industry you are into. Currently, they have more than 100 different professions, so there are many alternatives available. Within this small business insurance company, you will be able to get coverage associated with liability and crimes committed by the same employees.
In general, Hiscox has very good prices, having a minimum cost of 350 dollars or 6,950.93 Mexican pesos per year.
Liberty Mutual
Liberty Mutual is an insurance company with several simple coverages for small business owners. Their experience in the field goes beyond any other and is capable of protecting businesses of all sizes.
With BOP included, you have over 8 million income eligibility. Regarding employees, Liberty Mutual covers between 800 and 1,000; plus any other equipment that has been damaged.
Electronic data or employee tools are also covered since it provides more than 20 thousand dollars (more than 300 thousand Mexican pesos).
The cost of this insurance is different according to what you require, however, the price is between 200 and 3,000 dollars; that is, around 3,000 thousand and 50,000 Mexican pesos.
Progressive Commercial
Are you starting a transport company and want to be protected? Then Progressive Commercial is the insurance for you. It is a company that offers commercial policies for those businesses that want to ensure their commercial cars, buses, trucks, and more. Among all the insurances that exist today, this is one of the most popular due to its coverage capacity and additional benefits.
Its cost depends on the type of transportation that the company has. For example, insurance for commercial cars is 2,208 dollars or 43,850.44 Mexican pesos per year. On the other hand, with trucks, the premium increases today are between 9,540 and 11,172 dollars or 189,462.49 and 221,873.69 Mexican pesos.
In the same way, they have a professional liability policy with a cost of 552 dollars or 10,962.61 Mexican pesos.
CNA
In case of emergency, it is always good to be prepared, that is why we present you CNA, one of the best small business insurance today. It is a company that provides a large number of policies. CNA is primarily focused on professional responsibility. In other words, it is the best option for business owners who want to protect themselves against claims of negligence, errors, or omissions.
Their price is not published on the page, but according to the information they provide, they are very affordable and accommodate the user. Therefore, they try to remove the coverages that you do not need to reduce payments.
Why must you have small business insurance?
When you want to open a new business, there are many things to focus on, so it is normal to forget about the future. Therefore, when problems appear, you are caught off guard and end up losing a lot of money in the process.
That is why the most recommended is always to acquire a company that can protect you against financial losses. Small business insurance has several benefits that cover you against damage caused by different sources, both internal and external.
