Best Small Business Insurance
We score insurers on coverage depth, quote speed, pricing, and claims satisfaction — so you pick the right protection for your business.
Affiliate Disclosure: We research and test every product independently. We may earn a commission if you purchase through our links — this never affects our rankings, scores, or editorial independence. All tier assignments are based strictly on our 100-point rubric.
How We Rank Small Business Insurance
100-point rubric · 6 weighted criteria
Gold — Best in Category
90+ points. Excellent across every criterion.
Hiscox
120-year-old A+ rated insurer with instant online quotes for 180+ professions — the gold standard for small business insurance
Hiscox is the top pick for small business insurance because it combines genuine financial strength (A+ AM Best, 120+ years in business) with a modern online experience — you can get a bindable quote for general liability, professional liability, or a business owner's policy in under 10 minutes, with no agent required. It earns Gold because it covers the widest range of professions (180+), has one of the lowest complaint ratios in the industry, and starts at around $29/month — affordable enough for a solo freelancer but robust enough for a 50-person firm. It doesn't reach perfect scores because it's slightly more expensive than marketplace comparison tools, and its mobile app is thin compared to app-first competitors.
From $29.17/mo
Choice Home Warranty
America's most popular home warranty — covers 25+ appliances and systems for one low annual fee with 24/7 claims
Choice Home Warranty earns Gold as the most-used home warranty provider in the US, serving over 1.5 million customers with coverage that repairs or replaces 25+ major home systems and appliances. Its appeal is simple: one flat annual fee, no inspection required, and a nationwide contractor network available 24/7. For homeowners who want protection from unexpected HVAC, plumbing, or appliance breakdowns without paying out-of-pocket for repairs that routinely run $500–$3,000, Choice Home Warranty is the clearest recommendation in the category. The main trade-off is an industry-standard limitation: items must be in good working order at policy start, and certain component failures may be partially covered rather than fully replaced.
From $36/mo
Silver — Strong Choice
75–89 points. Solid option, missing a few things the Gold tier has.
Simply Business
The insurance comparison marketplace that shows competing quotes from multiple carriers in minutes — best for finding the lowest price
From $25/mo
Simply Business
Compare quotes from multiple business insurance carriers in one place
Contact for pricing
New York Life
The financially strongest life insurer in the U.S. — built for permanence
Contact for pricing
Next Insurance
100% digital small business insurance with instant COI download
Contact for pricing
Bronze — Worth Considering
60–74 points. Functional, entry-level, or niche-specific.