The Best Small Business Insurance Options in 2023


Small business owners have a lot on their plate, from managing day-to-day operations to strategizing for future growth. One essential element for protecting and ensuring the success of a small business is having the right insurance coverage. This article will explore the top small business insurance options available in 2023, as recommended by Forbes Advisor.

1. Hiscox

Hiscox is a well-established insurance provider that caters to small businesses, offering customized solutions across various industries. Known for its excellent customer service, Hiscox offers general liability, professional liability, and property insurance policies tailored to specific business needs.


BiBERK, a Berkshire Hathaway company, stands out for its tech-savvy approach to insuring small businesses. This online platform simplifies the insurance process and provides fast, accurate quotes. It offers general liability, workers’ compensation, professional liability, umbrella, and commercial auto insurance policies.

3. Nationwide

Nationwide is renowned for its broad range of coverages and personalized attention to small businesses. They offer specialized coverage options that cater to specific business types. With Nationwide’s wide reach and affordable premiums, it stands out as a reliable choice for small business owners.

4. Chubb

Chubb is a global insurance provider known for its top-notch risk management services and comprehensive suite of coverage options. They offer customized solutions for businesses across different industries, including general liability, commercial property insurance, workers’
compensation, management liability, and cyber liability policies.

5. The Hartford

The Hartford has been serving small business owners for over 200 years with tailored coverage options that adapt to their unique requirements. With its exceptional reputation for claim handling and customer satisfaction, The Hartford offers general liability policies, as well as specialized coverages such as data breach protection.

6. State Farm

State Farm has a vast network of agents available to assist small businesses with their insurance needs. Their competitive pricing and personalized services have earned them a loyal customer base. They provide a variety of coverage options such as commercial auto insurance, general liability, and property insurance.

7. Allstate

Allstate is yet another well-known name in the insurance market that caters to small businesses. They prioritize providing customized advice through their network of agents, allowing business owners to make informed decisions on their coverage. Be it liability or property insurance, Allstate ensures its customers get the best support and protection.


With several options available for small business insurance, it’s essential for business owners to assess the specific needs of their operation before selecting an ideal provider. By considering factors such as affordability, ease of use, reputation, and coverage types offered, you can find a trustworthy insurance company that gives you peace of mind in knowing your business is adequately protected.