Best Small Business Insurance for November 2024

With small business, you never know when certain kinds of crises could hit. Will a customer sue your business? Will a natural disaster wipe out your facilities? Depending on the type of coverage you get, a good business owners policy may cost as little as $300 a year for coverage starting at $1 million per incident.

After extensive research, our experts found that Next is the best business insurance company. Next is a great choice for busy entrepreneurs who want fast coverage they can buy and manage easily online. While it’s only been around since 2016, it earns a solid financial strength rating.

To choose the best commercial insurance companies for small businesses, we evaluated 19 national and regional insurers on 53 criteria in the following categories: cost, quote and application experience, customer satisfaction, coverage, accessibility, and financial stability.