Top Business Insurance companies in US and Canada


here’s unarguably no greater risk than being in a business. As a business owner, you live every day in fear of the unknown. A certain event might occur and you’d lose all your investment – this might be in the form of a lawsuit against your business, natural disaster, or an unforeseen loss. To mitigate the effects of these unfortunate scenarios, you must plan by insuring your business.

There are lots of business insurance providers for small businesses out there, each of which offers almost similar coverages but distinct strong points. Most of these business insurance providers also offer consumer/personal insurance which makes it an opportunity to buy both policies from one insurance company if you need both.

This guide reviews four great insurance companies in the U.S and Canada that might be your go-to in case you need to insure your business. These companies are one of the top business insurers around, and we’ve made it easy for you to decide whether or not they might be beneficial to your business.

  • State Farm

When it comes to customer services, the State farms insurance tops the rank. Not only do they serve their customers to the best of their capability, but they also offer amazing business coverage which includes – General liability insurance, commercial property insurance, nonprofit liability insurance, etc. State Farm sells its policies nationwide in the United States with over 19,000 agents working for them alone across each state. State post quote on their online platform; as such, one need to consult their network of agents to get the idea of their pricing. However, based on customer reviews one can conclude that they’re competitive when it comes to price.

  • The Hartford

If you ever need a business owner’s policy (BOP) for your business, then Hartford should be your first option. BOP unifies various coverage types under one policy, and it is more beneficial to businesses with less than 100 employees and less than $5million annual sales. Unlike others, Harford also includes Business Interruption Insurance in its coverage; this reimburses businesses after losing income to a natural disaster or forced closure.

  • The Guarantee

The guarantee boasts of over a century of experience when it comes to providing insurance for small businesses. The Canada based company is most reputable for their strong surety policy which of three types – Contract, commercial, and developer. Guarantee offers its client strong Niche coverage, Progressive coverage strong surety services amongst others.  Their coverages are the same as that of other Insurance providers.

  • Lloyd’s of London

If most traditional insurance company has refused to insure your business, then this company is your last hope. They are reputable in providing insurance for hard-to-insure businesses. These are businesses that operate in high-risk sector; as such, most insurance provider refuses them.

However, Lloyd’s of  London offers surplus line policies (which usually has more significant risk) to customers in general liability insurance, property insurance, cargo insurance, cyber insurance, commercial crime insurance, marine insurance and amongst others. They do not have their quotes online but one certain thing is that Surplus lines offers are costlier than other insurance providers’ premiums.


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