Best Commercial Insurance Companies in the United States: The Most Recognized in NY, CA, TX and FL

To protect a business from any damage or loss, it is always best to have commercial insurance. There are many events or occurrences that can compromise your investment, such as fires, theft, natural disasters, vandalism, and if you do not yet have commercial insurance, we will help you choose it.

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Most Popular Commercial Insurance Companies in the United States

In the United States, there are some insurance companies that have become the most popular due to their excellent coverage, prices, and customer service. Do you know which ones they are? Find out more below.

Hixcox

This insurance has designed policies for small and medium-sized businesses, it specializes specifically in commercial insurance, which is why it is one of the alternatives with the most varied policies.

You can be sure that you will be able to purchase the insurance policy that best suits your business needs. Quotes can be obtained quickly from the website and it is available in almost every corner of the country, except Alaska.

Chubb

This company may not be as well-known, because the reality is that it does not invest an excessive budget in advertising, but it is still a reliable alternative.

Its policies are tailored to the characteristics of more than 1,000 types of businesses, whether it is a small company or a multinational corporation, Chubb will create the perfect policy for each of them.

The only drawback of this commercial insurance company is that it does not allow online quotes.

The Hartford

One of the oldest commercial insurance companies in the United States is The Hartford , but it is not only the long road it has traveled since 1810 that makes this company one of the best.

It also stands out for offering quick quotes from its website, has the most solid reputation in the market, and offers policies that can be customized, for example, you can add endorsements to your commercial policy to make the coverage even better. Although it is available in all states, it does not have the same number of agencies in each one.

Travelers

Like Chubb, this company stands out for offering the most reliable and varied policies, because it has thousands of options. In addition, you will find not only commercial policies but also individual ones.

Travelers insurance prices are among the most competitive. This company adapts to the needs of each client, which is why it even allows them to make claims online.

Progressive

Thanks to the way this insurance company promotes itself, it has become one of the most recognized. Its commercial auto insurance is one of the most popular, and it also has excellent commercial insurance policies. Some of its policies are civil liability, workers' compensation, professional liability, among others.

Progressive has a claims service available 24 hours a day, 7 days a week.

Best commercial insurance in New York

Progressive and The Hartford are some of the most popular commercial insurance companies in New York , however, another alternative that you can consider if you have a small business is Hiscox, we have already given you some details of what these insurers can offer you.

Most Popular Commercial Insurance in California

In California, The Hartford also appears to be an excellent option, but it is not the only one. Another alternative we can recommend is Next Insurance.

This is an insurance policy that focuses on helping small businesses protect their growing businesses. Its coverage is adapted to more than 1,000 types of businesses.

In just 10 minutes you can get an insurance policy from their website, which makes the process even simpler. This is precisely what makes them the most trusted commercial insurance in California .

Best Business Insurance in Texas

Travelers and Chubb are among the top three commercial insurance companies in the United States, the third option is represented by Liberty Mutual .

At Liberty Mutual, there is insurance for small businesses, medium-sized companies, large companies and even for industry. From the website you can get help and answers to any questions or requests.

Most Trusted Business Insurance in Florida

In Florida, there are 5 commercial insurance companies for businesses that have earned a spot among the best. Netx Insurance ranks as the best overall, The Hartford stands out for having the most comprehensive coverage.

Hiscox has earned a spot as the best for independent contractors and Embroker , which is one of the alternatives we haven't talked about throughout the post, is a great value business insurance.

This last company has the most competitive prices, customized policies and, in addition, obtaining this insurance is quite simple.

Most trusted commercial auto insurance in the USA

If you are looking for commercial truck insurance, there are also some very good options. Let's take a look at some of them.

National Interstate

This insurance company specializes in commercial transportation vehicles and trucks, and its coverage options stand out for being the most extensive.

Among the insurance offered by National Interstate we can highlight: civil liability, physical damage insurance, cargo damage insurance, among others.

NationWide

This insurance company is very popular in the country for a variety of factors, starting with the fact that they have a variety of insurance, among these is commercial auto insurance .

Companies dedicated to agribusiness, construction and manufacturing stand out among the priority clients of this insurer. If you want to insure your company's fleet of vehicles, you should definitely consider NationWide .

Sentry

With a history of over 100 years, Sentry has become the most trusted company for commercial truck insurance . Large companies in the construction industry trust this company to insure their vehicles.

In fact, some of the largest car dealers choose this alternative. Even the smallest companies trust Sentry to take care of their commercial vehicles.

Most common types of commercial insurance in the United States

The types of commercial insurance that any company in the country should have are:

Civil liability

This type of policy is intended to provide coverage for losses or damages to third parties caused by accidents arising from poor work performed by one of the company's employees.

Against crimes

In this case, the coverage is intended to cover expenses arising from theft or vandalism suffered by the insured company.

For business owners

This type of insurance is also called BOP, it is basically an insurance made up of multiple policies, which covers civil liability, crimes, among others.

Commercial property

With this insurance you can have peace of mind and certainty that your company's physical assets are protected. It covers the protection of buildings, inventory, equipment and much more.

Cyber ​​​​liability

In the event of damage resulting from data leaks, loss of electronic data, cyber attacks, this insurance guarantees the best coverage.

Commercial vehicle

Commercial vehicle insurance protects the fleet of vehicles that are part of a company, in case they are involved in an accident or theft.

Against business interruption

If the company were to suffer a stoppage for any reason, any commercial losses that may arise from this will be covered by this insurance.

From accounts receivable

Its objective is to cover all losses that may arise due to delinquent clients.

What is the cost of commercial insurance in the United States?

The prices or rates to be paid for your insurance policy will be conditioned by many aspects:

• First of all, the type of business and the activities it carries out.
• The income you earn.
• The coverage limit you wish to obtain.
• The location and size of your business.
• Any claims history you may have.
• Deductible.
• Quantity of employees.

But to give you an idea of ​​the average cost, here are some rates based on the company's income.

• If your company generates, for example, $250,000, and obtains a liability policy for a total amount of $2 million, the annual premium can be around $1,300.
• However, if the company has more than $3,000,000 in revenue, under the aforementioned liability policy conditions, the premium can rise to $10,300 per year.