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Best Business Insurance in Arkansas of 2025

Bryan Keith

As your business grows, so does the need for insurance. In the event of an unexpected accident or natural disaster, you’ll want to keep your business afloat. The last thing you need is to worry about how to pay for these damages or get your business back on its feet. And that’s where business insurance comes in. But there are many different kinds of policies to choose from. How do you know which one is right for your company? Your success as a business owner depends on knowing exactly what type of policy you need and finding the best policy for you. We’ve evaluated the best business insurance providers based on coverage, financial stability, customer satisfaction, and overall quality. 

Offers a range of insurance poilicies

$2,000,000

Coverage Up To

$0 - $2,000

Deductibles

Overview

Simply Business provides insurance policies for a range of professions and small businesses.

What we like

  • Various business insurance policies
  • Quotes from multiple providers
  • Fast and easy application
  • Strong customer satisfaction

What we don't

  • Policies are a through a third party
  • Claims must be filed through insurance provider

Serving 1,000,000+ Small Business Owners

hartford business insurance logo
4.9

$2,000,000

Coverage Up To

$1,000+

Deductibles

Overview

For more than 200 years, the Hartford Insurance helped over 1 million businesses just like yours.

What we like

  • Affordable insurance plans
  • Customized coverage to fit your business
  • Get covered within minutes
  • Near instant access to proof of insurance
  • Quick and easy to process claims

What we don't

  • NA

Covers a wide range of industries

$2,000,000

Coverage Up To

$1,000+

Deductibles

Overview

Coverwallet began its journey in New York City in 2015 operating under the Aon Insurance banner. At Coverwallet, you can access everything you need to keep your company well-protected at an unbeatable price.

What we like

  • A skilled advisor to assist you
  • Free quotes from multiple insurance carriers
  • Covers low risk to even some high risk industries
  • Online account management

What we don't

  • No brick-and-mortar offices
  • Deductible costs

Affordable plans and coverage provided within minutes

$2,000,000

Coverage Up To

$0 - $2,000

Deductibles

Overview

Next Insurance leverages AI technology to streamline the process to purchase insurance, track claims, and manage policies at no additional cost.

What we like

  • Affordable insurance plans
  • Customized coverage to fit your business
  • Get covered within minutes
  • Near instant access to proof of insurance
  • Quick and easy to process claims

What we don't

  • Not available in New York

Customized solution to fit your business needs

$2,000,000

Coverage Up To

$0 - $10,000

Deductibles

Overview

With a 100-year history of insuring businesses, Hiscox is well-known across America and globally. With more than 500,000 small business customers, Hiscox is fully aware and trained in the unique risks a business can face.

What we like

  • Established insurance company
  • Dual auto insurance
  • Customizable insurance for over 180 industries
  • Deductibles starting at $0
  • Affordable rates

What we don't

  • Limited US offices
  • Coverage limited to $2 million online

Flexible coverage by the year, month, day, or by the job

$2,000,000

Coverage Up To

$0 - $10,000

Deductibles

Overview

Thimble provides business insurance that can be tailored to your business by the year, month, day, or even the job. At Thimble, the process to getting the right business insurance is simple, scalable, and flexible.

What we like

  • Scheduled coverage options
  • Coverage by the job available
  • Buy a policy online within minutes
  • No hidden fees
  • Affordable plans
  • Drone insurance

What we don't

  • Not available in New York

What are the requirements for business insurance in Arkansas?

Businesses in Arkansas are required to carry workers’ compensation insurance if they have three or more full-time or part-time employees. Employers are also required to carry unemployment insurance.

Other types of business insurance that may be required in Arkansas include commercial auto insurance for businesses that use vehicles for work-related purposes and commercial property insurance for businesses that rent or own their office space.

What are the types of business insurance in Arkansas?

Here are some common types of business insurance policies in Arkansas:

General liability insurance

General liability insurance is usually required for businesses that have customers visit their property. It covers you for third-party claims for bodily injury, property damage, advertising injury, and personal injuries, such as false imprisonment or emotional distress. Generally, these claims come from a customer or client who has been injured while on your premises because of your negligence. The insurance may pay for the client’s medical bills, lost wages, and other damages.

General liability insurance excludes coverage for:

  • Professional liability (errors and omissions)
  • Intentional injuries
  • Dishonesty, fraud, or criminal acts
  • Contracts (you must purchase a separate business insurance policy or endorsement to be covered for particular contracts)
  • Employment-related practices (you can add coverage to your general liability policy by adding an employment-practices liability insurance endorsement)

Business owner policy (BOP)

A BOP includes coverage for general liability as well as property and business interruption insurance. If you own a small business with limited risk and exposure, a BOP may be right for you.

Commercial vehicle insurance

If your company owns vehicles or if employees drive their own vehicles on company time, commercial vehicle insurance can protect you in the event of an accident. This type of coverage is required in most states if your business uses vehicles for a variety of purposes, including deliveries and sales calls.

The following are some of the categories mentioned in the commercial auto insurance exclusions:

  • Damage or loss of property is not covered if it is caused due to the use of vehicle for illegal purpose.
  • There is no coverage for any bodily injury or property damage if you drive under the influence of alcohol, drugs, and narcotics.
  • If you drive without a valid license, then there is no coverage.
  • If any unlicensed driver drives your vehicle then there is no coverage for any damage or loss of property.
  • There is no coverage if you drive your vehicle recklessly and cause an accident.
  • If your vehicle is driven by other person without your permission, then there is no coverage for theft of vehicle.

Professional liability insurance

Also called errors and omissions (E&O) or malpractice insurance, this policy covers your business for claims made against it by clients for inadequate work or negligent actions.

Here are a few of the most common exclusions in a professional liability business insurance policy:

  • Losses arising from being negligent or failing to perform.
  • Losses arising from intentional acts or omissions.
  • Losses arising from an error, omission, or negligence on the part of non-named insured persons.
  • Losses arising from failure to pay amounts owed to any third party.
  • Losses arising from the infringement of any trademark, copyright, trade secret, patent, license or franchise.

Workers’ compensation insurance

 Provides cash benefits and medical care for employees who are injured on the job. 

It’s important to note that workers’ compensation business insurance policies do not cover every type of worker-related incident. Here are some exclusions that you should be aware of:

  • Intentional Injuries: If an employee receives an injury due to his/her own intentional act, there is no coverage under this policy. For example, if an employee intentionally injures another employee, he/she will not be covered under this policy.
  • Illegal Activities: If an employee is injured or sustains injuries while performing illegal activities, such as using drugs at work, he/she will not be covered under this policy.
  • Auto Accidents: If your employees are in an accident while driving for business purposes, they will not be covered by this policy. They must obtain auto liability insurance for business use instead.
  • Hazardous Activities: Your workers’ compensation business insurance policy will not cover injuries sustained during activities like skydiving, and rock climbing.

How much does business insurance cost in Arkansas?

Business insurance costs vary depending on a number of different factors. Insurance companies may consider the following factors when determining how much it will cost to insure your business:

What does your business do?

Some industries have higher risks than others. For example, a law firm is less likely to have a fire or flood than a restaurant. Insurance providers use different risk profiles for businesses based on what they do. The riskier the industry, the higher the premiums.

Where is your business located?

The location of your business can affect your insurance rates. For example, you may pay more if you’re located in an area where there is a greater risk for natural disasters such as floods or earthquakes. Other factors that can impact your insurance rates include whether you’re located in an urban or rural area and how close your business is to a fire hydrant or fire station.

How big is your business?

Larger businesses typically pay more for commercial insurance than smaller businesses because they generally have more exposure to claims and losses. Size is usually determined by revenue, number of employees, or both. 

Type of insurance you need

Some types of coverage will be less expensive than others. If your business relies on a specific product that is only sold online, for example, it might make sense to buy that protection as part of your package.

Products you sell.

Do you have unique items that could be stolen? Electronics or other high-value goods might require additional coverage beyond what a standard policy would cover, which could add up quickly.

How to choose the best business insurance in Arkansas

Here are some tips to help you choose the best policy:

  • Assess your business needs.
  • Know what your state requires.
  • Learn about different types of business insurance policies.
  • Compare different insurance quotes.
  • Review all coverage plans thoroughly before you buy and make sure they meet your needs; check reviews of insurance companies and ask the company questions if you have any doubts or concerns.