FROM OUR PARTNERS
Having enough insurance to cover your business is crucial. But finding the right policy can be difficult, especially with the many options on the market. To help you get started, We’ve evaluated the best business insurance providers based on coverage, financial stability, customer satisfaction, and overall quality.
Simply Business provides insurance policies for a range of professions and small businesses.
For more than 200 years, the Hartford Insurance helped over 1 million businesses just like yours.
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.
Next Insurance leverages AI technology to streamline the process to purchase insurance, track claims, and manage policies at no additional cost.
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.
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.
As a business owner in Wisconsin, you would be required to have workers’ compensation insurance if you have employees and commercial auto insurance if you use vehicles for your business. You may also need other types of insurance to protect your business from financial loss. The following are the other minimum requirements for businesses in Wisconsin:
Property insurance is essential for protecting your business from unexpected losses due to fire, smoke damage, lightning strikes, and other natural disasters. Commercial General Liability (CGL) Insurance helps protect your company from lawsuits related to third-party bodily injury and property damage claims.
There are many different types of business insurance. Depending on the type of business, you may need more than one.
General liability insurance is what many people consider “basic” business insurance. This is for businesses that do not manufacture or sell products. This type of insurance covers any liability claims that arise from the operation of your business. For example, if someone were to get injured in your office.
General liability excludes bodily Injury: You or your employees accidentally injure someone. Property Damage: You or your employees accidentally damage someone else’s property (e.g., a customer’s laptop).
Workers’ compensation insurance benefits employees who suffer a work-related injury or illness. These benefits can include medical care, income replacement, and recovery costs. This coverage is required by law in most states if you have employees.
A common exclusion from workers’ compensation is domestic employees such as housekeepers, nannies, and babysitters. If you have employees who fall into this category, you should consider purchasing additional insurance to cover their injuries or illnesses.
Professional liability, also known as errors and omissions insurance (E&O), covers claims against you based on your advice or the services you provide. For example, let’s say you are a lawyer and one of your clients loses their case because of your negligence. Your policy would cover the legal fees to defend yourself, as well as any damages awarded to the client.
Professional Liability excludes products liability; If your products are defective and cause harm, you can be sued for damages: intentional acts and breach of contract.
Commercial property insurance covers damage to your building and its contents caused by fire, theft, vandalism, and other specified perils. It also covers lost income if your business is forced to close while repairs are being made due to an insured event (for example, a fire).
Commercial property insurance may exclude coverage for accounts receivable, credit cards and funds, valuable papers and records, outdoor fixtures, and property at the residence of an executive officer. In addition, commercial property insurance may exclude coverage for business interruption losses attributable to a power failure or damage to property at another location.
Commercial auto insurance provides coverage for vehicles used in your business, like cars and trucks, tow trucks, landscaping trailers, and more.
Commercial Auto insurance excludes stolen business equipment is kept in an insured vehicle if the equipment is used in your business. Cargo damage to goods being transported in an insured vehicle.
The particular factors that impact your insurance premiums could include:
Below are some tips to help you choose the best business insurance for your situation:
