Compare top insurance companies for your business.

Choosing the right insurance depends largely on your business size, industry, and whether you prefer a digital-first experience or working with a dedicated agent.

Here is a comparison of the top-rated business insurance companies for 2025 across several key categories.

Top Business Insurers Comparison (2025)

CompanyBest For...Key StrengthDigital ExperienceThe HartfordOverall Small BusinessBroadest industry coverage and high liability limits.High (Online quotes + expert agents)NEXT InsuranceQuick Online Coverage100% digital; instant Certificates of Insurance (COI).Excellent (Mobile-first)TravelersStability & ComplexityHighest financial strength (AM Best A++); great for specialized risks.Moderate (Agent-focused)ProgressiveCommercial AutoMarket leader for business vehicles and fleets.High (Fast quotes)HiscoxMicro-businessesSpecialist in professional liability for consultants/freelancers.High (Easy online binding)ChubbHigh-Risk/GlobalPremium service and robust property coverage for large firms.Moderate

Deep Dive: Which One Fits Your Business?

1. The Hartford: Best for Most Small Businesses1

Consistently ranked #1 for small businesses, The Hartford is ideal for those who want a "Business Owner’s Policy" (BOP) that bundles general liability and property insurance.2

• Pros: Over 200 years of experience; covers over 1 million small businesses.3

• Unique Feature: Offers high general liability limits (up to $4 million), which is significantly higher than many digital competitors.4

2. NEXT Insurance: Best for Contractors & Gig Workers

If you need a Certificate of Insurance (COI) immediately to step onto a job site, NEXT is the fastest option.

• Pros: Entirely online; transparent pricing; monthly payment options without extra fees.

• Best For: Independent contractors, landscapers, and beauty professionals who need "coverage on the go."5

3. Travelers: Best for Financial Stability

With an A++ (Superior) rating from AM Best, Travelers is the choice for businesses that prioritize the insurer's ability to pay out massive, complex claims.

• Pros: Wide variety of specialized policies (e.g., boiler & machinery, ocean marine).6

• Best For: Manufacturing, high-value retail, and established professional firms.

4. Progressive Commercial: Best for Vehicle-Heavy Businesses7

While many know them for car insurance, they are the top commercial auto insurer in the U.S.

• Pros: 24/7 claims support and competitive rates for trucks, vans, and delivery vehicles.

• Bundling: They often act as a marketplace, helping you find other business coverages (like GL or Workers’ Comp) through their partners.

Specialized Recommendations

• For Home-Based Businesses: Nationwide or The Hartford offer specific endorsements to cover business equipment kept at home that standard homeowners' insurance excludes.8

• For Short-Term Needs: Thimble allows you to buy insurance by the hour, day, or month—perfect for event planners or freelance photographers.9

• For Tech & IT: Chubb or The Hartford specialize in Tech E&O (Errors & Omissions) to cover data breaches and software failures.