Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Mar 19, 2020

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small business insurance companies

It might come as a surprise to many people, but small business insurance companies do offer good services. This is because the nature of these insurance companies, with respect to their size, does not affect their capability to provide business insurance services, or in any way limit the quality of their insurance services. These insurance companies offer all types of commercial insurance and risk management.

Some of the most outstanding features of small business insurance companies include:

  • Specialization: These companies are setup to address specific risks associated with your kind of business, as opposed to large insurance firms that have wide ranging and generalized products.
  • Personalized Services: The small insurance companies take time to understand the individual and unique risks that your business might be facing. This enables them to give you adequate insurance cover.
  • Flexibility: Small business insurance companies are known to offer unique insurance policies that are less expensive and designed specifically to help protect your business.
  • Responsive: Small insurance companies are more committed to helping you protect your business assets among many other features. As such, they tend to offer better customer service and support that respond to your needs much faster.

Small business insurance companies understand that businesses, especially small businesses face numerous risks such as financial risks, workplace risks, accidents, product liability claims, lawsuits, and many more. For this reason, they help you to mitigate these risks by offering you smart risk management strategies.

Small Business Risk Management

business insurance risk

It is important to note that insurance is a form of risk management. It is basically a tool used to cushion your business from losses. This means that the insurance company will carry the risk and compensate you. If disaster strikes and interferes with the ability of your business to fulfill its mandate, then you can file an insurance claim. Small business insurance companies are sensitive to this fact and are committed to helping you with your risk management.

Some of the ways of reducing risks include:

  • Taking Precautions: You should take the necessary precautions to avoiding any possible risks. This can be done by avoiding the activities that are likely to cause such risks, or investing in safety.
  • Regulations: You must put in place clear measures and regulations that guide the conduct of employees and customers within your business premises. For example, you can have regulations that guide the safe operation of machines.
  • Training: It is important that you train employees on safe practices in the workplaces that can help to reduce accidents. In addition, teaching first aid is important since it can help to reduce the severity of the risks, when they do occur.
  • Insurance: You have an option of transferring the risk to a third party. As such, the third party, which is the insurance company in this case, will cushion you against losses incurred due to the risks facing your business.

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Qualities of Small Business Insurance Companies

Regardless of the current economic woes, which have led to serious financial constraints, all businesses still need to have quality insurance coverage. For this reason, small business insurance companies have gone an extra mile in making insurance services affordable and reliable. Some of the qualities that have put these small insurance companies ahead of their larger counterparts include:

  • Small business insurance companies offer affordable insurance packages. This makes it possible for businesses, especially the small businesses to afford the best business insurance coverage.
  • Small business insurance companies have gone beyond just providing affordable quotes. Instead, they have taken a step higher by recognizing the barriers that affect businesses and prevent them from choosing the most suitable and comprehensive insurance plans. In this way, small insurance companies are able to help small business owners and self employed business people to fully understand the aspects of insurance.

  • Small insurance companies are committed and have the ability to get your business on the right track with the right insurance policy. They recognize that every business is special, no matter the size, and have specific needs, which they try to match with the right insurance policy.
  • If your business has existing insurance coverage that is not satisfying, small business insurance companies can offer you better coverage that is tailored to meet the unique needs of your business, at a much lower price.
  • Though small insurance companies are limited in size, they have a team of experts and professionals that offer outstanding customer service. Your business will be more satisfied and be at ease doing business with these insurance companies.
  • Small insurance companies will help you identify the risks that your business faces. Once you are familiar with the risks involved, they will help you craft a comprehensive cover that will sufficiently protect your business.
  • The most outstanding quality of small business insurance companies is that they take time to talk to you, concerning your business. They help identify the needs of your business and advise you on how you can mitigate the risks and protect your business from losses in the event of disasters.

Getting Small Business Insurance Quotes

Keep in mind that the first step in business insurance obtaining quotes from insurance companies. Generally, insurance companies compete aggressively for business, and thus it will be advisable to get as many quotes as possible and compare the product offerings.

How to Obtain the Best Quotes and Get the Best Insurance Coverage

The strategies of insurance companies for attracting clients range from offering discounts to providing favorable coverage terms. Therefore, for you to get the best discounts and favorable terms, you need to get insurance quotes from as many insurance companies, as possible. This can be done easily by entering your zip code below and comparing quotes side by side from all the top insurance companies.

The internet is the most convenient and quick way to get business insurance quotes. This is because the small business insurance companies issue the quotes directly from their websites. It is as simple as completing and submitting an online request quote form. Enter your zip code below to begin comparing quotes!