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 Reviews.com.

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Mar 19, 2020

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With so many companies offering business insurance and liability coverage plans to small businesses across the country, it can be hard to determine just which provider offers the best coverage for the lowest price.

Furthermore, it can be difficult to determine where to even get an insurance quote for your small company’s needs. There are, however, a few great ways to compare services and determine which one works best with your unique business situation.

Compare insurance quotes from the top insurance companies in the country by entering your zip code!

Online Comparison Shopping

The best way to begin the process of purchasing small business insurance is by using an online insurance comparison tool to look at the rates of many different companies at the same time. These tools can be found on various websites, and are a good way to get a rough idea of just how much you can expect to spend on your business’ unique liability concerns.

These insurance comparison tools generally work on strictly general terms, however, so it’s important to keep in mind that your business may end up paying a slightly different amount after you have communicated all of your unique needs to your potential insurer.

Often, the finer details of your business situation will allow insurance companies to make small price and risk adjustments that will cost you a bit less — or a bit more — than the general estimate given by the insurance calculator.

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The Follow-Up Experience

After you have compared coverage rates using an online business insurance comparison tool, you’ll want to select the plan that works best for you and begin the process of actually purchasing that plan. Be sure to select any options you think you might need, and choose the right amount of liability insurance coverage to carry for your unique type of business. Then, you can simply submit the online quote form that explains all of your needs.

The next part of the insurance buying process will involve a phone call from an independent agent that will get you the best possible deal. They’ll make sure that your online order matches up with your expectations — sort of a double-check to make sure your order submitted and processed correctly. They’ll then talk to you about your unique needs as a business owner and how they can specifically help you and your operation.

This is the best part about online shopping: you do lots of the hardest work using a series of online forms and questionnaires, reducing the need for long sit-down visits with a traditional insurance company’s network of agents. Those agents will only call to verify your selections and perhaps offer advice on the coverage you’ve chosen. You’ll have more time to dedicate to your business and your insurance and liability coverage will begin just as quickly.

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What You Need

Before beginning the process of an insurance quote comparison, you’ll need a few key pieces of information that will help insurance companies determine your risk and coverage needs. Be prepared to discuss your company’s annual revenue and profits, as well as the amount you dedicate to payroll.

You’ll also need to have on hand the exact number of employees that work for you company, as this will determine things like workers’ compensation coverage rates. If your company uses a fleet of vehicles (or even just one company car), you will need full information about that vehicle as if you were looking for a car insurance quote. That means you’ll need the mileage, make, model, and year — as well as how many of your employees drive the car.

Finally, if you have any specific products that you sell, it’s a good idea to have a description and working knowledge of them. Because these products can sometimes have defects that place employees and customers at risk, your agent will want to adequately cover you in case of a lawsuit or liability claim. Know what you sell, how it works, and — yes — what could go wrong.

How to Prepare

If you want to get a clearer picture of just how much insurance you might need, or what types of coverage you may have to purchase, it’s a good idea to point your web browser toward an online risk assessment survey. These risk assessments are typically provided by insurance companies on their websites; it’s their way of reeling you in and persuading you to purchase their specific insurance coverage.

There are, however, no obligations to buy that insurance coverage when you use the risk assessment tool. Simply input your number of employees, your type of business, and your zip code. The risk assessment calculator will do the rest of the work and let you know exactly what you should be looking for.

This will come in handy when you speak with an agent who might try to “up-sell” you on more expensive or comprehensive coverage than your type of business requires. Furthermore, it will help offer clarity when you comparison shop online and receive quotes from various providers.

If you see something that stands out — like a type of insurance that your business would simply never use — you’ll know that it can be removed from the policy and save you a good deal of money in the meantime.

Final Thoughts

If you’ve recently been thinking about getting a business insurance quote, there is simply no better option than getting a quote online. You skip the telephone hold times, the agent visits, and the in-person salesmanship that can confuse many first-time business insurance buyers. Instead, you get a streamlined experience that offers you the best rates from multiple companies and ensures your business is sufficiently covered — and probably even under-budget. Get FREE business insurance quotes by simply entering your zip code!