Small businesses need insurance just as much as big companies, if not more. While certain policies may seem like an unnecessary expense when everything is fine, it will pay off in the long run if you need to use it.
Because there are so many factors that go into your insurance rates and coverage, it's important to select an insurance provider that understands the type of business you run. A company that specializes in insuring heavy equipment fleets, for instance, may not be the best choice for a lawyer. Luckily, there are a variety of sites available that allow you to compare rates, policy offerings and more to make the best choice for your business.
Here are seven websites that allow you to compare insurance quotes for free. [See Related Story: Small Business Insurance: What Do You Need?]
Editor's Note: Need to protect your business with general liability insurance? If you're looking for information to help you choose the one that's right for you, use the questionnaire below to have our sister site, BuyerZone, provide you with information from a variety of vendors for free:
This company offers to build a custom insurance plan for your business, whether you need commercial property and vehicle insurance, or just a general liability policy. If it doesn't offer what you need, CommercialInsurance.net will locate an insurance group for you to cover what it doesn't.
Insureon allows you to search for insurance quotes by specific industry and business type. You can also live chat with a specialist to find policies that match your specific business needs.
Based on your business's location, number of full- and part-time employees, and whether you have an existing policy, NetQuote pulls up quotes for a wide array of business insurance policies from top agencies near you. If you want to learn more about a specific type of insurance, you can read one of the site's reference articles.
This company doesn't just help you find the best home and auto insurance rates, but also offers comparisons for general liability, business owners' policies (BOPs), commercial vehicle insurance and workers' compensation.
Once you complete a short application, Bizinsure shows you a comprehensive list of possible coverages from the very beginning, giving you detailed information from which to make decisions and determine what fits your needs. You can compare multiple quotes, purchase the one you want, and instantly receive your policy via email.
This site asks you questions to help narrow down your industry, number of employees and other rate determining factors. From there, Compare the Market offers you a list of possible insurances you may need, and who offers them.
7. The Hartford
In answer to your responses regarding inquiries about your industry and number of employees, The Hartford tells you all the different types of insurance you could need, plus optional policies to customize to your particular situation. Each is accompanied by a clear description, and recommendations.
Additional reporting by Nicole Fallon Taylor.