Forbes — 2023’s Best Small Commercial Insurance Companies

Small business owners need insurance companies insuring them that specialize in small business insurance. Forbes Advisor’s editors Jason Metz and Amy Danise took a look at insurers that focus on small business and picked the 10 best of the bunch.

“When you’re buying small business insurance, your coverage decisions depend on your business’s type and size,” Metz and Danise said in the article on these insurers. “Common types of small business insurance include general liability, commercial property and workers compensation insurance.”

The U.S. Chamber of Commerce told the two editors and Forbes Advisor that small businesses need to do a deep look at their insurance coverage every year. “The most common mistake that many business owners make,” the chamber said, “is to blindly renew their insurance policies without taking their changing needs into account.”

These are the lines of insurance these small businesses will cover and the lines of insurance small businesses need to consider when looking at coverage.

  • General liability
  • Commercial property liability
  • Workers’ comp
  • Commercial auto insurance
  • Errors & omissions
  • Inland marine
  • Cyber liability
  • Short-term liability
  • Medical malpractice

Here are the top 10 best small business insurers working today according to Forbes Advisor. They’re rated by a 0 to 5 star system:

1. Allianz — 5 out of 5 stars

2. Allstate —  5 out of 5 stars

3. Clear Blue Insurance Group — 5 out of 5 stars

4. Farmers — 5 out of 5 stars

5. Acuity — 4.5 out of 5 stars

6. CNA — 4.5 out of 5 stars

7. Frankenmuth Insurance — 4.5 out of 5 stars

8. Travelers — 4.5 out of 5 stars

9. Chubb — 4 out of 5 stars

10. Cincinnati Insurance — 4 out of 5 stars

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