15 Best Affordable Business Insurance in USA

For small business owners, securing affordable yet comprehensive business insurance is crucial for protecting their operations, employees, and overall financial health. The right insurance can safeguard against a variety of risks, from property damage and legal liabilities to employee-related issues. This article highlights 15 top affordable business insurance providers in the USA, offering diverse coverage options to suit different business needs and budgets.


1. Hiscox

Hiscox specializes in customizing policies for specific business needs, offering competitive pricing on professional liability, general liability, and business owners’ policies (BOP).


2. Nationwide

Nationwide is renowned for its comprehensive coverage options, including a business owners’ policy that combines property, liability, and business interruption coverages.


3. Progressive Commercial

Best known for commercial auto insurance, Progressive offers significant discounts for policy bundling and tailors coverage to various vehicle types and business uses.

4. State Farm

State Farm mixes affordability with personal service through local agents, ideal for businesses seeking personalized coverage advice.


5. The Hartford

With extensive experience, The Hartford offers robust coverage options, particularly in workers’ compensation and general liability insurance.

6. Farmers Insurance

Farmers provides industry-specific packages that cater to the unique needs of various businesses, offering comprehensive protection tailored to specific sectors.

7. Chubb

Chubb is ideal for medium to larger businesses looking for a wide range of insurance solutions, offering superior asset protection and liability insurance.

8. Travelers

A leader in commercial insurance, Travelers offers strong policy options for property, liability, and workers’ compensation insurance.

9. Liberty Mutual

Known for customizable plans, Liberty Mutual allows businesses to tailor coverage to their specific needs, potentially lowering costs.

10. CNA

CNA offers a broad portfolio of insurance products including professional liability and property coverage, catering to both small and large businesses.

11. AmTrust Financial

This provider offers affordable workers’ compensation insurance and is known for its financial stability and strong customer service.

12. AXA

With a strong global presence, AXA provides extensive business insurance solutions, including property, casualty, and professional liability insurance.

13. Zurich

Zurich provides comprehensive business insurance focused on larger enterprises, including multinational corporations and specialty businesses.

14. Berkshire Hathaway GUARD

This company offers a suite of commercial insurance products including liability, property, and umbrella coverage designed for a diverse clientele.

15. AIG

AIG is notable for its innovative insurance solutions and risk management services, particularly suitable for larger businesses needing sophisticated coverage.


Choosing the right insurance provider is essential for ensuring adequate protection against the diverse risks businesses face today. Each company listed offers unique advantages in terms of coverage options, pricing, and industry specialization. Business owners should carefully assess their specific needs and compare quotes to find affordable insurance solutions that provide robust protection without compromising quality.