Commercial Insurance Companies
In today’s unpredictable business environment, having the right commercial insurance is more than just a safety net — it’s a critical component of a smart risk management strategy. Whether you're running a small startup or managing a large corporation, protecting your assets, employees, and operations is non-negotiable.
When looking for business insurance, it's essential to find trusted providers that cater to the unique needs of startups and small to medium-sized businesses (SMBs). The best insurance companies offer industry-specific coverage options, ensuring tailored protection that aligns with your business model. Affordability and flexibility are also key, with many top providers offering customizable policies and scalable plans to suit growing operations. For larger organizations, corporate insurance companies go beyond basic coverage to offer enterprise-level risk management solutions, including global protection, specialized liability coverage, and strategic consulting to mitigate complex risks.
To help you make an informed decision, we’ve compiled a list of the best commercial insurance companies in 2025, based on coverage options, customer service, financial strength, and affordability.
The Chubb Limited
Chubb Insurance is one of the world's largest insurance companies, offering various personal and commercial insurance products. It has a global presence with operations in 54 countries and territories. Chubb serves multinational, mid-size, and small businesses with property and casualty insurance and risk engineering services. Chubb is well known for its expertise in underwriting, claims management, and customer service, particularly for high-net-worth individuals and complex business risks.
Chubb has more than $225 billion in assets and reported $57.5 billion of gross premiums written in 2023. Its small business insurance targets businesses with up to $30 million in revenue.
The Chubb Corporation was founded in 1880 and became a global leader in the insurance industry. On 1 July 2015, Chubb was acquired by ACE Limited, but the company retained the Chubb name due to its longstanding reputation. ACE announced it would acquire Chubb Corporation for $28.3 billion in cash and ACE stock. Evan Greenberg of ACE became the Chairman and CEO of the new company. It has headquarters in Warren, New Jersey, United States.
Coverages
It provides services in all the states of the U.S., and Chubb's business insurance policies range from the basic, like general liability and professional liability, to more specialized like product recall insurance and global insurance. Chubb operates as a global insurance powerhouse, offering a broad portfolio of insurance products and risk management services across multiple industries and regions. Chubb also offers commercial package policies that are more comprehensive than those of BOP.
Small Businesses
Chubb's general liability policy is well-suited for small businesses. This policy covers everything from bodily injury and property damage to litigation and vendors. It also provides a foreign package policy for small businesses with a small chance of conducting business internationally or sending employees abroad.
The Hartford
Hartford is a well-established insurance company with a long history of providing various insurance and financial services to individuals, businesses, and institutions. It is the 13th-largest property and casualty insurance company in the United States. Agents and brokers work as a network to sell products.
The Hartford was founded in 1810 in Hartford, Connecticut, United States. It was started by a group of merchants with a working capital of $ 15,000. The chairman and CEO is Christopher J. Swift.
Coverages
Hartford provides standard coverages, such as workers' compensation and business owners policies (BOP), and its coverage area is the 49 states. It provides a variety of specialized insurance products, including global insurance for companies that have international exposures, such as online sales and home-based business insurance. Business Owners' policies (BOP) cover the three essential coverages: general liability insurance, commercial property, and business income insurance. Hartford offers various livestock and animal mortality policies and stand-alone policies for commercial property.
Businesses
Hartford provides two types of commercial property policies: for small businesses with less than $ 200 million in total insurable value and for large businesses that go over this threshold. The Hartford wrote small business premiums of $ 5 billion than midsize and large business premiums combined.
Nationwide
Nationwide is a major U.S. insurance and financial services company headquartered in Columbus, Ohio. It is a Fortune 100 company offering a wide range of insurance and financial products, focusing on domestic property and casualty insurance, life insurance and retirement savings, strategic investment, and asset management. Its subsidiaries and affiliated companies allow Nationwide to offer a variety of insurance and financial services nationwide.
It was founded in 1926 as the Farm Bureau Mutual Automobile Insurance Company in Columbus, Ohio, United States. It initially focused on automobile insurance for farmers but has since expanded into other lines of insurance and financial services, eventually becoming Nationwide Insurance in 1955.
Coverage
Its coverage area is the 49 states. Nationwide rises the policies for both small and large businesses are rising. Nationwide offers traditional policies like general liability and umbrella insurance, equipment failures, and employment lawsuits, and modern protection like cybersecurity protection. Due to financial strength and ability to meet policy obligations, Nationwide receives high ratings from independent credit rating agencies.
It helps to make comprehensive solutions for small, medium, and large businesses, and also specialty products for industries like agriculture, construction, and professional services. It provides other financial products such as mutual funds, annuities, and individual retirement accounts, and Nationwide Financial is the division that handles wealth management, investments, and financial planning.
The company supports various charitable causes; Nationwide provides both financial and volunteer support in the wake of natural disasters and emergencies, and also promotes diversity and inclusion in the workplace and across its business practices.
Progressive
Progressive Corporation is one of the largest and most well-known insurance providers in the United States, particularly renowned for its auto insurance. The company insures commercial vehicles, motorcycles, passenger vehicles, boats, etc. Over the years, Progressive expanded beyond auto insurance to offer a variety of other personal and commercial insurance products. Its goal is to provide affordable auto insurance and to make the process of getting insured easier for customers.
Progressive was founded in 1937 by Joseph Lewis and Jack Green in Cleveland, Ohio. Progressive was one of the first insurance companies to offer drive-in claim services and to let customers pay their premiums in installments, which were new ideas at the time. Its headquarters are in Mayfield, Ohio, United States. The chairman is Lawton W Fitt, and Tricia Griffith is the president and CEO.
Coverage
Its coverage area is the 50 States. Progressive covers a wider variety than anyone else, by offering policies for trucks, buses, trailers, and even personal vehicles that are partially used for business purposes. Progressive has grown into a major player in the U.S. insurance market by focusing on innovation, technology, and competitive pricing. It allows customers to buy a bundle commercial auto with another type of coverage, such as general liability or a BOP, and save money. In 2022, progressive written policies were implemented for almost two million commercial vehicles.
HISCOX
Hiscox Insurance Company is a global insurance provider that specializes in a range of insurance products, particularly focused on small businesses, high-net-worth individuals, and specialty risks. Hiscox operates in several countries, including the UK, the US, and parts of Europe. In the United States, Hiscox offers coverage through direct sales and partnerships with brokers and focuses on industries such as IT, marketing, real estate, and healthcare, providing specialized coverage in different areas of small businesses.
It was founded in 1901 in Hamilton, Bermuda. Robert Hiscox is the honorary president, Robert Childs is the chairman, and Aki Hussain is the CEO. Its revenue in 2023 is $ 4483.3 million. The Hiscox Insurance company sells both products of personal and commercial insurance.
Coverage
Hiscox offers a variety of policies, including business ownership policies (BOP), workers' compensation policies, cybersecurity, general liability, professional liability, and medical malpractice. Its coverage areas are 50 states, and it provides coverage for risks specific to the media and entertainment industries, such as intellectual property disputes, defamation claims, and breach of contract. Hiscox also secures museums, galleries, and collectors by providing fine art and collections insurance. It helps businesses and individuals avoid potential claims and mitigate risks.
Hiscox offers online claims filing, 24/7 claims support, and dedicated claims teams that help the policyholders through the process.
Hiscox takes part in supporting local and global charitable initiatives and promoting a diverse workforce and inclusive company culture, especially in traditionally underrepresented groups in the insurance sector.
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