Business Insurance · June 4, 2022 0

top 7 cheap business insurance Companies and How to Get Cheap Business Insurance

Top 7 cheap business insurance Companies

State Farm

Overview :

State Farm was established in 1922 by G.J. Mecherle, a retired farmer and insurance salesman. Though best known for auto and home insurance, State Farm has about 100 products including financial services, banking, and commercial insurance. It has an A++ rating for financial stability from AM Best.2

State Farm sells insurance in most states and offers policies designed for each stage of a company’s growth cycle including general liability, professional liability, and other types of coverage that can be added onto policies to suit individual needs. State Farm also offers business insurance that is designed specifically for certain industries such as contractors, professional services, caterers and retailers.

In addition to business coverage, State Farm offers discounts for policyholders who combine certain types of coverage, though discounts vary based on the types of coverage being bundled. The discounts are not for bundling business coverage. However, if you’re happy with your State Farm business coverage, you could get home and auto coverage from them and save. Every State Farm agency is independently owned, so every agent understands the unique needs of small business owners—they are business owners themselves.

Why We Chose It :

Because it offers numerous types of coverage through a nationwide network of agents, we picked State Farm as the best overall small business insurance carrier. Furthermore, because State Farm representatives are also company owners, they are familiar with the needs of other small business owners.

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