Business Insurance · June 4, 2022 0

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

Travelers

Overview

Travelers is another storied company with a history that stretches back to 1864, when one of its founders started writing accident insurance for two-cent premiums. The company as it’s known today was formed in 2004 with the merger of Travelers and St. Paul Companies and has an A++ rating from AM Best.7

Travelers has insurance solutions that are designed to meet the needs of companies in more than 40 industries including transportation, manufacturing, construction, retail, and public entities. However, the company has developed considerable expertise in commercial property insurance.

In fact, the company writes so much property insurance that it ranked as the 2021 number-six writer of commercial property insurance in the United States, according to the Insurance Information Institute.6 The company offers other types of business insurance including commercial auto, cyber liability, surety bonds, and workers’ comp, although prices vary by industry.

Because Travelers operates in the U.S., Canada, and the U.K., the company is well-suited to provide coverage for companies that do business internationally.

Why We Chose It

Travelers was chosen as our best commercial property insurer because it has vast expertise in the industry, having been voted the top commercial property insurance company in the United States by premiums written for numerous years and just missing out on first place in 2021.

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