by | Jan 31, 2025 | Business, Insurance

Last Updated: February 4, 2025

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The economy of Alaska is just as vibrant as its geographical setting. We weren’t surprised to come across a report that mentioned the state’s GDP nearly touching $66 billion at the close of 2023. Alaska may come off as a dynamic hub of economic activities but don’t mistake the hip-happenings here as sunshine and daisies. Local companies, especially small businesses and firms, are facing a lot of challenges and risks that may take a hit on productivity and revenue. 

It is necessary that companies have their basics covered to function without any hiccups along the way. This includes having the right insurance policy as well. This article will look at nine of the trusted names when it comes to business insurance in Alaska, what these brands have to offer, and how they can help clients meet their unique needs. 

Thimble

The first on our list is Thimble. It is an insurance provider known for its flexible and affordable policies that small-sized businesses would find appealing. They offer various insurance plans such as equipment protection and intriguing business owners’ policies.

The staff at Thimble works extensively and serves companies involved in several trades, from construction and landscaping to cleaning services and event management. Before getting insurance, a business must provide data about its operations, such as where it is located, its workforce size, and more.

The best thing about Thimble is that it offers a fully automated online insurance platform that provides instant quotations within a minute. The clients can acquire policies and get a Certificate of Insurance for certain jobs without having to worry about a single thing.

Tivly

Tivly is the leading business insurance provider in Alaska. The platform informs the firms about coverage plans that go beyond general liability, workers’ compensation, and commercial auto insurance. Tivly serves a wide variety of industries, from construction and retail to healthcare and hospitality, among others.

Generally speaking, most businesses can expect to be insured through Tivly by providing just basic information regarding their operations, such as place of business and type of activity being conducted. Tivly analyzes the provided information and matches it to a provider.

Next Insurance

Next Insurance stands out among the top business insurance providers within Alaska. The firm focuses on creating appropriate, reasonably priced policies for small businesses. They offer a variety of insurance products, focusing on general liability, workers’ compensation, cyber insurance, and commercial property.

The firm covers over 1,300 types of industries with contractors, retailers, restaurants, cleaning services, and handyman services, to name a few. The companies have to provide information regarding their modus operandi along with basic information to become eligible for coverage. This streamlined process allows business owners to get coverage quickly.

InsuranceBee

InsuranceBee offers a range of business insurance solutions for companies such as general liability, workers’ comp, commercial autos, and cyber insurance for companies. helps companies access most effective and cheapest coverages.

They have retail, technology, medical, and construction professionals’ business insurance service offerings. The company provides guidance and direction to clients in securing desired coverage at competitive pricing.

Hiscox

Hiscox is a reliable insurance company that assists small and middle-sized businesses in meeting their insurance needs by providing basic protection.

Their coverage options includes general liability and business owner’s policy options. Hiscox has built a strong reputation with its adaptable policies that assist technology and other professional service industries.

People can receive price estimates and file insurance claims without difficulty using their digital platforms. By offering competitive prices and quick responses, Hiscox assists businesses in avoiding financial losses that they did not see coming.

The Alaska National Insurance Company

The Alaska National Insurance Company was founded in 1980, with its headquarters in Anchorage. It is a leading provider of commercial insurance in the western United States. The brand offers a full suite of business insurance products, like workers’ compensation, commercial property, and casualty insurance.

Alaska National serves the unique needs of the agriculture, construction, education, healthcare, hospitality, manufacturing, and restaurant industries. To be insured, businesses must submit general information, including location and a description of the nature of their activities.

Alaska Commercial Insurance Brokers

Alaska Commercial Insurance Brokers, Inc. is an Anchorage-based insurance agency founded in 1983. They offer a wide range of commercial and personal insurance coverages like workers’ compensation and professional liability insurance.

The firm provides business insurance services to many industries like construction, retail, health, and hospitality industries, among others. They offer personalized services to the specific needs of any type of industry. 

A business has to inform the insurance provider of their basic information to qualify for insurance coverage. This helps Alaska Commercial Insurance Brokers to provide risk-free insurance offers.

State Farm

State Farm was founded in 1922 and is one of the largest insurance companies in the United States, including Alaska. It offers business insurance for a wide variety of business classes. Business insurance products include Business Owners’ Policies, contractor policies, farm and ranch insurance, and surety and fidelity bonds.

State Farm covers a wide range of businesses, including accounting services, advertising agencies, beauty salons, and others. A business will give State Farm the details about their operation: what services are rendered, years in business, and claims that were previously filed. Of course, that depends on what kind of insurance they’ll want for your business, plus other personal circumstances.

Progressive Commercial

Progressive Commercial is the #1 commercial insurer in Alaska and offers a wide variety of Alaska business insurance options that are not just limited to liabilities and compensation. 

They deal with clients in construction, consulting, snow plow services, restaurants, accounting, gyms, landscaping, and real estate businesses, among others. Progressive Commercial offers customized coverage to small firms in Alaska. The business insurance experts analyze the information provided to them to come up with an insurance plan to address all the client’s needs.

Conclusion

We would sum up by stating that these above-mentioned business insurance providers in Alaska provide the means necessary to avert unwanted risks in business operations. They provide the opportunity for businesses to secure assets and operations in a very effective way. To all of the entrepreneurs trying to grow a company or start a company in the wilds of Alaska, looking for Alaska’s Top 10 Best Business Loans & Startup Financing Companies is equally necessary because it is an effective method for success at this competitive time.

You can assess their offerings online. If something is still unclear, get in touch with us at Sophisticated Investor to learn how to get a reliable insurance partner. That’s how you can propel your business to new heights.

Brandi Marcene

Brandi is a financial writer and entrepreneur with decades of expertise covering U.S. business and financial topics. Her work has been featured on Consumer Affairs, ASBN Small Business Network, Koho and many other top financial publications.