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Business insurance is vital to your brand’s financial success, especially in Idaho’s competitive business landscape. An insurance policy compensates you for losses that you never saw coming. We know property damage and legal fees may put a dent on your finances but the right type of coverage keeps you up and running at all stages of the operations.
In this guide, we will be taking a look at nine of the most reputed business insurance providers in Idaho and the products and unique selling points that have made them trusted options in the industry.
NEXT Insurance
Next Insurance assists small business owners in getting the right coverage. What makes NEXT Insurance different from other providers is that it’s the only firm to sell policies in all 50 states.
As far as their services are concerned, Next Insurance provides general liability, professional liability, and commercial auto insurance to more than 600 types of businesses ranging from handymen, accounting professionals, and restaurant owners. The firm is expanding its coverage to add other industries under its umbrella.
Hiscox
Hiscox is one of the leading insurance firms in the United States. The company was founded in 1901 and its expertise lies in preparing tailored business insurance policies for small-sized firms.
The company provides general liability, commercial property, business owner’s policy (BOP), worker’s compensation, cyber Insurance, and professional liability (errors and omissions) to their Idaho clients.
Hiscox stands out for offering tailored insurance at discounted rates to a home-based business.
Thimble
Thimble is an application that businesses can use to manage their insurance policy. Businesses can purchase policies that are designed to meet all your industry requirements. The app also provides instant Certificates of Insurance or COIs. Thimble has proven itself as a reliable brand in providing grade-A policies on liability coverages, business owner policies, and workers’ compensation.
The firm provides solutions to more than 300 professions with landscaping, construction, along with sports and fitness. Thimble has sold at least 200,000 policies to an impressive number of US-based businesses with 75% of them never having a policy before.
InsuranceBee
InsuranceBee provides reliable, custom policies to Idaho-based clients. Their wide range of services includes general liability, professional liability (errors & omissions), business owner’s policy, cyber liability, and workers’ compensation. Our services cover the following business types:
- Sole proprietorship
- Contractors
- Freelancer
- LLC
- Self-employed
- Subcontractor
InsuranceBee makes buying and managing business insurance easy to handle. Instead of visiting the office in person, business owners can contact them on the phone or online and get the changes made in a jiffy.
Tivly
Tivly offers digital commercial insurance services to businesses who are looking for reliable insurance coverage. Their products are company general liability, commercial property, business owner policy, workers’ compensation, and professional liability.
Their expert-level marketing and insurance technology services whereas the live customer support and engagement make it a trusted name in the industry. Tivly allows its Idaho business insurance clients to run their operations efficiently and increase revenue as they take care of the rest.
Travelers
Travelers was founded in 1864 and is the first to introduce auto insurance and accident coverage. The company provides workers’ compensation insurance, Business owner’s policy, general liability insurance, commercial auto insurance, and commercial umbrella insurance to their clients in Idaho.
The company provides coverage to financial & accounting firms along with professionals associated with the food & beverage, insurance, professional services, and retail sectors, veterinary services healthcare, IT/technology, and personal care.
Travelers is a household name in providing quick and tailored services designed to meet all of your insurance needs.
Progressive Commercial
Progressive started with a vision of helping Cleveland businesses in getting affordable insurance. The company provides the following benefits to its clients in Idaho.
- General Liability
- Professional Liability
- Business Owners Policy (BOP)
- Workers’ Compensation
- Commercial Auto
- Cyber Insurance
Progressive has made a reputation by addressing the needs of tough niche industries like construction and transportation along with retail and wholesale, hospitality,
Technology and E-commerce, professional services, and healthcare. Their insurance solution takes the hassle out of policy management.
Nationwide
Nationwide takes pride in its status as one of the most diversified insurance providers in the United States. It takes pride in its commitment to providing innovative business insurance solutions such as general liability, commercial property, business owner policy, workers’ compensation, and professional liability coverages.
Their expertise lies in providing commercial services related to banking, life Insurance and retirement planning, insurance, investments, and annuities. The company offers a full range of insurance products to businesses operating in the auto, business, homeowners, farming, and pet care sectors.
Liberty Mutual Insurance Group
Liberty Mutual has been providing insurance services to US businesses since 1912. Operating from Boston, Liberty Mutual offers a variety of insurance products such as reinsurance, workers’ compensation, commercial automobile, general liability, surety, and commercial property coverages.
The company provides custom services to construction, financial institutions, healthcare, manufacturing, energy, and wholesale trades. Their flexible plans and affordable rates make Liberty Mutual Insurance Group a leading name in America’s diverse, relentless insurance industry where companies are competing fiercely.
Brief Overview Of Idaho’s Leading Business Insurance Providers.
The table illustrates the coverage options and unique selling points of these nine prolific insurance providers that deal in business insurance policies.
| Insurance Firm | Coverage Options | Unique Selling Point |
| Next Insurance | General liability, professional liability, and commercial auto insurance | The only firm to sell policies in all 50 states |
| Hiscox | General liability, commercial property, business owner’s policy (BOP), worker’s compensation, cyber Insurance, and others | Tailored insurance at discounted rates to a home-based business |
| Thimble | General liability, professional liability, worker’s compensation, and more | Providing insurance solutions to more than 300 professions |
| InsuranceBee | General liability, professional liability (errors & omissions), business owner’s policy, cyber liability, and workers’ compensation | Simplifies claim management process |
| Tivly | General liability, commercial property, business owner policy, workers’ compensation, and professional liability. | Marketplace with 200 insurance carriers |
| Progressive Commercial | General Liability, professional liability, business owners’ policy, workers’ compensation, commercial auto, and cyber insurance | Addressing the needs of tough niches in the United States. |
| Nationwide | General liability, commercial property, business owner policy, workers’ compensation,n, and professional liability. | Commitment to providing innovative business insurance solutions. |
| Travelers | Workers’ compensation insurance, Business owner’s policy, general liability insurance, commercial auto insurance, and commercial umbrella insurance | The first company to introduce auto insurance and accident coverage |
| Liberty Mutual | Reinsurance, workers compensation, commercial automobile, general liability, surety, and commercial property | Flexible insurance plans and affordable rates |
Top Cities in Idaho for Business Insurance
The following cities in Idaho are favorable locations for business activities and are hotspots for customized solutions.
- Boise
- Meridian
- Nampa
- Moscow
- Idaho Falls
- Pocatello
- Coeur d’Alene
- Twin Falls
- Caldwell
- Kuna
Idaho Government Resources for Business Insurance
Check out these government resources about business insurance for the state of Georgia:
- Idaho Small Business Development Center (SBDC)
- Idaho Commerce
- U.S. Small Business Administration (SBA) – Boise District
- Idaho Department of Insurance
- Business Idaho
Conclusion
Purchasing an insurance policy is a big decision and this is why you should partner with the above-mentioned nine insurance companies while operating your business in Idaho. These brands have a proven track record in getting favorable outcomes for their clients and addressing the challenges quickly. They keep updating their policies to make sure that clients get their rightly-deserved coverage without any problems.
You can also take a look at Idaho’s Top 13 Best Business Loans & Startup Financing Companies for information on alternative financing options. You can also get in touch with business insurance providers in Arkansas and leading commercial coverage providers in Alabama if you’re planning on expanding your business successfully in these financial hubs. We at Sophisticated Investor are here to help you with your insurance needs. We provide practical insights that help you understand how the industry works and how to get around its complexities.
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.
