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Montana has a one-of-a-kind business environment, with small businesses making up the backbone of the state economy. The small-sized firms account for more than 99% of the total businesses in the state with 250,000 employees (that is approximately 66.8% of the workforce).
Running a business in Montana has its own set of challenges. The pandemic-era saw around 4,500 small businesses shutting down their operations. Also, increasing insurance premiums exacerbate the problems as some companies experienced a double-digit percentage increase, causing them to make difficult business decisions. This is why companies have to purchase comprehensive business insurance. Commercial coverage from established providers safeguards ventures from financial losses that were unexpected, ensuring operational stability and growth.
Are you looking for a coverage plan in Montana? These seven carriers are setting benchmarks with their products and unique features.
Thimble
Thimble provides comprehensive business insurance solutions for a multitude of businesses in Montana. The firm serves over 160 professions, with contractors, cleaners, hair stylists, and landscapers, to name a few.
Thimble provides general liability insurance, professional liability, business owners’ policy, business equipment protection, commercial property coverage, and cyber insurance to firms in Montana. The firm facilitates clients in making quick adjustments to their policies and obtaining Certificates of Insurance.
NEXT Insurance
NEXT Insurance offers customized business insurance for small businesses based in Montana. Their products range from general liability to professional liability, along with workers’ compensation, Commercial Property, and business owner’s policy (BOP).
The insurance firm has been working with professionals from more than 1,300 occupations, such as general contractors, retail shops, caterers, and even contractors. Montana’s business community has praised NEXT Insurance for providing instantly, along with flexibility in coverage options, and online insurance policy management.
InsuranceBee
InsuranceBee caters to small businesses, freelancers, and independent contractors in Montana by providing flexible insurance options. Their primary offerings include general and professional (errors and omissions) liability, along with business Owner’s Policy, cyber liability, workers’ compensation, and directors’ and Officers’ insurance.
The industries that InsuranceBee covers include artisan, cleaning services, handyman, landscaping, and real estate. The firm prides itself on providing instant, affordable business solutions to clients that can be purchased and managed without them having to make any commitment.
Hiscox
With over a century of experience in providing insurance solutions, Hiscox is a global leader that specializes in assisting companies of all sorts in Montana. Their services include liability coverages (general and professional), cyber insurance, business owner’s policy, and workers’ compensation coverage.
Hiscox serves a diverse range of clients in Montana, including consultants, contractors, IT professionals, and health and beauty service providers. Their policies are straightforward and easy to manage. The firm is a reputed name for providing quick and adjustable products.
Tivly
Tivly is a business insurance marketplace through which business owners throughout Montana can connect with 200 coverage providers and obtain tailored solutions. The products offered include liability coverages, workers’ compensation, commercial auto Insurance, and business owner’s policies.
The company has been serving diverse industries, such as beauticians, construction, retail, and consultants. Tivly stands out among the local business community for its straightforward digital platform that allows for quick quote acquisition and policy matching to meet different business requirements.
Montana First
Based in Kalispell, Montana First Insurance offers comprehensive commercial coverage plans for local businesses. Their tailored products include general liability, commercial property, workers’ compensation, and commercial umbrella policies.
The professionals that Montana First caters to include builders, general contractors, professional services experts, This independent firm ensures personalized approach to ensure businesses have the right coverage.
Progressive
Progressive offers tailored insurance solutions for businesses of all sizes in Montana. Their offerings include liability coverages, workers’ compensation, business owners’ policies, and commercial auto plans.
The company serves customizable policies to Montana’s numerous businesses, ranging from contractors and landscapers to restaurants and consultants. Progressive also offers round-the-clock customer support and effortless online policy management.
Brief Overview of Leading Insurance Firms In Montana
The table below will provide a clear understanding of the seven insurance firms along with their products and unique selling features that have made them a household name in Montana.
| Insurance Firm | Products | Key Selling Feature |
| Thimble | General Liability, Professional Liability, BOP, Business Equipment Protection, Commercial Property, Cyber Insurance | 200+ provider network, easy online quote matching, serves the construction, retail, beauty, consultants |
| NEXT Insurance | Liabilities coverage, Worker’s Compensation, Commercial Property, BOP | Covers 1,300+ occupations, instant policies, flexible coverage options, online management |
| InsuranceBee | General Liability, Professional Liability (E&O), BOP, Cyber Liability, Workers Compensation, Directors & Officers’ Insurance | Affordable, instant purchase, no-obligation quotes, caters to small businesses & freelancers |
| Hiscox | General Liability, Professional Liability, Cyber Insurance, BOP, Worker’s Compensation | 100+ years of experience, quick policy customization, serves consultants, IT professionals, beauty & health services |
| Tivly | General Liability, Professional Liability, Workers Compensation, Commercial Auto, BOP | 200+ provider network, easy online quote matching, serves construction, retail, beauty, consultants |
| Montana First | General Liability, Commercial Property, Workers’ Compensation, Commercial Umbrella | Personalized service, independent agency, tailored coverage for builders & professional service providers |
| Progressive | General Liability, Professional Liability, Workers’ Compensation, BOP, Commercial Auto | 24/7 customer support, customizable policies, seamless online policy management |
Top Cities in Montana for Business Insurance
The following cities in Montana provide the required infrastructure support and economic environments conducive to finding business insurance solutions through local agents or carriers operating within the states.
- Billings
- Missoula
- Great Falls
- Bozeman
- Butte
- Helena
- Kalispell
- Anaconda
- Havre
- Miles City
- Belgrade
- Livingston
- Whitefish
- Lewistown
- Glendive
Montana Government Resources for Business Insurance
You can get additional information about business insurance requirements in Montana through these government resources.
- Montana Commissioner of Securities and Insurance (CSI)
- Montana Secretary of State – Business Services Division
- Montana Department of Labor & Industry (DLI)
- Risk Management & Tort Defense Division
- U.S. Small Business Administration (SBA) – Montana District Office
Conclusion
The businesses operating in Montana can set themselves up for financial success by purchasing detailed insurance policies. They protect businesses from all sorts of unforeseen risks and financial losses. The above-mentioned insurance providers cater to businesses with unique policies so that they can conduct their business activities with certainty and stability in the long run without any worries.
Are you looking to expand your business outside Montana? Consult these reliable business insurance companies from Alaska and the highly regarded commercial insurance firms from Connecticut. Are you looking for financing opportunities in Montana? These 10 business loans & startup financing companies can assist you in achieving financial success. For expert guidance on business insurance, consult Sophisticated Investor. We are your reliable partner for growth.
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.
