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There are more than 2.3 million small firms operating in New York. From large-scale newly established firms in business centers to family-owned establishments in the countryside, each organization faces unique challenges with increasing costs, lawsuits, destruction of properties, and other interruptions, making it difficult to function smoothly. An unforeseen incident can have a serious impact on operations that affects revenue and growth.
To avoid unanticipated financial losses, New York businesses should acquire commercial insurance to mitigate these risks. Business insurance from a reliable provider is a safety net in this age as it safeguards businesses from financial losses for the coverage period. General liability, property, or workers’ compensation insurance are all essential, but choosing the right carrier makes all the difference.
This guide highlights eight of the best business insurance companies in New York. These firms offer tailored coverage with professional guidance, and reliable support to help businesses operate with confidence. Let’s look at the best ways to secure your business in the Empire State.
Tivly
Tivly is a small business insurance marketplace where firms can contact 200 carriers for customized policies. Customers can purchase general liability, professional liability, workers’ compensation, and commercial auto insurance coverages.
The professionals catered to by the marketplace include beauty professionals, carpenters, cleaning companies, and consultants. Thanks to their streamlined coverage acquisition process, businesses can acquire customized and effective insurance solutions suited to their needs.
InsuranceBee
InsuranceBee focuses on providing quick and affordable liability coverage to contractors, small businesses, and freelancers. Their products include general liability, professional liability, business owner’s policy, cyber coverage, and workers’ compensation.
Their clients include businesses associated with a wide range of sectors, such as consultants, handymen, caregivers, and realtors. Most importantly, they provide instant online quotes and coverage, making coverage management hassle-free.
NEXT Insurance
NEXT Insurance is one of New York’s leading insurance-providing firms that provides affordable and custom coverage for small businesses. They offer general liability, professional liability, workers’ compensation, commercial auto, and tools & equipment insurance.
They serve over 1,300 professions, catering to industries such as construction, retail, food and beverage, and fitness. NEXT has earned a reputation for providing instant online quotes, immediate policies, and 24/7 access to certificates of insurance to make processes easier for businesses.
Thimble
Thimble’s clientele consists of businesses from over 1,000, such as handymen, photographers, landscapers, and event-organizing professionals. They offer flexible digital insurance providers to small businesses and independent contractors. A striking feature of the firm is that it provides on-demand policies, meaning instant policies are provided by the hour, day, or month.
They offer a wide range of insurance solutions such as general liability, professional liability, business equipment coverage, business owner’s policy, commercial property, workers’ compensation, cyber Insurance, and event coverage. Moreover, they have a dedicated portal where businesses can obtain estimates, policies, and certificates of insurance.
Hiscox
For more than a century, Hiscox has been providing custom business insurance options policies to New York firms. The firm specializes in providing general liability, business owner’s policy, cyber insurance policies, workers’ compensation, and professional liability.
The industries to which Hiscox provides their services include consulting, contracting, and IT firms. What makes Hiscox remarkably different is their quick and personalized quotes. This enables small businesses to get the protection they need without headaches.
biBERK
As a part of renowned Warren Buffett’s Berkshire Hathaway company, biBERK collaborates with small businesses to provide a wide range of coverage options such as workers’ compensation, general liability, professional liability, business owner’s policies, commercial auto insurance, umbrella insurance, and cyber insurance plans.
They provide comprehensive policies and address the insurance needs of a number of industries, such as accounting, construction, healthcare, retail, and others. Clients can log on to biBERK’s website and purchase coverage directly. biBERK’s solutions are 20% more affordable than those provided by other companies.
Simply Business
Simply Business is a digital insurance broker that offers customized policies to small businesses and property owners. The company started its operations in the UK and expanded to the US in 2017. They have been serving more than a million customers all over the world.
The insurance firms provide solutions such as general liability, professional liability, workers’ compensation insurance, and business owner’s policies to professionals involved in contracting, retail stores, and other fields. Simply Business stands out with its user-friendly digital platform that allows clients to get instant quotes and manage their policies effectively.
Insureon
The Chicago-based insurance carrier offers general and professional liability coverage, as well as workers’ compensation and cyber liability insurance policies.
With over 400,000 small businesses from different industries as their clients, Insureon allows customers to compare quotes from top-rated carriers and manage their policies online. Insureon is one of the few insurance carriers licensed to operate in all 50 states.
Brief Overview of Leading Insurance Firms In New York
The following table outlines how the top eight insurance companies in New York differ in product offerings and selling features.
| Insurance Firm | Products Offered | Key Selling Features |
| Tivly | General Liability, Professional Liability, Workers’ Compensation, Commercial Auto | Connects businesses with over 200 insurance carriers, quick quotes, tailored solutions |
| InsuranceBee | General Liability, Professional Liability (E&O), Business Owner’s Policy, Cyber Liability, Workers’ Compensation | Instant online quotes, affordable coverage for small businesses, freelancers, and independent contractors |
| NEXT Insurance | General Liability, Professional Liability, Workers’ Compensation, Commercial Auto, Tools & Equipment | Fully digital, instant coverage, 24/7 certificate access, serves over 1,300 professions |
| Thimble | General Liability, Professional Liability, Business Equipment Protection, Business Owner’s Policy, Workers’ Compensation, Cyber Insurance, Event Insurance | On-demand policies by the hour, day, or month, instant online access and mobile app support |
| Hiscox | General Liability, Professional Liability, Business Owner’s Policy, Cyber Security, Workers’ Compensation | Fast, customized quotes, strong customer support, over 100 years of experience |
| biBERK | Workers’ Compensation, General Liability, Professional Liability, Business Owner’s Policies, Commercial Auto, Umbrella, Cyber Insurance | Direct-to-customer service, up to 20% savings, backed by Berkshire Hathaway |
| Simply Business | General Liability, Professional Liability, Workers’ Compensation, Business Owner’s Policies | Easy-to-use online platform, tailored coverage for small businesses and landlords, international presence |
| Insureon | General Liability, Professional Liability, Workers’ Compensation, Cyber Liability | Compare quotes from top carriers, online policy management, licensed in all 50 states |
Top Cities in New York for Business Insurance
The following cities in New York provide the required infrastructure support and economic environments suitable for finding business insurance solutions
- New York City
- Buffalo
- Rochester
- Syracuse
- Albany
- Binghamton
- Elmira
- Cheektowaga
- Freeport
- Hempstead
- Utica-Rome
- Newburgh
New York Government Resources for Business Insurance
You can get additional information about business insurance requirements in New York through these government resources.
- New York State Department of Financial Services (DFS)
- New York State Workers’ Compensation Board
- New York Property Insurance Underwriting Association (NYPIUA)
- New York State of Health Marketplace
- New York State Department of Motor Vehicles
Conclusion
New York has a challenging business landscape, and a single unforeseen incident can have a serious impact on a firm’s growth and development. Reliable coverage policies from established carriers deter financial setbacks. The firms listed above provide custom policies that assist businesses in thriving in the state’s competitive environment.
Are you thinking about expanding your business beyond New York to other economic hubs? Go through our listings of trusted commercial insurance providers in New Jersey and reliable business insurers in Nevada. If you’re looking for financial assistance within New York, connect with top companies offering financial assistance. Visit Sophisticated Investor for expert insights on business insurance nationwide.
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.
