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Small businesses are playing a pivotal role in Oklahoma’s economic growth. The state saw more than 5,000 businesses being established last year. However, local businesses have to deal with challenges. Eighteen percent of business owners have admitted that poor labor quality is one of the key problems they face whereas 35% of venture owners could not find employees for numerous positions.
Factors such as high operating costs, workplace hazards, and unpredictable weather exacerbate the issue that causes financial setbacks. This is why businesses need to have a well-tailored policy from a reputable business insurance provider to safeguard themselves from financial implications. This article will take a look at eight of the most reliable commercial coverage providers in Oklahoma and how they contribute to clients’ financial success.
Hiscox
For over a century, Hiscox has been serving as a global custom insurance solution provider for businesses associated with various industries. They offer easy-to-use online features through which customers can receive quotes and purchase coverage within minutes.
Their offerings include and are not limited to general liability, cyber security insurance, professional liability, business owner’s policies, and other industry-specific coverages. They provide their services to a number of professionals such as IT consultants, healthcare providers, architects, engineers, and marketers.
InsuranceBee
InsuranceBee is an insurance brokerage that offers affordable and personalized coverage plans for independent consultants and small businesses. Oklahoma businesses look up to the firm for its real-time online quoting service and for allowing clients to purchase coverage through its user-friendly website that offers a hassle-free policy management experience.
They offer many types of business insurance including general liability, professional liability (errors and omissions), business owner’s policy, cyber liability, workers’ compensation, and management liability insurance. InsuranceBee serves a wide range of customers such as consultants, IT experts along with those affiliated in the janitorial and landscaping sectors.
Tivly
Tivly caters to those looking for quick tailored coverage plans. It is an insurance marketplace through which businesses can get in touch with 200+ trusted carriers, enabling clients to get reliable coverage that meets their needs.
Serving industries such as healthcare, retail, and construction, they provide everything from general commercial property insurance to professional liability insurance. The firm has a digital platform that assists businesses in getting their desired product from the get-go within five minutes.
NEXT Insurance
NEXT Insurance started operating in 2016. It is dedicated to assisting self-employed individuals and small businesses with its products and services. It provides clients with customized coverage protection of their choice at a very low price.
Their online policy management makes it extremely convenient for clients to receive quotes as well as purchase policies in ten minutes. They sell general liability, professional liability, workers’ compensation, commercial automobile, and commercial property insurance to more than 1300 professionals from different industries including retail, construction, food services, consulting, and education.
Thimble
Thimble offers unique, modernized insurance solutions to small to mid-size businesses, along with freelancers, and gig workers. Moreover, they are the sole carrier that offers their business insurance policies on an hourly, daily, or monthly basis.
The company streamlines the coverage acquisition process through its website and easy-to-use mobile application. As far as their offerings are concerned, Thimble sells professional liability, business equipment, and event insurance to businesses associated with more than 300 industries, including handymen, landscapers, photographers, event organizers, and consultants.
Progressive
Progressive is a prominent insurance firm that offers a variety of products to cover personal and business needs. Established in 1937, the company allows clients to receive coverage immediately after getting an online quote.
They serve clients from diverse fields like contracting, landscaping, retail, and many occupations with a number of solutions such as general liability, professional liability, business owners’ policies, workers’ compensation, and commercial auto insurance.
Travelers
Founded in 1853, Travelers is the pioneer of personal and commercial property and liability insurance coverage.
The company has more than 30,000 employees and offers various business insurance products including general liability, property, commercial automobile, and cyber coverage for different domains including construction, healthcare, and IT.
Travelers stands out for its strong financial standing, and its customer-centric approach keeps it away from anything that may affect its growth.
Liberty Mutual
Liberty Mutual serves small businesses with a wide assortment of business products such as general liability, property, commercial auto, and business owner’s policy.
Liberty Mutual serves various sectors such as construction, healthcare, and information technology, helping clients with their unique business needs. Their client-first approach combined with strong customer relations has made them a trusted choice for insurance coverage in Oklahoma.
Brief Overview of Leading Insurance Firms In Oklahoma
The table below describes how North Carolina’s leading seven insurance companies differ by product and unique selling features.
| Insurance Firm | Business Insurance Products | Unique Selling Features |
| Hiscox | General Liability, Professional Liability, Business Owner’s Policies, Cyber Security, Workers’ Compensation | Tailored real-time quotes, instant coverage, fast claims processing |
| InsuranceBee | General Liability, Professional Liability, Business Owner’s Policies, Cyber Liability, Workers’ Compensation, Management Liability Insurance | Instant online quotes and quick policy purchase |
| Tivly | General Liability, Professional Liability, Commercial Property, Workers’ Compensation | Five-minute intake process connecting businesses to suitable insurers |
| NEXT Insurance | General Liability, Professional Liability, Workers’ Compensation, Commercial Auto, Commercial Property | Digital-first provider with an easy online platform for fast policy issuance |
| Thimble | General Liability, Professional Liability, Business Equipment Protection, Event Insurance | On-demand insurance available by the hour, day, or month via mobile app |
| Progressive | General Liability, Professional Liability, Business Owner’s Policies, Workers’ Compensation, Commercial Auto | User-friendly online platform offering instant quotes and coverage |
| Travelers | General Liability, Property, Commercial Auto, Cyber Insurance | Financially strong insurer with a wide range of business insurance products |
| Liberty Mutual | General Liability, Property, Commercial Auto, Workers’ Compensation, Business Owner’s Policies | Global insurer with comprehensive business coverage and strong customer service |
Top Cities in Oklahoma for Business Insurance
The following cities in Oklahoma provide the required infrastructure support and economic environments suitable for finding business insurance solutions
- Oklahoma City
- Tulsa
- Norman
- Broken Arrow
- Edmond
- Lawton
- Moore
- Midwest City
- Enid
- Stillwater
- Muskogee
- Bartlesville
- Shawnee
- Owasso
- Ponca City
Oklahoma Government Resources for Business Insurance
You can get additional information about business insurance requirements in Oklahoma through these government resources.
- Oklahoma Insurance Department
- Oklahoma Workers’ Compensation Commission
- Oklahoma Small Business Resources
- Insure Oklahoma
Conclusion
Finding an ideal business insurance provider makes sure that your company is protected from sudden financial difficulties. These industry-leading carriers offer customized policies designed for niches you can think of, so you can rest assured that their solution has your business well protected.
If you’re branching out to other states, check out our feature on the leading Arizona insurance providers and Mississippi’s trusted carriers. New business owners in Oklahoma can read our feature on business loans and startup funding firms to help get your business off the ground. For expert guidance, visit Sophisticated Investor for tips on how to grow your business in the long term.
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.
