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South Carolina is dubbed as one of the best states to run a business as there are over 400,000 small businesses currently operating in the state. These firms employ nearly 800,000 individuals in the total workforce. However, local firms are facing issues such as severe weather conditions and economic changes. These issues impact growth and productivity, which lead to negative economic consequences for the state itself in the long run.

To address these challenges, businesses are advised to invest in insurance coverage from a trusted carrier as the right type of commercial coverage policy covers damages from liability claims or property damage and enables companies to continue functioning through economic disruptions. A seasoned insurance provider not only provides policies but also assists clients in achieving their business goals by giving reliable guidance.

This feature takes a look at seven of the most reliable business insurance service providers operating in South Carolina that provide financial assistance to local firms as per their requirements.

Hiscox

Hiscox specializes in cutting-edge coverage solutions for small and medium businesses all over the world. The Anglo-Bermudan firm has been selling general liability insurance, professional liability insurance (errors and omissions), business owners’ policies, and cyber security insurance coverage since its foundation in 1901.

The company provides coverage to numerous industries, with health and wellness, and technology sectors being the prominent ones. Hiscox has made a name is known for their client-centered approach that allows for cutting-edge solutions, multiple payment options, and an online for policy management simplification. 

This ensures businesses are able to protect their operations and focus on business confidently.

NEXT Insurance

NEXT Insurance offers a wide range of business insurance services to small business owners. They offer general liability, along with commercial auto liability, workers’ compensation, business owner’s policy, and specialized coverage for certain industries.

The company serves over a thousand trades like construction, janitorial services, and dining with tailored coverages as per needs. NEXT Insurance offers a website where customers can get quotes, buy insurance policies, and instantly download certificates of insurance.

InsuranceBee

InsuranceBee offers custom insurance services designed specifically for small businesses and self-employed individuals. They provide general liability insurance, professional liability insurance, business owner’s policies, cyber liability, and workers’ compensation. 

InsuranceBee caters to contractors, consultants, caregivers, as well as real estate business professionals. Their unique selling features are their simple online quoting system and comprehensive advisory services that ensure all businesses are covered efficiently, allowing businesses to focus on growing with confidence.

Tivly

Tivly is an insurance marketplace for small business owners, linking them with more than 200 prospective coverage providers. They provide general liability, professional liability, business owner’s policies (BOP), commercial auto, commercial property, and worker’s compensation insurance, among other types. 

The firm works with clients associated with several sectors including construction, consulting, and retail to name a few. They stand out for providing quick and free-of-cost quotes paired with personal support that helps these businesses find coverage specific to their requirements.

Thimble

Thimble is an insurance provider that integrates modern technologies that allow for flexible, on-demand coverage for small-scale businesses, freelancers, and gig workers. The insurance firm sells liability coverage, business owner’s policies, commercial property insurance, workers’ compensation insurance, cyber insurance, and event insurance. 

Thimble has been providing its services to more than 300 branches of professions such as handypersons, landscaping, event planning, photography, and consultancy firms. Through the company, clients can now purchase policies on an hourly, daily, or monthly basis. Their easy-to-use mobile application, getting a quote and managing policies is fast and easy.

Simply Business

Simply Business is a digital insurance broker catering specifically that provide reliable customized solutions to small and self-employed professionals. The company has been serving over a million customers since expanding to the U.S. in 2017. 

The company offers coverage for general liability, professional liability, workers’ compensation, and BOP for industries such as construction, cleaning, e-commerce, and consulting industries. They strive to make business insurance policy management an easy process with extensive coverage options and a user-friendly website and applications.

biBERK

Part of the Berkshire Hathaway Insurance Group, biBERK focuses on providing comprehensive insurance solutions for small businesses in South Carolina. Their solutions range from workers’ compensation, general and professional liability (errors and omissions) insurance, business owner policies (BOP), commercial auto insurance, and umbrella insurance. 

They serve various sectors which include accounting, construction, healthcare, IT, landscaping, retail, and transportation. biBERK stands out for its direct-to-consumer model that cuts out middlemen, saving businesses up to 20% on coverage. Their proprietary online platform also allows small business owners to obtain quotes and coverage instantly.

Brief Overview of Leading Insurance Firms In South Carolina

The table below describes how South Carolina’s leading seven insurance companies differ by product and unique selling features.

Top Cities in South Carolina for Business Insurance

The following cities in South Carolina provide the required infrastructure support and economic environments suitable for finding business insurance solutions.

1. Charleston
2. Columbia
3. Greenville
4. Myrtle Beach
5. Hilton Head Island
6. North Charleston
7. Rock Hill
8. Spartanburg
9. Sumter
10. Florence
11. Mount Pleasant
12. Anderson
13. Bluffton
14. Camden
15. Clemson

South Carolina Government Resources for Business Insurance

You can get additional information about business insurance requirements in South Carolina through these government resources.

• South Carolina Department of Insurance (SCDOI)
• South Carolina Insurance Association
• SC Municipal Insurance and Risk Financing Fund (SCMIRF)
• U.S. Small Business Administration (SBA) – South Carolina District
• South Carolina Small Business Development Centers (SC SBDC)

Conclusion

It’s important that South Carolina businesses partner with a reliable coverage provider as their solutions work wonders in safeguarding their assets from economic challenges that slow growth and productivity. The firms offer personalized solutions that meet the unique needs of different industries.
If you’re planning to grow your business to major business hubs outside South Carolina, browse through our listings on the best insurance providers in Delaware and the trusted coverage carriers operating in North Dakota. For entrepreneurs looking for funding options in South Carolina, these leading business loans and startup financing firms will assist you in this regard. Visit Sophisticated Investor for the latest insights on protecting and growing your business.