Disclosure: Our content isn't financial advice. Do your due diligence and speak to your financial advisor before making any investment decision. We may earn money from products reviewed. (Learn more)
Vermont ranks #1 when it comes to small business support. After all, 78,000 small businesses operate in the Green Mountain State now, most of which are run by solopreneurs. This blog will discuss 7 leading business insurance coverage firms where you can go to find the support you need to keep your business functional. So, let’s start going over the list, shall we?
InsuranceBee
InsuranceBee specializes in professional liability (Errors & Omissions), general liability, and workers’ compensation insurance for small businesses, freelancers, and independent contractors. It was the first US platform to offer real-time online quotes and policy purchases for E&O insurance.
Known for its user-friendly website and personalized advisor services, InsuranceBee provides quick, affordable coverage tailored to specific business needs. Partnering with Hiscox Insurance, it leverages technology to offer competitive premiums and has served over 15,000 customers since its inception.
Hiscox
Hiscox believes that 75% of American small businesses don’t have ample insurance coverage. Established in 1901 and in the US since 2010, Hiscox is a specialist insurer offering diverse coverage to small businesses and high-net-worth individuals. They operate in 14 countries with over 3,000 employees, serving 500,000+ businesses.
Hiscox is known for fast, efficient service, easy online quotes, and responsive customer support. They offer various insurance types, including contents, buildings, legal expenses, professional indemnity, and public liability. Industries served range from construction to beauty and wellness. Eligibility depends on the business type and annual turnover. US News, NerdWallet, Trustpilot, and Feefo give them high ratings.
Tivly
Based in St. Petersburg, FL, Tivly is a business insurance marketplace that connects small business owners with over 200 partner carriers. Unlike typical insurers, Tivly assesses your qualifications and introduces you to suitable carriers, offering free and quick insurance quotes.
They provide coverage against bodily injury, business closure, liability, property damage, and theft. They offer various insurance types, including general liability, workers’ compensation, and professional liability.
NEXT Insurance
NEXT Insurance, founded in 2016, is a digital insurer using AI and machine learning to provide coverage to over 500,000 businesses across 1,300+ professions. Known for quick online applications and 24/7 accessibility, they offer various insurance types, including general liability, workers’ compensation, and commercial auto.
User reviews praise their ease of use and reasonable pricing, though some note customer service limitations. Industries served range from construction to beauty. General liability insurance starts at $19 per month. They have high ratings from BBB, NerdWallet, and TrustPilot.
Thimble
Thimble, formerly Verifly, is a managing general agent (MGA) providing insurance to small businesses across all 50 US states. Known for its user-friendly app, Thimble allows businesses to quickly obtain online quotes, purchase policies, and manage coverage, including instant Certificates of Insurance (COIs).
Covering over 300 professions, they’ve sold 200,000+ policies to 60,000 businesses, with a high rate of first-time insurance buyers. Thimble offers various insurance types, including general, professional, and cyber liability. While customer support is primarily online, Thimble receives positive reviews for its ease of use and affordable rates. Arch Insurance acquired Thimble in April 2023.
HMH Vermont
With Hull Maynard Hersey Insurance, you can easily get the best insurance options available for a Vermont-based small business. If your business has sustained damage from external forces like theft or natural disasters, your business insurance coverage kicks in to get operations back up and running. You can get comprehensive liability coverage along with umbrella insurance to keep your business on track when disaster strikes. HMH Vermont also caters to the business insurance coverage needs of Maine, New York, and NYC residents.
Turnbaugh Insurance
At Turnbaugh, you can easily get quality, comprehensive business insurance coverage to make your life easier as an entrepreneur (or solopreneur). No matter what size your business is, this company will provide you with the insurance coverage you need to stay in business for good. Vermont-based startups can easily get general, commercial auto, commercial liability, workers’ comp, umbrella, and bonds insurance from Turnbaugh. Moreover, this insurance provider is based in Williston, VT.
Brief Overview of Leading Business Insurance Providers
The table below describes how Vermont’s leading seven insurance companies differ by product and unique selling features.
| Insurance Firm | Products | Unique Selling Features |
| InsuranceBee | General Liability, Professional Liability (E&O), Business Owner’s Policy (BOP), Cyber Liability, Workers’ Compensation | Tech-savvy, fast quotes and coverage for freelancers and small businesses |
| Hiscox | General Liability, Professional Liability (E&O), Business Owner’s Policy (BOP), Cyber Security Insurance | Tailored coverage for small businesses, streamlined online policy management |
| Tivly | General Liability, Professional Liability, Commercial Auto Insurance, Workers’ Compensation | Marketplace with access to 200+ insurance affiliates, quick coverage matching |
| NEXT Insurance | General Liability, Professional Liability, Workers’ Compensation, Commercial Auto, Business Owner’s Policy (BOP) | Digital-first insurance management, quick policy purchase within 10 minutes |
| Thimble | General Liability, Professional Liability, Business Owner’s Policy (BOP) | On-demand coverage (hourly, daily, monthly, yearly), instant Certificate of Insurance issuance |
| HMH Vermont | Commercial Property, Umbrella Insurance, Commercial Renters Insurance. | Helps businesses prepare for unexpected events like theft or natural disasters, agents can explore umbrella insurance options |
| Turnbaugh Insurance | Business Auto, Liability, Commercial Property | Experienced professionals evaluate business operations, customized Vermont commercial insurance policies |
Top Vermont Cities for Business Insurance
The following cities in Vermont provide the required infrastructure support and economic environments suitable for finding business insurance solutions.
- Burlington
- South Burlington
- Colchester
- Rutland
- Bennington
- Brattleboro
- Essex
- Williston
- Milton
- Hartford
- Barre
- Winooski
- Montpelier
- St. Albans
- Newport
Vermont Government Resources for Business Insurance
You can get additional information about business insurance requirements in Vermont through these government resources.
Conclusion
Hopefully, this blog has put your mind at ease and explained to you why you need business insurance coverage. So, if you need funding for your business, you should look for financing options in Vermont right away, and then establish your startup in the Green Mountain State. Also, we have blogs on business insurance coverage in Nebraska and business insurance providers in Michigan. Also, please visit Sophisticated Investor for the latest insights on protecting and growing your business.
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.
