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The Cowboy State is known to have the best business climate in all 50 US states for small enterprises. It’s the perfect state to start an LLC, and local ranches can even get money for solar panel installation in 2025. Over 72,000 small businesses operate in the Equality State. Sandwiched between South Dakota and Idaho, Wyoming-based companies are booming. In fact, 40,000 new LLCs were created in this state in the first 3 months of 2023!
However, Wyoming entrepreneurs shouldn’t ignore the need to get their hands on the best insurance policies to survive the business environment. Sure, starting a new company there is very easy, and business requirements are very lenient. But you shouldn’t risk the future of your business! Always have a good insurance policy in hand. So, this blog will discuss the top 10 commercial insurance providers in the Cowboy State for budding entrepreneurs.
InsuranceBee
We’ll start this list with InsuranceBee, which is an insurance provider based in Maynard, MA. On FeeFoo, they have 4.9/5 ratings based on more than 2,200 reviews. You can get professional and general liability from this provider. Also, Wyoming-based entrepreneurs can get BOP as well as workers’ comp from InsuranceBee, making it the perfect provider for small enterprises.
Tivly
The second option on our list is actually a marketplace where you can find amazing insurance providers. Based in Oklahoma, Tivly has been operating for the past two decades. You can find 200+ providers on this marketplace. Also, Tivly serves various industries, such as retail stores, tree trimming, microblading, cosmetics, trucking, etc., offering affordable packages.
Thimble
As a managing general agent (MGA), Thimble offers amazing insurance options for business owners in the Cowboy State. You can easily manage your insurance policy with this app. No wonder Thimble has sold over 200k policies to businesses associated with 300+ professions in the United States. Based in NYC, Thimble has offices in Seattle and Phoenix as well.
Hiscox
Hiscox is another leading insurance provider that helps Wyoming-based businesses with a wide range of policies. Hiscox USA has been operating since 2010, and experts have given this firm very positive reviews. This company offers 5 major insurance types, such as contents, buildings, public liability, legal expenses, and professional indemnity.
NEXT Insurance
At NEXT Insurance, they use AI tools to check your eligibility to get commercial insurance. This provider has been described as an industry disruptor by Forbes and others. NEXT has been in operation for the past 9 years. The number of NEXT clients increased from 420,000 in 2022 to a whopping half a million by next year, showcasing how much people love their services.
North Wyoming Insurance
This insurance provider is based in Buffalo. You can easily get their services whether you are a painter, landscaper, garage keeper, self-storage facility owner, or some other sort of business owner. North Wyoming Insurance doesn’t believe in cookie-cutter insurance policies. Instead, you get tailored solutions for your business.
Wexford Insurance
If you are a logging contractor based in Wyoming, you should check out Wexford. This firm will provide you with commercial insurance if your niche is tree removal, land clearing, clear-cut logging, mass excavation, etc. They operate from Greenwood, Indiana. But they also offer you free quotes and help you find the best insurance policies in your state for logging.
Plombon Insurance
At Plombon, you can easily get your hands on some of the best insurance policies available to a small business owner in Wyoming. They offer you local expertise, ample coverage options, a very customer-centric approach, and a quick coverage process. However, they are closed on weekends. If you wish to meet Twin Cities insurance requirements, Plombon is your go-to firm.
Motz-Rusin Insurance Agency
Based in Cody, Wyoming, the Motz-Rusin Insurance Agency. However, this firm is not licensed in all US states. So, if you need insurance in another state, such as Nebraska, Oklahoma, or Kansas, Motz-Rusin won’t accommodate your needs. So, we have placed it #9 on our list.
ALPS Insurance
Lastly, we have placed ALPS Insurance, a firm that caters to the needs of lawyers. If you have legal practice in Wyoming, you can get coverage from ALPS. Their top product seems to be malpractice insurance. Since they do not cater to the needs of someone other than a lawyer, we have placed them #10 on the list of Wyoming’s 10 trailblazing firms for business insurance options.
Brief Overview of Leading Business Insurance Providers
The table below describes how the top 10 insurance companies in Wyoming 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 |
| Tivly | General Liability, Professional Liability, Commercial Auto Insurance, Workers’ Compensation | Marketplace with access to 200+ insurance affiliates, quick coverage matching |
| Thimble | General Liability, Professional Liability, Business Owner’s Policy (BOP) | On-demand coverage (hourly, daily, monthly, yearly), instant Certificate of Insurance issuance |
| Hiscox | General Liability, Professional Liability (E&O), Business Owner’s Policy (BOP), Cyber Security Insurance | Tailored coverage for small businesses, streamlined online policy management |
| 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 |
| North Wyoming Insurance | BOP, General Liability, Commercial Auto, Workers’ Compensation, Cyber Liability, Professional Liability, EPLI, Pollution Liability | Tailored packages for various industries, proactive risk management to reduce premiums |
| Wexford Insurance | Logging Business Insurance, Surety Bonds, General Liability, Property Insurance | Specialized coverage for logging businesses, same-day COIs, tailored risk management plans |
| Plombon Insurance | General Liability, Property Insurance, Commercial Auto, Workers’ Compensation | Customized policies for Wyoming businesses, local expertise, customer-centric approach |
| Motz-Rusin Insurance | Not explicitly stated; focuses on business insurance tailored to local needs in Cody, Wyoming | Personalized service for local businesses with tailored insurance solutions |
| ALPS Insurance | Professional Liability Insurance for attorneys (E&O), Directors & Officers (D&O) Insurance | 100% online malpractice insurance experience, best claims handling for law firms |
Top Wyoming Cities for Business Insurance
The following cities in Wyoming provide the required infrastructure support and economic environments suitable for finding business insurance solutions.
- Cheyenne
- Casper
- Gillette
- Laramie
- Rock Springs
- Sheridan
- Cody
- Evanston
- Riverton
- Jackson
- Buffalo
- Rawlins
- Lander
- Powell
- Douglas
Wyoming Government Resources for Business Insurance
You can get additional information about business insurance requirements in Wyoming through these government resources.
- US Small Business Administration | Wyoming
- Subsidence Insurance by the Department of Environmental Quality
Conclusion
We all know that most small businesses fail to survive their 1st year. However, the rate of business failure in Wyoming accelerated in 2024, which is why all entrepreneurs should get their hands on commercial insurance right away. This guide has given you 10 amazing options to choose from; however, if you need funding to start a small enterprise, check out the names of the top financiers in the Cowboy State (private and government funds available).
You should also check out Colorado’s leading business insurance providers, along with the best commercial insurance firms in the state of Delaware, if Wyoming isn’t your cup of tea. Moreover, we suggest that you visit Sophisticated Investor for the latest insights on protecting and growing your business. It’ll help you fine-tune your business plan with ample disaster coverage.
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.
