Small Business Insurance Arizona

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Small businesses are an important part of Arizona’s economy. They employ 1.1 million people in the state, accounting for nearly 43% of Arizona’s labor force.1

The owners of these establishments need Arizona business insurance to protect their businesses, livelihoods and their employees.

Having the right business coverage can help keep your Arizona company running when things don’t go as planned. It can help provide a financial safety net after business-related events including:

  • Injuries to non-employees
  • Property damage
  • Accusations of professional mistakes
  • Employee injuries on the job
  • Business-related auto accidents

NEXT is 100% dedicated to small business and insures more than 1,300 types of small businesses and self-employed workers. We make it easy for you to get the right coverage at the right price and purchase your policy online in less than 10 minutes.

Continue reading to learn about important types of business insurance in Arizona. Or get a free instant quote to see customized coverage options for your business.

Small business insurance in Arizona

No two small businesses are the same, so business insurance coverage is typically sold in customized packages. Insurance carriers may recommend several different types of coverage, sometimes called insurance products or policies.

Your business insurance needs will be determined by factors that include your:

  • Industry
  • Business operations
  • Employment practices
  • The work-related risks you encounter

A business insurance package in Arizona may include some combination of:

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More about types of Arizona business insurance

Most small businesses in Arizona need more than one type of coverage to meet their business insurance requirements. Below you’ll learn how different kinds of policies can provide protection in different types of situations.
General Liability
General Liability Insurance

One of the most frequently purchased types of business insurance is general liability coverage, sometimes called commercial general liability or business liability insurance. It can help pay for damages if someone accuses your business of causing an injury or property damage.

For instance, an employee at a painting company in Phoenix accidentally knocks over a can of paint and ruins a client’s carpeting. General liability insurance could help the painters cover the expense of replacing the carpeting.

If you own a construction or cleaning company, you may want an optional coverage upgrade called tools and equipment insurance. It can help pay for business gear that’s lost, stolen or damaged outside of normal wear and tear.

Workers Compensation
Workers’ Compensation insurance

Arizona requires most businesses with employees to carry workers’ compensation insurance. This form of coverage is designed to help cover costs when employees are hurt on the job. It can help pay for medical bills and lost wages while the employee recovers.

Here’s an example of how workers’ comp insurance could help a small business in Arizona:

An employee of a Tucson-based auto body repair shop gets a serious cut on his hand and needs medical attention, along with several weeks of physical therapy. Workers’ comp insurance could help cover the worker’s medical and rehab bills, as well as help provide lost wages while they’re unable to work.

Commercial Auto
Commercial Auto insurance

If you or your employees drive for business, you’ll need commercial auto coverage. That’s because personal car insurance won’t pay for accidents that happen while driving for business.

Commercial auto insurance could help in the following situation:

An architect in Scottsdale has a collision in a company-owned car during a dust storm. Commercial auto insurance could help cover damages to the vehicles involved in the accident and pay for medical expenses if anyone is injured.

Hired and non-owned auto insurance is a common commercial auto coverage add-on. This optional upgrade is designed to provide coverage if employees drive their own vehicles or rent cars for business purposes.

Commercial Property Insurance
Commercial Property insurance

Arizona commercial property insurance can help pay for damaged or destroyed business property after a covered event, such as water, fire or wind damage.

For example, a sprinkler malfunction at a Mesa construction company damages the office, ruining a computer and printer. Commercial property coverage could help pay to clean up the mess and replace the damaged business equipment.

Errors & Omissions
Professional Liability (E&O) insurance

If a client claims that your business made a work mistake or failed to deliver what you promised, you could face an expensive lawsuit, even if your company is not at fault.

In such cases, professional liability insurance, also known as E&O or errors and omissions coverage, could help a small business defend itself.

For example, a client says that a catering company in Flagstaff failed to fulfill a contract. If the client pursues legal action, E&O insurance could help the caterers pay for attorney fees, court costs and any damages for which they’re found liable.

How much does business insurance in Arizona cost?

How much does business insurance in Arizona cost?

Business insurance costs in Arizona can vary widely. That’s because every small business has different requirements for their coverage. How much your company will pay depends on:

Your industry

The amount of risk your business faces each day will impact your insurance costs. For example, Arizona-based restaurants, which are more likely to experience an injury or property damage, may pay more than professional services businesses, where customers are less likely to get hurt.

The policies you choose

Business insurance will cost more as you add policies to your coverage package. Most businesses need more than one type of policy to protect them in different situations.

How many people you employ

Insurance companies calculate workers’ comp costs based on employee numbers. The higher your headcount, the more you’ll pay.

The best way to explore coverage options and find out how much you’ll pay for a business insurance policy is to get a free instant quote from NEXT.

You can also use our insurance calculators for a general estimate of insurance costs in Arizona:

How NEXT can help you with business insurance in Arizona

How NEXT can help you with business insurance in Arizona

We offer a fast and easy way for small business owners to get a business insurance quote online, purchase coverage and instantly share a certificate of insurance. The entire process usually takes less than 10 minutes.

You can also chat with our U.S.–based NEXT licensed insurance agents if you need help or have questions.

Resources for Arizona small businesses and self-employed workers

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* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.
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Issuance of coverage is subject to underwriting. Not available in all states. Please see the policy for full terms, conditions and exclusions. Coverage examples are for illustrative purposes only. Your policy documents govern, terms and exclusions apply. Coverage is dependent on actual facts and circumstances giving rise to a claim. Next Insurance, Inc. and/or its affiliates is an insurance agency licensed to sell certain insurance products and may receive compensation from insurance companies for such sales. Policy obligations are the sole responsibility of the issuing insurance company. Refer to Legal Notices section for additional information.

Any starting prices or premiums represented before an actual customer quote are not guaranteed and are representations of existing premiums of active policies as of December 6, 2023. To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.