Compare business insurance

Choose the coverage that’s right for you.

Business insurance comparison — learn the basics

Unlike healthcare insurance or homeowners insurance, small business insurance can mean many different things (or policies).

For example, depending on your business operations, you might need a combination of liability insurance, including:

You might also need workers’ compensation if you have employees or commercial property insurance if you want to protect the things you need to run your business.

We know it can be time-consuming to sort it all out.

We’re here to help you make an informed decision when it’s time to compare rates and make insurance decisions for your business.

Compare different types of insurance for small businesses

Why are there so many different types of business insurance?

Different kinds of businesses face different risks. That’s why there are several types of coverage that business owners can typically choose from when they are shopping for business insurance.

The types of coverage can be generally divided into three main areas:

1. Liability insurance

This includes general liability, one of the most common types of insurance for slip-and-fall injuries to people who aren’t your employees and damage to property that does belong to you.

It can also mean professional liability insurance to cover expenses related to business disagreements and commercial auto insurance for any vehicles you own.

When you get a quote with NEXT we’ll ask you some basic questions and provide recommendations for the types of liability insurance that could help protect your business.

2. Workers’ compensation

Workers’ compensation is required in most states when you have employees. It can help pay for medical bills and lost wages after a workplace injury or illness.

3. Commercial property insurance

Commercial property insurance can help replace the goods, gear and inventory you need to do business after a covered event. Usually that means certain types of water damage, fire damage, theft or vandalism. It can also help to protect structures and business interruption expenses.

Note: This is not an all-inclusive list of every type of business insurance. There are different, more nuanced coverages for various industries. For example, many restaurant owners buy liquor liability insurance and retailers buy product liability insurance.

Do I need multiple types of insurance?

This is the key question for determining what type or types of insurance you might need. In many cases, both general liability and professional liability are good to have so you can protect your business during your work with customers and clients.

There are businesses, of course, that don’t need both types of coverage but without knowing the specific circumstances surrounding a business, it is impossible to definitively say you could do without one or the other.

The best way to figure out what types of insurance you need (or don’t need) is to compare and learn about the different types of business insurance and start a quote.

How much does business insurance cost?

NEXT offers fast, affordable and tailored small business insurance. It can cost as little as $11 monthly for some businesses, but your exact price depends on multiple factors, including your business location, operations and claims history.

Lowest monthly prices for business insurance**:

  • General liability: $11
  • Professional liability: $19
  • Workers’ compensation: $13
  • Commercial property: $17
  • Commercial auto: $13

How to get small business insurance NEXT

NEXT helps small business owners compare policies and create customized, affordable insurance packages.

We offer general liability insurance, professional liability, workers’ compensation, commercial property and business owner’s policies that can be adjusted to fit your business needs and risks.

You can buy your policy 100% online after answering a few questions and access your certification of insurance instantly. It only takes about 10 minutes.*

Get your instant insurance quote today.

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Let’s find the coverage you need for your business
Business insurance is divided into different policies. We offer seven types so it's easy to design the coverage that fits your business.
General Liability insurance
General Liability
Protect yourself from accidents that cause physical injury or damaged property.
Professional Liability or Error and Omissions Insurance
Professional Liability/E&O
Shield yourself from lawsuits that claim your work errors caused financial losses.
Workers' Compensation Insurance
Workers’ Compensation
Cover medical bills and lost wages if your employees have an accident at work.
Commercial Auto Insurance
Commercial Auto
Stay on the road with coverage for dents, tows and damage to someone else’s vehicle.
Tools & Equipment Insurance
Tools & Equipment
Upgrade your general liability coverage to protect any gear that’s stolen, damaged or lost.
Commercial Property Insurance
Commercial Property
Keep your building, inventory and equipment protected from fire or water damage.
Business Owner’s Policy Insurance
Business Owner’s Policy
Combine general liability and commercial property into one policy to protect your business.
* 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.
** The cost data presented here are based on the respective policy minimum price for businesses operating in Texas. These data should not be considered a substitute for obtaining a quote specific to your business. These data were updated in July 2022.
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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.