Small Business Liability Insurance Colorado – General liability insurance is a necessity for most small businesses. It protects you from accidents that may occur in your business. For example, if you own or operate a business that could cause you to be injured, such as a restaurant, construction company, repair shop, and more, you may have more general liability. Must be insured.
With the constant threat of lawsuits in the US, you’d be very risky not to buy general liability insurance – but you’d also be foolish not to.
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In Colorado, many companies offer this type of insurance, and with so many companies to choose from, you should take the time to compare different companies before deciding on one. As with most things, it pays to research and buy in advance – that’s why we’re here.
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We surveyed more than 20 companies offering general liability insurance in Colorado, and here are our top 6 provider recommendations:
Simply Business is a digital brokerage that specializes in serving small businesses. What sets them apart is that they partner with several reputable carriers that have a solid rating of financial strength and offer affordable coverage. This makes it easy for you to find cheap general liability insurance quotes from them.
Once you submit your information, Simply Business will provide you with several quotes from the partners they work with. Many of their partner carriers may not be as well known, but they offer very affordable prices that you wouldn’t be able to access otherwise.
It’s quick and easy to get and compare multiple quotes online. Within 10 minutes you will find the cheapest one for you.
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CoverWallet was founded in 2015 with the idea of putting a simple and convenient insurance solution within the reach of all businesses.
The company operates as an online commercial insurance broker, offering coverage from major carriers nationwide, covering a wide range of more than 30 industries.
CoverWallet aims to be your one-stop shop for business insurance, covering all types of businesses, from restaurants and small retail stores to health clubs and event planners. To do this, the company helps entrepreneurs compare and select multiple quotes in minutes with the ability to manage other business insurance policies from the CoverWallet dashboard.
From a policy to protect you from liability lawsuits to a package that covers you against loss or damage to goods, CoverWallet helps you navigate the seas of insurance confusion and work for your business. will help you get the coverage you need.
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Hiscox helps protect people and their assets in everyday life. With offices in Bermuda and all 50 US states, Hiscox combines a global perspective with local expertise to provide individuals and businesses with a variety of insurance products.
This insurer offers personal and business liability policies for lawyers, accountants, real estate agents and a wide range of other professionals. Whether you live in Silicon Valley, on a farm in North Carolina, or anywhere in between, Hiscox has a tailored policy that can help you manage your business risk.
If you want to protect your business against potential lawsuits, Hiscox insurance can be a great option. Hiscox not only provides reliable insurance coverage, but this global company also provides exceptional service that is always prompt and courteous.
With a wide range of policies to choose from and a flexible payment plan (if you combine policies), your business is sure to get the right protection at the right price.
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The Hartford is one of the nation’s largest insurers, protecting families and businesses for more than 200 years.
With flexible small business insurance solutions, including business auto insurance, general business insurance, traditional business insurance and more, the company is here to support your business with quality insurance and services.
Progressive Insurance is one of the best insurance companies in America. While the company’s core strength is in motorcycle and car insurance, the insurer offers competitively priced quality home insurance and more.
With its strength in the auto insurance industry, Progressive is probably one of the best providers of commercial auto insurance, one of the most expensive commercial auto insurance. If you run a business that requires commercial auto insurance, you should definitely check out Progressive. And if you also need general liability insurance, consider getting it through Progressive as well as taking advantage of their various discount programs.
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You should be aware that Progressive does not write general liability insurance policies. Rather, it acts as a broker to sell general liability insurance written by other insurers. If you buy Progressive General Liability insurance, you will get good discounts on general liability and commercial auto insurance policies.
Next Insurance is a company run by entrepreneurs. This small business insurance specialist offers simple and exclusive online policies at affordable prices with free monthly payment options.
Next Insurance provides high quality general liability insurance to small business owners through its exclusive online quote engine. The company is reliable and simple for entrepreneurs, offering flexible plans designed to meet the needs of a diverse clientele while maintaining affordable coverage.
Although Next is a relatively new and innovative company, you can rest easy knowing that it has a great A.M. The best, insurance company rating agency. All the company’s policies are backed by MunichRe, an established insurer and reinsurer. More than 10,000 business owners have turned to Next for their insurance needs. The company received a solid customer rating of 4.7.
The 6 Best General Liability Insurance In Colorado For 2023
General Liability Insurance (GLI) is coverage designed to help you cover claims that may arise in your business, even if you are not directly responsible for them.
For example, if you run a handyman business and a customer is injured on your premises, but you do not ensure that safety equipment is installed, you may be liable. GLI offers liability protection beyond regular insurance, so you don’t have to pay out-of-pocket for serious injury or death claims.
According to the US Small Business Administration, general liability insurance in Colorado protects your business if someone sues you over your business.
Although not required by law, business owners in Colorado should consider general liability insurance for legal and financial reasons. If accidents happen, a serious injury or loss can spell disaster for your business – and you may not have enough money to recover from it.
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Many small business owners hesitate to purchase general liability insurance because they fear it will be too expensive. However, without general liability insurance, when accidents happen, it can cost the entire business.
If you’re still not convinced, here are other reasons why you should consider getting general liability insurance in Colorado:
As if that weren’t enough, Colorado state courts have a reputation for awarding large settlements. Even worse, it’s money you’ll have to pay out of pocket without general liability insurance.
Therefore, small business owners should seriously consider purchasing general liability insurance for their business as soon as possible.
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Several factors determine the total cost of general liability insurance. The elements can be complex and change over time, but the most basic ones include:
General liability insurance costs an average of $42 per month or $504 per year in Colorado.
We received a few quotes from some of the companies we recommended above, and here are a few samples:
However, the cost can vary depending on the type of business you have and the part of Colorado where your business is located. Companies located in high-risk or high-risk areas may have to pay more than companies in low-risk areas.
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For example, a photographer in Denver will likely pay a higher insurance premium than another photographer working in Steamboat Springs.
Because many factors determine the price of general liability insurance, one insurer may be cheaper for you than another. Fortunately, digital brokers like CoverWallet can fill in the gaps for you and find you the best deal.
General liability insurance isn’t just for big businesses—small and large businesses in Colorado may need it. Although small claims are less expensive than large claims, there are still benefits to having this type of coverage.
General liability insurance means you can rest easy knowing your business is protected from financial ruin if your business is sued.
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Whatever your need, finding a Colorado general liability insurance company can be easy with our list of the top 6 Colorado general liability insurance carriers. , the average annual cost of professional liability insurance for a small business is $767.24. As an average annual cost, this is $600.
However, more than one-third of small business owners pay less than $600 a year for professional liability insurance.
From our analysis, we found that about 55.7% of small businesses pay less than $51 per month.
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