Best Small Business Insurance in California for 2025
Protecting your small business from unforeseen events is crucial. Forbes Advisor has evaluated the complaint records of 23 insurers in California to bring you the best small business insurance options for 2025.
Top Picks
- Mercury Insurance: With a 5.0 rating and extremely low complaint level, Mercury Insurance offers multiple discounts and additional coverage options like cyber and data breach coverage.
- AIG: AIG received a 5.0 rating for its CrisiSolution Insurance, covering crisis events such as extortion and kidnapping. It has a global claims team and offers online claims filing.
- Chubb: Chubb, rated 4.9, provides a foreign package policy for businesses operating overseas and offers customizable business owners policies.
- The Hanover: With a 4.8 rating, Hanover offers risk management services and online safety programs tailored to specific industries.
- Allianz: Allianz, rated 4.7, provides risk consulting services to mitigate risks like natural hazards and fire.
Types of Business Insurance Needed in California
- General Liability Insurance
- Commercial Property Insurance
- Business Interruption Insurance
- Commercial Auto Insurance
- Workers’ Compensation Insurance
- Cyber Liability Insurance
How to Buy Small Business Insurance in California
- Gather necessary information and documents.
- Contact an insurance agent.
- Compare quotes from multiple insurers.
Cost of Small Business Insurance in California
The average cost for general liability insurance is $42/month, professional liability is $82/month, and workers’ compensation is $62/month. Costs vary based on industry, number of employees, and coverage types.
Expert Tips
- Buy a Business Owners Policy (BOP) to bundle general liability, commercial property, and business interruption insurance.
- Bundle more coverage types for additional savings.
- Manage risks specific to your business to qualify for discounts.
Methodology
Forbes Advisor analyzed complaint data from 23 large California business insurance companies. Ratings are based on complaint records and financial strength.
For more information on the best small business insurance providers in California, including detailed reviews and ratings, visit Forbes Advisor.
