Underwritten by Hiscox Insurance Company Inc.
AM Best rating: A
Customer rating: 4.8/5
Location: 30 N. LaSalle St., Suite 1760, Chicago, IL
Specialties General liability, professional liability (E&O), business owner’s policy, cyber security insurance
Why choose Hiscox?
TechInsurance is proud to offer small business insurance quotes from Hiscox, one of our trusted partners. The company supplies quotes quickly, so TechInsurance's free online application can retrieve quotes for policies.
With over 100 years of experience, Hiscox Group is a leading global specialist insurer that has over 500,000 small business customers in the U.S. Having attained a Feefo customer satisfaction rating of 4.8/5, the company demonstrates a strong understanding of the unique risks and needs each small business faces.
Hiscox insures, supports, and inspires customers by protecting the businesses they’ve worked so hard to build.
What types of insurance policies does Hiscox provide?
These are the top insurance policies sold by Hiscox. You can also view all business insurance policies offered through TechInsurance.
General liability insurance
General liability insurance protects against the most common third-party lawsuits, such as bodily injuries, property damage, and advertising injuries (e.g., copyright infringement). It's often the first type of business insurance coverage that small businesses get.
Errors and omissions insurance
Businesses that offer a professional service or give advice to clients need errors and omissions insurance (E&O). This coverage can help protect against dissatisfied clients who file a lawsuit over a mistake, missed deadline, or another complaint related to the quality of your work.
You may sometimes see this policy referred to as professional liability insurance or malpractice insurance, depending on the profession.
Business owner's policy
A business owner's policy bundles general liability coverage and commercial property insurance into one policy. It is a cost effective choice, often cheaper than buying these insurance policies separately.
Cyber insurance
Cyber insurance is strongly recommended for any business that interacts with sensitive customer information, like email addresses or credit card numbers. It covers the immediate costs of a data breach or cyberattack, such as:
- Ransoms for retrieving data
- Hiring an expert to investigate the breach and assist with regulatory compliance
- Notifying customers about the breach
- Crisis management and public relations
It also covers the legal costs of lawsuits related to a data breach or cyberattack, including legal defense if a client blames your business for failing to prevent the incident.
Which small business insurance policies does your state require?
Who does Hiscox serve?
Hiscox provides insurance products for a wide array of industries in every state except Alaska.
Top industries covered by Hiscox include:
- Building design
- Construction & contracting
- Consulting
- Finance & accounting
- Healthcare professionals
- IT / technology
- Landscaping
- Media & advertising
- Personal care
How much does small business insurance cost?
The cost of small business insurance depends on the types of policies you purchase. Here are the average premium costs for some of the most popular policies:
- Business owner's policy: $57 per month
- General liability insurance: $42 per month
- Cyber insurance: $145 per month
Several factors influence the cost of your business insurance, including your policy limits, deductible, location and number of employees.
How do I get business insurance with TechInsurance?
TechInsurance is a trusted insurance expert for small businesses, including contractors and consultants, with extensive knowledge of the IT sector. We help business owners compare quotes from top-rated providers, buy policies, and manage coverage online.
By completing TechInsurance's easy online application today, you can compare free quotes for small business insurance policies from top-rated U.S. carriers, such as Hiscox. Our insurance agents are available to help answer any questions you may have.
Once you find the right policies for your small business, you can begin coverage in less than 24 hours and get a certificate of insurance for your small business.