There’s no one policy for startups. Instead, you need business insurance for the risks your startup faces, like lawsuits and property damage. A different policy covers each risk, so you want to know which ones are a problem for your business so you can get the appropriate coverage.
Insurance Providers based on Detailed Coverage
Description: The company provides cloud-based payroll and employee benefits – such as health insurance and 401(k) accounts – through automation, ease-of-use, and expert support.
Coverage: Coverage is based on Client’s Preference and is calculated by AP Intego
Cost: Full Gusto HR Tool package comes with a base price fee ranging from $19/mo to $149/mo plus $6/mo per person to $12/mo per person. Insurance Rates are based on zip code and age of employees and dependents.
Heads Up: Health benefits through Gusto (including medical, dental, vision, HSA and FSA health plans, life and disability) are available today in Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington DC, Washington, and Wisconsin.
Description:Oscar uses technology, data, and design to offer health insurance products to individuals, families, and small businesses.
Coverage: Cover Access to doctors nearby, Top hospitals and urgent care centers, Top pharmacy partners for prescriptions, Unlimited Doctor on Call, free and available 24/7, and All essential health benefits, like free annual physicals, most vaccinations, and more
Cost: Quote is customizable based on level of coverage, zip code, and number of employees.
Heads Up:
For NY-based businesses, contribution is the employer’s choice.
For CA-based businesses, the employer has the option of covering a minimum of either 50% or $100 of the employee’s premium.
For NJ-based businesses, employers must contribute a minimum of 10% of the employee premium.
Description:Root Insurance offers liability coverage for bodily injury and property damage; non-liability coverages for collisions as well as comprehensive coverages & medical payments; personal injury protection; uninsured/underinsured motorist bodily injuries; uninsured motorist property damages; rentals; and roadside assistance.
Coverage: Combining Liability (Bodily Injury and Property Damage), Collision, and Comprehensive.
Cost: As low as $140/mo to $600/mo
Heads Up: Availability is not yet nationwide
Description:Next Insurance is an online insurance platform that helps SMEs and entrepreneurs secure and grow their businesses.
Coverage: Covers general liability insurance, professional liability, commercial auto, and workers’ comp.
Cost: Not available
Heads Up: 100% online, 10 minutes to get covered
Description:Insureon is an independent marketplace for online delivery of small business insurance. Headquartered in Chicago
Coverage: Covers General Liability, Commercial Property, Professional Liability, Workers’ Comp, Directors and Officers, Commercial Auto And Cyber Liability Insurance
Cost: Not available
Heads Up: Quotes are generated by top insurance carriers
Description:The Hartford is a financial services and insurance company offering auto, home, business, and employee benefits insurance.
Coverage: Covers a wide range of insurance products tailored fit for startups/small businesses
Cost: Average annual cost of $1,172 depending on industry and insurance coverage
Heads Up: Factors that affect insurance cost include policy details, location, size, number of employees, claim history, and industry.
Description: Vouch is an insurance company catered to startups
Coverage: Covers General Liability, Business Property, Cyber Coverage, D&O (Directors and Officers), E&O (Errors and Omissions), Employment Practice Liability, Employee Benefits Liability, Fiduciary Coverage, Crime Coverage, Hired & Non-Owned Auto
Cost: Starts at $300
Heads Up: None
Description:AP Intego is an insurance company tailored fit for small business
Coverage: AP Intego partners with 19 A-rated insurance carriers, to source the best-fit, best-price coverage for their customers.
Cost: Not available
Heads Up: None
Description:Founder Shield is an insurance company catered to startups and has differentiated coverage per industry
Coverage: Data-driven insurance brokerage which covers a wide range of insurance products
Cost: Not available
Heads Up: None
Description:CoverHound is a comparison site for business insurance providing transparent choice & competitive rates for anyone’s insurance needs.
Coverage: Data-driven matches that allow customers to easily compare rates from trusted insurers
Cost: Not available
Heads Up: None
Description:State Farm is largest property/casualty insurance company in the US, representing 10.1% of the market
Coverage: Covers a wide range of insurance products related to home & property, life, health, disability, and liability.
Cost: $1,234 average annual rate depending on insurance product & coverage
Heads Up: None
Description:Berkshire Hathaway is the second largest property/casualty insurance company in the US, representing 6% of the market
Coverage: Covers a variety of insurance products related to professional lines, surety, travel, casualty,and property
Cost: $1,168 average annual rate depending on insurance product & coverage
Heads Up: None
Description:Liberty Mutual holds 5.3% of the US Market
Coverage: Covers a variety of insurance products related to property & casualty.
Cost: Not Available
Heads Up: None
Description:AllState holds 4.9% of the US Market
Coverage: Covers a variety of insurance products related to auto, business, roadside and identity.
Cost: $1,880 average annual rate depending on insurance product & coverage
Heads Up: None
Description:Progressive holds 4.3% of the US Market
Coverage: Covers vehicle, property, finance, commercial and personal insurance.
Cost: $1,373 average annual rate depending on insurance product & coverage
Heads Up: None
Insurance Providers based on Offered Insurance Type
General Liability: No
Commercial Property: No
Professional Liability: No
Workers’ Comp: Yes, via AP Intego
Directors and Officers: No
Commercial Auto: No
Cyber Liability: No
Health Insurance: Yes
General Liability: No
Commercial Property: No
Professional Liability: No
Workers’ Comp: No
Directors and Officers: No
Commercial Auto: No
Cyber Liability: No
Health Insurance: Yes
General Liability: Yes
Commercial Property: No
Professional Liability: No
Workers’ Comp: No
Directors and Officers: No
Commercial Auto: Yes
Cyber Liability: No
Health Insurance: Yes (Accident Insurance)
General Liability: Yes
Commercial Property: No
Professional Liability: Yes
Workers’ Comp: Yes
Directors and Officers: No
Commercial Auto: Yes
Cyber Liability: No
Health Insurance: No
General Liability: Yes
Commercial Property: Yes
Professional Liability: Yes
Workers’ Comp: Yes
Directors and Officers: Yes
Commercial Auto: Yes
Cyber Liability: Yes
Health Insurance: No
General Liability: Yes
Commercial Property: Yes
Professional Liability: Yes
Workers’ Comp: Yes
Directors and Officers: No
Commercial Auto: Yes
Cyber Liability: Yes
Health Insurance: Yes
General Liability: Yes
Commercial Property: Yes
Professional Liability: Yes
Workers’ Comp: No
Directors and Officers: Yes
Commercial Auto: Yes
Cyber Liability: Yes
Health Insurance: No
General Liability: Yes
Commercial Property: Yes
Professional Liability: Yes
Workers’ Comp: Yes
Directors and Officers: No
Commercial Auto: Yes
Cyber Liability: Yes
Health Insurance: No
General Liability: Yes
Commercial Property: Yes
Professional Liability: Yes
Workers’ Comp: Yes
Directors and Officers: Yes
Commercial Auto: Yes
Cyber Liability: Yes
Health Insurance: Yes
General Liability: Yes
Commercial Property: No
Professional Liability: Yes
Workers’ Comp: Yes
Directors and Officers: Yes
Commercial Auto: Yes
Cyber Liability: Yes
Health Insurance: No
General Liability: Yes
Commercial Property: Yes
Professional Liability: Yes
Workers’ Comp: No
Directors and Officers: No
Commercial Auto: Yes
Cyber Liability: No
Health Insurance: Yes
General Liability: Yes
Commercial Property: Yes
Professional Liability: Yes
Workers’ Comp: Yes
Directors and Officers: Yes
Commercial Auto: Yes
Cyber Liability: No
Health Insurance: Yes
General Liability: Yes
Commercial Property: Yes
Professional Liability: Yes
Workers’ Comp: Yes
Directors and Officers: Yes
Commercial Auto: Yes
Cyber Liability: No
Health Insurance: No
General Liability: Yes
Commercial Property: Yes
Professional Liability: Yes
Workers’ Comp: Yes
Directors and Officers: Yes
Commercial Auto: Yes
Cyber Liability: No
Health Insurance: Yes
General Liability: Yes
Commercial Property: Yes
Professional Liability: Yes
Workers’ Comp: Yes
Directors and Officers: No
Commercial Auto: Yes
Cyber Liability: No
Health Insurance: No