If you're a small business owner searching for an insurance company for your small businesses, Hiscox insurance is an option to consider.
Hiscox Small Business Insurance includes an affordable package that offers protection for all kinds of businesses, from sole traders to larger enterprises.
In this article, we will take a closer look at Hiscox Small Business Insurance and explain why it could be the right choice for your business.
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What Is Hiscox Small Business Insurance?
You may have heard of Hiscox Small Business Insurance and wondered what it actually is. Hiscox is a leading provider of small business insurance in the United States.
Founded in 2004, the company has been providing tailored and comprehensive coverage for all types of businesses for over 15 years.
Hiscox Small Business Insurance provides comprehensive and tailored insurance solutions for businesses of all sizes.
This includes coverage for liability, property damage, data breaches, cyberattack expenses, damages due to accidents or negligence as well as ensuring business interruption and damage to your premises. The policies are flexible and customizable to meet your specific needs.
For instance, you can choose whether you’d like to go with a basic package or opt for additional coverage such as Directors and Officers Liability insurance or Professional Liability insurance.
You can also purchase coverage in the event of a natural disaster or other emergency situations. Whether you’re looking to cover one type of event or multiple areas of risk, Hiscox Small Business Insurance will have you covered.
What Types of Insurance Coverage Are Offered by Hiscox?
When you choose Hiscox for your small business insurance, you are able to purchase liability and property protection coverage. Specifically, Hiscox offers:
General Liability Insurance:
Covers third-party injuries, property damage, physical harm, damages to reputation and other liabilities.
Professional Liability Insurance:
Also known as errors and omissions insurance. It protects from claims of negligence in professional services, advice or action and covers legal costs associated with such claims.
Product Liability Insurance:
Protects businesses from damage or injury caused by a company’s product or services.
Commercial Property Insurance:
Covers buildings, equipment and other tangible property owned by the business and provides protection against theft, natural disasters and other losses.
Cyber Liability Insurance:
Protects against cyber threats, including data breaches resulting from cybercrimes and computer failures.
What Are the Benefits of Hiscox Small Business Insurance?
Hiscox Small Business Insurance comes with its own set of unique benefits - providing the security and peace of mind you need for your business.
Comprehensive Coverage
You’ll get comprehensive coverage, giving you peace of mind so that you can focus on running your business. This includes protection against property damage, lawsuits, legal fees, employee injuries, and more.
Flexible Payment Plans
It offers flexible payment plans so that you don’t have to worry about large upfront payments or cash flow issues.
You can choose a payment plan that works best for you whether it’s monthly, quarterly or annual payments - even on pre-tax dollars up to $50K.
Tailored Coverage Plans
Whether you have a home-based business or a storefront, Hiscox Small Business Insurance provides tailored coverage plans to fit any type of business.
With specialized plans for retail stores, restaurants, professional services businesses, technology companies and many more, you can trust that Hiscox will provide the coverage necessary to protect your small business from unexpected losses.
How Do I Get Started With Hiscox Small Business Insurance?
Getting started with Hiscox Small Business Insurance is simple and straightforward. All you need to do is visit their website, provide some basic information about your business, and get a quote.
Once you've received your quote, you can decide whether or not to move forward with Hiscox coverage.
Here's what you'll need to answer when getting a quote:
- Type of business.
- How long have you been in operation?
- Location of business.
- Number of employees.
- Gross sales.
- Property details.
- Vehicle details.
- Other insurance policies that may apply.
After providing these answers, the website will provide an estimate for your insurance policy and give you the option to purchase coverage.
What to Consider When Selecting the Right Small Business Insurance Policy?
When it comes to selecting the right small business insurance policy for your business, there are several things to consider.
Coverage
The coverage you select should reflect the needs of your business and its people, so be sure to read through the policy carefully and make sure you are getting the right coverage for your unique situation.
Hiscox offers a range of tailored coverages, with options ranging from property damage and business interruption coverages to professional liability and more.
Cost
Of course, cost is an important factor when selecting a policy. Hiscox understand that small businesses have different budgetary needs than larger organizations, which is why their policies are designed with a variety of price points in mind.
Level of Service
Finally, select an insurer who will provide you with exceptional service throughout the life of your policy.
With Hiscox Small Business Insurance, you can expect personalized service and attention from our team of dedicated small business experts who will guide you on selecting the right coverage and ensure that any claims process is straightforward and hassle-free.
