If you are a small business owner, you know how important it is to protect your business with the right insurance.
The Hartford offers a wide range of small business insurance options that can be tailored to meet the specific needs of your business.
With flexible payment plans and multiple discounts available, you can find an insurance policy that fits your budget and offers maximum protection.
In this article, we will provide an overview of The Hartford small business insurance options and how they can help protect your business.
We'll also discuss how to get started with The Hartford and what you need to know to find the best coverage for your business.
What Is the Hartford Small Business Insurance?
You might be familiar with The Hartford, one of the leading providers of small business insurance in the United States.
Founded in 1810, The Hartford has been providing financial security to individuals and businesses for more than 200 years.
The Hartford's small business insurance offers a comprehensive range of protection for your business, including property, liability, workers' compensation, and automobile insurance.
This type of coverage helps protect your business and its assets in case of unforeseen circumstances, such as fire or theft. It also helps protect you from financial loss caused by errors and omissions, bodily injury or property damage caused by your employees, and any lawsuits that may arise as a result of your operations.
With the right coverage in place, you can rest assured knowing that you are safeguarded against potential risks that could disrupt your business's success.
What Insurance Coverage Options Are Available?
Here’s a breakdown of the types of small business insurance available through The Hartford:
Business Owner's Policy (BOP):
This policy combines three essential coverages into one—property, general liability, and business interruption insurance.
Professional Liability:
This type of coverage is also known as 'Errors & Omissions' and is necessary for many businesses providing professional services. It covers legal costs should there be any claims made against you for negligence, errors or omissions in your professional activities.
Commercial Auto Insurance:
This policy covers you and any employees who are operating vehicles owned or leased by your business for liability related to vehicle operation.
Employee Benefits Liability:
This form of coverage protects you in case there are claims related to errors or omissions in the administration or delivery of employee benefits that you provide.
Cyber Liability:
Cyber Liability Insurance helps cover those losses from a data breach, cyber attack, network security failure, theft or malicious activity involving confidential information on the internet.
Workers’ Compensation:
This policy helps pay medical expenses and lost wages if an employee becomes injured while on the job.
Umbrella Insurance:
An Umbrella Insurance policy provides additional coverage beyond your Business Owner’s Policy limits in case an unexpected event occurs that’s not covered by other
Who Is Eligible for the Hartford Small Business Insurance?
As the name implies, the Hartford Small Business Insurance is designed for businesses with up to 100 employees.
That said, there are some exceptions; if you own a larger business, you may still be eligible for coverage depending on your individual needs.
To qualify for coverage, your business must meet a few criteria:
- It must be based in the United States.
- It must have been operating for at least three consecutive years.
- Your business must have fewer than 100 employees.
- Your business must not be involved in any hazardous activities or industries.
- It must not have filed any bankruptcy claims in the past five years.
If your business meets these criteria, you may be eligible for Hartford Small Business Insurance.
Additionally, you can add extra coverages such as Professional Liability Insurance - important if your small business provides a professional service - and coverage for businesses that have employees who drive a company-owned vehicle for business.
The Hartford Small Business Insurance also combines three essential coverages - Business Property, General Liability and Business Income insurance - under one policy, so you don’t need to worry about buying separate policies.
What Are the Financial Benefits of the Hartford Small Business Insurance?
The Hartford's small business insurance can provide peace of mind and financial security when things don't go according to plan.
Whether you need to replace property, switch up your operations due to an emergency, or even if a customer files a lawsuit against you, you'll be covered.
Here are some of the key financial benefits that The Hartford provides with its small business insurance:
Business Interruption Coverage:
This optional coverage will help cover lost profits if your business is unable to operate due to an unexpected incident like a fire or natural disaster.
Professional Liability Insurance:
This coverage is designed to help with the defense costs in the event of claims made against your business for alleged negligence or mistakes.
Property Insurance:
This coverage can be used to replace physical assets such as buildings, furniture, tools and equipment – helping you get back on your feet faster after an emergency.
Auto Insurance:
The Hartford offers specialized auto insurance packages for businesses that require vehicle usage for work-related purposes.
With clear and understandable policies and competitive prices, The Hartford small business insurance could be just what your company needs for ultimate financial protection in uncertain times.
How to Get Started With the Hartford Small Business Insurance
Are you ready to get started with the Hartford small business insurance? The process is simple and straightforward.
First and foremost, you’ll need to decide what type of coverage you need. From there, you’ll be able to work with the Hartford’s team of experts who can help answer any questions and provide tailored advice for your specific business needs.
To get started on your policy, you’ll need to collect a few documents from your business:
- A copy of your most recent profit and loss statement.
- A list of current employees and contractors.
- Information about any existing liability coverage for the business.
- Your business license or registration document.
Once you have all the information gathered, it’s time to review your options with a Hartford representative.
You can choose from a variety of coverage packages that may include property insurance, general liability insurance, cyber insurance, commercial auto insurance or workers compensation insurance.
This is also an opportunity to ask questions and make sure that the package you select fits all your needs.
After making a selection, simply review and sign the policy documents provided by The Hartford.
