Quote

A business insurance quote is an estimate of what an insurance company will charge you for a specific type of insurance policy. Requesting quotes from multiple insurers will help you find a reasonable deal.

Small business owners can compare multiple quotes with Insureon’s online application. The application will ask you for specific details about you and your business—such as vehicle information, date of birth, or credit score—which will help insurers determine the right coverage options.

You can get full coverage for all of your business’s various needs, such as renters insurance, motorist coverage or protection from property damage or bodily injury.

Once you complete our short application, several quotes will be delivered to you online. A licensed agent is available to provide guidance before you make a purchase, if needed.

If you're just starting to research insurance coverage, you can explore small business insurance policies with Insureon and review recommendations based on your industry.

Comparing insurance quotes involves more than just price. A few additional details can help you choose coverage that truly fits your business.

When comparing insurance quotes, it is common to find that some industries may use different terms for the same type of coverage. For instance, professional liability insurance is often also referred to as errors and omissions (E&O) insurance, even though they provide the exact same type of coverage.

Specific industry professions, such as insurance agents, real estate agents, and IT professionals, often use the term “errors and omissions insurance.” Whereas medical professionals, including doctors and physical therapists, may see this policy referred to as professional liability insurance or malpractice insurance.

Another example is workers' compensation insurance and employer's liability insurance. When comparing quotes, remember employer's liability coverage is often automatically included in workers' comp policies in most states. However, employers in monopolistic states (North Dakota, Ohio, Washington, and Wyoming) would have to purchase it separately from the state-run fund.

Sometimes, different kinds of insurance protection may use similar or common terms, but they provide completely different types of coverage.

For example, if you’re shopping for car insurance, you may receive quotes for both commercial auto insurance coverage or hired and non-owned auto insurance (HNOA). While they may appear similar, commercial auto insurance typically provides collision coverage or comprehensive coverage for your business-owned vehicles, and it's required in most states for businesses that use vehicles for work.

HNOA insurance, on the other hand, provides liability coverage for work-related accidents involving personal, leased, or rented vehicles by your business. It offers protection for what your personal auto insurance is unlikely to cover.

When comparing similar commercial auto policies or HNOA coverage, you should make sure you’re comparing different commercial auto policies with one another rather than comparing commercial auto against HNOA.

Regardless of which policy you're shopping for, an insurance agency will ask for several types of information to give you the most accurate quote. For example, if you’re seeking a car insurance quote an agent may ask you for your driving history, driver’s license number, driving record, and vehicle identification number.

One insurance policy may seem much cheaper than another, but could cost you more in the long run if it comes with higher deductibles and lower coverage limits. This is especially true for auto insurance quotes. For this reason, it’s important to take all of this into account when comparing different rates. It's much better to pay a little extra to have full coverage than to be underinsured.

A quote is different from an insurance premium.

A quote is a preliminary indication of what an insurer might charge you, based on your application. The premium is the amount you end up paying for a policy, which could be higher or lower than your quote.

It’s easy to assume coverage based on the name alone. The table below helps clarify similar insurance terms and when they're used.

Complete Insureon’s easy online application today to compare insurance quotes from top-rated U.S. carriers for the best rates. You can also consult with an insurance agent on your business insurance needs. Once you find the right types of coverage for your small business, you can typically access your certificate of insurance in less than 24 hours.