Small Business Insurance

Small business insurance is a type of insurance designed to protect small businesses from financial losses due to unexpected events such as property damage, lawsuits, and accidents. It provides coverage for things like liability, property damage, and bodily injury. The purpose of small business insurance is to help business owners mitigate risk and protect their assets.

It’s best to carry small business insurance to provide coverage in the event of an accident, claim, or lawsuit.

Depending on the type of business or location, liability insurance may be required. But sometimes, what’s required isn’t enough. Your client might have a policy that they think provides the coverage they need but when a claim arises, they soon discover they aren’t covered. The truth is, many insurance companies have gaps and exclusions in their policies that will likely not cover all aspects of the business. However, Prime writes customized insurance policies based on your client’s needs so they can run their business with true peace of mind.

There are many benefits to having liability insurance coverage for a small business. Some include:

1. It helps businesses win more clients
2. It helps businesses attract and retain the best talents
3. It protects businesses against the damaging effects of lawsuits and claims
4. It keeps a business running and profitable year-over-year
5. It helps businesses conform with legal requirements

Read our blog about the top 5 benefits of small business insurance to learn more.

Please note that we do not accept submissions more than 30 days from expiration. When needed, we can provide same-day quotes and proof of coverage, you just need to complete the Insured Underwriting Call and pay the premium to get it done! To finalize pricing we require a phone call with the owner/applicant. Get started with your small business insurance quote today by clicking the “Get a Quote!” button above.

There are many reasons why you should choose Prime as your insurance partner but here are some highlights: 

Partnership Approach

At Prime, we build trusted relationships and want all parties to be involved. We arrange a phone call with every potential insured to provide fast, flexible underwriting for every client. From our underwriters to our legal team, the insured, and the producers — at Prime, everyone is considered a partner and our processes are designed for the mutual benefit of all parties involved.

“A” Rated Carrier With 40+ Years of Experience

The strength and stability of Prime have led us to over 40 years of experience in the insurance industry. Small business insurance is our expertise!

In-House Teams

We have it all under one roof – underwriting, legal, risk management, policy services, etc. You will have direct access to our staff and services, ready to assist you! We even have an in-house claims hotline if an incident or claim occurs, available 24/7. Prime can write up to $10 million in-house.

Extraordinary Claims Results

We pride ourselves on our ability to handle claims in-house and effectively. Prime’s team of attorneys and adjusters are here to assist you every step of the way. Unlike most insurance companies, Prime fights frivolous lawsuits. We will be by your side every step of the way!

Prime can help your clients even if they’ve been canceled or denied insurance in the past or have a claims history. We can insure small businesses all across the country! Whether your client needs a brand new policy or if they have gaps and exclusions in their current policy, we can write a customized insurance policy to fit their needs. 

Prime has over 40 years of experience, making us one of the best insurance companies for small businesses. Many insurance companies are turning away individuals and businesses that are deemed too risky, or, they could be leaving gaps/exclusions in policies that leave the policyholder exposed. Prime takes a more hands-on approach to learn about you, your client, and their needs so we can write a policy that ensures maximum protection.

Prime Insurance Company is an excess and surplus (E&S) lines insurance company, specializing in property and casualty insurance for non-standard, specialty risks. Prime currently produces in excess of $400 million gross premiums annually. The company writes E&S business in all 50 states and has an “A” (Excellent) rating by A.M. Best*. Prime has also earned a Financial Stability Rating® of A” (A Double Prime), Unsurpassed, from Demotech, Inc.**

Prime delivers coordinated services by integrating expert underwriting, policyholder services, policy accounting, premium financing, risk management, state tax payments, claims administration, and self-insured support program services all under one roof.

*see www.ambest.com for latest ratings
**The most current Financial Stability Rating^® must be verified by visiting www.demotech.com.