Industry
Higher-risk industries usually come with higher premiums.
Small business insurance the Amica way
Get small business insurance that protects everything you’ve built.
Insurance made for business owners like you
Why not protect something you’ve worked so hard to build? Commercial insurance for your small business can help protect your company’s business property and income, and shield it from potential liability claims. Amica has partnered with Hiscox Group to offer tailored small business coverage.
The right coverage makes all the difference
Amica has partnered with Hiscox Group to offer liability insurance for your small business. With over 100 years’ experience insuring businesses, Hiscox Group knows how to protect your business’s unique needs, even as they evolve.
Small business insurance built for you
From comprehensive business owner’s policies to specific liability coverage, we can help create a plan that protects your unique needs.
This policy bundles general liability, property, business interruption and other additional coverages into one convenient package. General liability coverage protects your business against third-party claims made against it for bodily injury and property damage resulting from your business’s products, services or operations. Commercial property coverage protects your business’s buildings and business property against covered perils like fire and theft. Business interruption coverage protects your business from lost income and covers things like operating expenses, employee payroll and more due to a covered loss.
Professional liability insurance, also known as errors and omissions (E&O) insurance or malpractice insurance, protects businesses against financial losses arising from allegations of negligence in their professional services, even in the absence of an actual error. These claims can surface when clients assert that the business’s actions or failures in the course of professional service delivery led to financial damage. This coverage helps with various financial losses resulting from professional liability claims, including covering defense costs and potential settlements. It also assists with covering alleged or actual negligence, personal injury claims (like libel or slander), actions of employees, temporary staff and independent contractors, and claims arising from professional services provided in the past (in some cases). It can also help with lost income due to reputational harm after a covered professional liability event.
Cybersecurity insurance protects businesses of any size against computer-related losses. These can include phishing or ransomware attacks, or a stolen laptop or other device containing sensitive information. If a business maintains a website, uses email, accepts credit card payments or collects and stores customer data, it is vulnerable to a cyber incident. This coverage helps with various financial losses resulting from cyber incidents, including recovering funds from fraud or social engineering and meeting regulatory costs. It also assists with defending against data privacy claims, providing broader coverage for privacy violation proceedings, covering data recovery and business interruption expenses, the cost to repair or replace damaged data, and lost income due to reputational harm after a cyber event.
If your business doesn’t operate out of a physical location or have tangible assets you need to insure, a general liability business insurance policy could be right for you. Businesses in the contracting and service industries may fall into this category. In these cases, a monoline general business liability insurance policy may make more sense than a BOP and can typically be purchased at a lower cost.
How much will it cost to insure my business?
Your small business insurance quote will depend on many factors – from coverage type to business size. Let’s see what goes into the cost.
Location
Like all insurance, your city and state make a difference.
Size
More employees increase your potential risk.
Payroll and sales
If you’re doing big business, you need more coverage.
Prior claims
Past claims cause perceived risk to increase.
Coverage and deductibles
Lower deductibles and higher coverage can cost more.
Small business insurance FAQs
While a sole proprietorship might seem simpler than other business structures, it doesn’t offer the same liability protection as a limited liability company (LLC) or corporation. This means your personal assets are directly tied to your business, making them vulnerable in case of a lawsuit or other covered event. Business insurance can protect you from these financial risks, covering things like property damage, liability claims and lost income.
Even if your business is in an LLC, small business insurance is important to have. That’s because your LLC only protects your personal assets, and leaves your business assets exposed. Getting a business owner’s policy is a good start. Just like you decided to protect yourself with an LLC, you should also decide to protect your business with a small business insurance policy.
Small business insurance costs vary. Factors like your industry (higher-risk industries cost more), location (rates differ by area), business size (more employees often mean higher premiums), past claims (previous claims can increase costs), and chosen coverage/deductibles (more coverage usually costs more) all play a role. The best way to determine your specific cost is to get a personalized quote.
There’s more to learn about insuring your small business
How to Plan for Finances When You’re Self-Employed
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*Based on internal Amica data on representative tenure (Jan. 2024 - Nov. 2025) compared to publicly available industry averages. Individual experience may vary and this statement is not a guarantee of any specific customer outcome or service experience.
**As of Dec. 31, 2025, for Amica auto and home policyholders.*
***A+ (Superior) is the second highest of 13 company ratings. Ratings range from A++ (Superior) to D (Poor). AM Best's ratings measure an insurer's financial strength.
AMIC-02-051527