Question: What are good providers of commercial general liability insurance for a startup? I need to get both Errors and Omission Insurance and Commercial General Liability Insurance for my startup. Any suggestions would be appreciated.
Answer: This will largely depend on the type of business that you are starting as that is the first item that carriers consider. Next, they will look at the type of experience the business has and the experience of those running the business in that industry. Some industries will fit in standard markets whereas other industries are served by the Excess and Surplus market. Depending upon which of these your business fits will determine the types of carriers that are available to you. Your best bet is to find a Scottsdale independent insurance broker who specializes in business insurance who can get to know your business and navigate all of this for you. They should have access to many different carriers and markets so you get choices on what’s the best fit for you.
Also, in some industries there exist insurance groups that specialize in very specific niches. If there is a trade group for your industry, they may be able to give a recommendation or let you know if these exist for you.
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