How Much Does Hiscox Business Insurance Cost?

In general, it’s quite difficult to make fair cost comparisons among insurance providers. There are simply too many variables to consider. One provider may have a lower price for general liability insurance, while another offers cheaper property coverage. The level of benefits offered for the cost can also vary.

Unlike most providers, though, Hiscox lists prices for their most common policies right on their website. Here are the starting rates for some popular coverages:

  • General Liability Insurance: $29.17/month
  • Professional Liability Insurance: $22.50/month
  • Business Owner’s Policy (BOP): $41.67/month

While these rates will increase depending on the size and nature of your business, for starting prices they are very reasonable.

Customer Reviews

Customer reviews can be a difficult thing to qualify. It’s impossible to determine exactly which policy each reviewer holds and the specific circumstances behind their experience. With insurance, in particular, anyone who has had to file a claim is likely dealing with a difficult situation. Still, there is value in examining how a typical customer views a company since it can give you a glimpse into their general customer support reputation.

Hiscox receives excellent feedback from their customers, with very high average rating scores and well over 10,000 reviews available online. However, there is a striking lack of customer reviews among any third-party websites.