The Best Commercial Renters Insurance For 2023
Small businesses operating in rental units may need commercial renters insurance to protect the property from damage and loss. Check out our top 4 providers and learn why they made the list.

Commercial renters insurance protects your business assets against certain types of damage and loss. If you’re operating a small business out of a rented space, such as an office or warehouse, should you sign up for renters insurance?
In this post, we’ll go over the basics of commercial renters insurance to help you decide. And we’ll cover four of the best insurance companies offering commercial renters insurance to small businesses, so you can choose the best one.
Learn More About Our Top Picks
Read more below to learn why we chose these options.
Table of Contents [hide][show]
- What Is Commercial Renters Insurance?
- The Best Commercial Renters Insurance For Small Business
- 1. The Hartford: Best Commercial Renters Insurance For Customer Satisfaction
- 2. Next: Best Pricing On Commercial Renters Insurance
- 3. Thimble: Best Commercial Renters Insurance For Changing Coverage
- 4. Hiscox: Best Commercial Property Insurance For Multiple Locations
- Our Methodology For Choosing The Best Commercial Renters Insurance
- How Much Does Commercial Renters Insurance Cost?
- Other Types Of Business Insurance You Need
- FAQs: Commercial Renters Insurance
- In Summary: The Best Commercial Renters Insurance For Small Business
Table of Contents
- What Is Commercial Renters Insurance?
- The Best Commercial Renters Insurance For Small Business
- 1. The Hartford: Best Commercial Renters Insurance For Customer Satisfaction
- Why We Chose The Hartford For Commercial Renters Insurance
- The Hartford Pricing
- The Hartford Features For Commercial Renters Insurance
- 2. Next: Best Pricing On Commercial Renters Insurance
- Why We Chose Next For Commercial Renters Insurance
- Next Pricing
- Next Features For Commercial Renters Insurance
- 3. Thimble: Best Commercial Renters Insurance For Changing Coverage
- Why We Chose Thimble For Commercial Renters Insurance
- Thimble Pricing
- Thimble Features For Commercial Renters Insurance
- 4. Hiscox: Best Commercial Property Insurance For Multiple Locations
- Why We Chose Hiscox For Commercial Renters Insurance
- Hiscox Pricing
- Hiscox Features For Commercial Renters Insurance
- Our Methodology For Choosing The Best Commercial Renters Insurance
- How Much Does Commercial Renters Insurance Cost?
- Other Types Of Business Insurance You Need
- FAQs: Commercial Renters Insurance
- In Summary: The Best Commercial Renters Insurance For Small Business
What Is Commercial Renters Insurance?
Commercial renters insurance is a type of policy aimed at business owners who rent the space where their business operates. If you’re a business owner who also owns your own facility, you’ll obtain protection with commercial property insurance or a business owner’s policy (BOP) that includes coverage for your property.
Commercial renters coverage is not aimed at property owners. If you’re renting your workspace, warehouse, or storefront, the building you work in will be covered by the building owner’s insurance coverage. Your business assets, including equipment and any products you make and sell, are not covered under the building owner’s insurance policy.
In other words, if the building and your property inside it is damaged by fire, vandalism, or theft, you need commercial renters insurance to cover your property.
Many insurance companies bundle commercial renters insurance into a package known as a business owner’s policy or BOP. You can find great BOP coverage from top insurers such as Chubb, Travelers, and Nationwide. However, a BOP policy often includes coverage for the physical building, which renters probably won’t enjoy paying for and don’t need.
For that reason, in this post we focus on insurance companies that offer commercial renters coverage without including coverage for the physical space.
The Best Commercial Renters Insurance For Small Business
The best commercial renters insurance offers small businesses coverage they can count on, including an easy-to-navigate and dependable claims process. Some small business owners might prefer renters insurance that’s available in a bundled policy, while others may be looking for a single policy.
Whatever your particular needs, we think insurance companies like The Hartford, Next, Thimble, and Hiscox offer the best options for commercial renters insurance. Read on to decide which of these options best fits your needs.
1. The Hartford: Best Commercial Renters Insurance For Customer Satisfaction
The Hartford Small Business Insurance ![]() |
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Pricing
Varied. Average general liability is $88/monthTypes of insurance offered
30+Time to receive quote
Usually same-dayPros
- Fast, free quotes
- 24/7 claims service
- Many coverage options
Cons
- Not available in Alaska or Hawaii
Get Started With The Hartford Small Business Insurance
2. Next: Best Pricing On Commercial Renters Insurance
Next Business Insurance ![]() |
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Pros
- Discounts on multiple policies
- Strong mobile app
- Instant quotes
Cons
- Limited specialty coverage options
Get Started With Next Business Insurance
3. Thimble: Best Commercial Renters Insurance For Changing Coverage
Thimble ![]() |
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Pros
- Adjustable coverage
- Event planners accommodated
- Instant quotes & coverage
- Strong mobile app
Cons
- No phone support
- Limited additional policies
4. Hiscox: Best Commercial Property Insurance For Multiple Locations
Hiscox Business Insurance ![]() |
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Pros
- Fast quotes+
- Apply online
- Available in 49 states
Cons
- Limited policy range
- May not be suitable for large businesses
Get Started With Hiscox Business Insurance
Our Methodology For Choosing The Best Commercial Renters Insurance
We looked at more than 20 insurance providers, looking for the best commercial renters insurance options. We left a number of good insurance providers off this list, including a number of companies we consider to be among the best insurance providers for small business.
So why did we leave them off this list? Commercial renters insurance can be tricky to track down. Few providers offer standalone renters insurance for small businesses. Many combine commercial property coverage with insurance for the physical brick-and-mortar location itself. If you’re a renter, you probably don’t want to pay for coverage you don’t need, including protection for the building you’re renting.
As always, we also considered unincentivized reviews from actual customers on sites like the Better Business Bureau, G2, and Consumer Reports. We want to make sure that actual users’ experiences with insurance companies are provided, and we use those experiences as a ranking factor whenever possible.
How Much Does Commercial Renters Insurance Cost?
Insurance pricing, in general, can be frustrating, and the cost of commercial rental insurance is no exception. In most cases, you will need to speak to an insurance provider or fill out an online form and provide general or specific information about your business. Pricing will depend on factors like where you’re located, how long you’ve been in business, how many employees you have, your industry, your claims history, and so on.
Industry experts provide a range of averages for small business rental insurance coverage. The outlook is especially murky for commercial renters insurance, which often goes by a different name, such as a BOP or commercial property coverage, and includes different coverage.
According to InsuranceTrak, you can expect to pay $250-$450 per year to cover your business property and equipment.
Other Types Of Business Insurance You Need
Insurance shopping can be complicated by the fact that not all small business owners are aware of the types of coverage available. They may know even less about what types of coverage are essential.
Here are some common types of coverage you may want to look into, in addition to commercial renters property coverage.
(There are also some specific types of coverage, such as flood insurance or earthquake coverage, that you may want to add, depending on your location. Check with your insurance provider to see what’s recommended for your area.)
FAQs: Commercial Renters Insurance
In Summary: The Best Commercial Renters Insurance For Small Business
- The Hartford Small Business Insurance:
- Same-day quotes
- Rental coverage + BOP
- Available in 48 states
- Next Business Insurance:
- Instant quotes
- Starting at $17
- Available in 30 states
- Thimble:
- Instant quotes
- Pricing via personal quote only
- Available in 20+ states
- Hiscox Business Insurance:
- Quick quotes
- Pricing by quote only
- Available in 49 states + D.C.