Main menu


CoverWallet: Best Overall Business Insurance Broker

CoverWallet: Best Overall Business Insurance Broker

When business owners need insurance, they have three options: buy directly from the carrier, work with a linked agent who can sell insurance policies from a single carrier, or go to an intermediary. Commercial insurance brokers can sell insurance policies from multiple companies, giving you an easy way to compare offers. Most importantly, brokers work for you, not traders, so your biggest concern is finding quality coverage for your business.

CoverWallet: Best Overall Business Insurance Broker

CoverWallet stands out among commercial insurance brokers for business owners who are unsure of the type of coverage they need. With a simple assessment tool, CoverWallet provides expert advice to help you decide what type of coverage you need and why. Their partnerships with carriers pride themselves on having a huge appetite, ensuring that businesses in many industries and outlets get the coverage they need.

CoverWallet strengths

  • Online quotes from 12+ highly rated trucking companies
  • Coverage is available for 51 professions in 24 industries
  • Purchase online
  • Online management of policies purchased through CoverWallet and other companies
  • Basic pricing information is available for many policies

CoverWallet Weaknesses

  • No online claims management
  • Chat or advisors are not available 24/7
  • Charge broker fees and other fees in some cases


Small business owners in over 20 industries can purchase all the popular policies they need from CoverWallet to work with protections, including public liability, business property, workers' compensation, and cyber liability. CoverWallet provides detailed information on types of coverage, as well as answers to basic questions about business insurance.


CoverWallet works with several national operators on its platform, including:

  • Chubb
  • AmTrust
  • CNA
  • Hiscox
  • Liberty Mutual
  • Progressive Commercial
  • Markel

More carriers are added regularly, and all of the insurers CoverWallet partners with have an AM Best rating of A or higher, indicating that they are financially stable insurers.

Other features

Additional CoverWallet features include:

  • Insurance Needs Assessment: Use CoverWallet's insurance checklist to help identify your business property and other coverage needs based on your location, income, and number of employees.
  • Online Policy Management: CoverWallet offers a resourceful online portal for business owners to manage policies, make payments, obtain a certificate of insurance, and obtain additional coverage. Policies do not need to be purchased through CoverWallet to be managed on your portal.