Hiscox vs Simply Business
An honest side-by-side comparison of two of our top business insurance picks — pricing, strengths, weaknesses, and who each one is really for.
Hiscox
Ranked #6 of 15 in this directory
Specialized professional liability insurance for small businesses
Simply Business
Ranked #3 of 15 in this directory
Compare business insurance quotes from top carriers online
Our pick: Simply Business. Our editors rank Simply Business higher overall in Business Insurance — but Hiscox can be the better fit depending on your budget and use case below. How we review
Compare the details
| Hiscox | Simply Business | |
|---|---|---|
| Pricing model | Paid | Paid |
| Starting price | See website | See website |
| Category | Professional Liability | General Liability |
| Editorial rank | #6 of 15 | #3 of 15 |
Strengths
Hiscox
- ✓Deep specialization in professional liability for service businesses
- ✓Tailored policies for IT, consulting, marketing, and creative professionals
- ✓Strong financial ratings and claims-paying reputation
- ✓Online quotes available with same-day coverage binding
- ✓Flexible payment options including monthly billing
Simply Business
- ✓Compare quotes from multiple top-rated carriers in one place
- ✓No obligation to purchase after getting quotes
- ✓Transparent side-by-side coverage comparison
- ✓Educational resources help first-time buyers understand coverage types
Watch out for
Hiscox
- !General liability and property coverage is less comprehensive than full-line carriers
- !Pricing can be higher than generalist competitors for some industries
- !Limited physical agent network for in-person consultations
Simply Business
- !Not a direct insurer, so claims are handled by the underlying carrier
- !Quote availability varies by state and business type
- !May not include every carrier in the market
Best use cases
Hiscox
- →Get E&O coverage for a technology consulting firm before signing a major client contract
- →Add cyber liability to a professional liability policy for a marketing agency handling client data
- →Secure professional indemnity coverage required by a government contract for an IT services company
Simply Business
- →Compare general liability quotes from five carriers to find the lowest premium for a cleaning business
- →Use the coverage recommendation tool to understand what insurance a new food truck needs
- →Get a BOP quote comparison to bundle liability and property insurance for a salon
About each tool
Hiscox
Hiscox is a specialist insurer focused on professional liability (E&O) coverage for service-based businesses, consultants, and technology companies. The company has deep expertise in professional risks and offers tailored policies that address the specific exposures of knowledge workers. Online quotes and purchasing make it easy to get covered, and Hiscox's claims handling is known for being efficient and fair.
Simply Business
Simply Business is an online insurance marketplace that lets small business owners compare quotes from multiple carriers side by side. Rather than selling its own policies, it aggregates options from partners to help users find the best coverage at the best price. The platform covers general liability, professional liability, and BOP policies with a streamlined quote comparison experience.
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