The largest commercial insurance companies in the U.S.

By Leana Schwartz, Independent Commercial Insurance Agent

Commercial insurance plays a crucial role by enabling businesses in a variety of industries to mitigate many of the risks inherent in manufacturing, distributing, and supporting goods and services.

Currently, there are over seven million small businesses in the United States. Despite their differences, these companies share one thing in common: without adequate insurance, any of them could collapse as the result of a calamity or lawsuit. Further, small businesses are liable for the safety and health of their employees while on the job. As such, commercial insurance not only protects business assets and continuity, but also the ability of employees to work and thrive.

The 12 largest insurance companies

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The largest commercial insurance companies in the U.S. were paid billions in 2016 premiums in exchange for protecting trillions in business assets.

The commercial insurance industry generates about $250 billion in direct premiums written annually. The top property and casualty insurance companies operating in the U.S. are listed below, ranked by 2016 direct premiums written. Most of these companies offer both personal and commercial insurance, as noted.

1. State Farm, 59.3 Billion

Mostly personal insurance; offers some coverage for small businesses.

2. Allstate, 30.1 Billion

Mostly personal insurance; offers some coverage for small businesses.

3. Berkshire Hathaway, 29.9 Billion

Owner of GEICO and several specialized commercial insurance providers.

4. Liberty Mutual, 29.8 Billion

Offers both personal and commercial insurance under several brand names, including Safeco.

5. Travelers, 23.2 Billion

Offers both personal and commercial insurance.

6. Nationwide, 19.5 Billion

Focused mostly on personal insurance.

7. Farmers, 19.0 Billion

Offers both personal and commercial insurance.

8. AIG, 18.9 Billion

Major provider of commercial insurance through numerous wholly-owned subsidiaries.

9. USAA, 16.7 Billion

Provides commercial and personal insurance only to current and former U.S. military personnel.

10. Zurich, 11.8 Billion

Offers only commercial insurance coverage.

11. Hartford, 11.1 Billion

Offers both personal and commercial insurance.

12. Chubb, 10.4 Billion

Offers both personal and commercial insurance.

As an independent insurance agency, NHC Insurance Services represents a variety of different insurance companies, ranging from smaller specialized carriers to several of the very large companies appearing on this list. For more information, contact NHC Insurance Services in Long Beach today. NHC serves clients in Long Beach and the greater South Bay area of Los Angeles, including Signal Hill, San Pedro, Wilmington, Lomita, Torrance, and surrounding communities.