Skip to Main Content

Small Commercial Insurance Solutions

Small businesses are forming every day, with diverse coverage requirements and rising expectations. How do you meet the needs of this rapidly changing market?

From identifying industries and businesses to add to your portfolio, to improving risk assessment and straight-through processing, Verisk’s solutions can help you increase automation and focus on tasks that add more value to your business.

Verisk’s innovative products and tools span the small commercial policy life cycle

Small businesses are big business for insurers. We can help.

Direct Written Premium

$140+ billion

In direct written premium in the small commercial segment

Small Business Without Insurance

12 million

Small businesses without insurance, with millions more underinsured

Market Opportunity

$65 – 70 billion

Untapped small commercial market opportunity

Bad underwriting data can be costly

Inaccurate or missing information on small commercial policies can lead to underinsurance for millions of small businesses and unsustainable premium leakage for providers. Reliable data and analytics solutions powered by innovations in machine learning and artificial intelligence (AI) can help insurers avoid costly misclassifications.

statistics about compounding BOP premium loss

How many hours do you spend on manual research?

Lightspeed Small Commercial

How many hours do you spend on manual research?

If an underwriter spends as little as 10 minutes searching for basic information to perform a risk assessment on a small business, it can quickly add up to thousands of hours per year. Verisk provides extensive data about small businesses in seconds using just a business name and address.

  • Reduce or eliminate the need to ask for information from business owners
  • Free up time for more complex, high-value risk assessments
  • Deliver quotes with more speed and confidence

Boost your Business Owners Program with accurate insights

Small Commercial

Automated Underwriting: Winning in the Race to Zero

For effective automated underwriting, insurers must master the intersection of data, analytics, workflow, and technology.

Learn more
Small Comm Data Noise Teaser

Reduce the noise in small commercial data

Identifying the essentials can put you ahead in the race to zero questions.

Learn more
Hit The Gas

High-quality data providers accelerate small commercial underwriting

There’s so much that goes into developing a high-quality small commercial underwriting data solution—from data governance and sourcing to compliance and model building.

Learn more
Beyond The Buzz Word

Beyond the Buzzword: Understanding the power of AI in small commercial underwriting

Learn how artificial intelligence and machine learning are reshaping the landscape of small commercial insurance underwriting.

Learn more

We chose to partner with Verisk because of the accuracy of their data. Their validation process stands out in a crowded marketplace, and it gives us the confidence to make data-driven decisions.

  • Adam Vander Weerdt
  • Manager, Commercial Lines Product Management, West Bend

Developing a path to digital transformation

Digital Transformation Small Commercial Insurers

Developing a path to digital transformation

Automating the underwriting of commercial insurance is complicated. Businesses pivot, regulations evolve, and data quality fluctuates.

There are insurers, though, that have found a path forward. They’ve developed an in-depth understanding of their existing processes, identified and prioritized their plans, and leveraged insurance expertise and insurance-ready data to create a sustainable pipeline of innovation.

Get a clearer picture of risk exposure with image analytics

Image Analytics

Get a clearer picture of risk exposure with image analytics

In today’s fast-paced, digital marketplace, the value of pictures isn’t measured in thousands of words, but in millions of dollars. Computer vision can “see” images on a company’s website , social media pages, and customer review sites through the eyes of an underwriter.

Discover how image analytics opens a new window to see your customers and applicants more clearly than ever before.

Verisk’s value extends beyond data accuracy. It’s part of the engine allowing us to bring tailored coverages to small businesses.

  • GILD Insurance

Stay competitive. Automate underwriting. Accelerate decision-making.

Commercial Lines Underwriting Strategies

Stay competitive. Automate underwriting. Accelerate decision-making.

Data and advanced analytics can drive everything from decisions on new markets and segmentation to standing up new lines of business in months versus years. Increase speed to market and boost profitability by embracing the new era of digital transformation for commercial lines insurance.

Verisk’s comprehensive data is helping us improve not only our ease of doing business but also our underwriting results.

  • John Eckmair
  • Utica National Vice President and Chief Underwriting Officer

Additional insights

Driving Growth Teaser

Driving growth: Selecting a small commercial data and analytics partner

Learn how high-quality data providers accelerate small commercial underwriting.

Read the article
Q1 Quarterly Report 23 1 1

Mild reconstruction cost rise signals stabilizing market

Total reconstruction costs increased 5.1% from October 2022 to 2023. This uptick follows the 4.3% increase from July 2022 to July 2023.

Read the article
Challenging Road Ahead Teaser

Navigating the challenging road ahead for commercial auto insurers

Commercial auto insurers, challenged by the pandemic and inflation, can find guidance in innovations from other lines of business.

Read the article
Bop Blog Teaser

Preparing BOP programs for the coverage needs of a changing world

Shifting behavioral trends are changing the way insurers provide coverage for Businessowners (BOP).

Read the article

Contact Us to Learn More

Other Ways to Connect

We are available Monday through Friday, 7 a.m. — 8 p.m. US Eastern Time:

  • Chat Now

    Note that password resets and user information are not available through Live Chat or Email. Instead, please call the main toll-free number below.

  • Main Toll-Free: 1-800-888-4476

  • Global Toll-Free: International Access code, then 800 48977489
    When calling from the UK, please dial 00 800 4897 7489

You will soon be redirected to the 3E website. If the page has not redirected, please visit the 3E site here. Please visit our newsroom to learn more about this agreement: Verisk Announces Sale of 3E Business to New Mountain Capital.