Heffernan Insurance Brokers vs TechInsurance: How Do They Compare for Business Owner’s Policy?

Heffernan Insurance Brokers arranges BOPs, and will research a custom package for small and growing companies; TechInsurance arranges BOPs through one online application and says savings typically suit firms under 100 employees and $1 million in revenue.

TechInsurance fits a small, low-risk business under 100 employees and $1 million in revenue, and reports a median BOP premium of $83 a month. Heffernan takes businesses up to 500 employees or $7 million in receipts, including unusual industries, but publishes no price. ^2,¹

What Are the Key Differences Between Heffernan Insurance Brokers and TechInsurance Business Owner’s Policy?

Whether Your Business Is Too Big

A 150-person company or one earning $3 million is past TechInsurance's typical BOP profile of fewer than 100 employees, under $1 million a year, a low-risk industry and a small commercial space. It still fits Heffernan, which uses the SBA definition of fewer than 500 employees or under $7 million in receipts. Both are brokers, not insurers. Choose TechInsurance if you're small and low-risk; choose Heffernan if you've outgrown those limits or work in a niche industry. ² ¹

Price and Coverage You Can See Upfront

TechInsurance reports a median of about $990 a year and spells out its BOP: copyright infringement, defamation and product liability are in; cyberattacks, vehicles and, without an endorsement, natural-disaster property damage are out. Heffernan publishes no premiums, limits or coverage list for its BOP, so you compare only once a quote arrives. ² ¹

Speed Versus Custom Work

TechInsurance takes one online application, and the company says you typically get a certificate the same day you buy. Heffernan will research a custom package if your industry isn't on its list, which takes longer. ² ¹

What Should You Confirm in Heffernan Insurance Brokers and TechInsurance Business Owner’s Policy Quotes?

Ask both which insurer issues the policy. ² ¹
Treat TechInsurance's $83 median as its own average, not your rate. ²
If you're in a flood, quake or storm area, ask TechInsurance what the natural-disaster endorsement costs. ²
Ask Heffernan for limits and exclusions in writing. ¹

Heffernan Insurance Brokers vs TechInsurance Business Owner’s Policy Compared

Heffernan Insurance Brokers vs TechInsurance: Business Owner’s Policy: documented features by provider

Criteria	Heffernan Business Owner's Policy (BOP)	TechInsurance Business Owner's Policy (BOP)
Who It’s For	Heffernan's small-business insurance targets companies the U.S. Small Business Administration defines as having fewer than 500 employees or less than $7 million in annual receipts, ranging from sole proprietors working from home to fast-growing companies, across industries it lists including construction, food, health care, hospitality, real estate, technology and transportation. ¹Company-reported. Small Business Insurance page's eligibility and industry-list sections.	TechInsurance says small businesses typically qualify for BOP savings if they have fewer than 100 employees, operate in a low-risk industry, earn less than $1 million in yearly revenue, and use a small commercial space. ²Company-reported. Business owner's policy product page, Eligibility requirements for a BOP section.
Coverage Features	Heffernan describes a business owner's policy as a package that combines protection for a company's major property and liability risks in one bundle, assembling the basic coverages a business owner needs. ¹Company-reported. Small Business Insurance page's coverage-type list. Specific insuring agreements and exclusions are not detailed there.	TechInsurance says a BOP covers property damage and business personal property, common third-party accidents (general liability), copyright infringement and defamation claims, theft and vandalism, and product liability claims, but excludes employee injuries, cyberattacks, business vehicles and (without an endorsement) natural-disaster property damage. ²Company-reported. Business owner's policy product page; general policy description, not a specific policy form.
Role in This Line	Heffernan's small-business division arranges a business owner's policy (BOP) for small and growing companies as one of several coverages it places. Heffernan describes itself as the source businesses go to for insurance, not as the insurer. ¹Company-reported. Small Business Insurance page description of the division and its BOP offering.	TechInsurance arranges a business owner's policy (BOP) as a bundle of general liability and commercial property insurance sold at a discount versus buying the two policies separately, according to the company. ²Company-reported. Business owner's policy product page.