The Hartford is the best small business insurer for party rental companies due to its affordability and coverage. However, we recommend comparing quotes from our other top picks, including NEXT, biBerk and Coverdash.
Best Party Rental Business Insurance
Updated: June 30, 2025
Advertising & Editorial Disclosure
Key Takeaways
NEXT is the best business insurance company for party rental firms because it offers the greatest balance of customer service and coverage.
The cheapest overall commercial insurance provider for party rental businesses is The Hartford, with low monthly rates for various coverage types.
When shopping for business insurance for your party rental business, assess the risks in your industry, consult agents and compare multiple options.
Best Business Insurance for Party Rental Companies
| The Hartford | 96 | 98 | 91 |
| NEXT | 95 | 95 | 94 |
| biBerk | 93 | 97 | 91 |
| Coverdash | 91 | 92 | 83 |
| Progressive Commercial | 88 | 90 | 81 |
| Nationwide | 88 | 83 | 91 |
| Hiscox | 86 | 86 | 87 |
| Thimble | 85 | 86 | 81 |
| Simply Business | 85 | 80 | 83 |
| Chubb | 85 | 80 | 87 |
*All scores were based on a party-rental business with two employees across professional liability, general liability, workers' comp and BOP policies.
1. The Hartford
pros
Affordable professional liability and BOP rates
Strong financial backing and stability
cons
Limited digital quote customization tools
COMPANY HIGHLIGHTS
The Hartford is the best overall insurer for party rental companies, offering the lowest-cost professional liability insurance and tying for the most affordable BOP policy. It’s one of the few legacy providers that balance affordability with high customer satisfaction.
Its small business coverage includes event-specific protections, which are crucial in the rental industry. Claims are extremely unlikely to go unpaid with an A+ from AM Best for financial stability, which is the best in our study.
2. NEXT
pros
Strong customer reviews and satisfaction
Low rates across most policy types
cons
Slower quote times than competition
COMPANY HIGHLIGHTS
NEXT ranks just behind The Hartford for party rental coverage, offering competitive pricing across general liability, BOP, and workers’ comp policies. Its digital platform is ideal for small event companies needing quick insurance certificates or updates.
Despite being newer to the industry with under 10 years of experience, NEXT has earned a 4.7 out of 5.0 rating from over 3,000 customers. It’s a solid choice for tech-savvy business owners who prioritize convenience.
3. biBerk
pros
Cheapest general liability insurance
Backed by Berkshire Hathaway
cons
Fewer policy add-ons available
COMPANY HIGHLIGHTS
biBerk offers the lowest general liability rates for party rental companies, starting at $70 per month. It's ideal for small or budget-conscious firms that don’t need complex customizations. Operated by Berkshire Hathaway, biBerk combines low pricing with strong claims reliability. While it lacks deep industry-specific extras, it’s a safe option for straightforward coverage at minimal cost.
Cheapest Business Insurance for Party Rental Firms
Based on our analysis, biBerk offers the cheapest overall commercial insurance for party rental companies across most policy types. This applies only to party rental companies with two employees, and you may find lower rates elsewhere. Below are the most affordable providers by major coverage types.
Cheapest General Liability Insurance for Party Rental Companies
With an average monthly rate of $70, biBerk offers the lowest-cost general liability insurance for party rental companies. Even so, consider getting quotes from insurers: NEXT and The Hartford.
| biBerk | $70 | $834 |
| NEXT | $71 | $849 |
| The Hartford | $71 | $857 |
| Coverdash | $75 | $894 |
| Progressive Commercial | $77 | $928 |
| Thimble | $83 | $991 |
| Hiscox | $85 | $1,015 |
| Nationwide | $86 | $1,033 |
| Chubb | $95 | $1,143 |
| Simply Business | $96 | $1,156 |
Cheapest Workers' Comp Insurance for Party Rental Companies
For party rental businesses shopping for workers' comp insurance, Thimble tops our list as the most affordable insurer, with average rates of $16 per month or $189 yearly. It’s worth also checking quotes from other low-cost insurers like Progressive Commercial, Hiscox, NEXT and Coverdash.
| Thimble | $16 | $189 |
| Progressive Commercial | $17 | $204 |
| Coverdash | $18 | $216 |
| Hiscox | $18 | $211 |
| NEXT | $18 | $220 |
| Simply Business | $18 | $211 |
| The Hartford | $18 | $214 |
| biBerk | $19 | $223 |
| Nationwide | $20 | $237 |
| Chubb | $21 | $254 |
Cheapest Professional Liability Insurance for Party Rental Companies
The Hartford offers the most affordable professional liability insurance options for party rental companies, with low average monthly rates of $49. You may also want to compare prices from other low-cost providers like NEXT, Progressive Commercial and Thimble.
| The Hartford | $49 | $592 |
| NEXT | $52 | $619 |
| Progressive Commercial | $52 | $629 |
| Hiscox | $54 | $652 |
| Simply Business | $54 | $653 |
| Thimble | $54 | $649 |
| Coverdash | $55 | $661 |
| biBerk | $57 | $680 |
| Nationwide | $59 | $711 |
| Chubb | $64 | $768 |
Cheapest BOP Insurance for Party Rental Companies
If you want combined general liability and property insurance in a business owner’s policy (BOP), biBerk and The Hartford offer the lowest average annual rate at $1,090. This is around $136 cheaper yearly than the next cheapest provider, NEXT.
| biBerk | $91 | $1,090 |
| The Hartford | $91 | $1,090 |
| NEXT | $102 | $1,226 |
| Coverdash | $108 | $1,295 |
| Progressive Commercial | $116 | $1,393 |
| Hiscox | $126 | $1,512 |
| Thimble | $128 | $1,532 |
| Nationwide | $130 | $1,559 |
| Chubb | $141 | $1,694 |
| Simply Business | $143 | $1,717 |
What Type of Coverage Do You Need for a Party Rental Business?
Most companies with employees must legally carry workers' comp insurance, and businesses that use vehicles must have commercial auto coverage. Many clients or contracts require businesses to carry general liability insurance before starting work. A surety bond may also be necessary in certain industries, especially when contracts require guarantees of service or compliance.
RECOMMENDED BUSINESS COVERAGE FOR PARTY RENTAL COMPANIES
General liability insurance is recommended for party rental companies because it covers common risks like bodily injury, property damage and legal defense costs. Professional liability insurance is also a smart option for businesses that work under client contracts or provide specialized services. This coverage is useful for companies offering specialized services or handling large contracts with a higher risk of disputes.
Coverage Recommendations by Party Rental Company Type
We've broken down risk considerations and coverage recommendations by party rental business type, ordered from highest to lowest risk for claims frequency. This helps you understand which services may need broader coverage to mitigate potential liabilities.
Party Rental Company Type | Coverage Types Recommendation | Most Common Insurance Claims | Most Common Reasons For Litigation |
|---|---|---|---|
Bounce House & Inflatable Rentals | General Liability, Professional Liability, Equipment Insurance | Slip-and-fall injuries, equipment failure | Injuries to children, improper setup, negligence |
Tent & Canopy Rental Companies | General Liability, Property Insurance, Inland Marine | Weather damage, collapsed structures | Improper installation, injury from collapse |
Event Furniture & Decor Providers | BOP, Property Insurance, Equipment Breakdown | Damaged items during transport | Contract disputes, lost/damaged high-value items |
Portable Restroom Providers | General Liability, Pollution Liability, Auto Insurance | Spills, sanitation-related issues | Environmental damage, customer illness claims |
AV & Lighting Rental Services | BOP, Inland Marine, Workers’ Comp | Electrical issues, equipment damage | Venue damage, injury during setup/takedown |
Full-Service Party Rental Vendors | BOP, Workers’ Comp, Commercial Auto, Umbrella | Vehicle accidents, employee injury | Failure to deliver, breach of contract |
How to Get the Best Cheap Business Insurance for Your Party Rental Company
Here's a step-by-step method for finding the best and cheapest business insurance for your party-rental company.
- 1
Decide on coverage needs before buying
Consider risks specific to your business for claims, get advice from similar businesses, talk to agents and research the types of business insurance. This will give you a balanced perspective on your coverage needs.
- 2
Research costs
To get the best deal, research average costs for your business and determine which providers offer the cheapest rates overall. This will give you an idea of how much you're saving when comparing quotes and which companies to start with.
- 3
Look into company reputations and coverage options
Research online rating sites and forums to get a more comprehensive look at company services and how they are rated. Also, research coverage options to make sure you're covered for the right items.
- 4
Compare multiple quotes through different means
Compare multiple quotes for coverage. Pricing differs by your comparison method, whether with captive agents, comparison sites, company websites or independent agents.
- 5
Reassess annually
Your business will likely change over time, so you should reassess and repeat these steps annually to be sure you still have the best deal.
How to Decrease Your Party Rental Business's Liability Risk
Reducing liability risks is needed for party rental businesses to manage and potentially lower insurance costs. We've organized practical strategies by business type or risk tier to help you find the most relevant methods for your needs.
Party Rental Business Risk Type | Included Types of Party Rental Companies | Risk Mitigation Tactics |
|---|---|---|
Highest | Bounce house rentals, inflatable attractions, mechanical rides, tent installations | Require certified setup crews for inflatables and large structures. Conduct daily equipment inspections and document safety checks. Enforce strict weather policies for setup and takedown. Provide detailed liability waivers for high-risk items. Use anchored, weighted setups and supervise at all times. |
Moderately High | AV and lighting rentals, staging equipment, portable restroom services | Train staff on safe electrical setup and teardown. Implement proper sanitation handling protocols and routine maintenance. Use surge protection and fire safety measures. Ensure delivery staff are licensed and insured. Require venue compliance checks before installation. |
Moderate | Event furniture, décor rentals, dishware, linens | Inspect and document item condition before and after each rental. Package and transport fragile items using protective materials. Provide clear cleaning and return instructions to avoid disputes. Maintain inventory logs and enforce client responsibility policies. |
Moderately Low | Table and chair rentals, concessions equipment, smaller tent/canopy rentals | Conduct basic item inspections after every use. Use contracts that specify responsibilities for damage or loss. Offer setup services to reduce user error. Store equipment securely to prevent deterioration or theft. |
Lowest | DIY rental packages, small residential parties, popup tents and coolers | Provide clear instructions with illustrations for self-setup items. Require security deposits to offset damage or loss. Maintain a responsive line for client questions during events. Encourage early returns and customer feedback for continuous improvement. |
Best Insurance for Party Rental Business: Bottom Line
The Hartford is the best insurer for party rental business insurance, offering top-notch coverage and the most affordable rates. We also recommend that you get quotes from NEXT and biBerk. For the best deal, talk to agents, research providers and pricing, and compare multiple quotes.
Party Rental Business Insurance: FAQ
Discover answers to frequently asked questions about party rental business insurance.
Who offers the best party rental business insurance overall?
The Hartford leads in party rental business insurance with a stellar customer service rating and a MoneyGeek score of 96 out of 100. NEXT follows closely with 96.
Who has the cheapest business insurance for party rental companies?
Here are the cheapest business insurance companies for party rental companies by coverage type:
- Cheapest general liability insurance: biBerk at $70 monthly
- Cheapest workers' comp insurance: Thimble at $16 monthly
- Cheapest professional liability insurance: The Hartford at $49 monthly
- Cheapest BOP insurance: biBerk and The Hartford at $91 monthly
What business insurance is required for party rental organizations?
Workers' compensation insurance (if you have employees) and commercial auto insurance (if you own business vehicles) are legally required for party rental businesses, with requirements varying by state. General liability and surety bonds are often expected by customers and landlords, even though they are not legally required. For affordability, explore options like The Hartford and biBerk.
How much does party rental business insurance cost?
Business insurance costs for party rental businesses change depending on the type of coverage. Below, we've broken down costs for commonly needed coverage for small businesses:
- General Liability: $79 per month
- Workers' Comp: $18 per month
- Professional Liability: $55 per month
- BOP Insurance: $110 per month
How We Chose the Best Party Rental Business Insurance
We selected the best business insurer for party-rental companies based on the following criteria:
- Affordability (50% of score): The lower a company's costs compared to the competition based on our base profile for four core coverage types, the better it performs.
- Customer service (30% of score): We scored providers on overall customer satisfaction using industry studies, customer review forum ratings and public forum sentiment analysis from sites like Reddit.
- Coverage (15% of score): We scored business insurance for this category based on the flexibility, payment and actual coverage options.
- Financial stability (5% of score): Using financial stability industry ratings from companies like AM Best and Moody's, we created an overall rating to judge how likely a company is to pay out claims compared to the competition.
All pricing in this article is based on the following base profile to represent the vast majority of small businesses in all states:
- Three-person business with two employees
- Coverage: $1 million per occurrence and $2 million total per year for all but BOP, which includes the same coverage plus $5,000 of business property coverage
- $150,000 in payroll
- $300,000 annual revenue
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- AM Best. "Hartford Fire Insurance Company." Accessed June 30, 2025.
- NEXT. "Customer Reviews." Accessed June 30, 2025.