Hiscox vs PayPal Business: which one fits your business?
Side-by-side comparison of Hiscox and PayPal Business — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: PayPal Business wins on our scorecard (7.8/10 vs 7.7/10).
| Scored on | Hiscox | PayPal Business |
|---|---|---|
| Right fit for small biz | 8 | 8 |
| Ease of use | 9 | 9 |
| Fees & pricing | 7 | 7 |
| Customer support | 6 | 5 |
| Features | 8 | 9 |
| General Liability Starting Price | ~$30/mo | — |
| Professional Liability Starting Price | ~$25/mo | — |
| BOP Bundle Discount | Up to 5% | — |
| Policy Fees | Varies by state | — |
| Monthly fee | — | $0 |
| Online transaction fee | — | 2.99% + fixed fee |
| In-person (QR) fee | — | 2.29% + $0.09 |
| Instant transfer fee | — | 1.5% (capped) |
Hiscox in one paragraph
Hiscox is the gold standard for fast, digital-first insurance for white-collar solopreneurs, but it loses its edge as soon as your business adds physical risk or employees.
Skip it if: You work in a high-risk trade like roofing or tree removal, as you will likely be declined or overcharged.
PayPal Business in one paragraph
PayPal Business is the ultimate 'day one' tool for solopreneurs to get paid, though its automated fraud filters can be a headache for rapidly scaling firms.
Skip it if: You should not pick this if you process over $50,000 monthly and need a dedicated account representative to handle disputes.
Frequently asked questions
Which is better, Hiscox or PayPal Business?
On our five-axis scorecard, PayPal Business scores higher (7.8/10 vs 7.7/10). PayPal Business is the ultimate 'day one' tool for solopreneurs to get paid, though its automated fraud filters can be a headache for rapidly scaling firms.
Who should skip Hiscox?
You work in a high-risk trade like roofing or tree removal, as you will likely be declined or overcharged.
Who should skip PayPal Business?
You should not pick this if you process over $50,000 monthly and need a dedicated account representative to handle disputes.