Secure your startup's future with the ideal insurance coverage. Explore our top picks for small business insurance providers in 2024. Click to safeguard your entrepreneurial journey today.
Best Small Business Insurance Companies of 2024
Small businesses are the backbone of economies worldwide, driving innovation, creating jobs, and fostering community growth. However, with great potential comes great risk. Whether you're a fledgling startup or a well-mounted company, protecting your enterprise in opposition to unexpected demanding situations is paramount. That's in which small enterprise coverage comes into play. In this guide, we'll explore the Best Small Business Insurance Companies of 2024, helping you navigate the complex landscape and find the best coverage for your unique needs.
Best for a variety of plans
Nationwide Business Insurance
Cost
A great manner to estimate your prices is to request a quote
Policy Highlights
Nationwide gives coverage regulations for small and big agencies alike in plenty of industries. Various types of insurance also help business owners tailor their coverage.
Application available
Yeah
Advantages
Highly rated for purchaser pleasure and economic strength.
Wide variety of industries and coverages sold.
Disadvantage
The application does not support business policy management.
Nationwide gives a collection of small commercial enterprise coverage insurance options. To request a quote, potential policyholders can fill out an online form, call the insurer directly, or work with an independent agent.
Insureds must log into their account to file a claim and request a certificate of insurance online. For policy changes, such as adding another insured person, you may need to call Nationwide or your agent.
Nationwide is rated A+ (Superior) by AM Best, an independent, third-party system that evaluates the company's financial strength. A high AM Best rating indicates that the company is financially strong and able to pay its claims.
Policies and Coverages: Nationwide offers more than a dozen commercial insurance products, including workers' compensation policies and business owners policies (BOPs) for retail, service, wholesale, automobile, food, and offices. Insureds can also choose from a variety of property coverages, such as accounts receivable and inland marine, and a variety of liability coverages, such as errors and omissions (E&O) and cyber liability.
In addition to conventional popular liability, industrial property, and commercial enterprise earnings coverages, Nationwide's BOP additionally covers losses from device breakdowns. Separate commercial property policies may not be available.
It also offers management liability protection, such as employment practices liability and directors and officers (D&O) liability, for small businesses, financial institutions, and nonprofit organizations that have 500 or fewer employees, and builder's risk insurance. bonds for contractors.
However, Nationwide does not provide medical malpractice coverage, so it may not be the best option for healthcare companies.
Availability: At the national level it covers policyholders in all 50 states and the country's capital.
How much does Nationwide small business insurance cost?
In our research, we didn't find any explicit pricing information on Nationwide's website. This is most likely because every business is different and there are several considerations to take into account when pricing your insurance premiums.
Some of these considerations include:
Location. Different areas face different risks. Crime rates and seasonal weather patterns are among the factors that can affect your premium. Additionally, businesses with a physical location will have different coverage needs than an online business.
Business Type. Some industries are more dangerous than others. Businesses in the construction industry pose more risks to an insurer than to a florist, for example, which can lead to higher premiums.
Claim history. Policyholders who have had no prior claims may be quoted lower premiums than those who have filed several claims in recent years.
Coverage needs. Factors such as the value of business assets or the property you want to protect will have an impact. For example, a business that relies on more expensive equipment and stores a year's worth of inventory in its facilities will pay more for commercial property insurance than a business that only has one or two pieces of standard machinery and stores three months' worth of inventory.
What small business insurance policies does Nationwide offer?
The following is an overview of the types of small business insurance policies offered by Nationwide, although it is also best to check the insurer's website for up-to-date information.
Business Owner Policy (BOP)
A business owner policy (BOP) typically combines commercial property coverage, general liability coverage, and business interruption (or business income) coverage. The Nationwide BOP offers these three coverages plus equipment breakdowns, all in one package. It also offers several additional coverages that you can add to fill in the gaps, such as accounts receivable, inland shipping, employment practices liability, business crimes, and cyber liability.
According to Nationwide's website, this option is best suited for businesses that make less than $5 million in sales, employ fewer than 100 people, and have facilities far from their primary home.
Overall responsibility
General liability (GL) insurance, or commercial liability insurance, can provide coverage for legal and defense costs, medical expenses, settlements and judgments, and any other damages for which you or your company are legally responsible. Generally, GL coverage applies to third-celebration claims for physical injury, belongings damage, and private or marketing and marketing injury.
Nationwide offers a basic policy along with backup options such as fire liability, completed products and operations liability, employment-related practices liability, and alcoholic beverages liability.
commercial car
A standard commercial auto insurance policy from Nationwide may include liability, collision, comprehensive, uninsured/underinsured motorist, and medical payments coverage. The policy covers you and your employees and, depending on the policy you select, may include employee cars used for business purposes, loaner cars, or rented cars. You also can upload 24/7 roadside assistance.
Workers' Compensation
Nationwide workers' compensation insurance protects you and your employees should an accident or illness occur while on the job. You'll need to make sure you follow your state's rules and regulations to ensure you purchase the right coverage.
Learn more in our rating of the best workers' compensation insurance companies.
Business income
Nationwide business income insurance can help cover lost income, operating costs, and temporary location expenses if your business needs to temporarily close due to property damage caused by a covered loss. Nationwide offers non-obligatory endorsements to growth coverage for added expenses, based properties, civil authorities, and alertness interruptions.
Learn more about business income, business interruption, and insurance.
Commercial crime
Nationwide offers several commercial crime insurance options, including coverage for employee dishonesty and theft of property, money, and securities. It can even cover theft if you and your employees are off-site.
Cyber liability
Cyber liability policies include coverage for identity recovery, data compromise, and damages against computer attacks or viruses. Your coverage could also protect you against claims from third parties who suffered damages due to your company's cybersecurity vulnerabilities. You can pay for data restoration, lost business, and public relations services to communicate with third parties about hacks.
Errors and omissions (E&O)
Errors and omissions or E&O insurance is a type of liability coverage that protects a service-oriented business against claims if a client sues it for bad advice, misrepresentation of services, failure to disclose important details, or other related incidents that result in a financial loss. Nationwide may pay legal fees and other related expenses, such as court costs, judgments, and settlements, up to the coverage limit.
How do I buy small business insurance at Nationwide?
You can begin the system with the aid of inquiring for a quote online, however in the long run you may want to paintings with an agent to buy a policy:
Contact the entire country. Go to the Nationwide website and go to the business section to start your online quote or call to speak with a representative. You can also schedule a call when it is most convenient for you.
Complete the online form. To request a quote online, fill out the required information, such as the coverages you need, your contact information, and other details about your business.
Provide additional information. Once you submit your form, an agent will contact you to review the details you submitted and may request additional information to provide you with a detailed quote.
Check quote. Once you receive the formal quote from Nationwide, check the fine print. Check to see if the policy includes the exact types of coverage you expect to receive and whether the price seems fair to you. If you have any questions or concerns about anything you see, please contact your Nationwide agent.
Finalize the policy. If you like the quote, you can proceed with policy completion by submitting the necessary payment and waiting for the agreed policy start date.
How do I file a claim with Nationwide?
You can file a claim online with Nationwide. You can also call the insurance company or contact their agent. To report a claim, comply with those steps:
Gather necessary documentation: It is best to file a claim as soon as the incident occurs. Before doing so, you will need some information to be able to successfully file a claim and help speed up the process. You will need contact information for the parties involved in the claim, the date of the incident, the type of loss, policy details, and any documentation of the loss or injury.
Contact Nationwide: You can submit your information online after logging into your account, calling Nationwide, or contacting your agent.
Please wait for the next steps: A Nationwide claims professional will contact you to answer any of your questions and will work with you to handle your claim. They will guide you through the process and may need to schedule an appointment to have an adjuster perform an on-site evaluation. In most cases, we will contact you on the day you submit your claim.
Review the results: After evaluating your claim, the documentation you submitted, and your policy coverage, Nationwide will decide the appropriate payment type. Work with the claims professional to ensure the outcome of the claim is one you agree with.
Best for independent contractors
Next Business Insurance
Cost
The best way to estimate your costs is to request a quote
Policy Highlights
Next covers small businesses in dozens of industries and several different types of coverage to choose from. Online quotes and claims make the process fast and digital.
Application available
Yeah
Advantages
There are a wide variety of policies available and quotes available online.
Insurance certificate available online immediately
Disadvantages
Not rated for customer satisfaction
According to the information provided in the sources, Next Insurance is a prominent commercial insurance company that stands out for its digital approach, easy-to-use services, and customized coverage options. Below are the key points about Next Business insurance:
1. Digital Convenience: Next Insurance offers a simple online application process that allows business owners to quickly register and manage their policies digitally. Users can access and share their insurance certificates online, which is convenient for small business owners who prefer a digital approach to insurance management.
2. Insurance Products: Next Insurance offers a variety of policies that can be purchased individually or together for up to 10% off. Their offerings include general liability insurance, commercial property insurance, business owners' policy (BOP), professional liability insurance, workers' compensation insurance, and more. These products target various industries, such as construction, child care, fitness, and online publishing.
3. Specialized Coverage – While Next Insurance offers a full suite of insurance products, it may not provide certain specialized types of coverage, such as key person insurance. For businesses that require specific types of coverage beyond what Next offers, it is recommended to explore quotes from multiple providers to find the most appropriate coverage.
4. Mobile App: The NEXT mobile app allows users to manage their business insurance conveniently from anywhere. Users can create and send insurance certificates instantly from their phones, view policy details, and easily access customer support through the app.
5. Customer Service: Next Insurance emphasizes customer service through its digital platform but also provides telephone support during specific hours. Users can submit insurance claims directly through the online customer portal or over the phone for assistance.
Best for small businesses
The Hartford Business Insurance
Cost
The satisfactory manner to estimate your fees is to request a quote
Policy Highlights
Hartford has been presenting coverage rules for more than 2 hundred years and insures more than 1 million small businesses. It gives insurance for quite a few industries and is especially rated for patron satisfaction.
Application available
Yeah
Advantages
Quotes available online
Highly rated for customer satisfaction.
Disadvantage
The application does not support business policy management.
Hartford is a coverage company that gives a set of insurance alternatives for small companies in diverse industries. It has an A+ (Superior) monetary energy score from AM Best.
Hartford's online portal permits policyholders to cite and put up coverage changes, request certificates of insurance, and record and music claims. You also can record a declaration online without an account.
While the insurer typically allows small businesses to start the quoting process for a new policy online, you may need to complete the application with an agent. This depends on the type of policy you are purchasing. Their website may also direct you to call the insurer directly, fill out a contact form, or find a local independent agent in your area to get started.
Policies and Coverages: Hartford gives numerous small enterprise coverage products, together with workers' compensation, expert liability, cybersecurity, and scientific malpractice coverage. The insurer has industry-specific coverage options for associations and nonprofits, skilled trades, healthcare, and more. Your Business Owners Policy (BOP) can be customized with coverage for off-premises utility outages, data breaches, and more, and provides business income coverage that takes effect after a covered property loss without a period.
Standby.
It also offers stand-alone commercial property insurance for businesses that don't want a BOP, global insurance for businesses sending employees overseas or selling products online internationally, and home-based business insurance.
Although Hartford does not have a farm and ranch insurance option, it does provide coverage for livestock and animal mortality.
Availability: Hartford insures small businesses in 48 states, plus the District of Columbia. Does not offer coverage in Hawaii or Alaska.
How much does Hartford small business insurance cost?
The amount you pay for small business insurance can be influenced by several factors. The first factor is what type of business you run and the size of that business. For example, a construction company with a large staff and a fleet of trucks will need a larger commercial insurance plan. They would probably need workers' compensation insurance, commercial auto insurance, and general liability insurance, just to get started.
Hartford may take your claims records under consideration whilst figuring out premiums. A company with no history of making claims may be considered to have a lower insurability risk than a company with a long history of claims.
Premiums may also be affected by the coverage limits and deductibles you choose. Working with an agent or calling Hartford can help you determine what coverages you should have and how much, as this can vary depending on your industry and the specific risk level of your business.
What small business insurance policies does The Hartford offer?
Hartford has several small business insurance products, from marine insurance to commercial home insurance.
Business Owner Policy (BOP)
A Business Owners Policy (BOP) through The Hartford combines commercial property insurance, general liability insurance, and business income insurance into one policy. Helps protect business owners from covered threats to their buildings (whether rented or owned), equipment, and tools; third-party claims for bodily injury, property damage, and personal or publicity injury; and loss of income due to a covered property claim.
Workers' Compensation
Workers' compensation insurance provides coverage for employees if they are injured, sick, or die on the job. This type of insurance is also known as workers' compensation or workers' compensation. It can help cover employee medical care or treatment, replace lost wages, provide disability benefits, and even provide death benefits.
Overall responsibility
This type of business insurance can help protect against negligence claims for property damage or bodily injury. It may cover third-party medical bills and/or property repair or replacement costs arising from normal business operations. It can also cover cases of reputational damage, such as slander or slander, as well as advertising damage and damage to the premises that are rented to you.
Professional Responsibility
Professional legal responsibility is a bit extraordinary from well-known legal responsibility. It is a more specialized product that protects you in case someone claims damages for your service or professional advice. It can assist in negligence, misrepresentation, and faulty advice.
Management responsibility
Hartford's Private Choice Premier insurance package combines five types of management liability coverage into a single policy to protect a company's board members, executives, and managers. Coverage includes:
Directors and Officers (D&O) Liability Insurance
Employment Practices Liability (EPL) Insurance
Fiduciary liability insurance
Crime insurance
Kidnapping and ransom/extortion insurance
Hartford also offers administrative liability insurance plans designed for nonprofit organizations and financial institutions.
Liability for labor practices
Employment practices liability is different from general liability. It focuses more on protecting the company from employment-related claims, rather than third-party claims. This type of policy can offer coverage for wrongful termination, discrimination, and harassment claims. It can help with the legal costs of these types of lawsuits.
commercial umbrella
Umbrella insurance goes beyond other liability policies. If a claim exceeds the coverage limit of other liability policies, then umbrella coverage may kick in to cover additional costs. It can help with costs related to legal proceedings, medical bills, damage to another person's property, and judgments and settlements.
commercial car
Business auto provides coverage if an employee is involved in an accident while using a company-owned vehicle. It can also help with property damage and medical expenses resulting from a car accident. Hartford even has contracted and non-owned auto insurance for accidents on a personal, rented, or leased car that was used for business purposes.
Cyber security
Cybersecurity coverage protects companies from the dangers of operating in an internet world. Hartford has separate policies: cyber legal responsibility coverage and statistics breach coverage.
Data breach insurance can help offer protection if customers' personal health information (PHI) or personally identifiable information (PII) is stolen or lost in a breach. Cyber liability can help protect in the event of viruses or other cyber attacks, lawsuits or investigations against the loss of customer information, regulatory fines, or loss of revenue after an attack. Hartford recommends the latter for large companies.
Commercial property
This type of insurance can help protect property that the company owns or rents. It can protect against covered perils such as fire, burglary, theft, wind, or lightning that damage property. Even if someone has a home business, this type of coverage can offer more coverage than a standard endorsement on a homeowners insurance policy. It can cover any equipment, tools, inventory, or different gadgets used for commercial enterprise needs.
Commercial flood
As the call suggests, this kind of coverage facilitates guarding an enterprise towards flood damage. It can help cover the physical location and elements within the building. This type of insurance is often offered as a separate policy outside of standard commercial property policies and is provided by the federal National Flood Insurance Program (NFIP).
Business income
Business income or business interruption insurance helps replace lost income resulting from a covered property loss. For example, if a fire destroyed your restaurant, this type of insurance would help you replace the income you were unable to earn while the building was being repaired or rebuilt so you can continue paying your employees, taxes, loans, and rent or mortgage. Hartford Business Income Coverage has no waiting period after a loss occurs before coverage applies and offers several endorsements, including dependent properties, extended income, and off-premises operations and utilities.
Marine insurance
For all people going for walks a marine-associated business, The Hartford gives an extensive form of coverage merchandise associated with marine coverage. For example, there are ocean marine policies such as cargo, transportation, and hull and compensation policies.
Inland Marina
Hartford also offers inland marine insurance, which can cover property that must be transported from one location to another, such as construction equipment, tools or inventory being shipped overland; assets used for communication, such as telephone towers or railway tracks; or special, expensive property, such as artwork, medical equipment, or dry-cleaning clothing.
Multinational
Multinational insurance, or global insurance, is designed for US-based companies that operate internationally. This may include companies that sell products over the Internet to consumers outside the U.S. or that have employees who travel abroad for business purposes. Umbrella policies can provide coverage for bodily injury, property damage, data breaches, and more. Standard commercial insurance policies written in the U.S. generally do not extend to claims occurring in other countries. Umbrella insurance can help fill these gaps.
Business from home
Home-based business insurance can protect a standard homeowners policy. Many owner's regulations restrict or exclude insurance for a home-primarily based totally business. Home business insurance can help provide coverage for the technology, files, and professional equipment used to run that business.
Hartford offers its general liability insurance, business owner's policy, and other commercial insurance products to home-based businesses, which can fit large or small operations. It can even help protect you if clients visit your home; whether you have employees, whether they work on or off the premises; or if you lose income due to property damage to your home.
How do I buy small business insurance at The Hartford?
1. Decide the way you need to get a quote and find out about to-be-had products. Hartford has several ways to obtain policy information. You can complete a quote online if you know the types of products you are looking for. You can also call The Hartford or locate a local independent agent who works with the insurer.
2. Gather your company information. Even if you get a quote online, the website will ask you questions about your business. The first page of the listing process requests information such as the number of employees, location information, and the year your business was established.
3. Complete the process you choose. If you choose to get a quote online, please complete the online form so you can get your quote. Depending on the type of policy you are purchasing, you may need to officially purchase it from an agent or company representative.
If you receive a quote over the phone, call The Hartford or an agent with your company information on hand so you can get the most accurate information.
How do I file a complaint with The Hartford?
1. Decide how you want to file a claim. You can report a declaration online via The Hartford internet site or via way of means of phone.
2. Make the phone call or complete the required information online. The website makes it easy to designate the type of claim you are filing, such as commercial auto or general liability. Once you are making your selection, the internet site will come up with smartphone numbers to name or online bureaucracy to fill out. You can also use your online account, or register for one, to file the claim, which you can also use to track your progress.
3. Work closely with the claims adjuster. Hartford states that there are skilled claims adjusters to be had that will help you for the duration of the process.
4. Track your claim online. You can also track your claim by logging into your account and seeing what the claim is doing.
Best for medium-sized businesses
Chubb Business Insurance
Cost
The quality manner to estimate your expenses is to request a quote
Policy Highlights
Chubb Business Insurance is available to businesses with up to $30 million in revenue. It offers a variety of services to businesses across various industries and several coverage enhancements for business owners' policies to customize coverage.
Application available
Yeah
Advantages
Quotes available online
Highly rated for customer satisfaction.
Disadvantages
Insurance certificates must be requested.
Chubb is a financially strong insurer with a wide range of small business insurance products. To become a policyholder, businesses with an estimated annual gross receipts of $2 million or less can browse the online quote portal. For those hoping to earn more than $2 million, you'll need to fill out a contact form or locate a local independent agent to receive a quote.
Policyholders can pay bills, file claims, and review policy documents through the Customer Center. Your agent may have to help you register for an account, but if a claim arises in the meantime, you can still file online as an unregistered user.
The company has an A++ (Superior) rating from AM Best, indicating superior financial strength.
Policies and Coverages: Chubb gives commercial enterprise coverage policies (BOP) for greater than 500 industries, along with contractors, wholesale companies, and economic offerings providers. Policyholders can pick out extra insurance alternatives for device breakdown, records breaches, overseas legal responsibility, and more. Companies with revenues of $30 million or less may be eligible for a BOP with Chubb.
In addition to BOPs, Chubb offers commercial package policies (CPP) for businesses that may need broader coverage, such as comprehensive property coverage, unlimited coverage periods for loss of business income, and foreign exposure extensions. It also offers workers' compensation insurance, cyber insurance, general liability insurance, umbrella insurance, and stand-alone business property insurance.
Contact Chubb without delay or one of its legal marketers to see which alternatives are great for your enterprise needs.
Availability: Chubb gives small enterprise coverage guidelines in all US states, plus the District of Columbia.
How much does Chubb's small business insurance cost?
The final price you'll pay for your Chubb small business insurance policy will vary depending on the factors you use to evaluate your business's risk.
Some factors that determine premiums may include:
Location. The degree of chance related to your business's vicinity can affect the value of a policy. For example, your premiums may be higher if your store is located in an area prone to certain types of natural disasters, such as flooding. Your premiums may also be affected if your business is located in an area with higher crime.
Business Type. Your small business industry can affect premiums, as each has different liability risks. For example, construction and manufacturing companies typically have higher liability exposures, which are often reflected in their insurance premiums.
History of previous claims. Insurance companies can look at your claims history to determine your company's risk level. For example, if your company has been sued or has had multiple workplace accidents in recent years, the insurer may decide to charge a higher premium.
Commercial property value. The amount of coverage you purchase to protect your business property will affect the amount you pay in premiums. For example, a company that wants to protect equipment, inventory, and buildings may pay higher premiums than a company with a small office and no inventory.
What small business insurance policies does Chubb offer?
Chubb gives loads of coverage types, which include trendy liability, expert liability, workers' compensation, and cyber insurance. Please note that the following is not a complete list of Chubb's offerings. It is best to contact the insurer directly for suggestions or more details about what your small business may need.
Policy for business owners
Chubb's Business Owners Policy (BOP) offers comprehensive liability and property risk coverage, starting with basic general liability, commercial property, and business income insurance coverages. The insurer offers coverage for a variety of industries, including those in the retail, manufacturing, and food service sectors. Small business owners with up to $30 million in revenue can purchase this policy.
Professional Responsibility
In general, expert legal responsibility coverage protects people who offer expert offerings or advice. If a client were to claim negligence, misrepresentation, or other error, this type of policy can help cover legal and defense costs. Chubb offers different types of professional liability insurance products designed specifically for a variety of businesses, including contractors, law firms, financial institutions, educational institutes, and media organizations. For greater statistics about your industry, touch Chubb or your coverage agent.
Workers' Compensation
Small business workers' compensation offers coverage for organizations with up to $30 million in revenue and just one employee. Chubb's policy provides protection for your employees' medical expenses and lost wages after a work-related accident or illness. Employer legal responsibility and waiver of subrogation are optionally available coverages, alongside tour coverage for personnel who now and then behave commercial enterprise abroad.
Cyber security
Chubb cybersecurity insurance offers coverage for most cybersecurity-related risks across the business.
Policies include coverage for things like:
Privacy violations
Business interruption
Loss of payment card information.
Personal information, such as media in which you are personally identifiable, browsing history, and biometric data.
There are also several options for adding coverage to the policy. One of them is a ransomware encounter backup, which would provide coverage if your company falls victim to a ransomware attack.
In most cases, coverage is applicable globally, as data hosting and storage can be anywhere in the universe. There are no minimum premiums for Chubb coverage as it will be tailored to the size of your small business risk. Premiums are based on the extent of your limits and coverage.
Business travel insurance
Chubb's business travel accident insurance policies offer accidental death and dismemberment benefits while traveling for business, or more if they are considered key employees. Depending on the policy, blessings encompass journey help and blessings primarily based totally on numerous worker classifications. Some of these benefits include disability benefits (including total and permanent disability), and medical expenses for accidents, paralysis, and coma.
Chubb also offers coverage for international business trips. Some of the primary coverages of your foreign package policy include commercial auto contingent liability, foreign assistance services (including emergency medical evacuation and lost document assistance), and employer contingent liability. In most cases, policies are available to companies that make fewer than 100 trips abroad, with each trip lasting up to 30 days.
Overall responsibility
Chubb general liability insurance provides coverage for various loss exposures, including advertising injuries (including coverage for things like copyright infringement, defamation, slander, and invasion of privacy of your company's advertising), bodily injury, property damage, and personal injury (which includes coverage for things like harassment, segregation, and discrimination) when the company is found liable. Chubb provides worldwide coverage for claims filed in the U.S., its territories, or Canada and extends coverage to employees, suppliers, and lessors of facilities or equipment.
Equipment breakdown
Chubb Equipment Breakdown Coverage offers a variety of ways to customize your policy and is available for many types of industries, including hospitality, education, manufacturing, publishing and printing, food processing, and cold storage. In the event of a covered peril, your coverage will include replacement and repair of equipment and may provide coverage against food spoilage and ammonia contamination.
Liability for contamination of premises
This policy offers coverage for American and US-based multinational companies. In general, the coverage covers unintended and surprising pollutant events, in addition to sluggish ones. Other types of coverage that may be available include third-party property damage, transportation, disaster management, and product contamination coverage.
Contractor Pollution Liability
The Contractors Pollution Liability (CPL) policy differs in that it offers coverage for most commercial contractors, rather than larger businesses and their employees. It offers subscriptions for different industries, including carpentry, general contracting, masonry, landscaping, and roofing. Other features include transportation coverage, emergency response, and disaster management coverage.
Surplus and Surplus Lines (E&S)
Excess and surplus (E&S) policies are for companies with high or unique risk factors. Due to the high or uncertain risks associated with these companies, commercial insurance policies may not be offered in the traditional insurance market. This is where environmental and social policies come in.
They are typically purchased through a specialized marketplace of insurers, called the surplus lines market. However, a few widespread companies might also additionally have a selected corporation to help with those needs. For example, Chubb offers environmental and social policies through its company in Westchester. Licenses for the surplus lines market vary from those of traditional insurers.
Depending on the policy, there may be general liability, property, general liability (or excess liability), professional liability, or workers' compensation coverage.
How do I purchase Chubb small business insurance?
You can purchase a Chubb policy online (as long as your business generates $2 million or less in revenue), by speaking with a representative over the phone, or through independent agents. You can head to Chubb's website to find a list of agents in your area.
If you are eligible to apply online, follow these steps:
Click on the form. Click the "get a quote" button on the Chubb website.
Indicate your business income. Select if your company's revenue is less than or more than $2 million.
Fill out the initial form. If your revenue is less than $2 million, you will be directed to an online form where you will be instructed to fill out details such as your business's Gross revenue, enterprise, and location, and whether or not you have already got enterprise insurance.
Select your coverage. Chubb will ask you to choose from a listing of insurance options, consisting of well-known liability, cyber, or umbrella insurance.
Provide details about your business. The next section will ask you to fill out details about your small business, including your legal name, address, number of employees, and projected coverage date.
Check your coverage. Select any optionally available insurance you need and assess the coverage earlier than intending to pay. After you make your payment, Chubb will contact you to provide you with the policy documents.
How do I file a claim with Chubb?
Policyholders can file a claim online, by phone, or through their agent (if the policy was purchased through one).
To file a claim online, you will generally need to do the following:
Go to the complaints section on the Chubb website, click on “Report a complaint as a customer,” and then choose “Business Complaints.” If you purchased your policy online, you can open the claims portal.
Please provide as much detail as possible about the claim, including the type of incident, when it occurred, and any documentation you have to prove your claim.
Submit your declaration and Chubb will contact you to affirm receipt of the declaration in addition to a declaration number. You will be assigned a dedicated claims representative who will work with you and determine what you are eligible for under your policy.
Depending on the hazard, you can move or protect your property from further damage, but be sure to check with Chubb to see if this will be covered.
Depending on the extent of the damage, you will need to work with the claims representative to arrange suitable times for risk engineers, attorneys, recovery specialists, and loss adjusters to visit the site.
Once your declaration has been investigated, Chubb will contact you to decide your evaluation and, if approved, will paint with you the problem price within forty-eight hours.
Best for customer satisfaction
State Farm® Business Insurance
Cost
The exceptional manner to estimate your charges is to request a quote
Policy Highlights
State Farm Business Insurance provides coverage to more than 300 industries and is highly rated for financial strength and customer satisfaction.
Application available
Yeah
Advantages
Variety of coverage types and industries.
A++ score for economic power with the aid of using AM Best
Disadvantages
Online quotes are only available in Wisconsin, Texas, Colorado, and California.
NAIC complaint rate above average
State Farm has product offerings in a variety of industries, with more than 200 professional designations listed on its website. It has AM Best's highest financial strength rating: A++ (Superior).
While State Farm offers some online capabilities, such as requesting a certificate of insurance, its website features are limited compared to similar insurance providers. Business proprietors can most effectively record business car claims online – for different losses, they may have to name the claims line.
Potential policyholders also cannot request a quote online. Instead, they can type in their zip code to find a local agent or fill out a contact form to have an agent contact them directly. The company works with exclusive State Farm agents and agencies nationwide.
Policies and Coverages: State Farm can provide coverage for a wide range of professions. It offers several insurance products, including professional liability, commercial auto, directors and officers (D&O) liability, workers' compensation, and farm and ranch. However, it does not offer medical malpractice coverage.
Your basic business owner
policy (BOP) bundles general liability, commercial property, loss of income (business interruption), and equipment breakdown. Policyholders can also add optional coverages to meet their business needs.
Commercial belongings and fashionable legal responsibility insurance might not be to be had as separate guidelines out of the doors of a BOP. Contact a State Farm agent for extra information.
Availability: State Farm and its nearby marketers perform in all 50 states and the District of Columbia.
How much does State Farm small business insurance cost?
Many factors go into determining how much your premium will be. This includes:
Your profession: Some industries or professions pose more risks than others. For example, a florist may present fewer risks compared to construction companies. In most cases, the higher the perceived risk, the higher the premiums will be.
Policies: Different companies have different coverage needs and different policies and coverages have different costs. For example, a company that purchases only general liability insurance may pay less than one that requires both general liability and professional liability.
Location: If your business is located in an area with less crime and susceptibility to extreme weather conditions like flooding, you may pay fewer premiums.
Coverage Limitations: The value of your business property or the amount of coverage you want for your policy will affect your premiums. The greater your coverage, the more you will pay.
Claims History – Business owners who have not had to file claims in the past are more likely to receive lower quotes for insurance premiums than those who have filed more claims.
What small commercial enterprise coverage rules does State Farm offer?
State Farm offers many common small business insurance policies, such as business owners' policies (BOP), workers' compensation, and professional liability.
Business Owner Policy (BOP)
State Farm Business Owners Policies (BOPs) typically combine the following coverages into a single contract:
General liability insurance
Commercial property insurance
Business interruption insurance
Equipment breakdown insurance
Other coverages, such as professional liability, may also be included or added depending on your specific industry.
Workers' Compensation
If an employee suffers a work-related illness or injury, this type of policy will provide coverage for things like medical expenses and loss of income. The exact coverage you will need depends on the state your business is in and your requirements.
This policy covers vehicles your company owns, rents, or leases. You may also cover employee vehicles used for business purposes, depending on your needs and policy. State Farm will pay for items like repairs, medical bills, and legal fees when a covered accident involving you or your employees occurs. Coverage can be provided for different vehicles, such as cars, vans, trucks, and agricultural vehicles.
commercial umbrella
Sometimes called CLUP insurance, commercial general liability insurance provides additional coverage for risks that exceed the limits of your underlying liability policies. This type of coverage may be a good option for businesses that are susceptible to more risks, such as businesses that work on other properties, frequently interact with customers, and use vehicles.
The builder's risk
Builder's risk policies offer property and liability coverage for structures under construction. More specifically, they may provide coverage for equipment breakdown, damaged or stolen materials and supplies, general liability, and buildings or physical structures damaged by covered perils such as fire, vandalism, or windstorms.
Artisans and service contractors.
Service contractors, such as carpenters, electricians, and lawn care professionals who work on-site, may be protected by this type of insurance. Provides coverage against equipment theft, on-premises injuries, and on-site property damage. It can also protect against lawsuits, your business building, and damage after a project is completed.
Farm and ranch
Whether they rent or own the property, policyholders can customize their crop and livestock insurance policy to protect their farm buildings simultaneously, personal farm assets (such as livestock, tools, grain, and equipment), home, and personal belongings. It can also provide coverage for bodily injury, property damage, and medical expenses when a third party suffers a loss in a covered claim.
Inland Marina
This insurance policy provides property coverage that may be transported, is in transit, or requires broader protection than that offered by a standard business owner policy (BOP). This may include equipment and tools used to perform installations or other services on a client's property, high-value property such as artwork or camera equipment, property that is shipped or transported by land, and property that is in the care, custody, and control of a business.
Disability insurance
State Farm offers short- and long-term disability insurance options, which can help replace a portion of your income if you are unable to work due to illness or injury. They can be customized based on how much you receive each month, how long you will receive income payments, and how long you will have to wait until you start receiving your benefits. The options and features available depend on the type of policy you choose. Benefit quantities are primarily based totally on your career and income.
Professional Responsibility
Professional liability insurance, or errors and omissions (E&O), protects you if you are sued for negligence, errors, or incorrect advice in the services you provide to your clients. State Farm will pay the cost of legal services for covered claims, up to your coverage limit.
Liability for labor practices
Generally known as EPLI, this type of liability insurance offers coverage if you are sued for employment-related complaints, such as discrimination, wrongful termination, and sexual harassment. State Farm will pay legal defense costs and compensatory damages in the event of a covered claim.
Liability of Directors and Officers (D&O) of Nonprofit Organizations
Nonprofit Directors and Officers (D&O) Liability Insurance is specifically for nonprofit organizations and protects them from any judgments, legal defense costs, and settlements due to the actions of board members, officials, or other members of the leadership team. It can help protect the assets of the nonprofit organization and its members in the event of a covered claim, such as negligence, misstatements, errors or omissions, or other breaches of duty.
Condo and Homeowner Associations
For condominiums or homeowners associations, this insurance provides coverage in case of damage to common areas, such as the pool, rental office, fences, or shared gym; to the personal assets of the association; or to structures that are the association's responsibility to insure, such as the exteriors of all condominium units. It can also provide liability protection to those who manage or own the association. You can customize your State Farm policy to protect against other needs, such as drain and sewer blockages, losses caused by a dishonest employee, and claims settlements based on replacement cost instead of market value.
Key employee
Key employee insurance is a type of life insurance for your company's critical employees, such as those who have specialized roles or generate large amounts of income. The policy would provide a death benefit to your company so that you can hire a new employee and continue any programs that have stalled due to the death of the key employee.
How do I purchase small enterprise coverage from State Farm?
This is the process you can generally expect when purchasing a policy:
Find an Agent: Find a State Farm agent by entering your zip code. You can also have an agent contact you by completing an online form providing your contact details and the type of insurance you are interested in.
Discuss insurance needs: The agent will explain your options, including the appropriate policies for your industry, income, company size, and the nature of your business.
Receive a quote: After you provide more details, such as your business name and address, the agent will contact you to offer you a quote.
Review the quote and apply: If the quote meets your budget and coverage needs, you can continue with the rest of the application process and provide any additional documentation your agent requests. Once you receive your policy documents, review them and be sure to address any questions or concerns you may have.
Provide payment: Pay for your policy and it should be in force on the agreed start date.
How do I document a declaration with State Farm?
Generally, you can only file a claim by calling State Farm. You will need to look at the following steps:
Gather documentation: Before contacting State Farm, try to gather as much information as possible, including the insured's contact information, business name, policy number, date and location of loss, and any other details about the incident and damage that occurred.
Contact State Farm: Call the State Farm claims department and provide the information you collected. After you submit the necessary information, a representative will provide you with a claim number and confirmation that you filed a claim.
Work with claims representative: Depending on the nature of your claim, you may need to coordinate with adjusters, contractors, and legal professionals to further investigate your claim.
Wait for the decision: You can contact State Farm for updates, but the insurer will notify you when it has made a decision. If your claim is approved, you will also receive information about how you will be compensated, such as how much you can expect to be reimbursed or how to arrange any necessary repairs.
Best for worker’s compensation coverage
Travelers Business Insurance
Cost
The high-quality manner to estimate your expenses is to request a quote
Policy Highlights
Travelers rank highly in financial strength and have a below-average complaint rate to the NAIC. It offers unique features like TravPay, which links payroll to your workers' compensation policy, and TravComp, which can help manage workers' compensation claims.
Application available
Yeah
Advantages
A++ Financial Strength Rating by AM Best and Below Average NAIC Complaint Index Score
Unique Features Can Help Manage Workers' Compensation
Disadvantages
Online quotes are not available for commercial policies
Travelers offer small business insurance that includes property and liability coverage in many industries. Earns an A++ (Superior) economic balance score from AM Best.
To get a small business insurance quote or make changes to existing coverage, Travelers requires that you work with an independent insurance agent. However, you may manipulate your account and record claims online. You can also apply for an insurance certificate online.
Policies and Coverages: Travelers offers common types of small business insurance, including workers' compensation, professional liability, cybersecurity, business owners policies (BOPs), and independent business property. However, it does not offer medical malpractice coverage. Additionally, companies can choose from a variety of coverages such as inland marine, ocean marine, boiler and machinery, and environmental liability.
Travelers provide worldwide insurance in more than a hundred and fifty international locations for U.S.-primarily based totally corporations working internationally, with alternatives for property, liability, auto, overseas workers' repayment, and more.
The insurer offers coverage for a wide range of industries. This includes the most common ones like services, retail, real estate, and construction, and more specialized ones like agriculture, energy, healthcare, and nonprofit organizations.
Multiple reductions are to be had for travelers' BOPs, even though they'll range with the aid of using state. It advertises savings of up to 35% for qualified policies, with specific discounts for paying in full, having more than one policy, and maintaining a good insurance score.
Availability: Traveler's small enterprise rules are to be had in all 50 states and the District of Columbia.
How much does travel insurance for small businesses cost?
The cost of commercial traveler insurance will depend on a few key factors, such as the type of insurance you want and the amount of coverage you need. For example, selecting an excessive deductible should assist decrease your premium. However, it's important to make sure you can pay the deductible if something goes wrong. You'll also want to make sure your coverage limits comply with applicable state laws.
Another key factor when calculating premiums is the risk associated with your company's insurance. Your company's industry, physical location, staff size, and other considerations can affect how much you pay for coverage.
For example, if you do business in an industry associated with more complex risks, such as construction, you will likely pay more for coverage. It is important to consider all of these aspects to determine what your premium would be like.
Because there are such a lot of elements to consider, getting a quote is the fine manner to recognize how much a whole lot of industrial Travelers coverage might cost.
What small business insurance policies do Travelers offer?
Travelers offer many types of commercial insurance policies. For example, there are several liability options, including workers' compensation, cybersecurity, and business umbrella. They also offer inland marine and oceanic marine coverage.
Business Owner Policy (BOP)
A Travelers Business Owners Policy (BOP) covers business general liability, business property, and business income with additional expense insurance in a single policy. The insurer also has add-ons for cyber liability, contractor equipment, rented and non-owned cars, and crimes.
Boiler and machinery
This policy is designed to cover you in the event of equipment breakdown. That can consist of such things as refrigeration gadgets, telecommunications gadgets, and laptop gadgets, in addition to manufacturing equipment and boilers. Travelers' EnergyMax 21 package provides comprehensive coverage against equipment breakdowns, including coverage extensions for errors and omissions, multimedia and electronic data, sump overflow, and perishable goods.
commercial car
If your business uses cars or trucks to operate, this policy can provide protection. It includes liability coverage (if you are at fault for an accident or someone sues for damages, for example) and physical damage (if your vehicles are damaged by covered causes, such as an accident or theft). There are also options available for uninsured drivers and underinsured drivers.
Cyber security
This policy, also called cyber liability insurance, is designed to help cover the costs associated with data breaches and cyber-attacks. That can consist of such things as forensic investigations, fines, commercial enterprise interruption, and cyber extortion.
Environmental responsibility
Travelers' ECP Customized Contractors Environmental and Professional Liability coverage, offered as a surplus lines policy, is intended for businesses that may have environmental exposures, such as construction companies or manufacturers. This policy is designed to be implemented in conjunction with your general liability policy as a way to fill those specific coverage gaps. Coverages can include things like contractor pollution liability, contractor professional liability, and site pollution liability.
Excess liability and commercial umbrella
Travelers offer general and commercial excess liability options to cover damages that exceed the limits of a company's underlying liability policies. The main difference between the two types of insurance is that umbrella policies can protect against coverage gaps in primary policies, while excess liability policies do not. Travelers may also provide these coverages through its excess and surplus (E&S) lines companies, Northfield and Travelers Excess and Surplus Lines Company.
Overall responsibility
General liability is meant to cover you if your company is sued for damages. Your traveler's policy may include coverage for things like injuries (such as slips or falls) that occur on your property; property damage caused by your work, employees, or products to a third party; and slander and slander.
Global
A Travelers global trade policy protects companies that do business internationally. That includes having employees who have to travel out of the country for their jobs, exporting goods or services, and subcontracting work to contractors located outside the U.S. It can include liability, property, auto, and kidnapping coverages, among others.
Inland Marina
While its name may sound aquatic, inland marine insurance is designed for companies that have goods that are transported by land or that are essential for communication or transportation, higher value goods, or goods that are stored on the premises but are owned by a third party. This policy can cover things like equipment, electronics, trade show displays, and artwork or collectibles. It is activated when there is damage or loss to covered items.
Errors and omissions (E&O)
Also known as professional liability insurance, this policy provides coverage to companies that provide professional services if they are sued for work or advice that is considered negligent or inadequate. For example, if you are an accountant and you are sued for an error in your work that costs your client money, this policy could provide coverage for the damages. Travelers have numerous versions of this coverage designed in particular for accountants, lawyers, actual property professionals, and more.
marine ocean
Ocean Marine is a group of policies that can cover both products shipped by water and ocean vessels to protect against liability and hull damage. A marine cargo policy would cover both importers and exporters, while a marine transport providers policy provides coverage for vessels such as ferries, tugs and barges, supply ships, and research vessels. Travelers offer several types of marine policies, so it's best to talk to an agent to see if you have a policy that meets your needs.
Commercial property
If your business has a rented or owned physical location or the equipment necessary to keep it running, a commercial property policy can protect it against unexpected damage or loss. That includes incidents such as fires, theft, and vandalism. However, you may need to purchase additional coverage for events such as floods, earthquakes, and equipment breakdowns.
Workers' Compensation
These policies come into effect following an employee's illness, injury, or death that occurs while on the job. It can provide a source of income while they are unable to work and pay for medical and recovery costs.
How do I purchase small business insurance from Travelers?
Once you contact an independent agent who sells Travelers business insurance for a quote, you can see what your options are and decide whether or not you want to get Travelers coverage.
During that process, you will need to provide pertinent information about your business, such as your industry, address, estimated annual revenue, and number of employees. Based on that information, the agent will guide you through the process, offering solutions to fill coverage gaps and make any other necessary policy changes to meet your needs.
Once you sign up for coverage with Travelers, you'll need to provide a form of payment. The company allows recurring payments online and offers options to pay by mail or by phone.
How do I file a complaint with travelers?
It relies upon the kind of declaration you're filing. For example, you may report claims online for business auto, trendy liability, and belongings policies. Other policies such as cyber, identity fraud, and professional liability may require you to email, contact your agent, or call the company directly to file your claim.
Once you have provided the necessary details about your claim, you can check the status of your claim online. Travelers also provide resources for finding service providers if you need to find a local contractor to repair your office, for example. You should also receive notice that your claim is being processed, including a claim number for reference. They will also contact you to let you know what to expect from the claims process.
Once they have approved your claim, they will send you the necessary payments via check in the mail or electronically. If the damage or loss was caused by a third party, Travelers may attempt to recover its deductible from them. In that case, you may have to work with Travelers to achieve this. Depending on the type of claim, there may be additional steps in the process.
Best for commercial auto coverage
Progressive Commercial Insurance
Cost
The satisfactory manner to estimate your prices is to request a quote
Policy Highlights
With commercial insurance available in 49 states, Progressive offers coverage throughout the United States. And, with other commercial policies available, it's possible to bundle all the coverage you need with one insurance company.
Application available
Yeah
Pros
Offers enterprise coverage in forty-nine states and a whole lot of kinds of coverage in dozens of industries
Below average complaint index by the NAIC
Cons
Not a pinnacle 10 choice for client delight consistently with JD Power industrial coverage study
Progressive offers a wide range of business coverage in 49 states. The company has an A+ rating from AM Best, signifying superior financial strength.
Generally, you cannot begin the claim filing process online with Progressive. This is due to the fact Progressive works with affiliated and non-affiliated insurers to underwrite the economic coverage regulations it offers. Therefore, the process of reporting a claim will depend on which insurer underwrites your policy and its specific filing options.
To get a quote, enterprise proprietors can contact the insurer by phone, paint with an impartial agent, or follow online. Progressive says your purchasing method will affect how much you pay for coverage.
Policies and Coverages: Progressive has several policies that could adapt to the needs of your business. Options include business owners policies (BOP), general liability, professional liability, workers' compensation, cybersecurity, employer practices liability, and directors and officers (D&O) liability.
However, clinical malpractice and farm and ranch coverage aren't available. Additionally, businesses seeking commercial property coverage can only obtain it under a BOP.
Progressive gives industrial car insurance for trucks, vans, unload trucks, meals trucks, and tow trucks. It additionally gives unique insurance for storage liability, rideshare drivers, home-primarily based total businesses, industrial health, and liquor liability.
Availability: Progressive offers commercial insurance coverage in 49 states. Small businesses in Hawaii and Washington, D.C. They will have to look for coverage elsewhere.
How much does Progressive small business insurance cost?
According to Progressive's website, the average cost of insurance policies for new businesses in 2022 was $57 per month for professional liability, $72 per month for general liability, $113 per month for business owners' policies, and $117 per month for workers compensation. However, your premiums will vary.
The amount you can pay for business insurance depends on several factors, including the type of policies you need, the industry you operate in, how many employees you have, and where you are located. For example, if your industry involves higher risks, such as construction, you will likely pay more for coverage.
The coverage limits and deductibles you choose can also affect how much you pay. In general, higher limits result in higher premiums. However, selecting a higher deductible can help keep your premium lower.
What small business insurance policies does Progressive offer?
Progressive offers several business insurance policies, from workers' compensation to rideshare insurance.
Business Owner Policy (BOP)
Progressive's Business Owners Policy (BOP) combines general liability coverage and commercial property coverage into one policy. This means that the policy provides coverage against legal or medical fees if a third party suffers bodily injury or property damage and if the business's physical building, equipment, or inventory is damaged by a covered peril, such as a wind storm, vandalism, theft, or fire. The liability portion of the policy can also cover issues such as advertising injuries and product liability claims, and Progressive can provide business interruption coverage after a covered property loss.
According to the insurer, this is a good option for small or medium-sized businesses such as restaurants, retail stores, and contractors.
Workers' Compensation
If an employee is injured, ill, or dies as part of the job they perform, workers' compensation insurance can pay for medical and rehabilitation costs, some lost wages, and death benefits. According to Progressive, workers' compensation can pay for incidents involving heavy lifting, falling objects, slips and falls, or even fires and explosions. Your state's workers' compensation laws will dictate how much coverage you must have.
Overall responsibility
Sometimes called commercial liability insurance, this type of insurance protects against third-party claims arising from business or product operations. It can cover claims for bodily injury, property damage, or personal injury. General liability can cover medical costs, legal costs, and related damages. These types of claims can also arise from advertising damage or damage to rented premises.
Professional Responsibility
Professional liability differs from general liability in that it specifically insures against claims of negligence or misconduct, such as failing to disclose important details, making a mistake, or giving inaccurate advice, related to the services provided. For example, if an accountant gives bad advice and loses a client's money, that could turn into a lawsuit. Professional legal responsibility may want to assist with felony costs and damages.
Liability for labor practices
Employment practices legal responsibility handles claims associated with employment issues, including discrimination, harassment, and wrongful termination. It differs from general or professional liability in that it only addresses issues related to the hiring, management, and firing of employees. It could also cover claims related to sexual harassment, invasion of privacy, defamation, or lack of employment or promotion, for example.
commercial car
Commercial auto insurance is auto coverage for vehicles such as trucks, vans, or cars used for business purposes. Progressive's commercial auto insurance policy covers commercial vehicles for business and personal use and may cover rented cars, non-owned cars, or all cars, depending on the coverage selected. A commercial auto policy from Progressive may also provide coverage if you use your car for business purposes, such as delivering pizza for a fee.
Cyber security
If a company suffers a data breach, it can lead to claims for damages for stolen personal information. Progressive cyber coverage can assist with criminal costs. Progressive covers both its own (damages to the company itself) and third parties (damages to customers or partners) in the event of a data breach or other covered cyberattack.
Inland Marina
Inland marine insurance covers personal property or property that does not obtain sufficient coverage under other policies. Progressive gives examples inclusive of gardening tools, gadgets saved off-belongings inclusive of constructing materials, or home equipment on a meals truck. It tends to protect against losses such as theft, weather damage, or vandalism.
Liability for alcoholic beverages
As the call suggests, this kind of coverage is for all of us who serve, sell, distribute, resource, or manufacture alcoholic beverages. General legal responsibility has a tendency now no longer to cover something associated with liquor legal responsibility. Liquor liability insurance is often added as an endorsement to a general liability policy, or may be purchased separately by a business owner. Liquor liability coverage is sometimes called liquor store insurance.
Shared ride
Rideshare insurance exists halfway between a personal auto policy and a commercial auto policy. It's a specialized product that helps cover people who use their vehicles to participate with ride-sharing companies like Uber or Lyft. It can be purchased as a personal auto policy endorsement in certain states or as a commercial rental livery policy.
Excess and Surplus Lines (E&S)
Progressive can help high-risk businesses, such as general contractors, arborists, and roofers, find general liability insurance through the surplus and surplus (E&S) lines market when they cannot find a policy with a standard insurer. Work with Evanston Insurance Company, a subsidiary of Markel Corporation, for these policies.
How do I purchase small business insurance from Progressive?
1. Begin the optional online quoting process. If you understand what sort of commercial enterprise coverage you are inside the marketplace, you may begin the web quoting procedure at the Progressive website. This option is available for general liability, professional liability, workers' compensation, business owners policies (BOP), cyber, and commercial auto.
However, if you don't know what coverages you may need, or need more specialized products, you may want to speak with an agent who can guide you through the different options available. You can also call Progressive directly to start the process.
2. Make sure you have all relevant business information to complete the online quote form. This may include your physical address, the number of employees you have, your estimated annual gross income, the type of industry you operate in, DBA (the names your business operates under), and vehicle information for commercial automobiles.
3. Call the variety supplied when you have questions. The quote form has a phone number listed at the bottom in case you run into problems or have questions.
How do I file a claim with Progressive?
1. Check your policy. Because Progressive works with affiliated and unaffiliated insurers for commercial policies, your instructions for filing a claim will vary depending on the company that underwrote your policy. Your coverage files will imply the issuing agency and any applicable touch information.
If you work with an agent, you can contact them directly to start the process. If your commercial auto policy is from Progressive, you can file a claim online. Business Owners Policies (BOPs) issued with the aid of using Progressive require claims to be stated with the aid of using the telephone.
2. Work with the claims adjuster. For certain insurance products, you can work with a claims adjuster. For example, Progressive says it has in-house trucking specialists to handle commercial truck claims. They can help schedule vehicle inspections, arrange a tow, or perform repairs.
3. Stay up to date on your claim. You can communicate with your agent or claims adjuster to peer how the declaration is progressing.
Comments