Progressive Small Business Insurance Reviews 2018 (Ratings, Coverage & Complaints)
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Frequently Asked Questions About
Commercial General Liability Insurance
How much does commercial insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number.
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it.
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Progressive Small Business Insurance Reviews
Progressive Small Business Insurance Reviews. Progressive began in 1937 when Joseph Lewis and Jack Green launched Progressive Mutual Insurance Company to provide affordable auto insurance to all vehicle owners. After 70 years in business, Progressive has evolved and grown to one of the largest insurance providers in the US. The company operates as a subsidiary of Drive Insurance Holdings, Inc.
Since its founding, Progressive insurance has since grown from 100 initial employees to more than 27,000 representatives, plus an estimated 30,000 independent agents. Progressive is known as one of the more innovative insurance companies, and has the distinction of being the first to introduce monthly premiums to policy holders.
If you are a small business owner looking to buy liability insurance, read Progressive small business insurance reviews to learn about Progressive's products.
Check out Progressive small business insurance reviews & ratings for general liability, workers comp and other commercial policies.
About Progressive Insurance
Progressive Casualty Insurance Company, Inc. provides insurance products in the U. S. The company is based in Mayfield Village, Ohio with a network of more than 450 offices throughout the US. In addition to its headquarters, additional offices, and call center operations in Mayfield Village, Ohio, the company owns locations in Colorado Springs, Colorado; Tampa and St. Petersburg, Florida; and Tempe, Arizona. The Progressive small business insurance reviews on the Internet are generally good.
Progressive Small Business Coverages Offered
It should be noted that commercial auto insurance is the only business product Progressive handles in-house. All other business policies, such as general liability, property, or workers compensation policies, are sold under the Progressive Commercial Advantage program written by third-party insurers. If you purchase a small business insurance policy through the program, all associated services - including billing, claims, and customer service - are handled by the third-party insurer, not Progressive - so Progressive small business insurance reviews for all not commercial auto products are for partner companies.
Progressive offers the following business insurance coverages:
General liability - Every small business including home-based business should have liability Insurance. This covers you if someone files a claim that your products, services or employees caused third party injuries. In this case, general liability insurance coverage will cover the attorney and investigative fees, judgment and settlement. It also covers the medical expenses of the injured parties, too. It also covers your advertising cases if, for instance, your marketing team violated another party's copyright. Progressive business insurance ratings are good here.
Commercial Property - If you have business property such as stock-in-trade, office equipment, computers, inventory or tools, or own your business property, property insurance will cover you in the event that there's a fire, flood, break in, theft, or vandalism etc. Property insurance coverage is a basic protection for all tangible business assets.
There are 3 types of property insurance: basic, broad, and special. Basic policies cover ordinary damages from wind or fire. Broad policies cover everything under basic policies, plus expanded coverage like water damage from mechanical or sources. Special policies cover everything other than specific events specified within the policy.
Business Income Interruption - Business income interruption insurance will cover your net profit or the "Actual Loss Sustained" if you go out of business for a period of time. For example, if your small business runs from a brick and mortar location and a fire puts you out of commission for three months, this policy will cover your net profit you would have made in those three months. Progressive commercial insurance reviews are favorable for this type of coverage.
Professional Liability - Also know as errors and omissions insurance, E&O is a vital consideration for all small businesses that give advice or offer professional services to other businesses. It covers you for anything that falls under the categories of error, negligence or malpractice as defined by your industry standards. Professionals in the fields of law and medicine are required to carry professional liability insurance. If your company does not fall into a regulated category, you may still want the protection of E and O insurance. Progressive small business insurance reviews are fair.
Workers' Compensation - As an employer, you are legally required to buy workers comp if you have any non owner employees. Nevertheless, when accidents happen workers' compensation insurance from Progressive can provide coverage. Workers' comp insurance ensures that the injured workers will get medical care and compensation for the income lost while they're unable to go back to work.
This coverage also protects the employer from law suits by workers injured while working. In addition to workers' compensation insurance, Progressive provides additional services such as risk management and loss control services that could be beneficial to your business operation. These services are typically helpful in holding down claim costs over the long term. Progressive ratings are ok for worker comp.
Progressive Small Business Insurance Reviews and Ratings
Based on the Progressive small business insurance reviews & ratings below, it isn't difficult to see why Progressive has grown to be the large, well-established company that they are today.
- JD Power customer service ratings: 3 out of 5 (About Average)
- NAIC: 0.89 (Better than Average)
- AMBest: Progressive has a financial strength rating of A+ (Superior)
- S&P Rating: AA
- Fitch Rating: AA
Progressive's Simple Quote Process
You can get a small business Progressive insurance quote and purchase your policy online in minutes. Just answer a few basic questions about yourself, and you'll be presented with a quote to customize. If you change your coverage limits, it'll tell you exactly how much that will raise or lower your premium cost, which is great if you're on a budget. Progressive small business insurance reviews are very positive about the quoting process.
Progressive's Claims Management
Progressive offers several ways to report a claim:
- By phone at 1-800-274-4499.
- Online through their website, where you will require registering.
- Through the Progressive App for mobile devices.
Progressive Ratings Online
Following are some ratings found online which appear mixed:
- BBB.org - The Better Business Bureau rates them 3.29 out of 5 stars.
- ConsumerAffairs.com - Consumer Affairs rates them 2.4 out of 5 stars.
- Yelp.com - Yelp rates them 1.5 out of 5 stars.
Progressive Insurance Contact Information
Address: 6300 Wilson Mills Rd., Mayfield Village, Ohio 44143
The Bottom Line On Progressive Commercial Insurance
Progressive is a good company to look at for a balance of affordability and good customer service. The company offers all the standard protection that a small business needs and as a Fortune 200 company, you can trust that they have the financial stability to back you. However, where the company really shines is in the willingness to try new technology and continually look to the future, offering some of the best online services around.
Request a free Progressive Business Insurance quote in California, Delaware, Kentucky, New Jersey, New York, Pennsylvania and Texas. Also see Small Business Insurer Ratings: Acuity, AIG, Allstate, Amica, AmTrust, Chubb, Cincinnati, CNA, Dongeal, Erie, Esurance, Farmers, Foremost, GEICO, Guard, Hanover, Hiscox, Liberty Mutual, Merchants Insurance Group, Nationwide, Philadelphia Insurance Companies, Progressive, Selective, State Farm, The Hartford, Travelers, USAA, USLI, Westfield, Zurich
Commercial Insurance Broker ratings: BB&T Insurance Services, Bolt, Brown & Brown, Burns & Wilcox, Contractors Edge, CoverWallet, Day Care Insurance Services, Inc., Insureon, TechInsurance, USG Insurance Services
Small Business Independent Insurance Association Ratings: Trusted Choice
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