Applied Underwriters Ratings
Applied Underwriters Reviews 2021 (Ratings, Complaints & Coverage). Applied Underwriters is an insurance company that provides almost exclusively workers compensation insurance that is geared towards businesses that are small and medium-sized. The company has earned a reputation for being one of the most progressive insurance companies on the market, keeping up with trends and technology, so that they can serve business customers better.
They also have a unique business model that is quite different than what most of the other companies out there doing. They have combined financial and business services with their workers compensation insurance coverage. That makes them a full service stop for small or middle market sized businesses.
Let's take a closer look at Applied Underwriters reviews and find out whether they are the right company for you to choose for your workers compensation insurance.
Check out Applied Underwriters reviews, ratings, complaints & coverage for workers compensation insurance policies for small business and mid-sized businesses.
Following are some of the answers to commonly asked Applied Underwriters small business insurance questions:
- Does Applied Underwriters Offer Business Insurance?
- What Types Of Commercial Insurance Does Applied Underwriters Offer?
- How Much Does Applied Underwriters's Small Business Insurance Cost?
- Are Applied Underwriters's Commercial Insurance Reviews & Ratings Good?
Does Applied Underwriters Offer Business Insurance?
Yes, Applied Underwriters offers business insurance with a focus on small business commercial policies.
What Types Of Commercial Insurance Does Applied Underwriters Offer?
Applied Underwriters offers small business insurance policies including: Workers Compensation and other risk management services.
How Much Does Applied Underwriters's Small Business Insurance Cost?
The average cost of Applied Underwriters's commercial insurance policies ranges from $78 to over $199 per month, and is mainly based on your business's: Industry, Location, Gross Sales, Employees and/or Payroll, Policy Limits, Endorsements, Deductibles, Experience & Claims History.
About Applied Underwriters
Applied Underwriters is different than other insurance companies on the market. Although they have not been around nearly as long as some of the other commercial insurance companies, they have been able to grow at very high rates which was unexpected to many of their competitors.
In addition, because of their policies and the business model that they have set up for commercial insurance and workers compensation, they'll also been able to retain 90% of the customers that they get. That means that if a company decides to go with Applied Underwriters, that they stick around.
They must be doing something right if so many companies want to continue using them for their insurance needs. A 90% retention rate is almost unheard of in the world of commercial insurance. They had been rated "A+" which translates to "Superior" by A.M. Best. They are also part of the well-known and well-respected Berkshire Hathaway family of companies.
The Applied Underwriters reviews for worker's compensation are just about average - but hard to find online.
Applied Underwriters Products And Services
There are various products and services that are offered by Applied Underwriters:
Their flagship product is called SolutionOne. SolutionOne is an all-in-one solution for businesses that delivers workers compensation insurance as well as payroll processing and risk reduction to companies. They offer employers everything that they need under one umbrella in order to provide their workers with the compensation guaranteed by law and still save as much money as possible.
Another product that they provide is called EquityComp. EquityComp is a solution that is perfect for companies that premiums that are more than $250,000 and need flexible risk financing. This is a solution that is not perfect for every company out there, but for companies that have these premiums, the flexibility that this program offers is like nothing else.
They also offer Promesa Health, which has a lot of benefits that worker's don't usually get with worker's compensation insurance. This includes pharmacy services, return-to-work programs and more. Applied also has a large Loss Control department which helps businesses eliminate conditions that could result in loss and saves them even more money.
Finally, JumboGC is specifically designed for companies that have payroll numbers in excess of $2 million a year. This is an extremely convenient type of workers comp insurance and business solutions package that is competitively priced and fixes insurance costs over a 12 month period so that companies are able to do projections with a high level of accuracy.
In addition, Applied Underwriters provides some of the best claims management in the business. Since they began in the 1990s, they have been providing better claims management than almost any other company out there. That is part of the reason that their retention rate is so high. The way that they do this is by assigning adjusters extremely low caseloads so they can concentrate on the cases that they have.
The also offer loss control advice which helps businesses identify and reduce or eliminate potentially harmful conditions that could otherwise result in significant workers comp losses.
Applied Underwriters target classes for workers compensation are:
- Assisted Living
- Auto Dealers
- Automotive Service
- Crane Operations
- Dump Truck Operations
- Environmental Services
- Franchise Organizations
- Furniture Movers
- Government Sub-Contractors
- Home Health Care
- LTL Trucking
- Large Corporations
- Long Hauling
- Package Delivery
- Restaurant Chains
- Retail Chains
- Sand and Gravel Hauling
- Saw Mills
- Short-Haul Trucking
- Trash Hauling
- Tree Trimming
Applied Underwriters reviews are ok for it's target classes. Keep in mind it's a Berkshire Hathaway Company too.
Applied Underwriters Network
You can get Applied Underwriter's workers comp insurance through commercial insurance brokers which are located throughout the United States. The way that this works is by contacting the company and allowing them to find out what your needs are which then allows them to match you up with the perfect broker that is able to explain the solutions that will best fit your needs.
Are Applied Underwriters's Commercial Insurance Reviews & Ratings Good?
Applied Underwriters business insurance reviews are so-so. They have a Financial Strength Rating of rated 'A+' (Superior) by A.M. Best Company and the Better Business Bureau gives them an A+.
Applied Underwriters Contact Information
Address: P.O. Box 3646, Omaha, NE 68103
Other related companies: California Insurance Insurance Company, Continental Indemnity Company, Illinois Insurance Insurance Company, North American Casualty Company, Pennsylvania Insurance Company and Texas Insurance Company.
The Bottom Line On Applied Underwriters
The bottom line is that the company is committed to providing you with the best workers comp solution for your particular needs, which is something that companies appreciate and one of the reasons why the retention rate is so high. Besides having access to a broker or sales agent that can explain all of your options, you also get a claims adjuster that is able to concentrate on you specifically when you need something and a full sales and support team as well. Applied Underwriters reviews are generally hard to find.
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