Frequently Asked Questions About
Commercial General Liability Insurance
How much does small business 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. (read more)
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. (read more)
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.
MetLife Small Business Insurance Reviews
MetLife Small Business Insurance Reviews 2019 (Ratings, Complaints & Coverage). MetLife is of the world's biggest insurance companies. They are the biggest publicly held casualty and property insurer in the USA.
MetLife typically sells their insurance products through a huge network of more than 14,000 agencies, financial specialists, brokers, bank representatives, insurance agents, and financial advisors in the US and Canada.
The company operates as a subsidiary of MetLife Insurance Holdings, LLC. It is headquartered in Northbrook, Illinois. It is known for its personal insurance as well as its relationships with financial lenders, legal partners, office suppliers and marketing partners.
If you are a small business owner looking to buy liability insurance, read MetLife small business insurance reviews to learn about MetLife Insurance's products.
Check out MetLife small business insurance reviews, ratings, complaints & coverage for general liability, workers compensation and other small business insurance commercial policies.
About MetLife Business Insurance
MetLife can be traced all the way back to the Civil War. In 1863, the National Union Life and Limb Insurance Company was founded in New York and offered liability and disability insurance coverage for soldiers that fought in the Union Army. In 1968 - more than 100 years later - they changed their name to Metropolitan Life Insurance Company (Met Life) and started to focus their products on life insurance.
Due to the changing financial climate, MetLife offered less expensive policies, which they referred to as "workingman's policies". With these policies, they charges minimum premiums, which could be paid weekly, and their clients received small amounts of benefits. It was this approach that earned MetLife the title of the largest insurance provider in the United States. Eventually, they started offering other products, including small business insurance.
The MetLife small business insurance reviews are hard to find online - but there are many for their personal lines products.
MetLife Small Business Insurance Policies
Through their small business insurance sector, MetLife offers all of the coverage options that small business owners need. Their coverage options include:
Commercial General Liability Insurance: Businesses of all sizes must carry commercial general liability insurance, including small organizations. MetLife offers policies that provide all of liability protection that small business owners need against third party property damage and personal injury claims. These policies can assist with the cost of any legal claims that may be made against a business owner by third parties; for example, if a customer slips and falls on the site of a business owner's property, they customer might file a claim for any injuries and other personal damages that he or she may have suffered. MetLife can help to pay for these expenses with their small business coverage.
Commercial Property Insurance: MetLife also protects the commercial property of small business owners. This coverage includes the physical structure of the property, as well as the contents within it, from acts of vandalism, fire, theft, storm damage, and so on. It can help to cover the cost of any necessary repairs or replacements in these situations.
Umbrella Insurance: MetLife also offers umbrella insurance for small business owners. This policy extends the coverage of commercial property and commercial general liability insurance. For example, if it is determined that a business owner is responsible for covering the damages that a client filed a claim for, and those damages exceed the business owner's commercial general liability coverage, umbrella insurance will kick in and cover the additional costs. This type of coverage serves as an additional safeguard for the owners and operators of small organizations.
These are just some of the examples of the coverage options that MetLife offers for small business owners. Their products are available both online and through agents, so anyone who may be interested in purchasing coverage from this company can choose the best option for their needs. MetLife small business insurance reviews are few and far between on the Web.
MetLife says on their website: "MetLife offers coverage for your business itself, including business owner policies and commercial auto insurance. Count on our dedicated small business focus to get the protection you need."
- Coverage and pricing tailored to small business needs
- First-rate service and quick claim settlement
- Small business expertise, focusing on 75 or less employees
MetLife also offers:
Business Owners Policy - The Business Owner Policy or BOP, is a combination of both building and/or personal property insurance and liability insurance. A BOP can save money for you by combining most of your insurance needs in a single policy. Much like a homeowners policy, no business owner should be without this basic coverage.
Commercial Auto - Business auto policies are specifically designed to cover trucks, vans, and private passenger vehicles owned by and/or operated in business operations. A basic rule of thumb: if the vehicle is registered in the name of a business or corporation, commercial auto coverage is probably the right way to go.
For the following industries:
MetLife Small Business Insurance Rates
The rates for coverage vary, as there are a variety of factors that are taken into consideration when determining the cost of coverage. The size of the business, where the company is located, and the specific type of coverage that's needed are all factors that will affect the cost of small business insurance through MetLife. MetLife small business insurance reviews seem ok based on what is available.
MetLife Ratings Online
Following are some ratings found online which appear mixed:
- BBB.org - The Better Business Bureau rates them 1.41 out of 5 stars. MetLife is not BBB accredited and has a B- rating.
- NerdWallet.com - Nerd Wallet rates them 4 out of 5 stars.
- expertinsurancereviews.com - Expert Insurance Reviews rates them 4 out of 5 stars.
MetLife's Contact Information
Address: 200 Park Avenue, New York, NY 10166
Other companies owned: Delaware American Life Insurance Company, General American Life Insurance Company, MetLife Bank, MetLife Home Loans, MetLife Insurance Company USA, Metropolitan Life Insurance Company, Metropolitan Tower Life Insurance Company and New England Life Insurance Company.
The Bottom Line On MetLife Commercial
MetLife is among the largets insurance providers in the US and holds a superior grade in financial strength. They have a limited amount of commercial insurance policies available, but if you fit wtheir appetite, they seem to be competitive.
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