Business Insurance Progressive Ratings
Progressive Small Business Insurance Reviews 2020 (Ratings, Complaints & Coverage). 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 business insurance Progressive reviews, ratings, complaints & coverage for Progressive business insurance commercial auto, general liability, workers compensation and other small business insurance commercial policies.
Following are some of the answers to commonly asked Progressive small business insurance questions:
- Does Progressive Offer Business Insurance?
- What Types Of Commercial Insurance Does Progressive Offer?
- How Much Does Progressive's Small Business Insurance Cost?
- Are Progressive's Commercial Insurance Reviews & Ratings Good?
Does Progressive Offer Business Insurance?
Yes, Progressive offers business insurance with a focus on small business commercial policies.
What Types Of Commercial Insurance Does Progressive Offer?
Progressive offers small business insurance policies including: General Liability, Commercial Property, Workers Compensation, Commercial Auto and others.
How Much Does Progressive's Small Business Insurance Cost?
The average cost of Progressive's commercial insurance policies ranges from $22 to over $179 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 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.
They have 5 core values including Integrity, The Golden Rule, Objectives Excellence and Profit relating to their Progressive business insurance and personal lines product offerings.
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 Progressive business insurance 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.
They offer the following Progressive 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 Progressive business 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.
Are Progressive's Commercial Insurance Reviews & Ratings Good?
Progressive Insurance Contact Information
Address: 6300 Wilson Mills Rd., Mayfield Village, Ohio 44143
Other companies owned: Mountain Laurel Assurance, Progressive American Insurance, Progressive Autopro, Progressive Bayside Insurance, Progressive Casualty Insurance, Progressive Choice Insurance, Progressive Classic Insurance, Progressive County Mutual Insurance, Progressive Gulf Insurance, Progressive Halcyon Insurance, Progressive Hawaii Insurance, Progressive Home Insurance, Progressive Insurance, Progressive Insurance Corporation, Progressive Marathon Insurance, Progressive Max Insurance, Progressive Michigan Insurance, Progressive Mountain Insurance, Progressive Northeastern Insurance, Progressive Northern Insurance, Progressive Northwestern Insurance, Progressive Paloverde Insurance, Progressive Preferred Insurance, Progressive Premier Insurance Company of Illinois, Progressive Security Insurance, Progressive Southeastern Insurance, Progressive Specialty Insurance, Progressive Universal Insurance and Progressive West Insurance.
The Bottom Line On Progressive Business 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.
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