As a small business owner, you know your business is unique and needs special insurance coverage. But finding the right insurance can be a challenge. As you consider your options, one of the biggest names in the insurance industry Progressive offers comprehensive small-business insurance designed to fit the needs of businesses like yours.

In this review, we’ll take a look at what Progressive has to offer, including pricing and coverage options, so you can make an educated decision about how to protect your small business. We’ll also explain how Progressive stands out from other insurers and what you need to know before signing up for coverage. By the end of this review, you’ll have all the information you need to decide if Progressive is the right choice for your small business.

Progressive Insurance For Small Business Review

Progressive’s Small Business Insurance is designed to protect your business from financial losses related to property damage, liability claims, and more. It provides coverage for your buildings, contents, vehicle fleets, business income loss from disasters, and more. It also offers protection from employee-related practices like discrimination and wrongful termination.

In addition to protecting your property and finances from possible liabilities, Progressive’s Small Business Insurance also comes with additional benefits such as discounts on other insurance products, risk management resources, and 24/7 customer service support. All of these features make Progressive an attractive option for small business owners looking for comprehensive coverage at a competitive price point.

What Small Business Insurance Policies Does Progressive Offer?

As a business owner, you want to ensure that your business and employees are protected, and the best way to do that is with the right type of insurance policy. Progressive offers a variety of insurance policies for small businesses, such as:

Business Owners Policy (BOP) – The Business Owners Policy includes general liability, property, and vehicle coverage to protect your business if something goes wrong.

Employment Practices Liability (EPL) – If you’re sued by an employee or applicant for gender or racial discrimination, wrongful termination, or other terms of employment, EPL insurance can protect your business.

Workers’ Compensation Insurance – This type of insurance provides medical care and wage replacement benefits when an employee is injured on the job.

General Liability Insurance – General liability insurance helps if you’re sued by someone who was injured on your property or by one of your employees during their work duties.

Professional Liability Insurance – Also known as errors and omissions insurance, this type of policy protects businesses against financial loss that is caused by an act of negligence or failure to perform a duty. This type of coverage is typically required for professions like doctors and lawyers.

With all these different types of policies available through Progressive Insurance, it’s important to research which ones are right for your small business. Doing so will help ensure that you have the right coverage in place if something ever goes wrong.

Cost of Progressive Insurance for Small Business

If you’re looking for affordable coverage for your small business, Progressive Insurance might have what you need. With a range of customizable policy options and flexible payment plans, Progressive could be a good fit for your business’s needs.

When it comes to the cost of Progressive insurance for small businesses, it can vary depending on which policy option you choose. However, according to Progressive, the national median price for business insurance for new Progressive customers in 2021 was up to $68 per month for a business owner’s policy and $42 per month for professional liability coverage.

Having the flexibility to choose different levels of coverage gives you more control over how much you’ll end up paying for progressive insurance for your small business, so make sure to do some comparison shopping before making a decision.

Claims Process for Progressive Insurance for Small Business

Filing a claim with Progressive Insurance for Small Business is a straightforward process. Here’s a step-by-step walkthrough of the claims process so you can have an idea of what to expect:

Step 1: Contact your agent

The first thing you should do when filing a claim with Progressive Insurance for Small Business is to contact your agent. Your agent will provide you with the necessary paperwork and inform you of any other requirements that need to be met in order to file the claim.

Step 2: Gather all relevant documents

You’ll need to gather all relevant documents, such as bills, receipts, repair estimates, and anything else related to the claim. These documents will help your agent determine the best course of action.

Step 3: Submit your claim

Once you’ve collected all of your paperwork, it’s time to submit your claim. Your agent will review all the information and verify that everything is in order before submitting it on your behalf. Once submitted, Progressive Insurance for Small Business will start working on settling the claim.

Step 4: Review and sign the settlement offer

Once Progressive Insurance has reviewed the claim, they’ll provide you with a settlement offer. You’ll need to review this offer in detail before signing off on it and accepting it as payment for the damages or losses incurred. If there are any discrepancies or disputes regarding the offer, be sure to address them before signing off on it.

Step 5: Follow up as needed

In some cases, additional follow-up may be needed in order to finalize the claims process. Your agent can help guide you through this process and ensure everything is settled in a timely manner.

Pros of Progressive Insurance for Small Business

There is no shortage of pros when considering Progressive Insurance for your small business, starting with the range of products available. They offer all the typical small business insurance policies you’d expect, such as property insurance and liability coverage. In addition, they offer specialized products for particular industries.

Progressive Insurance for Small Businesses offers a variety of discounts and promotions that can help you save money on your premiums.

Plus, getting an online key is a breeze. Just enter some basic details about your business, and you’ll get a quote and purchase your policy in no time. It’s that simple!

And if you’re really looking to maximize savings while making sure all your bases are covered, it’s convenient that Progressive is available in all 50 states and Washington D.C., so wherever you have offices or employees working, you can get the right coverage at the best value.

Cons of Progressive Insurance for Small Business

When it comes to Progressive Insurance for Small Businesses, it’s not all sunshine and rainbows. There are some cons to keep in mind if you’re considering using this insurer:

Missing some industry-specific business insurance products compared to other companies in our rating

Progressive might not have the most expansive portfolio available when it comes to small business insurance products. While they offer a wide range of insurer packages, some of their competitors can offer more specialized industry-specific options. So be sure to shop around before deciding on Progressive.

Most business insurance policies are through a third party

Unlike its auto insurance policies, most small business insurers through Progressive are provided by a third-party provider called Hartford Steam Boiler (HSB). Make sure their offerings meet your needs before committing to any policy.

How Do I Buy Small Business Insurance From Progressive?

Getting small business insurance from Progressive is easy, and the process starts with an online quote form. All you have to do is make sure you have all of your business’s pertinent information ready, things like the type of business, years in operation, etc., and fill out the online quote form.

Alternatively, you can get a quote quickly by calling the number provided to speak with an agent and learn more about setting up a policy.

The process is designed to be hassle-free, so there’s no need to wait. And whether you choose the online quote form or a call with an agent, you’ll be on your way to getting progressive small business insurance in no time.

Conclusion

At the end of the day, Progressive Small Business Insurance is designed to meet the needs of a small business while offering the same level of coverage and financial protection as larger businesses. With a range of plans and flexible payment options, Progressive Small Business Insurance can be tailored for businesses of any size, and with its competitive rates, it’s automatically a great choice.

The wide range of coverage options, including liability, property, and workers’ compensation coverage, means that you’ll be able to find a policy that meets the specific needs of your business.