Progressive Small Business Insurance Reviews 2021 (Ratings, Complaints & Coverage). Progressive Insurance started in 1937 when founders Joseph Lewis and Jack Green launched Progressive Mutual Insurance Company to provide cheap and 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.
Progressive’s history of innovation reinforces their drive to provide insurance protection at affordable prices. Their customer focus has helped them grow into one of the largest providers of both personal and commercial auto insurance in the nation.
Since its founding, Progressive insurance has since grown from 50 initial employees to more than 27,000 nationwide representatives, plus an estimated 30,000 independent agents throughout the country. 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.
In 1971, as a response to the need for affordable small business insurance, Progressive expanded its insurance offerings to include commercial auto insurance.
If you are a small business owner looking to buy liability insurance, read Progressive small business insurance reviews to learn about Progressive’s products.
Yes, Progressive offers business insurance with a primary focus on small business commercial policies.
Progressive offers small business insurance policies including: General Liability, Commercial Property, Workers Compensation, Commercial Auto, Professional Liability, Cyber Liability, Health Insurance and others.
The average cost of Progressive’s commercial insurance policies ranges from $22 to over $180 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.
Progressive offers many different types of common commercial insurance policies, making them a sort of one-stop-shop for your business insurance requirements. As we’ve already mentioned a couple of times, it’s important to note that Progressive only actually underwrites their own auto insurance policies — any other form of coverage is outsourced to third-party insurers.
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:
Liquor liability insurance is coverage for businesses that make, sell or serve alcoholic beverages. It’s also known as dram shop insurance.
Originating from the early shipping industry, this is coverage for movable property, equipment, tools, supplies and various other goods during transport over land.
Also known as EPLI, it protects against claims related to employee discrimination, sexual harassment and wrongful termination.
Rideshare insurance is intended to fill the gaps between the insurance ridesharing companies, like Uber or Lyft, provide for their drivers and their drivers’ own personal policies.
Also called business property insurance, it protects commercial buildings and moveable property your business owns. It’s offered as a part of a BOP.
Insurance for businesses who can’t get coverage in the admitted market. This includes new ventures and businesses with unusually high risk. It’s also known as E&S insurance.
Employee Pet Insurance is a voluntary benefit that employees can opt in to which helps cover their pets’ medical expenses.
Health insurance is a benefit that lets your business offer quality medical care to your employees and their dependents.