Progressive Small Business Insurance Reviews 2021

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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.

Does Progressive Offer Business Insurance?

Yes, Progressive offers business insurance with a primary 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, Professional Liability, Cyber Liability, Health Insurance 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 $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.

Key Features

  • Customizable policies
  • Focus on small business coverage
  • Strong commercial auto coverage
  • 24 separate commercial auto packages
  • Strong general liability coverage
  • Online quotes and bill payments
  • 24/7 claims and customer support
  • Very strong ratings from A.M. & Moody

Pricing

Progressive offers a wide range of pricing options. Your exact rate will be determined by the policy you end up buying.

In 2019, the national average cost of a new 12-month business insurance policy through the Progressive Advantage® Business Program ranged from $46 a month for professional liability to $85 a month for workers’ compensation.

Your cost is based on a variety of factors including the industry you’re in and the specific types of jobs you do. For example, one landscaping company might only mow lawns, while another offers additional services such as tree trimming. They’re both landscapers, but their exposure to risk is different and will be reflected in their rates.

Relative to other business insurance providers, you get the most value for your money if you choose Progressive for their commercial auto coverage. It’s impossible to state definitively that you’ll get a better or worse rate at Progressive. As always, you’ll get a better rate if you shop around for the policies that best suit your individual business needs. You can also save more by taking advantage of any available discounts.

WHAT KINDS OF BUSINESS INSURANCE DOES PROGRESSIVE OFFER?

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.

  • Commercial auto insurance
  • Truck insurance
  • Pickup truck insurance
  • Box truck insurance
  • Van insurance
  • Tow truck insurance
  • General liability insurance
  • Workers compensation insurance
  • Business owner’s policy (BOP)
  • Professional liability insurance
  • Business resources insurance

Pros and cons of Progressive commercial car insurance

Pros

  • Customizable coverage. Choose widespread coverage like comprehensive and general liability, or opt for specialized or limited coverage plans.
  • Industry-specific options. Get the coverage you need for your commercial trucks, tow trucks and trailers.
  • Easy online access. Report or track a claim from its website, and pay your bill online.
  • 24/7 assistance. Contact customer service for changes in your policy anytime.

Cons

  • Average customer satisfaction. Trusted consumer sites like J.D. Power rank the company average on customer satisfaction.
  • Higher premiums. The average premium for commercial insurance is around $165 per month for each vehicle — that’s higher than the national average of $100 monthly.

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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

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Most small businesses need this coverage. It guards against things like bodily injury, property damage, completed operations and advertising injury that arise from your business. Sometimes people refer to this coverage as “business insurance”.

Commercial Auto

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You need this coverage if you use your vehicles for business. This can include traveling between job sites, making deliveries or transporting tools and equipment. It provides liability and physical damage protection for your business vehicles and trailers.

Professional Liability

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Liability protection for businesses who offer professional services or advice. It protects against claims of professional negligence. It’s also known as Errors and Omissions insurance (E&O).

Cyber Insurance

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Protects against electronic threats, such as data breaches and cyber-attacks. Businesses that store or process sensitive data like credit card information should consider this coverage.

Business Owners Policy (BOP)

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This coverage packages business liability and property coverage into one policy. It’s a common choice for small businesses with commercial buildings or personal property.

Workers’ Compensation

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This protects you and your employees. It helps pay for expenses such as medical costs and lost wages related to employees who become injured or ill on the job.

Additional business insurance products

Liquor Liability Insurance

Liquor liability insurance is coverage for businesses that make, sell or serve alcoholic beverages. It’s also known as dram shop insurance.

Inland Marine Insurance

Originating from the early shipping industry, this is coverage for movable property, equipment, tools, supplies and various other goods during transport over land.

Employment Practices Liability Insurance

Also known as EPLI, it protects against claims related to employee discrimination, sexual harassment and wrongful termination.

Rideshare Insurance

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.

Commercial Property Insurance

Also called business property insurance, it protects commercial buildings and moveable property your business owns. It’s offered as a part of a BOP.

Excess and Surplus Insurance

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 Benefit

Employee Pet Insurance is a voluntary benefit that employees can opt in to which helps cover their pets’ medical expenses.

Health Insurance

Health insurance is a benefit that lets your business offer quality medical care to your employees and their dependents.

Get the coverage you need today.
Ca
ll For A Free Quote @ 877-907-5267

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