Commercial insurance refers to insurance coverage designed to protect businesses, entrepreneurs, and professionals.
This insurance typically provides financial protection against risks specific to running a business, such as property damage, liability, and employee-related risks.
Progressive Commercial insuranceAn infographic of Progressive Commercial insurance
Pros and Cons of Progressive
| Pros | Cons |
|---|---|
| Reliable and affordable | Not great customer satisfaction ratings |
| Offers a variety of coverage options | Not available in all states |
| Pricing is based on your specific needs | Missing some types of coverage you may need |
| You can get a quote online | |
| Coverage can start quickly |
Progressive Commercial Insurance Cost Analysis
In 2020, Progressive offered insights into the average and median costs of their policies. However, it’s essential to note that premiums have risen significantly since then. Here are the figures from 2020:
- Workers Compensation:
- Average: $86/month
- Median: $80/month
- Business Owners Policy (BOP):
- Average: $84/month
- Median: $85/month
- General Liability:
- Average: $53/month
- Median: $57/month
- Professional Liability:
- Average: $46/month
- Median: $50/month
Keep in mind that these costs are from 2020 and do not account for increased premiums and inflation. Therefore, you should anticipate higher prices.
Progressive Claims Process Overview
The claims process at Progressive may seem straightforward, but it’s often inconvenient. Here’s what to expect:
Online Claim Filing:
Waiting Period:
Expect to wait days or even weeks for a response.
Additional Documentation:
You may be asked to provide additional supporting documents.
Communication:
It may take time before you hear from a live representative regarding your claim.
Coverage Verification:
The status of your claim’s coverage under your policy remains unclear at this stage.
Policy Adjustments:
If your claim is not covered, you may be prompted to consider purchasing additional insurance.
Trust them with your commercial insurance needs
They are one of the most trusted and highest-rated commercial auto insurance companies in the U.S. In fact, they are currently the No. 1 commercial auto insurer in America with an A+ rating from A.M. Best.
They insure over 1 million commercial vehicles between hundreds of thousands of small businesses across the nation.
Shop a variety of other commercial insurance products through several trusted providers of the Progressive Advantage® Business Program.
Visit Progressive Commercial Insurance for more detailed information on all their commercial products, or call 1-888-240-9837 to get a free quote.
Remember FORWARDCOVERFOCUS brings you an alluring Progressive Insurance experience