Progressive Business Insurance Review 2021: Pros, Cons and Coverage Options

Progressive is the largest seller of commercial auto insurance in the United States. This alone makes Progressive a great choice for business auto insurance. But Progressive simply serves as an intermediary for other types of business insurance, like general liability or workers’ compensation. If you are looking to combine your Progressive car insurance policy with business insurance, it is better to go directly to the source.

Progressive business insurance: Pros and cons

Pros	Cons
Commercial auto insurance covers a wide range of vehicles and uses, including dual personal and business use.	Most business insurance policies are through a third party.
Discounts available when you bundle business and auto insurance.	Can’t file a claim through Progressive (except for commercial auto).

Progressive business insurance: Types of coverage

Progressive offers the following coverage options for small-business owners:

Most of the business insurance policies offered by Progressive are through a third-party insurer that provides the quote, underwrites the policy and ultimately handles any claims that arise. Progressive’s commercial auto insurance is an exception. It is handled in-house.

Beyond those core business insurance products, Progressive also offers liquor liability insurance, rideshare insurance and inland marine insurance, among other options.

Progressive offers business insurance in all 50 states but doesn’t offer coverage in Washington, D.C.

Progressive general liability insurance

Progressive offers general liability insurance through a third-party insurer. General liability can be purchased as a standalone policy or combined with Progressive’s commercial property insurance policy.

General liability insurance is recommended for all business owners. This insurance typically covers bodily injury and property damage, as well as personal injury. It also covers libel or slander. Your business may also be covered by progressive general liability insurance for claims relating to products that you sell, distribute, or manufacture.

Liability coverage applies only to third-party claims: if a customer falls and is injured at your store or your employee breaks a customer’s window while on a job site, for example. It does not cover your property, injuries to employees or claims of negligence. Additional coverage such as professional liability, commercial property insurance, and workers’ compensation would be necessary.

Progressive commercial auto insurance

Commercial auto and truck insurance is the only business coverage offered directly through Progressive, so policyholders can take advantage of the company’s 24/7 customer service (available online and by phone) and earn a variety of discounts.

Progressive business auto insurance quotes typically include liability, physical damage, medical payments, uninsured motorist, hired auto and non-owned coverage, but you can customize your coverage to meet the needs of your business. Earned freight coverage and trailer interchange insurance are two examples of coverage available for commercial trucks.

Progressive insures the following types of commercial vehicles:

• Cars and SUVs, including those with dual use (personal and business).

• Motor homes and RVs.

• Buses.

• Limousines.

• Tractor-trailers.

• Pickup trucks.

• Tow trucks.

• Box trucks.

• Dump trucks.

Progressive doesn’t offer commercial auto insurance for emergency vehicles, race cars or wheelchair buses, among other specialty vehicles.

How much does Progressive business insurance cost?

It’s difficult to predict the cost of business insurance, as rates vary widely depending on coverage, location, business type and associated risk factors, but a ballpark figure is helpful to index against as you shop for coverage.

Below are average prices for various coverage types in 2020, as reported by Progressive.

Type of coverage	Average monthly cost
General liability insurance	$53.
Professional liability insurance	$46.
Business owners policy	$84.
Commercial auto insurance	$187.

You can get a business insurance quote online by supplying a few details, including your business name, physical address and years in operation. Depending on the type of coverage you choose, you may also need to submit revenue and payroll estimates.

Kelsey Sheehy, https://www.nerdwallet.com/article/small-business/progressive-business-insurance
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source https://ihomenews.com/progressive-business-insurance-review-2021-pros-cons-and-coverage-options/