Progressive Commercial Insurance is a good option if you’re a businessman looking for a company that underwrites business insurance with competitive rates, customizable limits, numerous options, and other perks.Â
This article we’ll get you acquainted with Progressive Commercial Insurance company, discuss the business insurance policies it offers, show ratings and reviews.Â
 Understanding Progressive Commercial Insurance
Progressive Commercial Ins. holds the 9th spot in the Insurance Information Institute ranking of the leading business insurance companies in 2021. This company has $10,282,191 gross written premiums and a market share of 2.6%.Â
Progressive also hails itself as the number one motorcycle, watercraft, and commercial auto insurance company in the United States.Â
Lawyers Josh Lewis and Jack Green founded Progressive in 1937 as a mutual insurance company that underwrote and sold auto insurance. As it continued operating, Progressive launched initiatives that were the first of their kind in the insurance industry
At present, Progressive Commercial continues to provide user-centric and efficient insurance solutions.
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Underwriting Appetite: Which Businesses Does Progressive Commercial Insure?
In insurance lingo, an underwriting appetite is specific risk groups that an insurance company is inclined to provide coverage. In connection, here’s a table showing which ventures Progressive small business insurance caters:
Business Sector | Particular Business Covered |
Retail | -Appliances and electronics
-Antiques, art, gifts, flowers, general stores, thrift shops -Auto, motorcycle, and tire dealers -Books, comics, and newsstands -Construction, gardening, and furniture supplies –Fashion/clothing, jewelry, and footwear stores -Cosmetics stores -Grocery and convenience stores |
Food and hospitality | -Full-service restaurants that don’t serve alcohol
-Full service restaurants that sell alcohol -Fast-food, take-out, and deliveries -Caterers Nightclubs |
Manufacturing | -Breweries and wineries
-Apparel and accessories manufacturing -Candle manufacturing -Food manufacturing -Personal care products manufacturing -Wood products manufacturing -Signage makers -Soap manufacturing -Bread factories |
Construction | -Commercial building contractors
-Frame contractors -General contractors -Home addition contractors -New home contractors -Renovation contractors |
Wholesale | -Fashion and accessory wholesalers
-Automobile wholesalers -Alcoholic beverage wholesalers -Constructions supply wholesalers -Food wholesalers |
Arts, entertainment, and recreation | -Campgrounds
-Recreation and sports centers -Entertainers and performers -Musical groups |
Education/consulting | -Agriculture consulting firms
-Business management consulting firms -IT consulting firms -Marketing consulting firms -Safety consulting firms -Scientific and technical consulting firms -Driving schools -Teachers |
Real estate | –Real estate agent offices
-Real estate broker offices |
Finance | -Financial advisors
-Accounting and bookkeeping firms -Credit intermediation service firms -Office administrative support firms |
Agriculture | -Farms
-Fisheries -Lumbermills and tree companies -Sports hunting businesses |
Transportation | -Limousine
-Trucking -Medical transportation (except commercial EMTs) -Freight brokers -Scenic cruises and land trips |
Professional and technical services | -Law firms
-Residential cleaning businesses –Commercial cleaning businesses -Linoleum installers -Hardwood flooring installers -Computer repair and maintenance -Truck tractor repair and maintenance shops -Upholstery -Lawn sprinkler installers -Junk and debris removal businesses -Garbage collection businesses -Personal chefs |
Healthcare | -Physicians
-Dentists -Orthodontists -Pathologists -Mental health practitioners |
Personal care | -Barbershops
-Medical spas -Reiki spas -Day spas |
Policies You Can Avail from Progressive Commercial Insurance
We visited the company’s page in order to see the policies you can avail. Progressive business insurance policies are as follows:
- Commercial liability insurance policies
- Commercial property insurance
- Business owner’s policy
- Commercial auto insurance
- Workers comp insurance
- Inland marine insurance
- Commercial truck insurance
Progressive Business Liability Insurance
Progressive business liability insurance shields your business from third-party claims. This is available as:
- General liability insurance
- Professional liability insurance
- Cyber liability insurance
Progressive Commercial General Liability InsuranceÂ
Progressive Commercial general liability insurance protects your business against third-party claims for bodily injuries or property damage. It covers the following costs:
- Medical payments
- Settlements
- Reimbursements for property damage
- Defense costs and court judgments
In addition Progressive allows you to customize the limits of its general liability insurance in case you need to have more coverage to satisfy contract requirements.Â
Limits | |
Bodily injury and property damage coverage per occurrence limit | $1 million |
Bodily injury and property damage coverage aggregate limit | $2 million |
Products and completed operations coverage aggregate limit | $2 million |
Advertising injury coverage aggregate limit | $100,000 |
Medical payments coverage limit | $5,000 |
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Progressive Professional Liability InsuranceÂ
Progressive Commercial sells professional liability insurance that covers defense costs, settlements, and judgments if your business is sued for:
- Negligence
- Errors and omissions
- Misrepresentation
- Breach of contract
- Breach of confidentiality
Progressive Workers Compensation Insurance
Limits | |
Bodily injury by accident | $500,000 |
Bodily injury by disease | $500,000 |
Each employee’s bodily injury by disease | $500,000 |
You can avail workers’ compensation insurance from Progressive. Policy limits are customizable just like the previous Progressive Commercial policy in the section above.
Workers’ compensation insurance kicks in when an employee sustains a work-related injury or disease and takes care of the following costs:
- Ambulance fees and emergency medical treatment
- Hospitalization
- Rehabilitation
- Medication
- Lost wages
- Death benefits
Progressive Commercial Property Insurance
Limit | |
General liability per occurrence | $1 million |
General liability aggregate | $2 million |
Commercial property minimum building coverage | $25,000 |
Commercial property minimum contents coverage | $15,000 |
You get Progressive Commercial property insurance if you decide to purchase a BOP. A business owner’s policy is a combination of general liability and commercial property insurance. However, it can also offer additional business insurance policies.Â
Progressive Commercial Auto InsuranceÂ
Limit | |
Bodily injury and property damage coverage | $1 million combined single limit |
Uninsured motorist bodily injury coverage | $1 million combined single limit |
Uninsured motorist property damage coverage | $1 million combined single limit |
Medical payments coverage | $500 (minimum) |
Comprehensive physical damage coverage | $5,000 (minimum) |
Collision physical damage coverage | $5,000 (minimum) |
Purchase Progressive Commercial auto insurance if your business owns a commercial vehicle and is using it to transport goods, equipment, clients, or workforce. These are the most common vehicles you can insure with Progressive business auto insurance:
- Business auto
- Sports utility vehicle
- Bus
- Limousine
- For-rent motorhomes
- Tractor-trailers
- Box trucks
- Food trucks
By the way, Progressive Commercial vehicle insurance doesn’t cover the following:
- Double-decker buses
- Emergency vehicles
- Monster trucks
- Golf carts
- Pinzgauer, Unimog, and other military vehicles
- Wheelchair buses
- Vehicles manufactured before 1931
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Progressive Commercial Truck Insurance
Motor carriers, private carriers, and owner-operators using trucks, tractors, and other similar power vehicles can get Progressive Commercial truck insurance that offers the following primary coverages:
- Motor truck cargo-Allows you to reimburse the client if their cargo got lost or damaged during delivery
- Motor truck general liability-Covers cost if you’re trucking business is accused of bodily injuries, property damage, and reputational harm
- Non-trucking liability– Shoulders finances if your truck caused an accident and injured third parties or damaged property while being used for personal errands
- Trailer interchange-Shoulders the repair or replacement costs for borrowed or hired trailers you’re using under trailer interchange agreement
Progressive Dump Truck Insurance
Progressive’s dump truck insurance is a tailored commercial vehicle insurance product for debri-removal businesses, garbage collectors, construction companies, and others. Primary coverages are bodily injury and property damage liability.Â
Progressive Commercial: How To Retrieve Quote
Progressive Commercial allows you to get a quote online. The company doesn’t force you to purchase a policy instantly. You can leave your Progressive online quote and take a look at the offer of another company.Â
Progressive Commercial insurance quotes are very easy to retrieve.Â
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Retrieving Your Progressive Business Insurance Quote Â
Step 1
To retrieve your Progressive business insurance quote, visit the Progressive Commercial website. While on the website look for this box where you can choose different business insurance policies.
 Click on retrieve a quote placed in its lower left corner.
Step 2
After doing step 1, you will be taken to this page.Â
Input the following data, click the retrieve quote button, then you’ll receive your Progressive business insurance quote once again.Â
- Type of insurance quote Progressive issued to you before
- Quote number or email address
- Last name
- Zip code
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Progressive Commercial Insurance Cost
The table below shows the average cost of Progressive Commercial insurance policies:
Cost per Month | Cost per Year | |
General liability | $48 | $576 |
Professional liability | $56 | $672 |
Business owner’s policy | $101 | $1,212 |
Commercial auto | $187 | $2,244 |
Commercial truck insurance | $640 | $7,680 |
Boat Insurance | $65.22 | $782.64 |
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Progressive Commercial Insurance Bundle Discount
There are different kinds of Progressive Commercial insurance bundle discounts:
- Package discount for customers who bought a BOP
- Commercial vehicle+personal auto discount
- Progressive Advantage® Business Program discount
Progressive Commercial Insurance Review
The company provides different kinds of business insurance products to customers.The company has excellent ratings in AM Best and Consumer Affairs.Â
Average cost of $1 million general liability policy: $48 per month
Our rating: 9/10
Pros
- Offers a lot of discounts
- Customizable policy limits
- Numerous add-ons to commercial auto insurance
- Helps with federal and state filings
Cons
- Poor reviews on Better Business Bureau
- Some policies sold by Progressive Commercial are underwritten by partners