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BizInsure Review

Sunday, April 14th

2024 Business Insurance Provider Reviews

BizInsure Review 4 Star Rating

BizInsure

4 Star Rating
  • Comprehensive business insurance, from general liability to professional liability
  • Digital tools streamline the process, allowing easy exploration of insurance options and quick quotes
  • "A+" BBB rating and few customer complaints
  • In business since 2007

Established in 2007, BizInsure is a relatively recent entrant to the insurance sector, primarily focusing on business insurance solutions. The company caters to the needs of a diverse clientele, with a particular emphasis on serving small and medium-sized enterprises. Unlike some long-standing industry players, BizInsure brings a contemporary approach to the insurance marketplace, aiming to simplify the often intricate process of obtaining business insurance.

Many types of business insurance offered

A distinguishing feature of BizInsure is its comprehensive selection of coverage options. Recognizing the variability in business operations and requirements, the company offers an extensive range of insurance policies to address these diverse needs. Clients can explore offerings such as general liability, professional liability, business owners' policies (BOP), commercial auto, workers' compensation, and more.

User friendly experience

The company's digital platform provides a user-friendly experience for clients. By offering online tools for quote generation and applications, BizInsure enhances accessibility and convenience. This digital approach allows clients to explore insurance options and request quotes without leaving their homes or offices.

Easy online quote process

To generate a quote, we searched for Web Site Design & Development Services and began filling out the usual requests for information about the business: number of employees, revenue, location, and contact information. Policy selections were already conveniently made for us. All we had to do was uncheck the ones we didn't want and fill in the amounts we needed for the replacement of property losses. Coverage is for a year and there is no way to extend or reduce that timeframe.

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You may still need to call

In our case, BizInsure was unable to provide an instant quote for a web design and development business because our situation was unique to their quoting engine. They did provide a toll-free phone number and email address as well as a quote reference number. It would have been more helpful to create an account retaining all the information we took the time to enter into the form so we don't have to repeat it to the insurance agent, so they could just look it up from what we entered.

Top-rated by the BBB

BizInsure has no presence on Trustpilot's rating system, but it does enjoy an "A+" accredited 4-star rating from the Better Business Bureau. It has only had 3 customer complaints in the last 3 years. And all three of those complaints were a result of miscommunication from the customer to the BBB. One was about a completely different company.

Worth considering for small- and medium-sized businesses

While BizInsure lacks the historical pedigree of some well-established insurance giants, and it couldn't provide a quote for our fairly common home-based business scenario, its specialization in business insurance and commitment to modernizing the insurance process make it a noteworthy player in the contemporary insurance landscape. Whether you run a small business or manage a medium-sized enterprise, BizInsure's approach and array of coverage options (if you can get all the way through their form to an instant quote) are worth considering when addressing your business's insurance requirements.

Where Can You Find the Best Business Insurance?

In a world becoming more legally sensitive, protecting your company from accidents, property damage, or injuries is critically important. It plays a pivotal role in safeguarding a business against a a myriad of risks. And in many states and industries, it's not just a good idea but something you have to do.

Even where it's not required, business insurance is a popular idea. In today's world, companies operate in an environment fraught with risks, ranging from natural disasters and accidents to legal liabilities. Without insurance, these events could lead to substantial financial burdens that might cripple or even bankrupt a business. Insurance policies act as a financial cushion, ensuring that a business can recover and continue operations.

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Business Insurance Provider FAQ

There are two main areas of coverage: business liability and commercial property. The former is used in the event that someone holds your company liable for injury, damages or loss; the latter covers damaged or stolen business property, plus any buildings you own (not lease).
Unless you've got money to burn, you need insurance coverage to protect you from any number of unexpected situations: a slip-and-fall at your store, an employee injury at your warehouse, or damage to a customer's home during a project, just to name a few. Lawsuits, medical bills, and property damage claims get expensive, and business insurance helps mitigate those risks and costs.
That will depend on several factors, including but not limited to state laws where your business operates and any licensing requirements for your specific industry. If you have employees, you'll likely be required to have workers' compensation coverage, and any vehicles owned by your business (and not you as an individual) need a commercial auto insurance policy.
That also depends on your state and your industry. At a minimum, expect that you'll need general liability insurance (which is often required as part of a client contract or commercial lease), plus workers' comp if you have employees and commercial auto if your company owns vehicles. Beyond that, you'll need to consider how your business operates and what specific types of policies might be required or just a good idea (such as Liquor Liability if you own a bar).
As with any other type of insurance, your premiums for business policies depend on many factors: the size of your company and number of employees, desired coverage limits, annual revenue and business location. However, most small businesses pay $65/month on average for General Liability coverage, $99/month for Business Owner Policy (which bundles property insurance with general liability), and $111/month for Workers Compensation.
It's true that most insurers only offer standard one-year policies, with prorated refunds if you cancel before the 12 months are up. But, with more and more people working in non-traditional ways (gig economy, freelancers, event specialists, and so on), the business insurance industry is evolving to keep up. There's at least one company that specializes in business insurance with short-term options: hourly, daily, monthly, depending on the company's needs.
Typically, yes! The premiums for your policy are a business expense and can be deducted like any other cost.
Absolutely. Some of the biggest names in the insurance industry allow business owners to get quotes directly through their websites. Other insurers specialize in online-only service, allowing you to get your quote, policy, and proof of coverage with just a few clicks. Of course, you should do your due diligence and select an insurer with a strong reputation before committing to a business insurance policy.
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Continued from above...

The insurance needs for any business can vary depending on its size. For example, small businesses often have different challenges compared to larger ones. Meeting the insurance needs that big companies can handle with lots of resources can be harder for small businesses. That's because small businesses don't have as many employees, accountants, and lawyers.

The legal landscape is another area where business insurance is indispensable. Liability claims and lawsuits are commonplace in the business world. Without adequate insurance, legal expenses and settlements can pose existential threats to a company. Insurance policies focused on professional liability, general liability, and other specific risks mitigate the financial impact of legal challenges, allowing a business to focus on their core activities rather than litigation.

But figuring out the right insurance can be confusing. After all, it's not an "exciting" business expense, protecting yourself against situations that you hope don't happen, but it's a big help when unexpected things do.

So, how can you figure out the exact coverage and how much you need? Instead of going to a local agent right away, who might not know a lot about small businesses, people are increasingly turning to online searches to find an insurance company with knowledge and specialty in the business world.

As you look into different places to get business insurance, keep these things in mind:

  • Types of coverage. Make sure the coverage options available are what you need. Are you limited to basic liability plans, or can you make a policy that's right for your business?
  • Convenience. See how easy it is to find information and get quotes on the website. Do you have to talk to someone before you can get coverage?
  • Reputation. Has the service or company been reviewed by the Better Business Bureau? Look at what other business customers say about their experience during the application process and after they get the policy.

Today's market has a bunch of top business insurance providers, and the experts at Top Consumer Reviews have researched and ranked some of the best-known names in the industry. Our goal is to help you get the coverage your company needs to protect it from expensive lawsuits, liability issues, and unexpected problems.

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