Does Progressive Have Business Insurance? A Complete Analysis

Progressive holds the position of being the leading provider of commercial auto insurance in the United States, as reported by the Insurance Information Institute.

This noteworthy status positions it as a key consideration when seeking business auto insurance.

However, when it comes to other business insurance policies such as general liability or workers’ compensation, Progressive functions as a middleman, facilitating connections with other insurers.

It is advisable to approach the primary source directly for such coverage unless you intend to consolidate your business insurance with an existing Progressive car insurance policy.

Progressive holds the position of being the leading provider of commercial auto insurance in the United States, as reported by the Insurance Information Institute.
Image source (Sapling)

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 personal auto insurance.

Can’t file a claim through Progressive (except for commercial auto).

Types of coverage offered by Progressive business insurance

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

Progressive predominantly relies on third-party insurers to offer the majority of its business insurance policies, wherein the third-party handles quoting, underwriting, and claims processing.

Notably, Progressive manages its commercial auto insurance internally.

In addition to the fundamental business insurance products, Progressive extends its offerings to include liquor liability insurance, rideshare insurance, inland marine insurance, and other alternatives.

While Progressive provides business insurance coverage across all 50 states, it does not extend its coverage to Washington, D.C.

Progressive commercial auto insurance

Progressive offers commercial auto and truck insurance directly. Policyholders benefit from 24/7 customer service online or by phone.

Various discounts are available. Commercial auto insurance typically covers liability, physical damage, medical payments, uninsured motorist, hired auto, and non-owned coverage.

Progressive allows customization to suit your business needs. Commercial truck options include earned freight coverage and trailer interchange insurance.

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.

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

Progressive general liability insurance

Progressive provides general liability insurance via a third-party insurer. You can opt for it as a standalone or combine it with commercial property insurance in Progressive’s business owners policy.

All business owners are advised to have general liability insurance. It covers bodily injury, property damage, and personal injury like libel, slander, or copyright infringement.

Progressive’s coverage extends to claims related to products you make, sell, or distribute, and faulty work by your business.

Liability coverage only applies to third-party claims. For instance, if a customer is injured at your store or your employee damages a customer’s window on a job site.

It doesn’t cover your property, employee injuries, or protect against negligence claims.

Additional coverage like commercial property insurance, workers’ compensation, and professional liability is necessary.

Read more: Is life insurance a business expense

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 median prices for various coverage types in 2021, as reported by Progressive.

Type of coverage

Median monthly premium

General liability insurance

$48.

Professional liability insurance

$42.

Business owners policy

$68.

Commercial auto insurance

$160.

You can get a business insurance quote online by supplying a few details, including your business name, physical address and years in operation. You also may need to provide revenue and payroll estimates, as well as gross sales numbers, depending on your business and the coverage selected.

Should you choose Progressive for business insurance?

Progressive may be a good fit for your business if:

  • Your first priority is commercial auto insurance. Progressive’s commercial auto policies cover a wide range of vehicles and can be tailored to businesses of all sizes. The company also had fewer commercial auto insurance complaints than expected filed with state regulators between 2018 and 2021, according to a NerdWallet analysis.

  • Your other insurance needs are relatively simple. Progressive can help you buy basic types of insurance, like general and professional liability and workers’ comp, from other insurance companies. But you’ll need to shop elsewhere for specialized coverages like directors and officers insurance.

  • You don’t mind working with an agent. You can get a quote online from Progressive, but you’ll need to talk to an agent to complete your purchase.

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