Commercial auto
Progressive underwrites an extensive range of commercial auto insurance policies, which provide coverage for vehicles your company owns or leases. Because Progressive directly provides commercial auto coverage, you have access to 24/7 policy support.
You may also be eligible for several discounts, like a multi-vehicle discount or automatic savings if you enroll in its Snapshot Proview to track driving habits. Progressive offers commercial auto policies in all 50 states, but coverage isn’t available in Washington, D.C.
General liability
A general liability policy protects your small business from third-party claims involving bodily injury, damage to someone else’s property, false advertising, or reputational damage. For example, if someone slips and falls at your business or one of your employees accidentally damages someone else’s property, general liability coverage kicks in.
Through its network of insurers, Progressive offers standard general liability insurance. It also offers excess and surplus lines insurance, which is basically general liability coverage for high-risk businesses, like a tree-trimming service or roofing company.
Business owner’s policy
Business owner policies combine general liability and commercial property coverages into a single policy. They also include business interruption insurance, which protects against financial losses in case your business is temporarily unable to operate because of an unexpected event. Progressive offers business owner policies through third-party insurers. However, it doesn’t offer standalone commercial property insurance.
Professional liability insurance
Progressive offers professional liability insurance, also known as errors and omissions (E&O) insurance, through its third-party providers. This type of coverage protects your business from claims involving professional negligence, subpar work, or inaccurate advice. Some states require professional liability insurance for certain professions, like attorneys.
Workers’ compensation insurance
Most states require businesses that employ people to carry workers’ compensation insurance. The coverage helps pay for employees’ medical bills and lost wages if they become sick or injured on the job. You can buy workers’ comp insurance through Progressive’s third-party insurers unless your business is located in Ohio, North Dakota, Washington, or Wyoming, which generally require you to buy coverage through a state-run fund.
Cyber insurance
Progressive offers cyber insurance through its network of providers. This type of insurance provides coverage if your business experiences a data breach or cyber attack.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.