Simply Business Insurance: Everything You Need to Know

Simply Business Insurance is an online business insurance brokerage that specializes in protecting businesses. Founded in 2005, Simply Business Insurance has offices in Boston and London and offers a wide range of insurance options to meet the needs of different businesses. With a focus on providing the right coverage at the right price, Simply Business Insurance aims to help businesses protect themselves against unexpected events.

Understanding Simply Business Insurance is important for businesses that are looking for comprehensive insurance coverage. Simply Business Insurance offers a variety of insurance options, including general liability insurance, professional liability insurance, business owner's policy, cyber liability insurance, workers' compensation insurance, and more. Each type of insurance provides different coverage options and can be tailored to meet the specific needs of each business.

Types of Business Insurance Provided by Simply Business Insurance include general liability insurance, which covers third-party accidents, property damage, and bodily injury. Professional liability insurance covers legal claims or damage caused by errors or unintentional omissions from your work. Business owner's policy combines general liability insurance and commercial property insurance to provide comprehensive coverage. Cyber liability insurance protects businesses from cyber threats and data breaches. Workers' compensation insurance provides coverage for work-related injuries and illnesses.

Understanding Simply Business Insurance

Simply Business is a business insurance provider that offers tailored insurance policies to meet the unique needs of small business owners. They provide coverage for a wide range of industries and business types, including professional services, tradespeople, and retailers.

One of the key benefits of Simply Business insurance is that they offer customizable policies that can be tailored to the specific needs of each business. This means that business owners can choose the type and level of coverage that best suits their business, without having to pay for coverage that they don't need.

Simply Business offers a variety of insurance types, including general liability insurance, professional liability insurance, commercial property insurance, and workers' compensation insurance. They also offer additional coverage options, such as cyber liability insurance and business interruption insurance.

To get started with Simply Business, business owners can request a quote online or over the phone. Simply Business will then provide a customized quote based on the specific needs of the business.

In addition to providing insurance coverage, Simply Business also offers a variety of resources and tools to help small business owners manage their insurance policies and stay informed about changes in the insurance industry. These resources include a blog, a knowledge center, and a variety of online tools and calculators to help business owners understand their insurance needs and make informed decisions about their coverage.

Overall, Simply Business is a reliable and flexible insurance provider that offers customized insurance policies to meet the unique needs of small business owners. With a variety of coverage options and resources available, Simply Business is a great choice for small business owners looking for comprehensive and affordable insurance coverage.

Types of Business Insurance Provided

Simply Business offers a variety of business insurance policies to help protect small businesses from unforeseen events. Here are some of the types of insurance policies they offer:

General Liability Insurance

General liability insurance is one of the most common types of business insurance. It provides coverage for third-party bodily injury, property damage, and advertising injury claims. This type of insurance can help protect your business from lawsuits and other legal claims.

Professional Liability Insurance

Professional liability insurance, also known as errors and omissions insurance, provides coverage for businesses that provide professional services. This type of insurance can help protect your business from claims of negligence, errors, or omissions related to your professional services.

Business Owner's Policy (BOP)

A business owner's policy (BOP) is a package policy that combines general liability insurance and property insurance into one policy. BOPs are designed for small businesses and can help protect your business from a variety of risks.

Commercial Auto Insurance

Commercial auto insurance provides coverage for vehicles that are used for business purposes. This type of insurance can help protect your business from liability claims and property damage related to accidents involving your business vehicles.

Workers' Compensation Insurance

Workers' compensation insurance provides coverage for employees who are injured or become ill while on the job. This type of insurance can help protect your business from lawsuits and other legal claims related to workplace injuries.

Simply Business also offers other types of insurance policies, such as cyber liability insurance, product liability insurance, and more. It's important to speak with an insurance agent to determine which policies are right for your business.

Claims Process

When it comes to filing a claim with Simply Business, policyholders can expect a straightforward and efficient process.

To file a claim, the policyholder first needs to find their policy documents. These documents should contain information on who holds the insurance policy. If the policyholder does not have a physical copy of their policy, they can check their email for an electronic copy.

Once the policyholder has located their policy documents, they can reach out to Simply Business to connect with the appropriate claims handler. Policyholders can call Simply Business at 1-855-769-6958 or send an email to service@simplybusiness.com to initiate the claims process.

After the claim has been received, Simply Business or a third-party company working on their behalf will investigate the claim. The investigation typically involves gathering information from the policyholder and any other involved parties, reviewing relevant documentation, and assessing the validity of the claim.

Once the investigation is complete, Simply Business will determine whether the claim is covered under the policy and, if so, the amount of compensation the policyholder is entitled to receive. Policyholders can expect to receive regular updates throughout the claims process, including notifications of any decisions made regarding their claim.

Overall, Simply Business strives to make the claims process as simple and stress-free as possible for policyholders. By providing clear instructions and regular updates, Simply Business ensures that policyholders are informed and confident throughout the claims process.

Pricing and Packages

Simply Business offers a variety of insurance packages for small businesses. The cost of the insurance policy depends on various factors, such as the type of business, the size of the business, and the level of coverage required.

One of the most popular packages offered by Simply Business is the Business Owners Policy (BOP). This package includes general liability insurance, property insurance, and business interruption insurance. The cost of the BOP varies depending on the size of the business and the level of coverage required.

Simply Business also offers a range of other insurance packages, including professional liability insurance, workers' compensation insurance, and cyber liability insurance. The cost of these packages varies depending on the specific needs of the business.

To get an accurate quote for a Simply Business insurance policy, businesses can request a quote online or over the phone. Simply Business will take into account the specific needs of the business and provide a customized quote based on those needs.

Overall, Simply Business offers competitive pricing for its insurance packages, with rates that are often lower than those offered by other insurance providers. Additionally, the company's online quote system makes it easy for businesses to get a quote quickly and easily.

It's important to note that while Simply Business offers affordable insurance packages, it's still important for businesses to carefully consider their insurance needs and choose a policy that provides adequate coverage. Simply Business can help businesses make an informed decision by providing expert guidance and advice on the best insurance options for their specific needs.

Customer Reviews and Feedback

Simply Business has received positive feedback from customers across various review platforms. On ConsumerAffairs, Simply Business has an overall rating of 4.5 out of 5 stars based on 140 reviews. Customers have praised the company for its easy-to-use website, competitive rates, and excellent customer service. One customer stated that Simply Business "saved me money, gave me great coverage, and was easy to work with."

Similarly, on Trustpilot, Simply Business has an excellent rating of 4.7 out of 5 stars based on over 1,000 reviews. Customers have praised the company for its quick and efficient service, knowledgeable staff, and competitive rates. One customer stated that Simply Business "was able to provide me with the right coverage at a very reasonable price."

On Simply Business's own website, customers have also left positive reviews. Customers have praised the company for its user-friendly website, competitive rates, and excellent customer service. One customer stated that Simply Business "provided me with a quote that was significantly lower than other insurance companies."

Overall, Simply Business has received positive feedback from customers across various review platforms. Customers have praised the company for its user-friendly website, competitive rates, and excellent customer service.

Comparing Simply Business Insurance to Other Providers

Simply Business Insurance is one of many providers offering business insurance. Here's how it compares to other providers:

Coverage Options

Simply Business Insurance offers a wide range of coverage options for small businesses, including general liability, professional liability, and business owner's policies. However, other providers may offer additional types of coverage, such as cyber liability insurance or commercial auto insurance.

Pricing

Simply Business Insurance is known for its affordable pricing, with policies starting at just $25.95 per month. However, pricing can vary depending on the size and type of business, as well as the specific coverage options chosen. It's important to compare quotes from multiple providers to ensure you're getting the best deal.

Customer Service

Simply Business Insurance has received positive reviews for its customer service, with many customers praising the company's responsiveness and helpfulness. However, other providers may also offer excellent customer service, so it's important to research and compare reviews before making a decision.

Ease of Use

Simply Business Insurance makes it easy for small business owners to get a quote and purchase coverage online. The company's website is user-friendly and offers a streamlined application process. However, other providers may also offer online quotes and applications, so it's important to compare the ease of use of different providers.

Overall, Simply Business Insurance is a strong option for small businesses in need of affordable and comprehensive coverage. However, it's important to compare quotes and research other providers to ensure you're getting the best coverage for your specific business needs.

The Importance of Business Insurance

Running a business can be a risky endeavor, and entrepreneurs face a variety of potential threats to their financial stability. That's why having the right insurance coverage is crucial. Business insurance can help protect a company from a range of risks, including property damage, liability claims, and loss of income.

One of the most important types of insurance for small business owners is general liability insurance. This coverage can help protect a company from lawsuits and other legal claims in the event that a customer or other third party is injured on the premises or suffers harm as a result of the company's products or services. General liability insurance can also help cover the costs of property damage caused by the business.

Another type of insurance that may be important for certain businesses is professional liability insurance. This coverage is designed to protect professionals such as doctors, lawyers, and accountants from claims of negligence or malpractice. It can help cover legal fees and other costs associated with defending against such claims.

In addition to these types of coverage, there are many other types of business insurance that may be important depending on the nature of the business. For example, workers' compensation insurance is required in many states and can help cover the costs of medical care and lost wages for employees who are injured on the job.

Overall, having the right insurance coverage can help provide peace of mind and protect a business from financial ruin in the event of unexpected events. Business owners should carefully consider their insurance needs and work with a reputable insurance provider to find the right coverage for their business.

Contacting Simply Business Insurance

If you have any questions or concerns about your business insurance policy, Simply Business Insurance has several ways to contact their customer support team.

One option is to call their toll-free number at (855) 869-5183. They are available Monday through Friday from 8am to 8pm ET. However, they are closed on Saturdays and Sundays.

If you prefer to contact them online, you can reach out to them via email at [email protected]. Be sure to email them from the account associated with your policy for faster resolution.

Simply Business Insurance also has an extensive FAQ section on their website, where you can find answers to common questions about their policies and services. If you cannot find the information you need, you can fill out a contact form on their website and a representative will get back to you as soon as possible.

In the event that you need to file a claim, Simply Business Insurance has a claims department that can guide you through the process. You can find your policy documents, including information on how to file a claim, in your email inbox if you don't have a physical copy. If you need further assistance, you can contact their claims department directly at the phone number listed on your policy documents.

Overall, Simply Business Insurance offers several ways to contact their customer support team and get the help you need. Whether you prefer to call, email, or fill out a contact form, their representatives are available to assist you with any questions or concerns you may have.

Conclusion

Simply Business is an online insurance broker that provides business insurance quotes from multiple providers. While customers have generally positive things to say about Simply Business, some have criticized the company for a slow and inefficient process when it comes to sharing business particulars and receiving policy information.

Despite these criticisms, Simply Business remains a popular choice for small business owners looking for general liability and professional liability insurance coverage. The company's online platform is easy to use, and customers appreciate the ability to compare quotes from multiple providers in one place.

One of the key benefits of Simply Business is its ability to offer customized insurance policies tailored to the unique needs of each business. This allows customers to obtain the coverage they need without paying for unnecessary extras.

Overall, Simply Business is a reliable and trustworthy insurance broker that can help small business owners protect their assets and mitigate financial risk. While there may be some room for improvement in terms of the speed and efficiency of the application process, the company's commitment to customer service and satisfaction make it a solid choice for those in need of business insurance.

Frequently Asked Questions

What is the cost of a $1 million dollar business insurance policy?

The cost of a $1 million dollar business insurance policy can vary depending on several factors, such as the type of business, location, and coverage needs. Simply Business offers a free quote service that allows business owners to compare quotes from multiple insurance providers. It's important to note that while cost is a factor to consider, it's also important to ensure that the policy provides adequate coverage for your business needs.

What is the best insurance company for business?

Determining the best insurance company for your business depends on several factors, such as the type of business, location, and coverage needs. Simply Business works with leading national insurers to provide business owners with a range of coverage options. It's recommended that business owners compare quotes from multiple insurance providers to find the best coverage and price for their specific needs.

Is Simply Business an insurer?

No, Simply Business is not an insurer. They are a broker that works with leading national insurers to provide business owners with a range of coverage options. Simply Business offers a free quote service that allows business owners to compare quotes from multiple insurance providers.

Is Simply Business insurance legit?

Yes, Simply Business is a legitimate insurance broker that has been in business since 2005. They are licensed in all 50 states and work with leading national insurers to provide business owners with a range of coverage options. Simply Business has received positive reviews from customers and is accredited by the Better Business Bureau.

How do I file a Simply Business insurance claim?

To file a Simply Business insurance claim, business owners should contact the insurance company that provided their policy directly. Simply Business provides policy details and contact information for the insurance provider on their website. It's important to review the policy details and contact the insurance provider as soon as possible after an incident occurs.

What is the Simply Business app used for?

The Simply Business app allows business owners to manage their insurance policies on-the-go. The app provides access to policy details, documents, and contact information for the insurance provider. Business owners can also use the app to request a quote, purchase a policy, and manage their account information.