The General Liability Insurance for Businesses - Hiscox is a well-known business insurance provider that offers basic coverage such as general liability insurance as well as a business owner's policy. Hiscox policies can be purchased online, through independent insurance agents, or Geico. The company is based in Bermuda and is publicly traded on the London Stock Exchange.
About Hiscox Providers
As The General Liability Insurance for Businesses, Hiscox's small-business insurance policies have been primarily geared toward professional services firms like accountants as well as consultants, though the business also provides packages for beauty, fitness, and health businesses. If you need liability insurance and desire to work with a reputable company, it's worth your time to get a quote from Hiscox online.
Hiscox will relate you to partner websites to obtain quotes from other providers for other types of coverage, such as commercial auto insurance and workers' compensation insurance. Hiscox may not be the best choice if you want to purchase all of your insurance policies through the same company.
Hiscox Provides General Liability Insurance for Businesses: Pros and Cons
Here are the pros and cons of Hiscox Provide as The General Liability Insurance for Businesses:
Pros
Online quotes and policy purchases are possible.
When you purchase additional or more Hiscox products, you can get a 5% discount. There is a 14-day money-back guarantee.
Professional liability insurance covers work performed anywhere in the world.
Cons
Hiscox may not be able to provide you with all of the coverage you require.
There is no coverage in Alaska, and business owners' policies are unreachable across several states.
Business founder's policies are typically only available to companies with 10 or fewer employees.
Hiscox commercial insurance coverage options
For small-business owners, this General Liability Insurance for Businesses provides the following coverage options:
General responsibility.
Professional responsibility.
The policy of the company's owner.
Cybersecurity insurance.
Hiscox can assist you in puthe rchasing other kinds of coverage through collaborations with other providers in addition to those primary business insurance products.
Hiscox's collaboration with insurance marketplace CyberPolicy makes commercial auto insurance, workers' compensation insurance, directors as well as officers' insurance, umbrella, and hiring practices liability insurance available. You can enter information about your company and start comparing quotes from various insurance providers.
Hiscox collaborates with the startup Thimble to provide short-term liability insurance.
You will be linked to Now Insurance, a commercial agency, for medical malpractice coverage.
Except for Alaska, Hiscox does business in every state, though the availability of particular types of policies varies by state. The company provides coverage to companies in over 180 industry sectors.
General liability insurance from Hiscox
Hiscox Insurance provides general liability insurance with limits that tend to range from $300,000 to $2 million. You can apply online or by phone, and your policy as well as a certificate of insurance are emailed to you, which is convenient if you need to quickly send them to a client as proof of insurance.
Professional liability insurance from Hiscox (errors and omissions insurance)
Hiscox professional liability insurance protects businesses from actual or alleged omissions and errors in the professional services as well as advice they provide. If your company offers services to customers for a fee, you may require this type of insurance coverage.
Hiscox uninsured motorist coverage range from $250,000 to $2 million, and you can tailor coverage to your company's and industry's specific needs. Hiscox also covers claims for work done anywhere in the world, though the claim must be submitted in the United States, a U.S. territory, or Canada.
Hiscox commercial property insurance
A Hiscox business owner helps the policy general liability insurance with real estate insurance to cover damage to your equipment and furnishings in up to five locations. Deductibles for building as well as business-related equipment losses range from $500 to $10,000.
You can tailor these policies to include:
The office was damaged by fire.
Loss of data
Hired as well as non-owned vehicles
Terrorism.
Employee deception.
Hiscox business owner's insurance, on the other hand, does not cover vehicles or boats, failures to protect personal information, incorrect or incomplete advice you provide to clients or any advisory services you provide.
It's also not available to companies with more than ten employees, or in Alaska, Florida, Kansas, Delaware, Rhode Island, Washington, or West Virginia.
How to Obtain a Hiscox Commercial Insurance Policy
On Hiscox's website, you can obtain a business insurance quote by providing a few details such as your company name, physical address, and years in business. Depending on your company and coverage you choose, you may also be required to provide revenue as well as payroll estimates, in addition to gross sales figures.
Hiscox business owner's insurance, on the other hand, does not cover vehicles or boats, failures to protect personal information, incorrect or incomplete advice you provide to clients or any advisory services you provide.
It's also not available to companies with more than ten employees, or in Alaska, Florida, Kansas, Delaware, Rhode Island, Washington, or West Virginia.
Hiscox regulations may also be sold by local business insurance agents.
NerdWallet recommends obtaining quotes from multiple business insurance providers to find the policy that best meets your needs.
Should you go with Hiscox for commercial insurance?
Hiscox is an excellent choice for business owners who:
Want to collaborate with a well-known brand: Hiscox has been in the insurance business since 1901.
Work on a global scale: Hiscox professional liability insurance covers work done anywhere in the world, as long as the claim is made in a covered jurisdiction.
Working with several insurance companies isn't a problem: Hiscox only underwrites a few policies for small-business owners. If you require commercial auto or workers' compensation insurance, as many business owners do, you'll have to handle policies from another insurer in addition to Hiscox.
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