Progressive Insurance is helping small business owners get a leg up on
their competition. The company has doubled the available liability
limits of its Commercial Auto policies. It now offers options for $1.5
or $2 million. With these limits, business owners won’t need to buy a
separate, costly umbrella policy to meet the liability requirements for
“We’ve seen business owners struggle at times with liability
requirements on larger projects,” said Cory Fischer, commercial auto
product manager at Progressive. “Let’s say a business owner with a
standard $1 million policy wins a bid for a large project, but the
contract requires $2 million in liability. The business owner’s best
option might be to buy a $1 million umbrella policy to make up the
difference. Sure, it meets the contract requirements. But because most
umbrella policies have a minimum premium requirement, it comes at quite
a cost—often up to $1,000 of premium for what otherwise might be just
$200 worth of coverage.”
With this option, business owners get the limits they need. And because
it’s on top of the standard limits already on their policy, they pay
only incrementally more. This is particularly valuable for businesses
that are predominately vehicle-based, such as for-hire trucker’s whose
shippers require $2M in liability coverage or a trucker hauling
aggregate from a quarry to a road construction site.
Adds Cory, “They save time, too. Rather than having to start at square
one to buy an additional umbrella policy, business owners can simply add
the higher limits to an existing Progressive policy. Or, they can
specify those limits when they buy a new Progressive policy.”
Companies can get a quote from a local independent agent or at http://www.ProgressiveCommercial.com.
The Progressive Group of Insurance Companies makes it easy to
understand, buy, and use auto
insurance. Progressive offers choices
so consumers can reach us whenever, wherever, and however it’s most
convenient for them—online at progressive.com, by phone at
1-800-PROGRESSIVE, or in-person with a local agent.
Progressive offers insurance for personal and commercial autos and
trucks, motorcycles, boats, recreational vehicles, and homes. It’s the
fourth largest auto insurer in the country, the largest seller of motorcycle
insurance, and a leader in commercial
auto insurance. Progressive also offers car
insurance online in Australia at http://www.progressiveonline.com.au.
Founded in 1937, Progressive continues its long history of offering
shopping tools and services that save customers time and money, like
Name Your Price®, the Snapshot Discount®, and a
concierge level of claims service.
The Common Shares of The Progressive Corporation, the Mayfield Village,
Ohio-based holding company, trade publicly at (NYSE:PGR).