Is Simply Business Insurance Legit for Small Businesses

Simply Business Insurance has been around since 2005, making it a well-established player in the insurance market for small businesses.

Their website is available in multiple languages, including English, Spanish, and French, indicating their commitment to serving diverse business communities.

Simply Business Insurance has an A+ rating with the Better Business Bureau (BBB), which suggests a strong reputation for customer satisfaction.

They offer a wide range of insurance products, including liability, professional indemnity, and equipment insurance, making them a one-stop-shop for many small businesses.

Simply Business Insurance has a team of experienced insurance experts who can help businesses find the right policies for their needs.

Their online quote system is user-friendly and allows businesses to get instant quotes, making it easy to compare policies and find the best deals.

In 2020, Simply Business Insurance was named one of the top 10 insurance brokers in the UK by the British Insurance Awards.

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Business insurance is a type of protection that covers a company's financial losses due to unforeseen events.

It helps protect a business from financial ruin in the event of an unexpected occurrence.

Simply Business is a business insurance provider that connects business owners with tailored quotes and coverage based on their business type. They offer multiple business insurance quotes online in just a few minutes by providing key business details.

You can get a quote by providing information such as your business type and legal structure, business location and years in business, and annual estimated revenue and payroll. All policies are underwritten and administered by third-party insurance companies.

Simply Business is best for small business owners who want to see options from multiple carriers or need help finding the right coverage for their specific needs.

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You can get a business insurance quote from Simply Business in just a few minutes by providing some basic information online.

The process is simple and has a promised response time of 10 minutes.

To start, you'll need to select your profession/industry and the state where you're located.

You can also call Simply Business on weekdays if you'd prefer to speak to a person.

The online form will ask you to clarify how and where you do business, giving you five options to consider.

You'll then be offered suggestions for typical coverage for businesses like yours, with the option to see other types of coverage available by opening a dropdown menu.

A chat option is available at this stage if you have questions.

You'll be prompted to enter your contact information once you've completed the online form, and you'll receive a business insurance quote from 16 different insurance providers.

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If you're a small business owner, you might be wondering who's best for your insurance needs. Simply Business is a great option for those who aren't sure what type of coverage they need.

They offer options from multiple carriers, making it easy to find the right fit for your business. This is especially helpful for small businesses in traditional industries that require specific coverage.

If you're not already working with an insurance agent, Simply Business can also be a good choice. Their platform is designed to help you find the right coverage for your needs, even if your business or location has recently changed.

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Simply Business makes it easy to get a policy for your business, requiring only basic information about your business, such as the type of industry and location.

To get started, you'll need to enter some basic information about your business, and Simply Business will generate quotes from its carriers that are tailored to the specific types of coverage that best meet your needs.

You can select a policy and submit any other necessary documentation directly with the provider or through Simply Business’ online portal.

Once you've selected a policy, you can make payments and manage your account online, making it convenient to keep track of your insurance details.

Simply Business has an extensive library of resources available on its website, including helpful articles on topics such as compliance and employer regulations that can help you choose the best policy and coverage limits for your business.

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Simply Business offers tailored quotes from its carriers that are specific to the types of coverage your business needs.

You can select a policy that meets your business's unique requirements, and then submit any necessary documentation to bind coverage.

The company's online portal allows you to make payments and manage your account directly, making it a convenient option for business owners.

Simply Business is a free insurance brokerage platform that connects small business owners with commercial insurance carriers. It's a game-changer for entrepreneurs who need coverage but don't know where to start.

The platform doesn't offer business insurance policies itself, but it has a few key features that make it a valuable resource. One of these features is its ability to generate quotes from multiple carriers, tailored to the specific needs of your business.

To get started, you'll need to enter some basic information about your business, such as the type of industry and location. This information helps Simply Business match you with the right insurance carriers.

Once you've selected a policy, you can submit any necessary documentation and bind coverage directly with the provider or through Simply Business' online portal. This makes it easy to get up and running with your new policy.

Simply Business also has an extensive library of resources available on its website, including helpful articles on compliance and employer regulations.

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Policy Exclusions are a crucial aspect of any business insurance policy. Simply Business doesn't impose its own policy exclusions since it doesn't issue policies.

Policy exclusions vary by provider and policy type. This means you'll need to review your specific policy to understand what's not covered.

Common exclusions include coverage for damages resulting from business owner negligence or malfeasance.

On-Demand Policy Modifications can be a game-changer for business owners who need to make changes to their policy quickly.

Simply Business doesn't handle policy modifications itself, so business owners must work directly with their carrier.

The ability to make on-demand policy modifications varies by provider and policy type, so it's essential to choose a provider that meets your business needs.

Whether and how a business owner can make changes to their policy depends on which provider they choose to work with, which type of policy they purchase, as well as any recent changes to the insured's business and industry.

Recent changes to a business and industry can affect policy modifications, so it's crucial to keep your provider informed of any changes.

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Simply Business doesn't have a lot of features to offer, so it scores a 3.2/5.0 in the Features category.

The company's lack of features is because it's an insurance brokerage and not an insurance carrier.

You'll do better looking for features like online claims filing or loss control and risk management planning with the carrier or agent you eventually receive coverage from.

Simply Business does offer an online dashboard to manage your policy.

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If you need to file a claim, you'll need to contact your chosen provider directly. Simply Business can't handle claims itself.

The process of filing a claim depends on the policy type and the provider's policies and procedures. This means you should check your policy documents and contact the provider for specific guidance.

You can find coverage through Simply Business, but they don't handle claims. This is something you'll need to do yourself.

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Simply Business insurance is a legitimate option for small business owners, but like any insurance provider, it has its pros and cons.

You can get quotes from multiple insurance providers through one website, making it easy to compare policies and find the best coverage for your needs.

One of the biggest advantages of using Simply Business is that premiums start at just $22.50 per month, which is lower than many other online insurance brokers.

Simply Business also offers extensive online resources, including a resource library that outlines coverage needs for different business types.

However, one potential drawback is that all business insurance policies are through a third-party provider, which may require a phone call to get a final quote.

Additionally, Simply Business does not handle claims, so you'll need to work directly with the carrier that issued your policy if you need to file a claim.

Here are some key pros and cons to consider:

Overall, Simply Business insurance can be a good option for small business owners who want to save money on premiums and have access to a range of insurance providers.

If you're not sold on Simply Business, there are other options to consider. Embroker is a viable alternative, specializing in niche businesses and industries like startups, law firms, and cannabis-related companies.

Embroker differs from Simply Business in its carrier partnerships and processes. It provides a client login and helps users file and manage claims, a feature Simply Business lacks.

If you're looking for more alternatives, you can explore other online platforms that connect business owners with insurance coverage.

You can obtain an insurance policy from Simply Business if you are in any of the 50 U.S. states or Washington D.C. Some products may not be available in all 50 states.

Simply Business covers a wide geographic area, including all 50 U.S. states and Washington D.C.

If you're planning to purchase an insurance policy from Simply Business, you'll need to check if the specific product you're interested in is available in your state.

You can rest assured that Simply Business has got you covered, no matter where you are in the country.

If you're looking for alternatives to Simply Business, consider your business type and size. Simply Business is most competitive with construction and Main Street companies, and it highlights specific business types on its website, including beauty and cosmetology, ecommerce, and landscaping.

For smaller businesses, including sole proprietors, Simply Business offers affordable options with an advertised starting price of around $26/month for coverage. This makes it a great option for self-employed workers and independent contractors.

However, larger businesses with complex insurance needs may find better options with another insurance brokerage or by working directly with an insurance agency. Simply Business doesn't have any restrictions on business type or size, but its relatively limited coverage types may not be sufficient for more complex businesses.

If you're a small business owner or sole proprietor, consider the following business types that Simply Business highlights: beauty and cosmetology, ecommerce, landscaping, and more. These industries are well-suited for Simply Business's services.

Here are some specific business types that Simply Business is competitive with:

Simply Business and Embroker are two online platforms that connect business owners with insurance coverage. Embroker specializes in niche businesses and industries, such as startups, law firms, and cannabis-related companies.

Embroker works with different carriers than Simply Business. This means you may have more options for finding the right insurance plan for your specific business needs.

Embroker provides a client login, which allows you to manage your account and file a claim if necessary. Simply Business does not offer this feature.

Both Embroker and Simply Business are managing general agents, but they have different processes in place. This may affect how you interact with each platform.

If you decide that Simply Business is not for you, here are some common alternatives for you to consider.

You can also consider Direct Line for Business, which offers a range of insurance policies for small businesses.

Another option is Zurich Business Insurance, which provides flexible coverage options and expert advice.

If you're looking for a more personalized approach, you may want to explore Hiscox Business Insurance, which offers tailored policies and dedicated customer support.

If you're shopping for business insurance, you may have a choice between working with an insurance broker or an insurance agent. They're not interchangeable terms, but rather different roles that serve the same purpose.

An insurance agent represents one or more insurance carriers and helps customers purchase coverage from one of those carriers. This is in contrast to an insurance broker, who represents the customer and plays an advisory role in finding the right coverage at the right price.

Insurance brokers don't cover customers directly. Instead, they'll provide quotes and hand you over to an insurer or insurance agent to secure coverage.

Here's a simple breakdown of the difference: