PolicySweet Business Insurance Review

Coverage Options

PolicySweet doesn't offer as many types of business insurance coverage as some of its competitors, but it does offer two of the most important types. Its Business Owners policy includes general liability coverage as well as commercial property coverage and cyber insurance. This protects your business against data breaches, copyright or trademark infringement, and data destruction or corruption. It also covers food spoilage, equipment breakdown, and loss of business income, among other things. This will appeal to small to medium-size business owners who want a simple policy that covers all their bases.

The company's workers' compensation insurance policy helps business owners pay for any employees' medical expenses if they become sick or injured due to a work-related incident. This includes lost wages, medical bill, and disability insurance coverage that complies with your state's laws. It also contains employers' liability coverage to pay for other expenses you're found liable for that are not covered under the typical workers' compensation coverage.

Financial Strength

PolicySweet's business insurance policies are underwritten by Great American Insurance Company, which has an A+ rating with A.M. Best. This is the second-highest of A.M. Best's 16 financial ratings and it indicates that Great American Insurance Company and, by extension, PolicySweet shouldn't have any trouble paying out your claims when the time comes. It has also received strong ratings from other independent agencies, like Moody's, which further suggest that the company is in a strong financial position.

Cost

You can begin the quote process on PolicySweet's website, but after entering some basic information, you must contact the company to complete the quote and discuss pricing options. Your policy's costs will vary to some extent based on where you live, what kind of coverage you want, and how many employees you have, so it's difficult to give a ballpark number as to how much you'll pay. Your best bet is to set aside a few minutes to call PolicySweet and get a complete quote. After you've filled out the online quote, PolicySweet will give you a quote number to give your representative when you call to save time while collecting your personal information.

Customer Service

You can reach out to PolicySweet by phone between the hours of 9 am and 9 pm EST with questions or to get a quote. You can also reach out to the company via email if you have less pressing concerns. When you need to file a claim, you may contact the company at any time using the dedicated phone numbers for claims representatives.

There aren't many reviews of PolicySweet's services online, so it's difficult to gauge what experiences customers have had, but there's nothing to suggest that those who purchase a business insurance policy through PolicySweet are unhappy with its service.