Simply Business is an online commercial insurance broker that offers tailor-fit insurance solutions to small and midsize businesses. Founded in London in 2005, it expanded to the United States in 2016 and now covers more than 600,000 policyholders in both countries. It provides customized plans and is best for those who are looking to compare coverages from multiple providers.
Simply Business Pros and Cons
Lets you compare insurance products from multiple providers
Does not write its own insurance policies
Offers fast online quotation
Relatively new in the industry compared to its competitors
Has a user-friendly website
Does not offer online claims processing and payments
Who Simply Business Is Best For
- Business owners who want to compare coverages from different providers: Simply Business does indeed make your insurance shopping simple by letting you fill out a 10-minute online form and matching you with multiple insurers according to your business needs.
- Small to midsize businesses: It focuses on offering fast and flexible policies to help sole proprietors, self-employed individuals, and companies.
- Landlords and contractors: The company has a set of business insurance coverages specifically designed to protect landlords, contractors, and subcontractors. These include carpenters, handymen, plumbers, painters, cleaners, and more.
Simply Business Pricing
Being an insurance broker, Simply Business does not disclose any costs and details about the policies it offers. However, it states that there are several factors that can affect the cost of your plan. These include your business trade or specialties, the type of services you provide, business location, number of employees you have, and estimated revenue.
You may request an online quote from its website, or you may speak to one of its specialists over the phone at 844-654-7272 to get your customized plan.
Simply Business Alternatives 2020
Industry-leading customer care and specialized packages at competitive prices
All industry-specific general liability, professional liability, and workers' compensation
Independent contractors and sole proprietors who seek coverage tailored to professional needs
Delivery and transportation businesses that require affordable commercial auto insurance
Pay-as-you-go workers’ compensation and liquor liability
Startups that have raised capital and need directors and officers policies and cannabis insurance
Time-strapped business owners who want to be matched with a local carrier immediately
Life and disability insurance
Simply Business Features
Simply Business’ features and services are designed to make its clients’ experience easier. Listed below are some of its most notable ones.
While Simply Business does not have local agents that you can speak with personally, it offers a broad range of coverage nationwide. It is a licensed insurance producer in all states in the US and the District of Columbia.
Simply Business prides itself with its 10-minute online quotation tool, which helps you get matched with multiple insurers. This allows you to compare and choose which policy best suits your business needs—all in one place.
Partners with trusted insurance providers
The company states that it only works with modest insurance partners, which include CNA Insurance, Travelers Insurance, Markel Insurance, ABIC Insurance, Acadia Insurance, Harborway Insurance, and Hiscox Insurance.
The company stayed true to its name, maintaining a simple yet informative website. It makes your browsing easy by categorizing its offerings into coverage type, business classification, and ownership type. It also has a resource center, called Simply U, where you can read blogs and advice that you can use to improve your business strategies, get through difficult company situations, know the right insurance coverage for you, and more.
Most Helpful Simply Business Reviews
As of this article’s writing (May 26, 2020), there are no recent Simply Business reviews for its US coverage. Most of the reviews available online came from its customers in the United Kingdom. If you are a past or current Simply Business client, then leave a review to help other business owners who are deciding whether or not to use the company.
Simply Business Frequently Asked Questions (FAQs)
Every business situation is unique, and small business owners should seek out answers before selecting an insurance provider. We’ve gathered some of the most FAQs about Simply Business below and answered them.
How do I file for a claim?
To file for a claim, you will need to get in touch with your insurance carrier and follow its claims process. Simply Business is only a broker and cannot process claims on your behalf. It can, however, assist you with your policy information and documents should you need a copy upon processing a claim.
What industries does Simply Business cater to?
It serves a wide range of industries, such as advertising, digital marketing, education, information technology, and real estate, among others.
Our Top Business Insurance Provider Picks
In case you still are not sure if Simply Business is right for you, then this article on the best small business insurance companies is a review of our top choices. In this guide, we reviewed several providers and narrowed them down to our top picks based on key criteria like coverage types, customer service, and pricing.