Commercial Insurance companies provide coverage for several types of industries such as; the retail, wholesale, manufacturing, professional, importing, environmental and energy companies.
The best way to select an insurance company is by checking its A.M. Best rating which is an established insurance rating agency.
Insurance Company Rating Scale:
| Secure | Vulnerable |
| A++, A+ (Superior) | B, B- (Fair) |
| A, A- (Excellent) | C++, C+ (Marginal) |
| B++, B+ (Good) | C, C- (Weak) |
| D (Poor) | |
| E (Under Regulatory Supervision) | |
| F (In Liquidation) | |
| S (Rating Suspended) |
Financial Size Category: |
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| Class | Adj. PHS ($ Millions) | Class | Adj. PHS ($ Millions) | |
| I | Less than 1 | IX | 250 to 500 | |
| II | 1 to 2 | X | 500 to 750 | |
| III | 2 to 5 | XI | 750 to 1,000 | |
| IV | 5 to 10 | XII | 1,000 to 1,250 | |
| V | 10 to 25 | XIII | 1,250 to 1,500 | |
| VI | 25 to 50 | XIV | 1,500 to 2,000 | |
| VII | 50 to 100 | XV | 2,000 or greater | |
| VIII | 100 to 250 | |||
Commercial Business Insurance is mainly sold through a network of agents and brokers. Each policy is manually underwritten just like to home mortgage. An application is required for any line of insurance. Depending on the complexity of the risk and the exposure amount, quotes can be generated quickly. It is also important to select an insurance broker who understands your business. We believe that if we can not understand your business then we have no business insuring it.
For more information of commercial insurance companies please contact us or call (877) 225-2699.
