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Simply Business Insurance Review: A Comprehensive Analysis

Simply Business is an online insurance broker founded in 2005 that connects small business owners with insurance coverage through partner companies. The company has offices in Boston and London and is owned by Travelers, a major U.S. business insurance provider.

Pros of Simply Business

  1. Multiple Carrier Options
    Simply Business works with various top-rated insurance carriers, allowing customers to compare quotes from different providers.
  2. Wide Industry Coverage
    The platform caters to a broad range of industries, making it suitable for many types of small businesses.
  3. User-Friendly Online Experience
    Customers can easily compare quotes and purchase policies online through a streamlined process.
  4. Same-Day Certificates of Insurance
    Simply Business offers quick access to proof of insurance through online accounts.
  5. Competitive Pricing
    Many users report finding affordable coverage options through the platform.

Cons of Simply Business

  1. Limited Customer Support Hours
    The company does not offer 24/7 customer service, with support unavailable on weekends except for limited Saturday hours.
  2. No Direct Claims Processing
    As a broker, Simply Business does not handle claims directly. Customers must work with the underwriting insurance company for claims.
  3. Limited Coverage Options
    Some types of business insurance, like commercial auto, may not be available through Simply Business.
  4. No Mobile App
    The company lacks a mobile app for business customers, which may inconvenience some users.

Coverage Options

Simply Business offers various insurance products, including:

  1. General Liability Insurance
  2. Professional Liability Insurance
  3. Business Owner’s Policy (BOP)
  4. Workers’ Compensation
  5. Tools and Equipment Insurance

Why Consider BizSelectInsurance.com as an Alternative

While Simply Business offers a convenient platform for small business owners, BizSelectInsurance.com provides several unique advantages:

  1. Advanced Technology Platform: BizSelectInsurance leverages Commercial Insurance Center’s cutting-edge platform to connect clients with a broad network of top-rated insurance carriers.
  2. Comprehensive Coverage Options: BizSelectInsurance offers a wide range of insurance solutions, including Business Owner’s Policy (BOP), Commercial Auto Insurance, Commercial Flood Insurance, Cyber Liability Insurance, and more.
  3. Expert Guidance: BizSelectInsurance aims to help businesses navigate the complexities of commercial insurance, providing expert assistance in finding the right coverage.
  4. Customized Solutions: The platform focuses on matching businesses with the most suitable insurance options for their specific needs and industry.
  5. Potential for Better Pricing: By comparing offers from various top-rated insurers, BizSelectInsurance may help businesses find more competitive rates.

Frequently Asked Questions About Simply Business

Simply Business is an online insurance broker, not an insurance carrier. Founded in 2005 in the United Kingdom and acquired by Travelers in 2024, it helps small business owners compare quotes from partner insurance carriers online. It operates offices in Boston and London.

Comparing quotes through Simply Business is free. You only pay the premium charged by the insurance carrier you choose for your policy.

Yes. Simply Business is a legitimate online insurance broker owned by Travelers, one of the largest business insurance providers in the United States. It connects customers with top-rated insurance carriers.

You answer a few questions about your business online, compare quotes from partner carriers, and purchase a policy through the platform. Many customers can access same-day certificates of insurance through their online account.

You can get a quote directly on the Simply Business website. To compare Simply Business with other top carriers in one place, you can also use BizSelectInsurance.com, where you may be matched with licensed insurance agents.

Conclusion

Simply Business offers a user-friendly platform for small business owners to compare and purchase insurance policies. However, BizSelectInsurance.com presents a compelling alternative, leveraging advanced technology and a wide network of carriers to provide comprehensive, customized insurance solutions. Before making a decision, it’s advisable to carefully review the offerings of both platforms to ensure you find the coverage that best meets your specific business needs.

How Simply Business Compares to Other Providers

ProviderParent CompanyFoundedKey ProductsPrice NoteBest For
Simply BusinessTravelers (acquired 2024)2005, United KingdomGeneral liability, professional liability, business owners policy, workers compensation via partner carriersFree to compare quotes; you pay the carrier premiumSmall businesses comparing multiple quotes online
HiscoxHiscox Ltd1901, United KingdomProfessional liability, general liability, business owners policy, cyber liabilityOnline quotes with competitive professional ratesConsultants and professional services
NEXT InsuranceERGO Group (Munich Re)2016, Palo Alto CAGeneral liability, workers compensation, commercial auto, business owners policyAffordable plans with monthly payment optionsFast digital-first coverage for small business
ThimbleArch Insurance (acquired 2023)2016, New York (as Verifly)Short-term general liability and professional liability by the hour, day, or monthPay only for the time you needFlexible short-term and project-based coverage

Compare Quotes from Simply Business and Other Top Carriers

BizSelectInsurance.com is a free online insurance marketplace. Fill out one short form and you may be matched with licensed agents offering quotes from Simply Business and other top-rated carriers, so you can compare coverage and pricing side by side before you buy.