The Cbiz And Farmers Insurance Merger: A New Era Of Comprehensive Business Solutions

CBIZ and Farmers Insurance are both insurance companies that offer a range of insurance products and services. CBIZ is known for providing short-term rental insurance for vacation home rentals, while Farmers Insurance is a well-established insurer of vehicles, homes, and small businesses. Farmers Insurance has a wide network of agents and employees and is recognised as the trade name for three reciprocal exchanges: Farmers, Fire, and Truck. The company has a long history, dating back to 1928, when it was founded by John C. Tyler and Thomas E. Leavey, who believed that farmers and ranchers deserved lower insurance premiums due to their better driving records. CBIZ, on the other hand, is recognised as the largest insurer of vacation rental properties in the US, offering a single policy that serves as both standard home insurance and rental insurance for guests. While both companies operate in the insurance industry, they cater to different segments, with Farmers Insurance focusing on a broader range of insurance types and CBIZ specialising in short-term rental insurance for vacation homes.

Farmers Insurance offers coverage for vehicles, homes, and small businesses

Farmers Insurance has been in the business for over 90 years, providing insurance products for vehicles, homes, and small businesses. The company offers customizable insurance packages to reduce risk and protect investments.

Vehicle Insurance

Farmers Insurance offers vehicle insurance for personal and commercial use. Their personal auto insurance policies cover liability, collision, comprehensive, uninsured/underinsured motorist, medical payments, personal injury protection, roadside assistance, rental car reimbursement, and more.

For commercial vehicles, Farmers Insurance provides coverage options that reduce risk and improve operations. Their commercial auto insurance helps protect against risks such as accidents caused by employees in their own cars on company business, accidents caused by uninsured/underinsured drivers, and environmental damage caused by fuel spills from company vehicles.

Home Insurance

Farmers Insurance provides home insurance for homeowners, renters, and landlords. Their homeowners insurance covers damage to the home caused by disasters such as fires, as well as offering discounts and benefits. Renters insurance protects personal belongings in the event of a fire or other covered causes of loss. Landlord and rental property insurance help protect investment properties and prevent costly tenant issues.

Small Business Insurance

Farmers Insurance offers a range of insurance options for small businesses, including commercial property insurance, general liability insurance, commercial crime insurance, commercial auto insurance, workers' compensation, business umbrella insurance, and life insurance. Their policies can be customized to meet the unique needs of different industries, such as apartment buildings, restaurants, food trucks, and retail stores.

Farmers Insurance also provides "cheat sheets" that outline industry-specific insurance options and suggest coverage based on typical risks for various types of businesses. Their agents, who are also small business owners, can offer insights and help business owners choose the right coverage for their companies.

The company provides business insurance in 36 states

CBIZ and Farmers Insurance are two distinct companies that offer insurance products. CBIZ is known for providing insurance services, including commercial insurance for vacation rental properties in all 50 states. On the other hand, Farmers Insurance is a prominent insurer of vehicles, homes, and small businesses, with a presence in all 50 states.

Farmers Insurance, a well-known name in the insurance industry, provides business insurance in 36 states across the country. The company understands that each business has unique coverage needs and offers customizable policies to meet those specific requirements. Whether you own a restaurant, a retail store, or any other type of enterprise, Farmers Insurance can help you protect your business assets.

The company's business insurance offerings include a range of coverage options. Commercial property insurance from Farmers protects your business property from damage caused by weather events, fire, and other hazards. It also includes business personal property coverage for repairing or replacing items such as computers, tools, and inventory. Additionally, business interruption insurance is included to cover lost income and operating expenses in the event of a covered loss.

General liability insurance is another crucial component of Farmers' business insurance. This coverage protects your business in the event of third-party claims for bodily injury or property damage, such as a customer slipping and falling on your premises. Farmers' liability insurance also includes additional coverages like product and completed operations insurance, cyber liability and data breach coverage, and employment practices liability coverage.

Farmers Insurance also offers commercial crime insurance, commercial auto insurance, workers' compensation, business umbrella insurance, and even life insurance for small businesses. Their "cheat sheets" provide industry-specific insurance options and suggestions based on the type of business, helping business owners make informed decisions about their coverage needs.

The company has a network of local agents who can assist business owners in obtaining quotes and purchasing policies. While Farmers does not offer online quotes or purchases, their agents provide personalized service and support to help you navigate the process.

Farmers Insurance's business insurance is particularly advantageous for those who already have home or auto insurance with the company, as they can benefit from multiline discounts. The company's customer service includes 24/7 claim services and payment centers, along with online options for filing claims, making payments, and requesting business insurance auto ID cards.

Farmers Insurance has more than 48,000 exclusive and independent agents

Farmers Insurance Group has more than 48,000 exclusive and independent agents and approximately 21,000 employees. It is an American insurance group that provides coverage for vehicles, homes, and small businesses, as well as other insurance and financial services products.

Farmers Insurance was founded in 1928 by John C. Tyler and Thomas E. Leavey, who believed that farmers and ranchers, with their better driving records, deserved lower insurance premiums. The company has since expanded to offer a wide range of insurance products, including auto, home, and business insurance.

The company is headquartered in Los Angeles, California, and is made up of three reciprocal insurers: Farmers Insurance Exchange, Fire Insurance Exchange, and Truck Insurance Exchange. These exchanges are owned by their policyholders and, together with their subsidiaries and affiliates, comprise the Farmers Insurance Group of Companies.

Farmers Insurance Group is a wholly-owned subsidiary of the Zurich Insurance Group, a Swiss-based company. Over the years, Farmers Insurance has acquired several other insurance companies, including Foremost Corporation of America, Bristol West Holdings, and 21st Century Insurance.

The large network of agents allows Farmers Insurance to provide personalized service and support to its customers. The company also offers a mobile app for customers to access their policies, pay bills, and report claims conveniently.

With its extensive history, nationwide reach, and diverse range of insurance products, Farmers Insurance has established itself as a prominent player in the insurance industry in the United States.

The company offers landlord insurance, which includes liability insurance and comprehensive property coverage

Farmers Insurance Group, commonly known as Farmers, is an American insurance company that offers a wide range of insurance products, including landlord insurance. This type of insurance is designed to protect individuals who own and rent out residential or commercial properties. It covers risks such as property damage, liability protection in the event of injuries or property damage, and loss of rental income.

Farmers' landlord insurance stands out for its comprehensive coverage and optional add-ons. Their policies can be customized to include various types of protection, such as:

• Liability insurance: This covers the property owner in case of injuries or property damage on the rental premises. For example, if a tenant trips over a garden hose and breaks their wrist, liability insurance can help cover hospital bills and lost wages if the owner is found legally responsible.
• Comprehensive property coverage: This helps protect the property from damage caused by covered events such as storms, burst pipes, or fire. For instance, if a storm damages the siding of the rental property, comprehensive property coverage can help with the necessary repairs.
• Loss of rents coverage: If the rental property becomes uninhabitable due to a covered event, such as a fire or storm, this coverage reimburses the landlord for the lost rental income during that period.
• Personal property coverage: This protects any personal belongings stored on the rental premises, such as appliances, tools, or furniture, in case of damage or theft.
• Other structures coverage: This covers structures that are not physically connected to the main residence, such as garages, sheds, swimming pools, and driveways.

In addition to these coverages, Farmers also offers optional tenant screening through SmartMove, a service provided in partnership with TransUnion. This allows landlords to screen potential tenants quickly and reliably, helping to minimize risks and maintain the property's condition.

Farmers' landlord insurance is available in all 50 states and can be tailored to meet the specific needs of landlords, whether they own single-family homes, multi-unit complexes, or other types of rental properties. The cost of the insurance will depend on various factors, including the location, property type, and selected coverage options. Landlords can work with Farmers' agents to determine the right coverage for their needs and receive personalized quotes.

Farmers Insurance has been in business for over 90 years

Farmers Insurance has adapted to meet the changing needs of Americans over the years, but one constant has remained: its unwavering commitment to industry-leading products and first-rate services. The company prides itself on helping customers plan wisely for the unexpected and restore order when disasters occur. For example, during Hurricane Rita in 2005, Farmers Insurance brought in almost 300 insurance adjusters to assess exterior property damage and expedite the reconstruction effort. The company also provided $100,000 for the emergency operations center and two badly needed megawatt electric generators.

In addition to its financial strength, Farmers Insurance is also known for its excellent customer service. The company's knowledgeable claims representatives provide assistance as quickly as possible, and in the event of a large-scale disaster, Farmers may even dispatch a Catastrophe Response Team in a Mobile Claims Center bus to process claims on-site in real time. This level of care extends beyond just financial matters, as Farmers Insurance also focuses on fostering a diverse and inclusive workplace culture and giving back to the communities it serves.

Farmers Insurance offers a wide range of insurance products, including auto, home, life, and business insurance. The company also provides financial services and products such as mutual funds and variable annuities. With over 90 years of experience, Farmers Insurance has the knowledge and resources to help customers protect what matters most.

Frequently asked questions