Jane Dotson
Nationwide offers commercial insurance to protect businesses from various risks and unexpected events. Commercial insurance, also known as business insurance, covers a wide range of incidents, including lawsuits, property damage, theft, and employee injuries. Nationwide's commercial insurance includes general liability insurance, commercial property insurance, workers' compensation insurance, and commercial auto insurance. The company provides tailored coverage across various industries, including agribusiness, small businesses, and specialty markets. With nearly 100 years of experience, Nationwide is a trusted partner for commercial insurance, offering protection and peace of mind to businesses of all sizes.
| Characteristics | Values |
|---|---|
| Company | Nationwide |
| Type of Insurance | Commercial Insurance, also known as Business Insurance |
| Industries Covered | Numerous, including agribusiness, marine and boat dealers, contractors, financial institutions, healthcare, etc. |
| Business Size | Small, Medium, Large |
| Coverage | Lawsuits, Property Damage, Employee Injuries, Theft, Cyberattacks, Data Breaches, etc. |
| Features | Tailored coverages, Risk management solutions, Specialty insurance, Commercial auto insurance, Workers' compensation, etc. |
| Availability | Across the US, except Alaska, Hawaii, Louisiana, and Oklahoma |
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What You'll Learn
Commercial property insurance
Nationwide offers commercial insurance, also known as business insurance, to protect businesses from various risks and unexpected events. Commercial property insurance is a type of business insurance that helps protect your business property, such as buildings and equipment, from damage or loss due to covered events such as fire, lightning, wind, hail, theft, or vandalism. It also covers outdoor fixtures such as signs and fencing.
Nationwide offers commercial property insurance that can protect your business against everything from minor hiccups to major losses. Their policies are customizable and can be tailored to your specific needs. They also provide free tools and resources to help business owners start, grow, and run their businesses.
When considering commercial property insurance, it is important to note that the cost may vary depending on factors such as the location of your business, the construction materials used, occupancy rates, and the presence of safety features. It is recommended to consult with an insurance agent to ensure that your property is adequately insured and to determine the appropriate type of coverage, whether it be replacement cost or actual cash value.
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General liability insurance
Nationwide offers a full range of insurance and financial services, including commercial insurance. Commercial insurance, also known as business insurance, is designed to protect businesses from various risks and unexpected events.
Nationwide offers customizable basic plans for general liability insurance, allowing business owners to select the coverage they need. Their agents work with business owners to determine the right type of commercial liability insurance for their specific needs. This includes providing endorsements or add-on coverages to the basic policy, such as protection from claims involving fire damage, liquor liability, cyber attacks, and more.
The cost of general liability insurance will depend on the amount of risk your business is exposed to. By assessing your business's unique risks and needs, you can determine the right amount of coverage. Nationwide provides licensed agents to help business owners choose the appropriate insurance package, ensuring they get the best coverage at a relatively small investment.
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Workers' compensation insurance
Nationwide offers commercial insurance to help protect businesses from various risks and unexpected events. This includes workers' compensation insurance, which provides medical and wage benefits to people who are injured or become ill at work. This type of insurance is mandated by each state and can vary in terms of coverage and requirements, depending on factors such as the number of employees and the industry. For example, business owners, volunteers, and independent contractors are typically excluded from workers' compensation insurance, which is designed to protect employees.
Nationwide has been offering workers' compensation coverages for over half a century and provides a broad range of industries with competitive pricing for small and midsize businesses. They also offer additional commercial liability insurance options to meet specific business needs, such as property, liability, and auto insurance. Their Risk Management team provides strategies to help reduce workers' compensation costs, emphasizing the importance of prompt reporting of workplace injuries to lower claims costs and avoid penalties.
Nationwide's workers' compensation insurance programs utilize innovative technology, such as wearable devices, to reduce worker injuries and maximize policy dividend savings. They also offer a full-service payroll platform for small and medium-sized businesses with hourly workers, ensuring accurate workers' compensation premiums. Additionally, Nationwide provides specialized programs for industries with unique challenges, such as fire suppression, alarm installation, pest control, and government service contractors.
Nationwide's online Workers' Compensation Customer Portal allows businesses to easily report and manage their claims. This service is available 24/7, providing convenience and accessibility to businesses needing to file a claim. Overall, Nationwide's workers' compensation insurance aims to protect both employers and employees, offering a range of solutions to meet the specific needs of different businesses and industries.
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$5.44
Commercial auto insurance
Nationwide, a Fortune 100 company, offers commercial auto insurance as part of its business insurance services. They provide tailored coverage for small, medium, and large businesses, ensuring that vehicles used for business operations are protected. Nationwide's commercial auto insurance covers injuries caused by or to you or your employees while driving on business, up to the policy limits. They recommend having at least $500,000 in liability coverage per vehicle to avoid being underinsured.
Nationwide's commercial auto policy can be customized to meet the specific needs of your business. They offer 24/7 emergency assistance, including fuel delivery, tire changes, jump starts, and towing services. Repairs made through their On Your Side Auto Repair Network come with a written guarantee for as long as you own or lease the vehicle.
When considering commercial auto insurance, it's important to note that factors such as profession, coverage needs, vehicle type, and location can influence the cost of the policy. Additionally, the driving records of individuals operating the vehicles can impact premiums, with a history of accidents or violations resulting in higher rates. Understanding these factors is crucial for businesses seeking comprehensive and competitively priced coverage.
Nationwide provides specialized solutions for businesses, helping protect their assets, employees, customers, and future operations. Their commercial auto insurance is designed to meet the unique needs of different industries, ensuring that businesses are adequately protected while operating their vehicles.
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Specialty insurance
Nationwide offers specialty insurance for businesses or industries with unique coverage needs that are not sufficiently covered by standard insurance policies. This includes Excess & Surplus (E&S) insurance, which covers areas that standard carriers won't, such as mobile homes, day care centres, and oil companies.
Nationwide's specialty insurance covers a range of areas, including property and casualty, management lines, and personal lines. They also provide specialised expertise to protect businesses from complex and emerging risks. For example, Nationwide's commercial insurance covers businesses from various risks and unexpected events, including lawsuits, property damage, theft, and employee injuries. This includes general liability insurance, commercial property insurance, workers' compensation insurance, and commercial auto insurance.
Nationwide also provides tailored coverage for specific industries, such as agribusiness insurance, and offers free tools and resources to help business owners start, grow, and run their businesses. They also offer risk management solutions, including protection for shared/layered property, recreational marine businesses, and boat dealers.
Nationwide's specialty health services include health care, behavioural health, accident and health, and workers' compensation. These services are designed to help businesses protect their employees in the event of occupational injury or illness, covering medical treatment and death benefits.
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Frequently asked questions
Yes, Nationwide offers commercial insurance, also known as business insurance, to small, midsize, and large businesses across a variety of industries.
Commercial insurance from Nationwide can cover a wide range of incidents, including lawsuits, property damage, theft, and employee injuries. It can also include more specialized coverage, such as commercial auto insurance, workers' compensation, and commercial property insurance.
You can get an online quote from Nationwide in just 10 minutes by visiting their website. After that, you can call them to complete the purchase with an agent. In some cases, you may even be able to complete the purchase online.
Nationwide is a Fortune 100 company with strong ratings and nearly 100 years of experience. They provide commercial insurance to half a million small businesses across the country and offer a variety of products and services. They also provide free tools and resources to help business owners start, grow, and run their businesses.
Specialty insurance is a type of solution for businesses or industries with specific risks that are not sufficiently covered by standard insurance policies. Nationwide does offer specialty insurance through their E&S (Excess & Surplus Lines) Brokerage, which serves to protect customers from complex risks.
