Normandy Insurance Company Review (2024)

In this informative article, we delve into the world of Normandy Insurance Company, a trusted name in the insurance industry, that provides a diverse range of coverage options to safeguard businesses and their assets.

We explore their comprehensive suite of insurance offerings, including workers’ compensation, general liability, commercial auto, property insurance, and commercial umbrella policies, tailoring solutions to meet the unique needs of clients.

Normandy’s commitment to customer-centric service, competitive rates, and efficient claims processing sets them apart. With a focus on safety, customizable coverage, and a reputation for financial stability, Normandy Insurance emerges as a dependable partner in protecting businesses.

Client testimonials further attest to their excellence. Whether you’re seeking foundational coverage or specialized industry solutions, Normandy Insurance Company stands ready to deliver peace of mind to businesses across various sectors.

Normandy Insurance Company Insurance Coverage Options

Normandy Insurance Company offers a comprehensive range of coverage options designed to meet the diverse needs of businesses across various industries. Here is a bullet list of the coverage options typically offered by Normandy:

• Workers’ Compensation Insurance: Provides coverage for workplace injuries and illnesses, including medical expenses and lost wages for employees. It also helps protect businesses from legal liabilities related to employee injuries.
• General Liability Insurance: Protects businesses against claims of bodily injury, property damage, and personal injury. It’s a foundational coverage that safeguards against various liabilities.
• Commercial Auto Insurance: Tailored for businesses that rely on vehicles, this coverage protects commercial vehicles and drivers, offering peace of mind on the road.
• Property Insurance: Covers physical assets, including office spaces, inventory, and equipment, against unexpected disasters like fire, theft, or vandalism.
• Commercial Umbrella Insurance: Provides additional liability coverage beyond the limits of other liability policies, ensuring extended protection when needed most.
• Professional Liability Insurance: Protects businesses and professionals from claims of negligence or errors and omissions in their services. Commonly sought by professionals like doctors, lawyers, and consultants.
• Cyber Liability Insurance: Safeguards businesses from the financial repercussions of data breaches and cyberattacks, including data recovery, legal costs, and customer notification expenses.
• Employment Practices Liability Insurance (EPLI): Covers businesses against claims related to employment practices, such as wrongful termination, discrimination, or harassment.
• Directors and Officers (D&O) Insurance: Protects the personal assets of directors and officers in case they are personally sued for decisions made on behalf of the company.
• Business Interruption Insurance: Provides coverage for lost income and extra expenses incurred during a covered event that forces a business to temporarily close or relocate.
• Equipment Breakdown Insurance: Covers the cost of repairing or replacing damaged equipment due to mechanical breakdown or electrical failure.
• Inland Marine Insurance: Protects property that is in transit or temporarily stored at locations other than your primary business premises, such as tools, equipment, and valuable goods.
• Professional Liability Insurance: Also known as Errors and Omissions (E&O) Insurance, this coverage is essential for businesses that provide professional services. It protects against claims of negligence, errors, or omissions in the services provided.
• Crime Insurance: Safeguards against financial losses resulting from criminal activities such as theft, fraud, or embezzlement committed by employees or third parties.
• Environmental Liability Insurance: Covers the costs associated with environmental cleanup and damages resulting from pollution or contamination.
• Surety Bonds: These are financial guarantees that ensure contractual obligations are met. Normandy may offer various types of surety bonds, including performance bonds and bid bonds.

These coverage options are designed to be tailored to the specific needs of businesses, and Normandy works closely with clients to create insurance packages that provide optimal protection while remaining cost-effective.

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Normandy Insurance Company Insurance Rates Breakdown

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

Normandy Insurance Company Discounts Available

Normandy Insurance Company values its clients and offers various discounts to help businesses save on their insurance costs. Here is a list of discounts that Normandy may offer:

• Multi-Policy Discount: If you bundle multiple insurance policies, such as workers’ compensation and general liability, with Normandy, you can qualify for a multi-policy discount, reducing your overall insurance expenses.
• Safety and Training Discounts: Normandy often rewards businesses that prioritize safety and employee training. Implementing safety measures and providing training programs can lead to discounts on your insurance premiums.
• Claims-Free Discount: Maintaining a claims-free history can earn you a discount. Businesses that have a record of few or no insurance claims may enjoy reduced rates.
• Group Discounts: Normandy may offer group discounts for businesses that are part of industry associations or consortiums. Being part of a group can lead to cost savings on your insurance coverage.
• Experience Modification Rate (EMR) Improvement: If your business has improved its EMR, which reflects your workers’ compensation claims history, Normandy may offer discounts as a reward for safer workplace practices.
• Paid-in-Full Discount: Paying your annual insurance premium in full, rather than in installments, can often result in a discount on your policy.
• Early Renewal Discount: Renewing your insurance policy with Normandy ahead of the expiration date may make you eligible for an early renewal discount.
• Safety Equipment Discounts: Installing safety equipment and measures in your business premises, such as security systems and fire prevention systems, can lead to reduced insurance rates.

It’s important to note that the availability of these discounts may vary based on your location and the specific policies you choose. To determine the exact discounts applicable to your business, it’s advisable to contact Normandy Insurance Company directly and speak with one of their representatives.

How Normandy Insurance Company Ranks Among Providers

Normandy Insurance Company operates in a competitive insurance landscape, where several other companies also offer various business insurance solutions. Here, we’ll discuss some of the main competitors of Normandy Insurance:

• The Hartford: The Hartford is a well-established insurance company known for its commercial insurance offerings. They provide a wide range of coverage options, including workers’ compensation, general liability, and property insurance. The Hartford’s strong financial stability and reputation make it a formidable competitor.
• Travelers: Travelers is a major player in the commercial insurance industry, offering customizable business insurance policies. They are known for their extensive experience and a broad portfolio that includes commercial auto insurance, liability coverage, and specialized industry solutions.
• Chubb: Chubb is renowned for its high-end commercial insurance solutions. They cater to businesses of all sizes, offering comprehensive coverage and exceptional customer service. Chubb’s reputation for handling complex risks positions them as a strong competitor in the market.
• Liberty Mutual: Liberty Mutual is one of the largest property and casualty insurers globally. They offer a wide array of commercial insurance products, including general liability, workers’ compensation, and commercial auto insurance. Their vast network and financial strength make them a prominent competitor.
• CNA: CNA is a leading commercial insurance provider, offering specialized solutions for various industries, such as healthcare, construction, and technology. Their focus on risk management services and tailored coverage sets them apart in the industry.
• State Farm: While primarily known for personal insurance, State Farm also offers commercial insurance options for small businesses. Their competitive rates and extensive agent network give them an edge in the small business insurance market.
• Progressive Commercial: Progressive is a notable competitor, especially in the commercial auto insurance sector. They provide coverage for commercial vehicles, making them a go-to choice for businesses with a strong emphasis on transportation.
• Allstate Business Insurance: Allstate offers a range of business insurance solutions, including property, liability, and workers’ compensation coverage. Their brand recognition and comprehensive offerings position them as a competitor in the commercial insurance space.

Normandy Insurance Company competes in this landscape by offering tailored solutions, competitive rates, and a customer-centric approach to stand out among its peers.

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Normandy Insurance Company Claims Process

Ease of Filing a Claim

Normandy Insurance Company offers multiple convenient options for filing insurance claims. Customers can file claims online through their user-friendly website, over the phone by speaking with a customer service representative, or via their mobile app. This flexibility ensures that policyholders can choose the method that suits them best, making the claims process hassle-free.

Average Claim Processing Time

Normandy Insurance Company is committed to providing efficient claim processing services. While specific processing times may vary depending on the nature and complexity of the claim, they strive to handle claims promptly. Policyholders can expect timely assessments and resolutions, minimizing any disruptions to their business operations.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback is essential for evaluating an insurance company’s performance in claim resolutions and payouts. Normandy Insurance Company has garnered positive reviews from satisfied policyholders who appreciate their fair and efficient claim settlements.

Normandy Insurance Company Digital and Technological Features

Mobile App Features and Functionality

Normandy Insurance Company’s mobile app is a valuable tool for policyholders. It offers a range of features and functionalities designed to enhance the user experience. With the app, customers can easily access policy information, submit claims, view payment history, and receive important updates in real-time. The intuitive interface ensures that users can navigate the app effortlessly.

Online Account Management Capabilities

Normandy Insurance Company provides robust online account management capabilities through their website. Policyholders can log in to their accounts to view and manage their policies, make payments, and track claims. The user-friendly online portal offers a seamless experience, allowing customers to stay in control of their insurance affairs.

Digital Tools and Resources

In addition to their mobile app and online account management, Normandy Insurance Company offers a variety of digital tools and resources to assist policyholders. These resources include educational materials, risk management tools, and access to expert advice.

These empower customers to make informed decisions about their insurance coverage and risk mitigation strategies.

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