ProAssurance Specialty Insurance Company Review (2024)

Proassurance Specialty Insurance Company, a distinguished player in the insurance sector, customizes coverage to meet the specific needs of clients, offering comprehensive solutions in professional liability, healthcare, property and casualty, and workers' compensation insurances.

UPDATED: Apr 23, 2024Fact Checked

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

UPDATED: Apr 23, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Apr 23, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Apr 23, 2024Fact Checked
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Proassurance Specialty Insurance Company

Average Monthly Rate For Good Drivers

N/A

A.M. Best Rating:

A (Excellent)

Complaint Level:

Low

Pros

  • Comprehensive coverage options
  • Specialization in professional liability insurance
  • Strong client focus and excellent customer service
  • Customizable insurance plans for businesses
  • User-friendly online tools and resources

Cons

  • Rate quotes may vary depending on individual circumstances
  • Limited geographic availability for some insurance products

Proassurance Specialty Insurance Company, a trusted name in the insurance industry, offers a diverse range of coverage options tailored to individuals and businesses. From comprehensive health insurance solutions to specialized professional liability coverage for healthcare providers and legal professionals, as well as property & casualty and workers’ compensation insurance.

Their client-centric approach, coupled with a history of excellence and numerous awards, sets them apart. With discounts available for responsible driving and loyalty, Proassurance ensures clients receive top-quality protection at affordable rates.

Proassurance Specialty Insurance Company Insurance Coverage Options

When it comes to safeguarding what matters most, Proassurance Specialty Insurance Company offers a comprehensive range of coverage options tailored to meet the unique needs of individuals and businesses. From health insurance to professional liability and more, here’s a closer look at the coverage options they provide:

  • Health Insurance: Proassurance HealthGuard offers comprehensive health coverage for individuals and families, ensuring peace of mind when it comes to your well-being.
  • Professional Liability Insurance: Proassurance specializes in protecting professionals such as healthcare providers and lawyers from malpractice claims, allowing them to practice with confidence.
  • Property & Casualty Insurance: Protecting your commercial property and assets, as well as providing coverage against liability claims and related risks, is at the core of Proassurance property and casualty insurance offerings.
  • Workers’ Compensation Insurance: Proassurance workers’ compensation insurance is designed to provide coverage for workplace injuries and illnesses, including additional protection for employers facing worker injury claims. (For more information, read our “Advantage Workers Compensation Insurance Company: Customer Ratings & Reviews“).

Proassurance diverse range of coverage options reflects their commitment to safeguarding your interests. Whether you’re an individual seeking health insurance or a business in need of liability protection, Proassurance Specialty Insurance Company has you covered with their specialized insurance solutions.

Read more:

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Proassurance Specialty Insurance Company Insurance Rates Breakdown

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Driver ProfileProAssurance SpecialtyNational Average
Clean Record$180$119
1+ Ticket$160$147
1+ Accident$190$173
DUI$220$209
Poor Credit$310$205

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

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Proassurance Specialty Insurance Company Discounts Available

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DiscountProAssurance Specialty
Anti Theft12%
Good Student18%
Low Mileage22%
Paperless20%
Safe Driver26%
Senior Driver19%

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Saving money on insurance is always a welcome benefit, and Proassurance Specialty Insurance Company recognizes this. They offer a variety of discounts to help clients make insurance more affordable while still receiving top-notch coverage. Let’s explore the discounts you can take advantage of:

  • Multi-Policy Discount: Combining multiple insurance policies with Proassurance can lead to significant savings. Whether it’s bundling home and auto insurance or other coverage types, this discount rewards clients for their loyalty.
  • Good Driver Discount: Safe drivers with a clean record are often eligible for a good driver discount. Proassurance encourages responsible driving by offering lower rates to those who maintain an excellent driving history.
  • Claims-Free Discount: Staying claims-free can lead to reduced premiums. Proassurance values clients who manage to avoid accidents and incidents, and they reward this responsible behavior with lower rates.
  • Safety Features Discount: If your vehicle is equipped with safety features such as anti-lock brakes, airbags, or an anti-theft system, you may qualify for additional savings on your auto insurance.
  • Professional Association Membership: Proassurance may offer discounts to professionals who are members of certain associations or organizations, recognizing their commitment to their respective fields.

Proassurance Specialty Insurance Company not only provides comprehensive coverage but also understands the importance of making insurance affordable. Their array of discounts ensures that clients can protect what matters most without breaking the bank.

By promoting safe driving, loyalty, and responsible behavior, Proassurance aims to help clients save while maintaining top-quality insurance protection.

How Proassurance Specialty Insurance Company Ranks Among Providers

In a highly competitive insurance industry, Proassurance Specialty Insurance Company distinguishes itself by offering specialized coverage tailored to the unique needs of individuals and businesses. However, to gain a deeper understanding of its position in the market, it’s essential to explore the major competitors that Proassurance encounters across various insurance segments:

 Healthcare Liability Insurance

  • The Doctors Company: Renowned for providing medical malpractice insurance, serving a wide range of healthcare professionals.
  • MedPro Group: Specializes in healthcare liability insurance, offering coverage for physicians, dentists, and other medical practitioners.
  • Coverys: Known for its medical professional liability insurance solutions, serving both healthcare organizations and individual providers. (For more information, read our “Coverys Specialty Insurance Company Review“).

Legal Professional Liability Insurance

  • CNA Financial Corporation: A key player offering professional liability insurance tailored to law firms and legal professionals.
  • Travelers: Provides comprehensive coverage for legal malpractice and other professional liability risks within the legal industry.
  • AXIS Insurance: Offers specialized professional liability coverage, including solutions designed for lawyers and law firms.

Property & Casualty Insurance

  • The Hartford: A major player in the property and casualty insurance sector, delivering coverage solutions for businesses and individuals.
  • Chubb: Known for its wide range of property and casualty insurance solutions, including commercial coverage and personal lines.
  • Allstate: Recognized for its property and casualty insurance products, encompassing auto, home, and business insurance.

Workers’ Compensation Insurance

  • Travelers: A prominent insurer with a strong presence in workers’ compensation coverage, catering to businesses of all sizes.
  • Liberty Mutual: Offers comprehensive workers’ compensation insurance solutions, emphasizing workplace safety and risk management.
  • The Hartford: Provides workers’ compensation insurance alongside its broader commercial insurance offerings.

Health Insurance

  • UnitedHealthcare: One of the largest health insurance providers, offering a diverse range of healthcare coverage options for individuals and employer-sponsored plans.
  • Anthem Blue Cross Blue Shield: Known for its health insurance plans, including individual, family, and group health coverage.
  • Aetna (a CVS Health company): Provides various health insurance and healthcare services, including Medicare and Medicaid plans.

Specialty Insurance Providers

  • Berkshire Hathaway Specialty Insurance: Distinguished for its diverse specialty insurance solutions, serving various industries and unique risks.
  • Markel Corporation: Offers specialty insurance products tailored to niche markets, encompassing specialty liability, property, and marine coverage.
  • AXA XL: Provides specialty insurance and reinsurance products, focusing on complex risks and global markets.

Read more: Markel Global Reinsurance Company Review

Proassurance Specialty Insurance Company excels by offering specialized insurance solutions and a commitment to client-focused service. In this competitive landscape, Proassurance’s ability to thrive is shaped by its specialization, innovative products, exceptional customer service, and regional market presence.

By understanding its competitors and continually adapting to the evolving insurance landscape, Proassurance remains a strong and reliable choice for insurance coverage.

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Delve Into Proassurance Specialty Insurance Company’s Claims Process

Ease of Filing a Claim

Proassurance Specialty Insurance Company offers a convenient and efficient claims filing process to ensure that policyholders can easily report their insurance claims. Whether you prefer online submissions, phone assistance, or utilizing mobile apps, Proassurance provides multiple avenues for filing a claim, accommodating various preferences and needs.

Average Claim Processing Time

Proassurance is committed to swift claim processing, aiming to provide timely resolutions to their policyholders. While the exact processing time may vary depending on the nature and complexity of the claim, Proassurance’s dedication to efficiency ensures that claims are handled promptly to minimize disruptions and fulfill policyholders’ needs.

Customer Feedback on Claim Resolutions and Payouts

Proassurance’s reputation for excellent customer service extends to their claims resolution process. Customer feedback regarding claim resolutions and payouts has been overwhelmingly positive, with policyholders expressing satisfaction with the company’s responsiveness and fairness.

Digital and Technological Features for Proassurance Specialty Insurance Company

Mobile App Features and Functionality

Proassurance offers a feature-rich mobile app that enhances the overall insurance experience for its policyholders. The app provides a user-friendly interface, allowing clients to manage their insurance policies, access important documents, file claims, and even receive real-time updates on the status of their claims.

With the Proassurance mobile app, policyholders have a powerful tool at their fingertips for convenient insurance management.

Online Account Management Capabilities

Proassurance’s online account management platform empowers policyholders to take control of their insurance policies and accounts. Through this digital portal, clients can review policy details, make payments, request policy changes, and access important information 24/7.

The online account management capabilities offered by Proassurance ensure that clients have convenient access to their insurance information whenever they need it.

Digital Tools and Resources

Proassurance goes beyond the basics by providing a suite of digital tools and resources to assist policyholders in making informed decisions about their insurance coverage. These resources include educational materials, insurance calculators, and informative content to help clients better understand their policies and insurance options.

Proassurance’s commitment to digital innovation ensures that policyholders have access to valuable tools to support their insurance needs.

Frequently Asked Questions

What types of health insurance does Proassurance Specialty Insurance Company offer?

Proassurance provides comprehensive health insurance solutions, including Proassurance HealthGuard for individuals and families, as well as customizable group health plans.

Can healthcare professionals find professional liability coverage with Proassurance?

Yes, Proassurance specializes in professional liability insurance, offering coverage tailored to healthcare providers, including medical and legal professionals.

Does Proassurance offer property & casualty insurance for businesses?

Proassurance provides property & casualty insurance to safeguard commercial properties and assets, along with coverage against liability claims.

What does Proassurance’s workers’ compensation insurance include?

Proassurance’s workers’ compensation insurance offers coverage for workplace injuries and illnesses, as well as additional protection for employers facing worker injury claims.

Are there any discounts available for Proassurance’s insurance offerings?

Proassurance may offer discounts for policyholders with safe driving records and for clients who bundle multiple insurance policies with the company.

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Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

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