QBE Specialty Insurance Company Review (2024)
QBE Specialty Insurance Company stands out as a trusted and innovative provider, offering a comprehensive range of coverage options for both individuals and businesses, from auto and homeowners' insurance to specialized policies such as cyber liability and marine insurance.
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
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
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.
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QBE Specialty Insurance Company
Average Monthly Rate For Good Drivers
N/AA.M. Best Rating:
A (Excellent)Complaint Level:
LowPros
- Diverse range of insurance coverage options
- Tailored solutions for unique personal and business needs
- Competitive discounts for policyholders
- Strong global presence and financial stability
- Excellent customer service and claims support
Cons
- Rates can vary widely depending on factors like location and policy type
- Not as well-known as some larger insurance providers
In the world of insurance, QBE Specialty Insurance Company shines as a trusted and innovative provider offering a comprehensive array of coverage options for individuals and businesses.
This article explores QBE Specialty’s diverse insurance portfolio, encompassing personal insurance options like auto, home, and renters’ insurance, while also delving into their robust suite of business insurance offerings, ranging from commercial property and liability coverage to specialized policies such as cyber liability and marine insurance.
QBE Specialty distinguishes itself through a commitment to tailored solutions, competitive discounts, and a global presence, making it a compelling choice for those seeking insurance coverage that aligns precisely with their unique needs and risks.
QBE Specialty Insurance Company Insurance Coverage Options
QBE Specialty Insurance Company is known for its diverse range of insurance coverage options tailored to the unique needs of individuals and businesses. Here is a comprehensive list of coverage options that QBE Specialty typically offers:
Auto Insurance
- Liability coverage
- Collision coverage
- Comprehensive coverage
- Uninsured/underinsured motorist coverage
- Personal injury protection (PIP) or medical payment coverage
Homeowners’ Insurance
- Dwelling coverage
- Personal property coverage
- Liability protection
- Additional living expenses (ALE) coverage
- Other structures coverage
Renters’ Insurance
- Personal property coverage
- Liability protection
- Loss of use coverage
Condo Insurance
- Coverage for the unit’s interior
- Personal property coverage
- Liability protection
- Loss assessment coverage
Boat and Watercraft Insurance
- Coverage for various types of watercraft
- Liability coverage
- Physical damage coverage
- Equipment and accessories coverage
Commercial Property Insurance
- Coverage for buildings and structures
- Business personal property coverage
- Business interruption coverage
Commercial General Liability Insurance
- Protection against third-party bodily injury and property damage claims
- Advertising injury coverage
- Products and completed operations coverage
Professional Liability Insurance
- Protection against claims of professional negligence or errors and omissions
- Coverage tailored to specific professions, such as lawyers, doctors, and architects
Cyber Liability Insurance
- Coverage for data breaches and cyberattacks
- Data breach response and notification expenses
- Cyber liability liability and privacy liability coverage
Commercial Auto Insurance
- Coverage for business-owned vehicles
- Liability coverage
- Physical damage coverage
- Coverage for employees using personal vehicles for business purposes (non-owned auto insurance)
Workers’ Compensation Insurance
- Coverage for workplace injuries and illnesses
- Wage replacement for injured employees
- Medical benefits and rehabilitation coverage
Marine Insurance
- Coverage for marine-related risks, including cargo and vessels
- Hull and machinery coverage
- Protection and indemnity (P&I) coverage
Aviation Insurance
- Coverage for aircraft and aviation-related liabilities
- Hull coverage
- Liability coverage for aviation operations
Surety and Bonds
- Performance bonds
- Payment bonds
- Bid bonds
- License and permit bonds
Specialty Lines Insurance
- Coverage for unique risks such as fine arts, jewelry, and collectibles
- Cyber risk insurance
- Kidnap and ransom insurance
Employment Practices Liability Insurance (EPLI)
- Protection against employee-related claims, such as discrimination, harassment, and wrongful termination
Please note that the availability of these coverage options may vary by location and specific policy terms. QBE Specialty Insurance Company often works closely with clients to customize policies to their unique risk profiles, ensuring that they receive the most appropriate coverage for their needs.
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QBE Specialty Insurance Company Insurance Rates Breakdown
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| Driver Profile | QBE Specialty Insurance | National Average |
|---|---|---|
| Clean Record | $96 | $119 |
| 1+ Ticket | $129 | $147 |
| 1+ Accident | $208 | $173 |
| DUI | $204 | $209 |
| Poor Credit | $165 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
QBE Specialty Insurance Company Discounts Available
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| Discounts | QBE Specialty Insurance |
|---|---|
| Anti Theft | 12% |
| Good Student | 21% |
| Low Mileage | 16% |
| Paperless | 9% |
| Safe Driver | 25% |
| Senior Driver | 12% |
QBE Specialty Insurance Company recognizes the importance of providing value to its policyholders. To make insurance more affordable and appealing, they offer a range of discounts and savings opportunities. These discounts can vary depending on the type of insurance and the specific policy details, but here are some common discounts you may be eligible for:
- Multi-Policy Discount: Combine multiple insurance policies with QBE Specialty, such as home and auto insurance, to qualify for a multi-policy discount. Bundling policies can lead to significant savings.
- Safe Driver Discount: If you have a clean driving record and a history of safe driving, you may be eligible for a safe driver discount on your auto insurance policy.
- Home Security Discount: Enhance your home’s security by installing features like burglar alarms, smoke detectors, or security systems to qualify for a discount on your homeowners’ insurance.
- Claims-Free Discount: If you have a history of few or no insurance claims, you can often enjoy a claims-free discount, rewarding your responsible and cautious behavior.
- Good Student Discount: Students with good academic records can benefit from a good student discount on their auto insurance premiums.
- Loyalty Discount: QBE Specialty values long-term relationships with its customers. They may offer loyalty discounts to policyholders who have been with them for an extended period.
- Safety Features Discount: Equipping your vehicle with safety features such as anti-lock brakes, airbags, or anti-theft devices can lead to savings on your auto insurance.
- Renewal Discount: Renewing your insurance policy with QBE Specialty may qualify you for a renewal discount, encouraging policyholders to stay with the company.
- Pay-in-Full Discount: Opting to pay your annual premium in full, rather than in installments, can result in a pay-in-full discount.
- Occupational Discount: Some professions may be eligible for occupational discounts based on the reduced risk associated with certain jobs.
- Safety Training Discount: Completing safety training courses or defensive driving courses can lead to discounts on your auto insurance.
- Senior Citizen Discount: Seniors may qualify for discounts on various insurance policies, recognizing their experience and typically lower-risk profiles.
- Multi-Vehicle Discount: If you insure multiple vehicles under the same policy, you may be eligible for a multi-vehicle discount.
- Green Vehicle Discount: Owning an eco-friendly or hybrid vehicle can result in savings on your auto insurance due to reduced environmental impact.
- Home Renovation Discount: Making home improvements or renovations that enhance the structural integrity or safety of your property may lead to a discount on homeowners’ insurance.
Please note that the availability and specifics of these discounts may vary by location and policy type. To take full advantage of these savings opportunities, it’s advisable to discuss your eligibility with a QBE Specialty Insurance representative when obtaining a quote or renewing your policy.
How QBE Specialty Insurance Company Ranks Among Providers
In the competitive landscape of the insurance industry, QBE Specialty Insurance Company faces several prominent competitors. These companies vie for market share and strive to provide similar services and products to meet the diverse needs of individuals and businesses. Let’s delve into some of the main competitors of QBE Specialty Insurance:
- Chubb Insurance: Renowned for its high-end insurance solutions, Chubb competes with QBE Specialty in offering a wide array of coverage options for individuals and businesses.
- AIG (American International Group): A global insurance giant, AIG is a major player that competes with QBE Specialty across various insurance sectors, emphasizing financial strength and a diverse range of products.
- The Hartford Financial Services Group: With a focus on property and casualty insurance, The Hartford is a formidable competitor, particularly in the business insurance segment, challenging QBE Specialty’s offerings.
- Travelers Insurance: Known for its extensive network and comprehensive coverage, Travelers Insurance competes with QBE Specialty, especially in the realm of commercial insurance and risk management.
- Allianz Global Corporate & Specialty (AGCS): As a global insurer, AGCS is a significant competitor, vying with QBE Specialty in providing specialized coverage options and catering to the complex needs of businesses.
- Zurich Insurance Group: Zurich, another global player, competes with QBE Specialty in offering diverse insurance solutions, emphasizing risk management and financial stability.
These competitors, like QBE Specialty Insurance Company, strive to provide comprehensive insurance coverage, financial stability, and excellent customer service. The choice between them often depends on the specific needs and risk profiles of clients, making competition in the insurance industry dynamic and customer-centric.
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Claims Process for QBE Specialty Insurance Company
Ease of Filing a Claim
When it comes to filing a claim with QBE Specialty Insurance Company, policyholders have several convenient options at their disposal. QBE Specialty understands the importance of a hassle-free claims process and offers multiple channels for reporting and managing claims.
Average Claim Processing Time
The efficiency of a claims process can significantly impact the overall satisfaction of policyholders. QBE Specialty Insurance Company is committed to processing claims promptly and efficiently.
While specific processing times may vary depending on the complexity and nature of the claim, QBE Specialty strives to expedite the claims handling process. Customers typically receive updates on their claims’ progress to ensure transparency and peace of mind during what can be a stressful time.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback is a valuable indicator of an insurance company’s performance in handling claims. QBE Specialty Insurance Company values customer input and continuously works to enhance its claims resolution and payout processes. Policyholders’ experiences and satisfaction are of utmost importance to the company.
Customers who have had claims processed by QBE Specialty are encouraged to provide feedback on their experiences. This feedback helps the company identify areas for improvement and refine its claims handling procedures. QBE Specialty is dedicated to ensuring that policyholders receive fair and timely claim resolutions, and customer feedback plays a crucial role in achieving this goal.
QBE Specialty Insurance Company’s Digital and Technological Features
Mobile App Features and Functionality
QBE Specialty Insurance Company recognizes the growing importance of digital tools in the insurance industry. To meet the evolving needs of policyholders, the company offers a robust mobile app with a wide range of features and functionalities.
Online Account Management Capabilities
QBE Specialty Insurance Company’s online account management capabilities empower policyholders to take control of their insurance accounts with ease. Through the company’s secure online portal, policyholders can perform various tasks.
Digital Tools and Resources
In addition to its mobile app and online account management capabilities, QBE Specialty Insurance Company offers a variety of digital tools and resources to assist policyholders in making informed decisions and navigating their insurance needs.
These resources may include educational articles, FAQs, insurance calculators, and risk assessment tools. These digital resources are designed to enhance the overall customer experience and provide valuable information to policyholders.
Frequently Asked Questions
What sets QBE Specialty Insurance apart from other insurance companies?
QBE Specialty’s commitment to specialized insurance solutions, extensive experience, and global presence set them apart. They offer tailored coverage for unique risks.
How can I request a quote or get in touch with QBE Specialty Insurance?
You can easily request a quote or get in touch with QBE Specialty Insurance through their official website or by contacting their customer service.
Do they provide insurance for international businesses?
Yes, QBE Specialty Insurance offers international coverage and has a global network to support businesses operating internationally.
Can I combine multiple types of insurance with QBE Specialty?
Absolutely. QBE Specialty encourages bundling insurance types for comprehensive coverage, often providing cost-effective options.
Is QBE Specialty Insurance suitable for individuals as well as businesses?
Yes, QBE Specialty caters to both individual and business insurance needs, ensuring a wide range of coverage options.
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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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