Society Insurance Review (2024)

Society Insurance stands as a trusted name in commercial coverage, delivering tailored solutions and exceptional service to safeguard businesses nationwide with a focus on reliability and low complaint levels.

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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Society Insurance

Average Monthly Rate For Good Drivers

N/A

A.M. Best Rating:

A (Excellent)

Complaint Level:

Low

Pros

  • Comprehensive coverage options for various business types
  • Exceptional customer service and claims handling
  • Tailored policies to meet individual business needs
  • Nationwide coverage with flexible options
  • Positive customer reviews and testimonials

Cons

  • Specific rates depend on various factors and may not be the cheapest option for all businesses

Society Insurance, with its A.M. Best Rating of A (Excellent) and a commendably low complaint level, stands out as a trusted ally in safeguarding businesses through its diverse range of coverage options.

From general liability and workers’ compensation insurance to commercial property, auto, and special events coverage, they offer tailor-made solutions that cater to the distinct needs of various industries.

What sets Society Insurance apart is their commitment to personalized service, exemplified by their exceptional customer support and claims handling.

With a nationwide reach, flexible policies, and a history of reliability, Society Insurance ensures that businesses can thrive with confidence, knowing they are protected by a dedicated and reputable insurance partner.

Society Insurance Coverage Options

Society Insurance offers a wide range of coverage options designed to meet the unique needs of businesses. These coverage options include:

  • General Liability Insurance: Protection against third-party claims for bodily injury and property damage.
  • Workers’ Compensation Insurance: Coverage for workplace injuries and illnesses, including medical expenses and lost wages.
  • Commercial Property Insurance: Safeguarding physical assets, equipment, and inventory from various perils.
  • Commercial Auto Insurance: Insurance tailored for business vehicles and drivers.
  • Special Events Insurance: Temporary coverage for events like weddings, conferences, and fundraisers.

These comprehensive coverage options ensure that businesses can find the insurance solutions that best suit their specific requirements.

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Society Insurance Rates Breakdown

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Driver ProfileSocietyNational Average
Clean Record$110$119
1+ Ticket$170$147
1+ Accident$200$173
DUI$250$209
Poor Credit$189$205

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

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Society Insurance Discounts Available

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DiscountSociety
Anti Theft10%
Good Student15%
Low Mileage8%
Paperless12%
Safe Driver20%
Senior Driver10%

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Society Insurance provides various discounts and cost-saving opportunities to help businesses manage their insurance expenses. These discounts may include:

  • Multi-Policy Discount: Businesses that bundle multiple insurance policies with Society Insurance may qualify for a discount.
  • Claims-Free Discount: Companies with a history of minimal or no claims may enjoy reduced premiums.
  • Safety Programs: Participation in safety and risk management programs offered by Society Insurance can lead to lower rates.
  • Group Discounts: Some industries or associations may have access to group discounts through Society Insurance.
  • Loyalty Discounts: Long-term policyholders with a consistent record may receive loyalty discounts.

These discounts aim to make insurance more affordable for businesses while promoting safety and risk management practices. It’s advisable to contact Society Insurance directly to inquire about specific discounts applicable to your business.

How Society Insurance Ranks Among Providers

Society Insurance operates in the highly competitive commercial insurance industry. While the landscape of competitors can vary based on specific regions and industries, some of its main competitors in the commercial insurance sector include:

  • The Hartford: The Hartford is a well-established insurance company known for its broad range of commercial insurance products. They offer coverage for various industries and have a strong presence nationwide.
  • Travelers: Travelers is a major player in the commercial insurance market, providing coverage for businesses of all sizes. They are known for their comprehensive coverage options and risk management services.
  • Liberty Mutual: Liberty Mutual offers commercial insurance solutions tailored to various industries, including property, casualty, and workers’ compensation coverage. They have a significant global presence.
  • Chubb: Chubb is a leading provider of specialty insurance products and services, catering to businesses with complex needs. They are known for their expertise in niche markets and risk management solutions.
  • CNA Financial: CNA Financial offers a range of insurance products, including commercial property, liability, and specialty lines. They focus on providing solutions to middle-market and larger businesses.
  • Amtrust Financial Services: Amtrust specializes in small and mid-sized business insurance, offering a range of coverage options, particularly in the workers’ compensation and specialty risk segments.
  • State Farm: State Farm provides commercial insurance solutions alongside its well-known personal insurance offerings. They serve a wide range of businesses and industries.
  • Nationwide: Nationwide offers various commercial insurance products and services, including property and casualty coverage, tailored to businesses across different sectors.
  • Zurich Insurance Group: Zurich is a global insurer with a strong presence in the commercial insurance sector, offering solutions to businesses across industries worldwide.
  • Allianz: Allianz is a multinational insurer that provides commercial insurance solutions, including property, casualty, and specialty lines, for businesses operating internationally.

It’s important to note that the competitive landscape in the commercial insurance industry is highly dynamic, and regional factors, industry-specific needs, and the evolving insurance market can influence which competitors are most relevant to Society Insurance in a particular context.

Read more: Allianz Global Risks Us Insurance Company Review

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Claims Process at Society Insurance

Streamlined Claims Filing

When it comes to filing an insurance claim, ease and convenience matter. Society Insurance understands this, offering a variety of channels for policyholders to initiate a claim.

Whether you prefer the simplicity of an online portal, the personal touch of a phone call, or the convenience of mobile apps, Society Insurance ensures that starting the claims process is hassle-free.

Efficient Claim Processing

Time is of the essence when it comes to insurance claims. Society Insurance is committed to providing timely resolutions to its policyholders.

While the exact processing time can vary based on the complexity of the claim, rest assured that Society Insurance aims to handle claims with efficiency. They keep you in the loop throughout the process, offering transparency and timely updates on your claim’s status.

Customer Satisfaction With Claim Resolutions

The true test of an insurance company’s performance lies in customer feedback regarding claim resolutions and payouts. Society Insurance has earned a reputation for exceptional service, and this extends to how it handles claims.

Satisfied policyholders have praised the company’s responsiveness and fair settlements. Hearing from those who have experienced the process firsthand can provide valuable insights for businesses considering Society Insurance as their insurance partner.

Digital and Technological Features at Society Insurance

Mobile App Convenience

In today’s fast-paced world, having a user-friendly mobile app can significantly enhance the insurance experience. Society Insurance offers a mobile app that’s not just functional but also intuitive.

This app allows policyholders to have easy access to their accounts and policy information while on the move. Whether it’s reviewing policy documents or initiating claims, the mobile app provides a range of features designed to simplify insurance management.

Seamless Online Account Management

Efficient online account management is the backbone of modern insurance services. Society Insurance ensures that policyholders have robust online access to their accounts. This includes the ability to review policy details, make payments, and access essential documents—all from the comfort of your computer or mobile device.

The online account management capabilities are designed to empower businesses, providing the tools needed to stay informed and maintain control over their insurance coverage.

Digital Resources for Informed Choices

Insurance decisions are critical, and being well-informed is key. Society Insurance provides a suite of digital tools and resources to assist policyholders in making informed choices. These resources can include educational materials, risk management tools, and online calculators.

By harnessing the power of digital technology, Society Insurance aims to equip businesses with the knowledge and tools necessary to make informed decisions regarding their insurance coverage and risk management strategies.

Frequently Asked Questions

What industries does Society Insurance primarily serve?

Society Insurance serves a diverse range of industries, including but not limited to hospitality, restaurants, retail, and more. Their coverage options are designed to meet the unique needs of various businesses.

Can I customize my insurance policy with Society Insurance to fit my specific requirements?

Society Insurance believes in flexibility. Their team will work closely with you to customize a policy that aligns with your specific business needs and budget.

Is Society Insurance available nationwide, or is it limited to certain regions?

Society Insurance provides coverage across the United States, adapting their offerings to suit the geographical needs of your business.

What is the claims process like with Society Insurance, and how quickly can I expect a resolution?

Filing a claim with Society Insurance is straightforward and efficient. Their experienced claims team will guide you through the process, and the speed of resolution can vary depending on the nature of the claim.

Are there any discounts or special promotions available for policyholders with Society Insurance?

Society Insurance may offer discounts and special promotions periodically. To stay updated on their current offers, it’s advisable to get in touch with their team directly or visit their website for the latest information on available discounts and promotions.

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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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