Hiscox USA boasts being a leading specialist insurance company. The company also states that it is not a traditional insurer, Hiscox USA targets specific types of insurance and becomes experts. Hiscox USA challenges convention in each market and offers market leading products and services to businesses. The company offers general liability, professional liability, and property insurance through brokers and directly online.
Hiscox USA is a part of the Hiscox Group, which employs over 2,300 people in 13 countries.
If a business is ever sued for claims that arise during business operations, Hiscox USA provides extensive coverage. Liability insurance (also known as third-party insurance) can protect business owners from claims of bodily injury, property damage, or personal injury. Members can choose between professional liability insurance or general liability insurance, or they can choose both.
General liability insurance protects businesses from claims from another person or business’s claims of bodily injury, damage to property, and any associated medical costs.
Professional liability insurance (also known as errors and omissions insurance) is coverage for claims against businesses that provide professional and personal services. Coverage could include protection against a dissatisfied client or claims of negligence.
Hiscox USA also offers a Business Owners Policy to help cover any business equipment. While many business owners assume that if they have general liability insurance their losses are covered. However, a general liability policy doesn’t protect a business owner’s own property.
Members should consider purchasing a Business Owners Policy under the following circumstances:
Hiscox USA is either admitted or licensed to service 49 states — including the District of Columbia. However, coverage is currently unavailable in Alaska. The company is able to provide insurance to all types of businesses, despite where they are located.
Hiscox USA does focus on helping small businesses and may not be an ideal insurer for larger companies.