Selective Insurance: Understanding the Benefits and Coverage Options

Selective Insurance, founded in 1926, is a leading provider of insurance solutions for businesses and individuals. With a focus on risk management, Selective Insurance offers a range of coverage options designed to protect against a variety of risks. This article will provide an overview of Selective Insurance, its history, and the various insurance products it offers.

History of Selective Insurance

Selective Insurance was founded in Branchville, New Jersey in 1926 by Daniel Smith, a local businessman who saw a need for better insurance coverage in the area. The company quickly grew, expanding its offerings to include a variety of business and personal insurance solutions.

Today, Selective Insurance operates in 22 states and the District of Columbia, with more than 2,400 employees and over $6 billion in assets. The company is known for its focus on risk management, and its commitment to providing high-quality insurance solutions to its customers.

Insurance Products Offered by Selective Insurance

Selective Insurance offers a wide range of insurance products for businesses and individuals, including:

Business Insurance

Selective Insurance offers a variety of business insurance products, including:

General Liability Insurance

General liability insurance provides coverage for businesses in the event of lawsuits or claims related to bodily injury, property damage, and other types of damage caused by the business’s operations or products.

Property Insurance

Property insurance provides coverage for physical damage to a business’s property, including buildings, equipment, and inventory. This type of insurance can also cover losses caused by events like fires, floods, and other natural disasters.

Workers’ Compensation Insurance

Workers’ compensation insurance provides coverage for employees who are injured or become ill as a result of their work. This type of insurance can cover medical expenses, lost wages, and other costs associated with workplace injuries or illnesses.

Professional Liability Insurance

Professional liability insurance, also known as errors and omissions insurance, provides coverage for businesses that provide professional services, such as doctors, lawyers, and accountants. This type of insurance can protect against claims of negligence, malpractice, or other professional errors.

Personal Insurance

Selective Insurance offers a variety of personal insurance products, including:

Homeowners Insurance

Homeowners insurance provides coverage for damage to a person’s home and personal property, as well as liability protection for accidents that occur on the property.

Auto Insurance

Auto insurance provides coverage for damage to a person’s car, as well as liability protection for accidents that occur while driving.

Renters Insurance

Renters insurance provides coverage for a person’s personal property in a rental unit, as well as liability protection for accidents that occur in the rental unit.

Flood Insurance

Flood insurance provides coverage for losses caused by floods, which are typically not covered by standard homeowners insurance. Selective Insurance offers flood insurance as a standalone policy or as an add-on to a homeowners insurance policy.

Cyber Insurance

Cyber insurance provides coverage for losses caused by cyber attacks, including data breaches, theft of personal information, and other cyber crimes. This type of insurance can cover costs associated with notifying customers of a breach, restoring data, and defending against lawsuits.

FAQ: Common Questions about Selective Insurance

What makes Selective Insurance different from other insurance providers?

Selective Insurance is known for its focus on risk management, which means it works closely with its customers to identify and mitigate potential risks. The company also has a strong commitment to customer service, and offers a range of resources and tools to help customers manage their insurance needs.

How can I get a quote for insurance from Selective Insurance?

Customers can get a quote for insurance from Selective Insurance by visiting the company’s website or contacting a local agent. The company offers a wide range of insurance products for businesses and individuals, and can work with customers to customize coverage options based on their specific needs.

What are the benefits of having insurance from Selective Insurance?

Having insurance from Selective Insurance can provide peace of mind, knowing that you have coverage in the event of unexpected events or accidents. The company offers a range of insurance products designed to protect against various risks, and its focus on risk management means that it works closely with customers to help them identify and mitigate potential risks.

How do I file a claim with Selective Insurance?

Customers can file a claim with Selective Insurance by contacting the company’s claims department or their local agent. The company offers a range of resources and tools to help customers through the claims process, and its commitment to customer service means that customers can expect prompt and professional service.

What is the customer service like at Selective Insurance?

Selective Insurance is known for its commitment to customer service, and offers a range of resources and tools to help customers manage their insurance needs. The company has a dedicated customer service department that can help customers with questions or concerns, and its local agents are also available to provide personalized service.

In conclusion, Selective Insurance is a leading provider of insurance solutions for businesses and individuals. With a focus on risk management and a commitment to customer service, Selective Insurance offers a range of insurance products designed to protect against various risks. Whether you’re looking for business insurance, personal insurance, flood insurance, or cyber insurance, Selective Insurance has you covered.