Benchmark Insurance Company Review
Benchmark Insurance Company at a Glance
- Focuses on commercial insurance
- Offers several types of coverage
- Rated "A" (excellent) by AM Best
- Coverage available in 49 states
Benchmark pros: Coverage available in almost every state. Several forms of coverage available. High rating through AM Best.
Benchmark cons: Not evaluated by the Better Business Bureau. Difficult to find customer feedback. No specific claims time frame response. No discount information. Difficult to find coverage details.
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What Type of Insurance Does Benchmark Offer?
Here's an overview of the products offered by Benchmark Insurance Company.
- Workers' comp insurance
- Property insurance
- Business interruption insurance
- General liability insurance
- Commercial liability insurance
- Pollution/environmental insurance
- BOP insurance
- Professional E&O liability insurance
- Cyber risk insurance
- Product liability insurance
- Commercial auto insurance
- Accident and health insurance
This list of products offered by Benchmark Insurance Company is not exhaustive. Your independent insurance agent can help you find more information about the coverages offered by Benchmark, and help you decide if this insurance company is right for you.
What to Know about Benchmark Insurance Company
Benchmark Insurance Company offers several forms of coverage for customers across the country, including commercial auto insurance, BOP insurance, errors & omissions insurance, business interruption insurance, and much more. Coverage is available in 49 states.
Benchmark is an independent insurer and a subsidiary of Trean Insurance Group, Inc. AM Best places the insurance company in financial size category VIII, or $100 million to $250 million.
Thanks to their extensive commercial insurance catalogue, Benchmark Insurance Company has earned itself a reputation as a stable insurance company. AM Best gives Benchmark Insurance Company an overall “A” rating, indicating the carrier is an excellent choice for insurance customers. High ratings from AM Best assure customers that Benchmark Insurance Company offers guaranteed coverage.
Established in 1899, AM Best is one of the oldest rating companies in the world. Reviews from AM Best indicate an insurance company’s financial strength and creditworthiness and are based on comprehensive evaluations of the company’s operating performance, business profile, and annual report.
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What Discounts Does Benchmark Insurance Company Offer?
Benchmark Insurance Company does not make information about its specific discounts readily available. However, an independent insurance agent can help find these details for you. Independent insurance agents work hard to find you the most affordable coverage that still gets the job done right.
Benchmark Insurance Company Customer Service
Here's a breakdown of Benchmark Insurance Company's customer service options and availability.
- Contact form on website
- Phone contact option
- Fax contact option
- Snail mail contact option
- Customer service hours not specified
To ensure a great customer service experience, work together with an independent insurance agent. Independent insurance agents can help handle claims and other matters for you, so you can relax and enjoy your coverage.
Benchmark Insurance Company FAQ
What is Benchmark's average claim response time frame?
Benchmark Insurance Company does not provide a claims response time frame.
What is Benchmark's customer service availability?
Benchmark allows customers to contact them through several mediums, but does not specify its phone contact hours.
What is Benchmark's claims process?
Benchmark's official website states the following about its claims process.
"Benchmark Insurance Company partners with third-party administrators (TPAs) to provide comprehensive claims services. To submit a claim, please contact the claims office found on your insurance policy."
Does Benchmark create a user-friendly experience for customers?
Benchmark could benefit greatly from adding a bit more to their website, such as coverage details, phone contact hours, discount information, etc. Their user-friendliness is lacking a bit compared to other carriers.
Does Benchmark have good property & casualty insurance?
Benchmark provides several coverage options for customers under property & casualty insurance. Their official website states that their coverage can protect against the following risks.
- Natural disasters
- Professional E&O liability
- Cyber risk
- Product liability
- Commercial auto
- Property damage and business interruption
- General liability
- Commercial liability
- And many other risks
An independent insurance agent can help you find more information about Benchmark's insurance products and further coverage details.
Is Benchmark a good insurance company?
Benchmark Insurance Company has been highly rated by AM Best and provides several types of coverage for its customers. However, the company is not rated by the Better Business Bureau and it's difficult to find customer feedback, which makes it difficult to determine whether they can be named a good company overall.
Benchmark Insurance Company Customer Reviews
|I thought that the insurance offered was pretty good. Great price, good coverage, and clear-cut disclaimers, and no hidden fees.|
TrustedChoice.com's Final Review
We award Benchmark Insurance Company a final rating of 2.5 out of 5 stars. Though the carrier is highly rated by AM Best, they have not been evaluated by the Better Business Bureau. It's also difficult to find much information about their insurance products or discounts.
Benchmark Insurance Company also does not have an obvious social media presence, nor do they specify contact hours or a claims time frame response. Overall, we recommend working together with an independent insurance agent to survey your other options for coverage in your area, and skip looking into Benchmark.
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