Last Updated 29 October 2018 | By:

AmVenture Business Insurance Review

Are They A Good Fit For Your Business?

AmVenture Business Insurance Review

When you need insurance for your business, it can be difficult to know which of the many carriers is the best choice. While shopping for insurance can be a hassle, it’s one or the most important steps in the early life cycle of any business. Getting the right coverages from a company you can trust is vitally important to your success as a business owner.

AmVenture is a reputable small business insurance provider that’s experiencing steady growth, but that doesn’t necessarily mean they’re a good fit for your company. This review will analyze AmVenture’s business insurance policies to help you determine if their service is right for you.

Pros and Cons of AmVenture Business Insurance

Pros

  1. AmVenture receives near-universal praise in their customer reviews across the web, an uncommon occurrence across the insurance industry.

  2. AmVenture specializes in small business coverage that’s custom-tailored to over 100 common small and home-based business types.

  3. AmVenture offers 24/7 online claim filing, an added level of convenience when you need it most.

  4. AmVenture combines highly competitive pricing models with top-notch customer service.

  5. As a smaller company, AmVenture is able to provide a personal touch while still offering excellent service.

Cons

  1. AmVenture do not provide online quotes. Once you fill out their information form, an agent will contact you to discuss options.

  2. Because they specialize in small business coverage, it is theoretically possible for your business to outgrow AmVenture’s coverage over time.

  3. AmVenture sells insurance provided by third-party affiliated carriers. While AmVenture ensures that these providers have ratings of A or A- from A.M. Best, they are not always forthcoming with the identities of their affiliates.

What Kinds of Business Insurance Does AmVenture Offer?

AmVenture sets their sights solely on providing insurance coverage for small businesses. As such, they specialize in covering a wide variety of small business types, from home-based businesses to companies with up to a dozen employees.

While this isn’t an exhaustive list of everything they offer, these are AmVenture’s most popular policies:

  • Workers’ Compensation
  • General Liability
  • Business Owner’s Policy (BOP)
  • Cyber Liability
  • Disability
  • Employment Liability
  • Commercial Auto
  • Medical Malpractice
  • Paid Family Leave

In addition, AmVenture offers policies tailored specifically to the needs of more than 100 business types, including the following popular professions:

  • Artisan Contractors
  • Bakeries
  • Beauty Salons
  • Bicycle Shops
  • Book Stores
  • Cafes
  • Clothing Stores
  • Contractors
  • Convenience Stores
  • Dentists
  • Distributors and Wholesalers
  • Doctors
  • eCommerce
  • Furniture Stores
  • Grocery Stores
  • Hair Salons
  • Hotels
  • Law Offices
  • Machine Shops
  • Private Schools
  • Processing and Service
  • Professional Offices
  • Restaurants
  • Retail

How Can I Get a Quote From AmVenture?

The best way to obtain a quote from AmVenture is to fill out their brief online form and await a call or email from one of their representatives. Someone should be in touch with you the same day.

How Does AmVenture Rank for Financial Strength?

Because AmVenture sells policies provided by third-party carriers, they do not hold their own financial strength rating. They claim that all of their affiliates have either A- or A ratings with A.M. Best, which are excellent scores. However, because they do not provide a list of all affiliates it is not possible to confirm these ratings.

Customer Reviews

Customer reviews can be a difficult thing to qualify. It’s impossible to determine exactly which policy each reviewer holds and the specific circumstances behind their experience. With insurance, in particular, anyone who has had to file a claim is likely dealing with a difficult situation. Still, there is value in examining how a typical customer views a company since it can give you a glimpse into their general customer support reputation.

For AmVenture, nearly all of their almost 300 reviews are glowing with positive feedback. Customers rave about their fast response times and efficiency when it comes both to purchasing a policy and filing a claim, along with the high quality of their customer service across the board. AmVenture makes business owners feel secure in knowing they’ll be covered in their time of need.

In an industry that’s not known for positive customer reviews, AmVenture’s great marks really stand out.

Final Thoughts

Final ThoughtsOverall, AmVenture earns a score of 3.7 out of 5. It can be a bit difficult to determine exactly what company is providing your insurance policies when you purchase coverage from AmVenture, but aside from that, they really do excel as a small business insurance provider.

If you’re looking for strong price points paired with next-level customer service, AmVenture is worth exploring.

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