What Are the Key Differences Between Embroker and Hiscox Business Owner’s Policy?
Which One Will Take You
Hiscox's excluded states are Alaska, Florida, Kansas, Ohio, Rhode Island, Washington and West Virginia. Embroker's page names no excluded states, and it counts a home office as a qualifying location. Choose Hiscox if you're outside those seven states and want to know up front who insures you; choose Embroker if you're in one of them and have fewer than 100 employees and under $10 million in revenue. [5] [1]
Knowing Your Insurer
Hiscox insures its own BOP, so you know from the first screen who pays claims. Embroker's page names no insurer, so you'll only learn that from the quote. [2] [5] [1]
Adding Cyber, Auto and Crime
Hiscox adds cyber, hired and non-owned auto, and commercial crime to the BOP itself; the auto and crime upgrades share the BOP's per-occurrence limit. Embroker adds professional liability, employment practices and property extras such as spoiled merchandise or mechanical breakdown, but puts cyber and workers’ comp on separate policies. If you need hired auto, Hiscox names it and Embroker doesn't. [3] [6] [4] [1]
What Should You Confirm in Embroker and Hiscox Business Owner’s Policy Quotes?
- Check your state against Hiscox's list, and your headcount and revenue against Embroker's limits. [5] [1]
- Ask Embroker which insurer issues the policy and whether it sells in your state. [1]
- Ask Embroker whether hired and non-owned auto is available, and what a separate cyber policy adds to the cost. [1]
- Get limits in writing from both; neither publishes standard limits. [3] [1]