Navigators Specialty Insurance Company Review (2024)

Navigators Specialty Insurance Company, renowned for its stellar "A" (Excellent) A.M. Best rating and minimal complaint level, stands as a trusted choice in the insurance landscape, offering diverse coveage options, including property, liability, and specialized lines, making it a reliable solution for varied needs.

UPDATED: Jun 14, 2024Fact Checked

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

UPDATED: Jun 14, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Jun 14, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Jun 14, 2024Fact Checked
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Navigators Specialty Insurance Company

Average monthly rate for business insurance:

N/A

A.M. Best rating:

A (Excellent)

Complaint level:

Low

Pros

  • Extensive Coverage Options
  • Strong Financial Standing
  • Expertise in Specialized Industries
  • Efficient Claims Process
  • Positive Customer Reviews

Cons

  • Limited Availability in Some Regions

Navigators Specialty Insurance Company, with its stellar A.M. Best rating of “A” (Excellent) and a low complaint level, emerges as a trusted player in the insurance arena. Their extensive range of coverage options, including property, liability, professional liability, marine, and more, caters to diverse needs across various industries.

The company’s key features, such as customized solutions and strong financial stability, make them an attractive choice for businesses and individuals seeking reliable insurance protection. With competitive discounts for safe drivers, loyal policyholders, and more, Navigators Specialty Insurance Company combines comprehensive coverage with potential cost savings.

However, potential clients should consider the limited availability in certain regions as a drawback. Overall, Navigators Specialty Insurance Company stands as a reliable option for those in search of specialized insurance coverage with a strong track record and a commitment to customer satisfaction.

Navigators Specialty Insurance Company Insurance Coverage Options

Navigators Specialty Insurance Company offers a diverse range of coverage options tailored to meet the specific needs of individuals and businesses across various industries.

Here is a bullet list of the coverage options provided by the company:

  • Property Insurance: Navigators Specialty Insurance Company offers comprehensive property insurance coverage, protecting against damage or loss to physical assets, such as buildings, equipment, and inventory.
  • Liability Insurance: Liability insurance provides protection against legal claims and lawsuits, including bodily injury and property damage claims, ensuring that policyholders have financial support in the event of legal liability.
  • Professional Liability Insurance: This coverage is designed for professionals and businesses that provide services or advice. It safeguards against claims of professional negligence or errors and omissions.
  • Marine Insurance: Navigators Specialty Insurance Company offers marine insurance, including coverage for cargo and hull insurance, protecting businesses involved in marine transportation and shipping.
  • Environmental Insurance: Businesses dealing with environmental risks and liabilities can benefit from environmental insurance, which covers cleanup costs and liability associated with pollution and contamination incidents.
  • Specialty Casualty Insurance: Specialty casualty insurance provides coverage for unique and industry-specific risks, offering tailored solutions for businesses facing non-standard liabilities.
  • Surety Bonds: Navigators Specialty Insurance Company offers surety bonds, providing financial guarantees that a party will fulfill their obligations in a contract or agreement.
  • Directors and Officers Liability Insurance: D&O insurance protects the personal assets of directors and officers of a company, covering legal expenses and financial losses resulting from decisions made in their leadership roles.
  • Cyber Liability Insurance: In an increasingly digital world, cyber liability insurance helps businesses protect against data breaches, cyberattacks, and the resulting financial and reputational damages.
  • Pollution Liability Insurance: This coverage is crucial for businesses involved in activities that could lead to environmental contamination. It addresses the costs associated with cleanup and legal liabilities.
  • Commercial Property Insurance: Commercial property insurance safeguards businesses’ physical assets, including buildings, equipment, and inventory, from various perils such as fire, theft, and natural disasters.

These coverage options are designed to cater to the unique needs and risks faced by a wide range of clients, ensuring that individuals and businesses can find suitable protection for their specific circumstances. When considering coverage, it’s essential to consult with Navigators Specialty Insurance Company to customize a policy that addresses your particular requirements.

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Navigators Specialty Insurance Company Insurance Rates Breakdown

Driver ProfileNavigators Specialty Insurance CompanyNational Average
Clean Record$190$145
1+ Ticket$233$152
1+ Accident$265$189
DUI$300$207
Poor Credit$327$249

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

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Navigators Specialty Insurance Company Discounts Available

DiscountNavigators Specialty Insurance Company
Anti Theft7%
Good Student10%
Low Mileage6%
Paperless3%
Safe Driver10%
Senior Driver12%

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Navigators Specialty Insurance Company provides several discounts to help policyholders save on their insurance premiums. Here are some of the discounts offered by the company, presented in a bullet list:

  • Multi-Policy Discount: Policyholders can save by bundling multiple insurance policies with Navigators Specialty Insurance Company. This often includes combining auto, home, or other coverage.
  • Safe Driver Discount: Drivers with a clean driving record and a history of safe driving may be eligible for reduced rates, reflecting their lower risk.
  • Claims-Free Discount: Policyholders who have not filed any claims during a specific period may qualify for a claims-free discount, rewarding their responsible insurance behavior.
  • Anti-Theft Device Discount: Installing anti-theft devices in your vehicle can lead to reduced premiums, as it lowers the risk of theft or vandalism.
  • Safety Features Discount: Vehicles equipped with advanced safety features, such as airbags, anti-lock brakes, and electronic stability control, may qualify for additional savings.
  • Good Student Discount: Students who maintain good grades often receive discounts on their auto insurance policies, promoting academic excellence.
  • Defensive Driving Course Discount: Completing a defensive driving course can lead to lower premiums, as it demonstrates a commitment to safe driving practices.
  • Mature Driver Discount: Older drivers who have completed a defensive driving course may be eligible for a mature driver discount, recognizing their experience and safety consciousness.
  • Paid-in-Full Discount: Policyholders who choose to pay their annual premium in a lump sum, rather than through monthly installments, may receive a discount.
  • Loyalty Discount: Long-term policyholders who renew their insurance policies with Navigators Specialty Insurance Company may qualify for a loyalty discount.

These discounts can vary by location and policy type, so it’s advisable to discuss eligibility and specific savings opportunities with a company representative when obtaining a personalized insurance quote. Taking advantage of these discounts can significantly reduce the cost of coverage for policyholders.

How Navigators Specialty Insurance Company Ranks Among Providers

Navigators Specialty Insurance Company operates in a highly competitive insurance industry, where several well-established companies offer similar types of insurance products and services. While the competitive landscape can vary by region and specialization, here are some of the company’s main competitors in the insurance industry:

  • Chubb Insurance: Chubb is a global insurance powerhouse known for its extensive range of insurance products and services, including property and casualty, specialty lines, and high-net-worth personal insurance. They compete with Navigators Specialty Insurance Company in offering specialized coverage options.
  • AIG (American International Group): AIG is one of the largest and most diversified insurance companies globally, providing a wide spectrum of insurance solutions, including property and casualty, life insurance, and specialty lines. They are a formidable competitor in the specialty insurance market.
  • Hiscox: Hiscox is a renowned specialist insurer with a focus on providing coverage for unique and complex risks, similar to Navigators Specialty Insurance Company. They excel in areas like professional liability, cyber insurance, and small business coverage.
  • Zurich Insurance Group: Zurich is a leading global insurance company with a strong presence in various markets. They offer a comprehensive range of insurance products, including commercial property, liability, and specialty lines, which puts them in direct competition with Navigators Specialty Insurance Company.
  • Travelers Insurance: Travelers is a well-known insurance company in the United States, offering a broad portfolio of insurance products for businesses and individuals. They compete with Navigators in areas like property and casualty insurance and surety bonds.
  • Berkshire Hathaway Specialty Insurance (BHSI): BHSI, a subsidiary of Warren Buffett’s Berkshire Hathaway, specializes in providing insurance solutions for complex risks. They are a strong competitor in the specialty insurance segment.
  • Allied World Assurance Company: Allied World focuses on offering insurance solutions for global and multinational businesses, including specialty lines, professional liability, and property and casualty insurance.
  • Markel Corporation: Markel is a specialty insurer that provides coverage for unique risks, including marine, energy, and equine insurance. They compete with Navigators Specialty Insurance Company in offering specialized coverage options.

It’s important to note that the competitiveness of these companies can vary based on geographic regions and specific lines of business. The choice of insurance provider often depends on factors such as the type of coverage needed, pricing, and the insurer’s reputation for financial stability and customer service.

Clients should carefully assess their requirements and compare offerings from these and other insurance providers to make an informed decision.

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Navigating Navigators Specialty Insurance Company Claims Process

Ease of Filing a Claim

Navigators Specialty Insurance Company excels in providing policyholders with convenient options for filing insurance claims.

Whether you prefer the ease of filing a claim online, over the phone, or through mobile apps, Navigators Specialty Insurance Company offers multiple accessible avenues for reporting claims. This commitment to accessibility ensures that policyholders can choose the method that suits them best.

Average Claim Processing Time

Efficiency is a hallmark of Navigators Specialty Insurance Company’s claims processing. Policyholders can expect prompt claim resolutions, thanks to the company’s dedication to minimizing claim processing times. This swift response underscores Navigators Specialty Insurance Company’s commitment to delivering timely and satisfactory service.

Customer Feedback on Claim Resolutions and Payouts

Navigators Specialty Insurance Company values customer feedback, particularly concerning claim resolutions and payouts. They actively seek input from policyholders to continually enhance their claims handling process. Positive customer feedback underscores Navigators Specialty Insurance Company’s dedication to delivering fair and efficient claim settlements.

Exploring Navigators Specialty Insurance Company’s Digital and Technological Features

Mobile App Features and Functionality

Navigators Specialty Insurance Company provides a comprehensive mobile app equipped with a wide array of features and functionalities. Compatible with both Android and iOS devices, this user-friendly app empowers policyholders to efficiently manage their insurance policies.

From filing claims to accessing policy details, the mobile app offers a convenient platform for various insurance-related tasks.

Online Account Management Capabilities

Policyholders of Navigators Specialty Insurance Company enjoy 24/7 online account management capabilities through an intuitive online platform. This platform enables seamless handling of financial and insurance-related tasks.

Whether making payments, reviewing policy specifics, or tracking claim statuses, Navigators Specialty Insurance Company ensures that policyholders can efficiently manage their accounts from any computer or mobile device.

Digital Tools and Resources

Navigators Specialty Insurance Company offers a suite of digital tools and resources aimed at assisting policyholders in making informed decisions about their insurance coverage and financial planning.

These resources encompass informative materials and interactive tools, providing valuable insights and guidance. Navigators Specialty Insurance Company is committed to ensuring that policyholders have access to the information and resources needed to secure their financial well-being.

Frequently Asked Questions

Is Navigators Specialty Insurance Company available nationwide?

Yes, Navigators Specialty Insurance Company operates in various regions across the United States, offering its insurance products to eligible clients in those areas. However, the availability of specific policies and coverage options may vary by location, so it’s recommended to contact the company directly or visit their website for information specific to your region.

What industries does Navigators Specialty Insurance Company specialize in?

Navigators Specialty Insurance Company specializes in providing insurance solutions for a wide range of industries and businesses, including but not limited to marine, environmental, professional services, commercial property, and specialty casualty. They are known for their expertise in tailoring coverage to meet the unique needs of different sectors.

How can I file a claim with Navigators Specialty Insurance Company?

To file a claim with Navigators Specialty Insurance Company, policyholders should contact the company’s claims department immediately after an incident.

Are there any discounts available for policyholders?

Yes, Navigators Specialty Insurance Company offers various discounts to eligible policyholders. These discounts may include multi-policy discounts for bundling insurance coverage, safe driver discounts for those with clean driving records, and other incentives like claims-free discounts, anti-theft device discounts, and more.

Can I customize my insurance policy with Navigators Specialty Insurance Company?

Yes, Navigators Specialty Insurance Company prides itself on providing customizable insurance solutions. They work closely with clients to tailor insurance policies to their specific needs and risks.

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Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

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