Xl Specialty Insurance Company: Customer Ratings & Reviews [2024]

Explore tailored risk management solutions for businesses with XL Specialty Insurance Company, offering a comprehensive range of insurance products and services to safeguard assets and mitigate risks.

UPDATED: Jan 2, 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: Jan 2, 2024Fact Checked

Chris Abrams

Licensed Insurance Agent

Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed life and health insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chr...

Licensed Insurance Agent

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: Jan 2, 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: Jan 2, 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: Jan 2, 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: Jan 2, 2024Fact Checked
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XL Specialty Insurance Company

Average monthly rate for good drivers:

$104

A.M. Best rating:

A (Excellent)

Complaint level:

Low

Pros

  • Offers customized insurance solutions for businesses of all sizes
  • Competitive pricing and comprehensive coverage options
  • Positive customer reviews for excellent customer service

Cons

  • No mention of discounts for safe driving or good driving habits
  • Limited information on coverage options for personal insurance needs

Final Verdict: Review of XL Specialty Insurance Company

XL Specialty Insurance Company offers a wide range of insurance products and services to businesses of all sizes, with a focus on providing customized risk management solutions. The company offers coverage options such as property, casualty, professional liability, and cyber insurance, among others.

While XL Specialty Insurance Company may not offer discounts for safe driving or good driving habits, businesses can potentially save money through bundling policies or implementing loss control measures. The company has a strong reputation for excellent customer service and has received positive customer reviews.

With 24/7 claims reporting and a mobile app for policyholders, XL Specialty Insurance Company aims to provide convenient and comprehensive coverage for businesses looking to protect their assets.

Are you searching for an insurance company that offers customized solutions for your business needs? Look no further than XL Specialty Insurance Company. With its extensive experience and diverse range of insurance products, XL Specialty Insurance Company is an industry leader in providing tailored insurance solutions for businesses of all sizes. In this review, we will explore the history and mission of XL Specialty Insurance Company, the products and services they offer, costs, states they operate in, discounts available, customer reviews, and more.

What You Should Know About XL Specialty Insurance Company

Company Contact Information

  • Address: 1 World Financial Center, 200 Liberty Street, New York, NY 10281
  • Phone: (212) 915-6000
  • Website: https://xlcatlin.com/

Related Parent or Child Companies

  • XL Specialty Insurance Company is a subsidiary of AXA XL, a division of AXA Group.

Financial Ratings

  • A.M. Best rating: A (Excellent)
  • Standard & Poor’s rating: A+ (Strong)
  • Moody’s rating: A2 (Good)

Customer Service Ratings

  • According to customer reviews on Trustpilot, XL Specialty Insurance Company has a rating of 4.3 out of 5 stars.
  • The company has been recognized for its excellent customer service and responsiveness by industry publications, including Business Insurance.

Claims Information

  • XL Specialty Insurance Company offers 24/7 claims reporting through its website or by phone.
  • Claims can be filed online or through a dedicated claims team by phone or email.

Company Apps

  • XL Catlin has developed a mobile app called XL Go that provides easy access to policy information, claims reporting, and other resources for policyholders. The app is available for download on both the App Store and Google Play.

XL Specialty Insurance Company Insurance Coverage Options

XL Specialty Insurance Company provides a diverse array of insurance coverage options tailored to meet the unique needs of businesses. Here is a bullet list outlining some of the coverage options offered by the company:

  • Property Insurance: XL Specialty Insurance Company offers property insurance to protect businesses against the financial impact of damage or loss to their physical assets, including buildings, equipment, and inventory. This coverage helps businesses recover from events such as fires, natural disasters, or theft.
  • Casualty Insurance: Casualty insurance from XL Specialty provides coverage for liability risks that may arise from third-party claims, including bodily injury and property damage. It helps businesses manage the financial consequences of legal claims and lawsuits.
  • Professional Liability Insurance: Also known as errors and omissions (E&O) insurance, this coverage safeguards businesses and professionals from financial losses associated with claims of negligence, errors, or omissions in the services provided. It is particularly relevant for industries where professional advice is a core component of the business.
  • Cyber Insurance: XL Specialty’s cyber insurance is designed to protect businesses from the financial fallout of data breaches, cyberattacks, and other cyber-related incidents. This coverage helps with the costs associated with data recovery, legal expenses, and potential liability arising from a cyber event.

Each insurance policy is customized to ensure comprehensive coverage, addressing the specific risks faced by businesses. The focus on risk management solutions aims to help businesses protect their assets effectively.

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XL Specialty Insurance Company Insurance Rates Breakdown

Driver ProfileXlNational Average
Clean Record$100$119
1+ Ticket$117$147
1+ Accident$133$173
DUI$206$209
Poor Credit$172$205

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

XL Specialty Insurance Company Discounts Available

DiscountsXl
Anti Theft6%
Good Student13%
Low Mileage8%
Paperless5%
Safe Driver11%
Senior Driver8%

Discover potential savings and tailored solutions for your business with XL Specialty Insurance Company. While traditional safe driving discounts may not be the highlight, the company offers unique opportunities to reduce costs through strategic measures. Explore the various discount options designed to reward responsible risk management and comprehensive coverage.

  • Bundling Policies: XL Specialty Insurance Company may offer discounts for businesses that bundle multiple insurance policies. This can include combining property, casualty, and professional liability coverage, among others.
  • Good Loss History: Businesses with a positive loss history, indicating a lower frequency of claims, may be eligible for discounts. Maintaining a strong loss history demonstrates responsible risk management.
  • Loss Control Measures: Implementing loss control measures, such as safety protocols and risk management practices, may lead to potential discounts. XL Specialty encourages businesses to take proactive steps in minimizing risks.

At XL Specialty Insurance Company, it’s not just about driving habits; it’s about securing your business intelligently. Take advantage of discounts by bundling policies, maintaining a positive loss history, and implementing effective loss control measures.

How XL Specialty Insurance Company Ranks Among Providers

XL Specialty Insurance Company operates in a competitive landscape where it contends with several prominent players in the insurance industry. Here’s a brief overview of some of its main competitors:

  • AIG (American International Group): A global insurance giant, AIG offers a comprehensive range of insurance products and services to both businesses and individuals worldwide. Its extensive reach and diverse offerings make it a formidable competitor in the industry.
  • Chubb: Chubb specializes in providing high-end personal and commercial insurance solutions. With a focus on tailored coverage and risk management, Chubb competes directly with XL Specialty in the realm of specialized insurance services.
  • Zurich Insurance: Zurich Insurance is a multinational insurer with a presence in over 170 countries. It provides insurance and risk management solutions to businesses globally, competing with XL Specialty in offering diverse coverage options on an international scale.
  • Liberty Mutual: A leading provider of personal and commercial insurance products, Liberty Mutual is known for its broad range of offerings. It competes with XL Specialty in providing comprehensive coverage solutions to businesses of varying sizes.
  • Travelers: Travelers is a well-established insurance company offering a broad spectrum of insurance products and services. Its competitive edge lies in providing coverage tailored to the unique needs of businesses, aligning with XL Specialty’s approach.

In a dynamic and evolving insurance market, XL Specialty Insurance Company distinguishes itself through its emphasis on customized risk management solutions. While each competitor brings its strengths to the table, XL Specialty’s focus on providing tailored coverage and competitive pricing positions it as a noteworthy player in the industry.

Xl Specialty Insurance Company Claims Process

Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)

XL Specialty Insurance Company prioritizes a seamless claims process for its clients. Policyholders have the flexibility to file claims through various channels, including an online portal, over the phone, and through the mobile app. This multi-channel approach ensures that businesses can choose the method most convenient for them, streamlining the claims submission process.

Average Claim Processing Time

Efficiency is key in the claims processing department at XL Specialty. The company strives to expedite claim resolutions promptly. While individual claim processing times may vary based on the complexity of the case, the commitment to a swift and transparent process remains consistent.

Customer Feedback on Claim Resolutions and Payouts

Customer satisfaction is paramount, especially when it comes to claim resolutions and payouts. XL Specialty Insurance Company has garnered positive feedback for its fair and prompt settlement of claims. Clients appreciate the transparency in the process and the company’s commitment to ensuring a smooth and satisfactory resolution.

Xl Specialty Insurance Company Digital and Technological Features

Mobile App Features and Functionality

XL Specialty Insurance Company stands out with its user-friendly mobile app, XL Go. The app provides policyholders with convenient access to policy information, claims reporting, and other essential resources. Its intuitive design ensures a seamless user experience, allowing businesses to manage their insurance needs on the go.

Online Account Management Capabilities

The company’s online account management capabilities empower clients to have greater control over their insurance policies. From policy updates to documentation retrieval, businesses can efficiently manage their accounts through the user-friendly online portal. This digital convenience enhances accessibility and transparency in policy management.

Digital Tools and Resources

XL Specialty Insurance Company invests in cutting-edge digital tools and resources to support its clients. These include educational resources, risk management tools, and other digital assets aimed at helping businesses make informed decisions. The company’s commitment to leveraging technology ensures that clients have access to a robust suite of resources to enhance their risk management strategies.

Frequently Asked Questions

What is XL Specialty Insurance?

XL Specialty Insurance is a division of AXA XL, a subsidiary of the global insurance and financial services company AXA. XL Specialty Insurance focuses on providing specialized insurance solutions to businesses facing unique and complex risks.

Does XL Specialty Insurance Company offer coverage for businesses of all sizes?

Yes, XL Specialty Insurance Company offers insurance solutions for businesses of all sizes, from small businesses to large corporations.

Does XL Specialty Insurance offer discounts for safe driving or good driving habits?

While traditional safe driving discounts may not be a focus, XL Specialty Insurance Company offers potential savings through bundling policies, maintaining a positive loss history, and implementing loss control measures. The availability of discounts may vary based on the type of insurance policy and individual business circumstances.

What is XL Go, and how does it benefit policyholders?

XL Go is the mobile app developed by XL Specialty Insurance Company. It provides policyholders with easy access to policy information, claims reporting, and other resources. The app, available for download on both the App Store and Google Play, enhances the overall convenience of managing insurance needs on the go.

What is the claims process like with XL Specialty Insurance Company?

The claims process at XL Specialty is designed for ease and efficiency. Businesses can file claims online, over the phone, or through the mobile app. The company aims for a swift resolution, and customer feedback reflects positive experiences with transparent and fair claim settlements.

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Chris Abrams

Licensed Insurance Agent

Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed life and health insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chr...

Licensed Insurance Agent

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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