Insureon
$88/mo book average. 63% of customers pick $1M/$1M limits. Industry-wide range $400-$7,000/yr. Broker-aggregator model (compares quotes from multiple carriers).
What this insurer actually costs.
Published $88/mo book average. Industry-wide annual range $400-$7,000 (Insureon compares quotes from multiple carriers, so its range is the broadest in the cohort). Coverage limits $250K-$5M. 63% of Insureon customers pick $1M/$1M limits per their published data.
How this insurer makes its money.
Broker-aggregator. Insureon doesn't issue policies itself — it quotes across a panel of carriers (Hiscox, Hartford, Travelers, Liberty Mutual, others) and binds with whichever carrier offers the best rate for the buyer's risk profile. The structural advantage for buyers is access to multiple carriers in one quote process. The trade is that Insureon's published rates are aggregates across carriers, so the rate you actually get depends on which carrier underwrites you.
Best for. Worst for.
Best for: small businesses across professional services where the buyer wants a broker to do the carrier-shopping. Mid-complexity risk profiles where multiple carriers might quote differently. Worst for: ultra-low-risk professions (NEXT direct is cheaper) and high-risk professions (need a specialist broker for those classes).
What to verify before signing.
Ask which carrier Insureon is binding you with (the answer changes everything — Hiscox vs Travelers vs Liberty Mutual). Confirm whether your renewal goes back through Insureon or directly to the underwriting carrier. Verify the AM Best rating of the bound carrier. Check policy-form differences between carriers — some include defence-outside-the-limit, others don't.