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Navigators Insurance Company Auto Insurance Review

  • 33333
Address: 1375 E Woodfield Rd, Suite 720
City: Schaumburg
State: IL
ZIP: 60173
Phone Number: (855) 444-4796
AM Best Rating: A
Market Cap:
Year Founded: 1982
Things to Remember...
  • Navigators Insurance Group is licensed to write commercial property & casualty insurance
  • Navigators Insurance Group strives to help American and British businesses of all kinds to manage risks
  • Navigators Specialty considers high-risk insurance requirements and offers excess and surplus insurance coverage
This Navigators Insurance Company Auto Insurance Review explores the Navigators Insurance Group, Inc. of Rye Brook, New York.

Navigators Insurance Group helps a variety of businesses, including seagoing customers, to manage property & casualty risks in the United States and the United Kingdom.

Navigators Insurance, along with Navigators Underwriting Agency (NUA), focuses on meeting customer’s insurance needs.

When you’re thinking about auto insurance rates, you want to review lots of auto insurance quotes. Request them now by providing your zip code!

Navigators Insurance Group Products and Services

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The company offers a complete array of property & casualty insurance lines, including commercial auto insurance.

In addition, Navigators Insurance Group offers admitted property & casualty products, including package policies for transport, contracting, manufacturing, and real estate companies.

The company doesn’t seek personal dwellings or long-haul transportation, West Coast builders, and construction, or long-haul transportation/trucking companies.

The company isn’t looking to write small to medium-sized business owner policies (BOPs) or workers comp contracts for employers.

In 2011, the company announced it will no longer write auto insurance coverage for small to medium-sized companies.

Navigators Insurance Group provides professional and management liability coverage and general liability coverage for builders and contractors. The company also writes catastrophic risk solutions.

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Navigators Insurance Group Insurance Agents

Navigators Insurance Group uses a national network of independent insurance agents and brokers to distribute and sell its financial services.

The company is selective about its independent agent relationships and wants to build a collaborative relationship with new agencies.

Navigators’ resources can help agencies to develop a-niche-within-a-niche business segments and revenues. The company provides the necessary size and financial strength to offer flexibility and client customization.

Navigators’ goal to foster a paperless environment encourages agents and brokers to submit quotes and policies via a secure intranet.

Commissions earned each month are calculated and paid monthly. Navigators Insurance offers a competitive commission structure and a profit-sharing plan for producers.

The company has developed an international network of wholesale and retail agents and brokers in Sweden, Denmark, and Belgium, and continues to develop affiliates in high-growth China and Brazil markets.

According to the company’s annual report, Navigators Insurance Group continues to control costs and reinvest funds into its operations.

The company says it wants to expand into new products and underserved regional markets. Companies with high-value assets and infrequent loss claims are of special interest to the company.

Navigators Insurance Group created a new subsidiary, Navigators Re, in 2010, to focus on medical expense, agribusiness, and property treaty opportunities throughout the North and South Americas.

Navigators Insurance Company Claims and Financial Information

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The company believes in a fast, efficient, and fair processing of customer claims, according to the company website.

Clients may download claims forms or contact the company by telephone to initiate the claims submission process.

Navigators Insurance Group is publicly-owned and the company’s shares trade on the NASDAQ.

Navigators Insurance Group competes most directly with AXA Corporate Solutions, the Travelers Companies, and Allianz Global Risks.

The company also competes with:

  • Arch Insurance Group
  • Berkshire Hathaway
  • CNA Financial
  • Amica Mutual
  • Aspen Insurance
  • Chubb Corp.
  • ProSight Specialty Insurance Group
  • Specialty Underwriters Alliance
  • Global Indemnity
  • RLI
  • White Mountain Insurance Group
  • Safeco
  • Zurich America

The company employs approximately 494 people in all locations.

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