Three Business Insurance Reviews: Get Protected Now! Read the Latest

Read the Latest Three Business Insurance Reviews

Business insurance is necessary to protect your business from unplanned events that can cost money. There are many insurance companies, and plans can be hard to figure out which are best for business.

Cove Markets will provide THREE business insurance reviews, evaluating three leading insurance providers’ coverage options, pricing, and customer service.

THREE Insurance Overview

THREE Insurance Overview

Three is a business insurance brand in the larger Berkshire Hathaway family. As such, it has a reputation for offering quality coverage to its policyholders.


  • Three offers a variety of insurance products, including property, liability, and workers’ compensation insurance.
  • The company is known for its comprehensive coverage options, which can be customized to fit unique needs.
  • Three provides online resources and tools to help businesses manage their policies and file claims.


  • Berkshire Hathaway gives Three a strong financial base, which provides customers that their claims will be paid.
  • The company’s insurance goods are priced, which makes it a good choice for companies looking to save money.
  • The customer service team at Three is known for being quick to respond and helpful.


  • Three’s coverage may be limited, restricting its desirability to some enterprises.
  • Tech-savvy firms may struggle with the company’s web tools.
  • Three may be less well-known or established than other insurance, influencing a business’s choice.

What Does Three Insurance Cover?

Insurance protects businesses from unexpected events. Several types of insurance policies are available.

General liability insurance

This insurance protects firms from third-party lawsuits for personal injury, property damage, and other difficulties that may emerge during company operations.

The policy typically covers the injured party’s legal defense costs, settlement or judgment costs, and medical expenses.

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Cybersecurity insurance

Cyber threats are a significant concern for businesses. Cybersecurity insurance covers losses caused by data breaches, hacking, viruses, or other cyber incidents.

This policy typically covers costs associated with investigating the breach, notifying affected parties, and restoring damaged systems.

Workers’ compensation insurance

This insurance policy protects employees injured or ill due to their work. It covers medical expenses, lost wages, and rehabilitation costs for the employee.

The policy also protects the employer from lawsuits related to workplace injuries.

How To Get a Business Insurance Quote from Three

1. Research

Begin by researching the various types of coverage offered by Three, such as liability coverage, property coverage, business interruption coverage, cyber liability coverage, and workers’ compensation coverage.

Determine which types of coverage are most relevant to business needs.

2. Gather Information

Before you ask for a quote, you should gather important information about your business. Such as:

  • The type of work you do
  • The number of workers you have
  • Your yearly revenue
  • Any insurance claims you’ve made in the past

3. Contact Three

Visit the Three websites or call their customer service hotline to speak with a representative. Please give them the info and coverage you want.

4. Receive Your Quote

After evaluating your business information and coverage requirements, Three will provide a customized insurance quote. This quote will outline your policy’s proposed coverage, limits, deductibles, and premiums.

5. Compare Quotes

It’s essential to compare quotes from multiple insurance providers to ensure you receive the best coverage at the most competitive price.

Take the time to review the details of each quote, paying close attention to the scope of coverage, exclusions, and any additional features or endorsements.

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6. Make a Decision

Once you have compared quotes and carefully reviewed your options, select the policy that best meets your business needs and budget.

THREE Small Business Insurance Policy Cost

THREE Small Business Insurance Policy Cost

General Liability Insurance

From $500 to $3,000 per year, general liability insurance can cost.

For example, a small IT consulting firm may pay around $500 per year for general liability insurance. In contrast, a construction company pays $3,000 or more due to the higher risk of accidents and property damage.

Workers’ Compensation Insurance

Workers’ compensation insurance varies by state and industry. But the average price for small businesses is around $2 per $100 payroll.

For example, a small retail store earning $200,000 per year would pay around $4,000 for this insurance.

Property Insurance

You can pay anywhere from $500 to $10,000 per year for property insurance. For example, a small restaurant may pay around $5,000 per year for property insurance to cover the value of their building, equipment, and inventory.

In comparison, a home-based business may pay only $500 for its business coverage.

How to File a Claim with THREE

The first step in filing a claim with THREE is to call their customer service department. This initial call is crucial as it sets the wheels for the claims process. And you must provide details about the incident, including the date, time, location, and other relevant information.

Your policy number is also essential, as the customer service representative will require this. Once the initial call has been made, THREE will assign an account manager to handle your claim.

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This account manager will be your single point of contact throughout the process, eliminating the need to call multiple insurers or navigate through various departments.

The account manager will work closely with you to gather all necessary documentation and information to support your claim.

In addition to providing the required information, it is crucial to understand the timeline of your claim. Ask your account manager about deadlines for submitting additional information or resolving claim disputes.

This will help you avoid missing critical deadlines and ensure your claim is processed efficiently. During the claims process, it is essential to maintain thorough and organized records related to the incident.

This includes keeping track of the names and phone numbers of everyone you speak with at THREE and copies of any bills or documents related to the accident.

Should You Choose Three for Business Insurance?

Whether or not to choose all three types of insurance for your business ultimately depends on your unique needs and circumstances.

Each insurance coverage protects your organization from various risks and responsibilities. Therefore, it may be beneficial to consider all three types of insurance to ensure comprehensive coverage. So, getting advice from an experienced insurance agent or broker can also help you.

FAQs about Three Insurance

FAQs about Three Insurance

Who is the CEO of three insurance?

The CEO of Three Insurance is John A. Barclay. He serves as the President and CEO at Three Holdings Inc., an insurance investment company focused on the MGA (Managing General Agent) channel.

What is business insurance good for?

Business insurance protects businesses from financial losses associated with unexpected events. Such as:

  • Property damage
  • Lawsuits
  • Loss of income
  • Theft
  • Employee injuries
  • Illnesses
  • Workers’ compensation
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It helps manage risks and provides financial protection for various situations during normal business operations.

Is all business insurance the same?

No, all business insurance is not the same. Various business insurance policies are available and tailored to meet different business needs.

For example, a business that operates out of a physical location may require property insurance. That protects against damage or loss to its building, equipment, and inventory.

On the other hand, a business that provides professional services may need professional liability insurance to protect against claims of negligence or errors and omissions.

What is the name of the fee paid for an insurance policy?

The fee paid for an insurance policy is called a premium. The premium is the amount the policyholder pays to the insurance company in exchange for the coverage provided.

The premium can be paid in a lump sum or installments, depending on the insurance policy terms.

The amount of the premium is typically based on various factors. And it includes the coverage level, the policy type, and the business’s size and nature.

Why is it important to review your business insurance policies?

Reviewing your business insurance policies periodically is crucial to ensure that you have adequate coverage for your current business needs.

As your business grows and evolves, your insurance needs may change. Then you may require additional coverage or different types of insurance.

How often should I review my business insurance policies?

You should review business insurance policies at least once a year. It can help you keep your coverage current and meet your current needs.

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However, if your business undergoes significant changes, you may need to review your policies more frequently.

What should I look for when reviewing my business insurance policies?

When reviewing your business insurance policies, you should look for gaps in coverage, outdated policies, or changes in your business operations that may require additional insurance coverage.

You should also review your policy limits and deductibles to ensure they are still appropriate for your business.

Can I make changes to my business insurance policies after I purchase them?

Yes, you can change your business insurance policies after you purchase them. However, it’s important to note that making changes may result in your premiums and coverage limits.

Before making changes to your insurance contract, you should always talk to your insurance agent or provider.


Your firm must have enough insurance to protect your money, regardless of size. You can rest easy knowing your business is covered with the right insurance. Moreover, compare business insurance options and choose the finest one.

Start looking now and contact us to help you find the right protection for your business.

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