InsuredBetter's Berkley Select Insurance Score
3 Stars
We award Berkley Select a final rating of three out of five stars. The carrier has excellent official ratings by AM Best and the Better Business Bureau (BBB). While the carrier is not BBB-accredited, it has zero customer complaints filed against it through the organization, which is noteworthy and impressive.
Founded in 1992, Berkley Select is a leading provider of professional liability insurance products to a broad range of businesses, professional services firms, and organizations. The carrier is one of the more than 50 portfolio companies of W.R. Berkley Corporation, a Fortune 500 P&C holding company that operates worldwide in both insurance and reinsurance. Berkley Select offers its coverage in all 50 states and Washington, D.C.
Berkley Select also works exclusively with independent insurance agents, which is a huge advantage in our books. Independent insurance agents will get to know you and your business, and can provide the personalized service you need, no matter which carrier you choose. If you are in need of professional liability insurance, we recommend looking into Berkley Select with the help of your independent insurance agent.
Berkley Select Pros and Cons:
| Pros: | Cons: |
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Longstanding carrier, founded in 1992
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Not a BBB-accredited company
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Specializes in professional liability insurance
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No discount information available
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A subsidiary of the W.R. Berkley Corporation, a Fortune 500 property and casualty holding company
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Limited claims process information available
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Rated “A+” (Superior) by AM Best
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Limited social media presence
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Rated “A+” (Excellent) by the Better Business Bureau (BBB)
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Nationwide coverage
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Berkley Select Insurance Products by Type
Berkley Select offers a wide variety of professional liability insurance and commercial insurance products, including the following.
Business Insurance:
- Lawyers professional liability insurance
- Executive liability insurance
- Accountants professional liability insurance
- Directors and officers insurance
- Nonprofit liability insurance
- Employment practices liability insurance
- Fiduciary insurance
- Affinity program solutions
Berkley Select Business Insurance Average Prices
Berkley Select does not make its average business insurance rates readily available online without requesting a quote. However, an independent insurance agent can help you find specific quotes for the exact amount of commercial insurance you need and also compare quotes from multiple carriers for you. You can get a better idea of how much a commercial insurance policy might cost you by using our business insurance calculator.
What Discounts Does Berkley Select Offer?
Berkley Select does not publish information about discounts or savings opportunities. A local independent insurance agent can help you find information about Berkley Select's exact discounts and other money-saving opportunities.
Berkley Select Customer Service
Here's an overview of the customer service options and availability from Berkley Select.
- Phone
- Fax
- Snail mail
- Online claims reporting
The customer service phone department does not publish its hours.
| Day(s) | Hours |
| Monday-Sunday | NOT SPECIFIED |
If you purchased your policy from an independent insurance agent, you’re encouraged to contact your agent for any questions or service issues. An independent agent can advocate on your behalf.
Berkley Select Insurance FAQs
What is Berkley Select’s average claims response time frame?
Berkley Select does not publish an average claims response time frame.
What is Berkley Select’s customer service availability?
Berkley Select is available by phone, email, fax, snail mail, or an online contact form. Customers may find faster service by first contacting their independent insurance agent. The Berkley Select claims department is staffed with experienced professional liability specialists.
What is Berkley Select’s claims process?
Berkley Select’s customers can report a claim using an online form, which will be sent to the appropriate claim personnel. The carrier does not detail its step-by-step claims process beyond how to file. An independent insurance agent can assist customers with filing claims and more.
Does Berkley Select create a user-friendly experience for customers?
Berkley Select has a simple and easy-to-navigate website. Most service issues must be resolved by calling the company or working with an independent insurance agent. Customers can initiate the claims process by filling out an online form.
However, the carrier does not publish its specific customer service phone department hours or allow 24/7 claims reporting by phone. Overall, Berkley Select falls a little behind other modern carriers in terms of user friendliness.
Does Berkley Select have good professional liability insurance?
Berkley Select specializes in professional liability insurance, allowing its underwriters and claims personnel to be experts. It has experienced leadership and a good reputation for underwriting complex exposures. It can be said that Berkley Select has good professional liability insurance.
Is Berkley Select a good insurance company?
Berkley Select is a specialty professional liability insurer backed by the financial strength and vast resources of W.R. Berkley Corporation. Thanks to its high ratings by AM Best and the BBB, it can be said that Berkley Select is a good insurance company. The carrier also has zero customer complaints filed against it through the BBB.
Who are Berkley Select's insurance products right for?
Berkley Select's insurance products may be right for business owners and other professionals in need of various types of professional liability coverage. The carrier sells its products nationwide.
Sources
https://www.berkleyselect.com
https://ratings.ambest.com/CompanyProfile.aspx?ambnum=3630&AltNum=15883630
https://www.bbb.org/us/il/chicago/profile/insurance-services-office/berkley-select-llc-0654-88541378
