OneBeacon Auto Insurance Review (2024)

If you are looking for quality commercial insurance, OneBeacon might be the place for you. Their specialized products and keen attention to businesses often left slipping through the cracks is what makes the company so appealing. With upper management averaging 25+ years of experience, you are sure to get good, quality expertise. Because they’re on the smaller side, they may have more room to work with you. This, coupled with their approachability as displays a more personalized touch.

Let’s not forget their superior ratings by credited risk-assessing agencies like A.M. Best, BBB, and Moody’s. This proves that the company is more than sound and capable of meeting and exceeding their financial obligations.

While they did receive average reviews from their employees (which certainly displays room for improvement), we see that they’ve provided education opportunities for employees alike, as well as those they serve. Let’s not also forget their 2018 calendar year, in which they gave to over 100 nonprofits in the communities they serve.

The bottom line? You may be missing out on a really significant business opportunity if you don’t consider OneBeacon for your business or company.

What You Should Know About Onebeacon

Nobody likes having a run-around when it comes to filing a claim. Time is of the essence, and getting those details in as soon as possible is extremely important/

You can file OneBeacon insurance claims in several different ways. We’ll go over them below.

• By Phone: Available 24/7, OneBeacon claim representatives are there to help you with your most pressing concerns. Simply call their claims hotline at: 877-248-3455.
• Online: Through the customer portal at OneBeaon, you can review and report your claim 24/7. Just visit the website to get started.
• By email: Provide as many details as possible to [email protected].
• By fax: Send your fax to OneBeacon at 866.213.2802 to get started on your claim.

You can also claim with your assigned agent. Simply contact them as soon as possible and provide them with the details requested.

How to Get a OneBeacon Auto Insurance Quote Online

Many wonder, “How do I ask an auto insurance company for quotes?” It’s become faster and more accessible online. However, getting multiple quotes from multiple companies can quickly turn pretty daunting, especially as you may have to repeatedly answer similar questions. That’s no fun.

Our free online tool is simple and easy to use. You can start now and compare rates in no time.

If you like what you’ve heard about OneBeacon thus far, you can also call the company’s customer service number at 1-800-662-0156 to obtain a quote.

If you are impressed with the quote you receive, you will be assigned a OneBeacon agent based on the type of business you select.

What are the OneBeacon Insurance Group Ratings?

While companies often present a glamorized persona, ratings are a way to tell if a company can back up what they are portraying to customers.

Here are a few of the ratings for OneBeacon Insurance Group.

OneBeacon Company Ratings

Members of the Intact Financial Corporation, including OneBeacon Insurance Group, received an “A+” or “superior” rating from A.M. Best.

This is great, as A.M. Best is one of the top-risk assessing businesses that evaluate an organization’s financial strength and its ability to pay back its lenders.

The OneBeacon Insurance rating reflects Intact Financial’s consolidated balance sheet strength, which AM Best categorizes as very strong, its strong operating performance, favorable business profile, and appropriate enterprise risk management (ERM).

The Better Business Bureau (BBB) also assesses a company’s financial capabilities.

OneBeacon Insurance Companyreceived the highest rating of “A+” from The Better Business Bureau.

To keep in the spirit of good news, OneBeacon also received an “A3” financial strength rating from Moody’s. Moody’s is another major company that evaluates a company’s performance and future potential.

The A3 IFS ratings on OneBeacon’s insurance subsidiaries reflect the group’s specialty focus in several low-to-moderate hazard niche property-casualty segments and its strong producer relationships and good capitalization.

Again, receiving high-level rating grades comes from one’s superior performance. OneBeacon is backed by some of the best, a good indicator to its customers and businesses alike that the organization can hold its weight substantially.

What’s the OneBeacon Insurance Group History

When OneBeacon Insurance was founded, it sold only two insurance products. They were international marine insurance and tuition refund, specialists.

Realizing how much insurance was needed for niche markets like these, OneBeacon quickly expanded their insurance portfolio to meet customer demand.

Since the decision to expand, OneBeacon has grown to cater to 13 different niche markets and specialty insurance segments.

Today, their specialty insurance businesses are national in scope.

The separate business model OneBeacon has adopted works because each business has its sole focus on the specialty market they represent. They sell their insurance products through a network of independent agents, regional and national brokers, and wholesalers.

For example, when a marine company wants to find the right insurance, they call a business that deals solely with marine insurance. Running the corporation this way has resulted in consistent growth for roughly 20 years in a row.

OneBeacon is one of the oldest property and casualty insurers in the U.S.

How is OneBeacon’s online presence?

Having an online presence is one way to compete with numerous players in the industry. To say the least, it is critical to an organization’s success and day-to-day operations.

OneBeacon’s successful online presence allows it to stack up against many of the competitors in its industry. It targets consumers and producers and has many resources to see the company profile.

One way OneBeacon solidifies its online presence is through its “What’s New At OneBeacon” blog site. Through the website, you can also gain more updates and insight into the company’s endeavors and the endeavors of its multiple business lines.

OneBeacon also stacks up against its competitors by offering social media handles. These include Facebook, Twitter, LinkedIn, and Youtube.

Is OneBeacon involved in the community?

While philanthropic endeavors aren’t something new for businesses, over the years it has become a way to gain the trust and respect of its consumers. The more an organization is seen giving back, as well as the way and the tactical approach they give back in, the more consumers feel comfortable supporting those businesses and encouraging others to do the same.

That being said, OneBeacon has a respected presence in the communities of those they provide products and services for.

OneBeacon doesn’t just volunteer in the community; they have a charitable fund that provides over 100 nonprofits in the communities they serve. This gives them a chance to contribute to the lives of those they serve.

“We additionally support educational opportunities through college scholarships and our matching gift program. These programs are available to OneBeacon employees and our key agency/broker partners and funded by the OneBeacon Charitable Trust.”

Not only do they volunteer and donate to nonprofits,  OneBeacon also provides educational opportunities for the communities they serve and members of their own organization.

In 2018, OneBeacon Charitable Trust awarded $229,800 to nonprofits and schools.

Giving back is a significant component of business success today. OneBeacon has displayed its commitment for serving those in the communities they serve.

What do OneBeacon employees have to say?

Another way to determine a company’s success is to examine what employees say about OneBeacon Insurance’s careers. So why OneBeacon?

While we don’t know exactly the tenure of OneBeacon employees, the company boasts that upper management averages 25+ years of industry experience.

OneBeacon received a 4.2 out of five stars by employees on GlassDoor.

Let’s break this down a bit:
OneBeacon Insurance Company Employee Ratings

OneBeacon Insurance reviews were based on nearly 100 employees at OneBeacon.

Furthermore, 86 percent of employees at OneBeacon approve of the CEO, while 82 percent would recommend it to a friend. Seventy-four percent have a positive business outlook.

While this is telling to say the least, OneBeacon received a 3.6 regarding the benefits that it provides to its employees.

OneBeacon;s insurance rating scored 2.6 on PayScale. Among areas that were below average were appreciation (2.0)  learning and development appreciation (which both scored a 2.2). Pay transparency scored the least with 1.2 out of five stars.

These scores, however, do not break down how many individuals left reviews on the PayScale website.

OneBeacon Insurance Group, Ltd. pays its employees an average of $65,579 annually. Salaries at OneBeacon Insurance Group, Ltd. range from an average of $42,822 to $100,430 a year.

OneBeacon Insurance has consistently grown in volume over the years, and in doing so, they have had to hire new agents and fill other positions consistently. OneBeacon Insurance encourages all of its employees to think like owners.

This means that if they think about the company as if they were the company’s owner, they will do their very best to ensure the company is successful. By giving employees stock in the company, they know that employees have a vested interest in what happens.

OneBeacon Insurance offers many benefits for their employees, but their main focus is centered on health and wellness:

• Health insurance – Employees are provided with comprehensive health insurance, including preventive care coverage and incentives for healthy lifestyle choices such as being at a healthy weight and not smoking. Healthcare is provided through BlueCross BlueShield of Massachusetts.
• Dental insurance – As with their health insurance, dental insurance focuses on wellness, including preventative care and basic dental cleanings. BlueCross BlueShield of Massachusetts also administers dental insurance.

OneBeacon also offers vision insurance, long-term care insurance, fitness programs, and weight-loss incentives. All offices are tobacco-free, and those with food services offer healthy meal and snack options to promote health and wellness as a company.

Since OneBeacon has focused on health and wellness, insurance claims have decreased 22 percent.

Next, we’ll talk about another important factor that can enhance one’s company outlook — the design of their virtual components.

Design of OneBeacon Website and App

Before we get to the bottom line, we’ll briefly discuss the success of OneBeacon’s technological systems related to their website and mobile app.

OneBeacon provides a free mobile app that can be easily downloaded from the convenience of one’s phone. Its color scheme is clear and neat, utilizing the yellow and grey hues in its logo. Because the app relies heavily on white space, text, and information become easy to view and clear to navigate.

Through the OneBeacon app, you can access company contacts (including phone numbers), as well as claims, billing, careers, and a little historical information about the company. The user experience is very friendly, and the experience is direct and to the point.

Currently, there are no reviews on the mobile app.

The mobile app is a nice one-stop place for everything, OneBeacon. You can view the website on your phone and still have a friendly user experience as well.

The OneBeacon website is easy to navigate. Whether online or mobile, you can most likely find the answers to your questions without too much digging. Looking for claims or trying to get access to your insurance policy? The website allows customers to login and find their information, as well as provides a search bar in case one’s most pressing concerns aren’t addressed.

Clean, clear, and to the point, OneBeacon’s design is more than user-friendly.

Onebeacon Insurance Coverage Options

OneBeacon Insurance, a Bermuda-based holding company, has a variety of businesses that write specialty insurance products.

• The insurance products offered by OneBeacon include:

• A.W.G. Dewar ensures the tuition payments parents make. If their child withdraws from school or is dismissed, the tuition is refunded to them.
• International Marine Underwriters writes insurance exclusively for ocean marine products and marine drilling.
• OneBeacon Accident and Health Group protects transportation companies and corporations from expenses due to accidents that occur. It is available to any business that has a high risk of accidents.
• OneBeacon Entertainment covers commercial entertainment industries such as sports, leisure, and concert venues.
• OneBeacon Environmental covers businesses that have the potential to damage the environment through leakages or spills.
• OneBeacon Financial provides specialized products to clients in both the private and public sectors. Some of these products include director’s and officer’s liability, employment practices liability, cyber liability, and financial institution bonds.
• OneBeacon Financial Services offers insurance coverage for financial services companies and community banks’ unique needs.
• A Hagerty auto insurance review shows they specialize in covering collectible cars and wooden boats.
• OneBeacon Government Risk Company covers counties, districts, and municipalities.
• OneBeacon Inland Marine covers an array of inland marine and related property coverage solutions. These are targeted toward the construction, transportation, and fine arts industries.
• OneBeacon Management Liability aids nonprofits, for-profit, and healthcare businesses by offering professional liability insurance for D&O, EPL, fiduciary, crime, and employed lawyers.
• OneBeacon Specialty Property deals with the property owned by marine businesses.
• OneBeacon Surety Group offers a variety of commercial bonds, large (targeting large corporations) and small.
• OneBeacon Technology Insurance covers the technology industry, including software and technology development.

Chances are good; they can insure the vehicle you want covered.