Limit Insurance Company Review 2024
Written by
Christine Lacagnina has written thousands of insurance-based articles for TrustedChoice.com by authoring consumable, understandable content.
Trusted Choice's Limit Insurance Score
4.75 Stars
TrustedChoice.com awards Limit Insurance a final rating of 4.75 out of 5 stars. Limit is not a traditional insurance company, but a digital wholesale broker that caters to the cyber insurance market. The company works with more than 40 different insurance carriers and can provide customers with extremely fast coverage quotes in under 60 seconds.
Limit was founded in 2020 and is headquartered in New York, New York. The company helps customers get matched to the right kind of cyber insurance, tech E&O insurance, or miscellaneous E&O coverage for their business. With its extremely fast services, Limit is an excellent choice for business customers in need of fast cyber coverage. Overall, we highly recommend working together with an independent insurance agent to look into Limit.
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To find insurance in your state, use our national insurance company directory to find the best company to meet your needs. You can locate insurance companies that specialize in your specific coverage needs and get connected to an agent near you.
Limit Insurance Specializes in these Industries:
Public Entities
Keep your facility covered against workplace hazards and natural disasters with reliable public entity insurance.
Insurance/Financial Services
Protect your insurance / financial services business against risks like identity theft and workplace injuries with reliable insurance.
Wholesalers
Avoid environmental liabilities, identity theft and other common risks with the right wholesale insurance for your business.
Residential Real Estate
Protect your residential real estate against property damage and other unforeseen events with the right type of coverage.
Healthcare Providers
Get the professional and general liability coverage your business needs with insurance for your healthcare providing facility.
Contractors/Construction
Get liability protection against unpredictable accidents, hazards and bodily injuries with contractor or construction insurance.
Building Maintenance
Keep your employees and equipment protected against common risks with insurance for your building maintenance business.
Large Business
Get coverage against commercial property damage, potential lawsuits and other risks with insurance for your large business.
Technology
Get protection against E&O claims that could potentially arise from your business with technology insurance.
Hotels and Motels
Get coverage against mold, contaminants and other potential risks to your guests with insurance for your hotel or motel.
Medical Clinics
Protect your practice against substantial losses from fires, theft and more with reliable insurance for your medical clinic.
Commercial Real Estate
Protect your business assets and avoid repair and replacement expenses with commercial real estate insurance.
Education/Schools
Protect your school or educational facility from bodily injury lawsuits and property damage claims with reliable insurance.
Consulting
Stay covered against claims of negligence and other potential risks with the right insurance for your consulting business.
Manufacturing
Keep your business covered against workplace injuries and property damage to your equipment with manufacturers insurance.
Limit Cyber Insurance Cost by Industry
Limit's official website provides a cost calculator for its cyber insurance policies based on a business's specific industry and revenue. Here are just a few cost range estimates for Limit's cyber insurance policies.
| Industry | Revenue | Coverage Limit | Cost of Cyber Insurance |
|---|---|---|---|
| Information Technology | $1 Million | $1 Million | $1.6k to $4.2k |
| Public Administration | $1 Million | $1 Million | $1.4k to $3.6k |
| Retail | $1 Million | $1 Million | $0.9k to $2.4k |
| Construction | $1 Million | $1 Million | $0.9k to $2.4k |
| Real Estate | $1 Million | $1 Million | $1.1k to $2.7k |
*As of May 19, 2023
What Discounts Does Limit Offer?
Limit does not make information about its specific discounts readily available on its official website. But an independent insurance agent can provide you with quotes and exact discount information from Limit.
Limit Insurance Customer Service
Limit offers online support, phone customer service support, and snail mail. The carrier provides the following customer service options:
- Phone
- Snail mail
- Live chat on website
To ensure a great customer service experience, work together with an independent insurance agent. These agents can help handle claims and other matters for you, so you can relax and enjoy your coverage.
Connect with a Limit Agent Today.
Shopping for insurance? Limit has you covered.
Limit Insurance FAQ
Limit does not provide information about a claims response timeframe on its official website or social media. But an independent insurance agent can file claims directly for you.
Limit allows customers to get in touch with them through a couple of mediums, including phone, snail mail, or live chat on the official website. The phone service department does not specify its hours. Customers can also reach out to the carrier through their independent insurance agent or contact them through LinkedIn.
Limit does not specify a claims process on its official website or social media. However, an independent insurance agent can handle the entire claims process for you. If current customers have questions about filing claims or the claims process itself, they can contact the carrier via the official website, phone, email, or social media.
Limit's official website is highly intuitive and easy to navigate. The carrier provides customer service through live chat on the official website and offers phone and snail mail support in addition. Customers can also get in touch through the carrier's LinkedIn social media profile. Overall, Limit does create a highly user-friendly experience for customers.
Limit is a digital wholesaler insurance company that works with more than 40 carriers. Customers can get quotes for coverage in under 60 seconds. With such fast customer service and important coverage options, including cyber insurance, Limit can indeed be considered a good insurance company.
Limit's insurance products are right for businesses that rely on technology to get the job done. Any business that uses computers is at risk of cybercrimes and related incidents. Limit's cyber insurance policies are used by business industries ranging from retail to construction and beyond.
While your independent insurance agent can help obtain exact quotes for Limit's cyber insurance for you, we were able to find a few annual cyber insurance averages for different business industries. These price ranges are available on Limit's official website and are based on annual revenues of $1 million and policy limits of $1 million:
Information Technology: $1.6k to $4.1k
Public Administration: $1.4k to $3.6k
Retail: $1.1k to $2.8k
Construction: $0.9k to $2.4k
https://www.limit.com/about
https://www.linkedin.com/company/limit-insurance/about/