Diamond Insurance Company Car Insurance Review [2020]

Diamond car insurance is not available because it only sells worker's compensation coverage to the healthcare industry. Compare online quotes and save up to 20% on car insurance.

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A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Nov 9, 2021

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Company Details
Address: 1900 E Golf Road, Suite 1275
City: Schaumburg
State: IL
ZIP Code: 60173
Phone Number: 847-230-1331
Year Founded: 1996
Company Rating 0 (0 reviews)

Here's what you need to know...

  • Diamond Insurance Company began in 1996 and works to provide worker’s compensation to the healthcare industry
  • Diamond does not offer car insurance coverage
  • If you are searching for car insurance, use our quote tool to compare multiple companies at once

The Diamond Insurance Company is a member of the Diamond Insurance Group, Ltd., and is headquartered in Schaumburg in Illinois. It’s not a familiar name for many people in part because their focus is not personal insurance policies sold to individuals. They have a niche in workers compensation, which allows them to focus on providing a great product and better service in one area.

Founded in 1996, the Diamond Insurance Company began when a group of industry professionals combined their experience in the fields of financial management, insurance, and healthcare.

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What should you know about the company?

The Diamond insurance providers specialize in providing workers compensation insurance for the healthcare industry. So they only work with hospitals, clinics, and other similar organizations. According to some reviews, they do have great customer service.

They are not a car insurance company, and they don’t offer general commercial insurance products like business or commercial auto. Along with workers compensation insurance, the Diamond Insurance Company offers loss prevention programs again for hospitals and other medical clients.

These loss prevention programs analyze the history of loss at a company and provide a plan of action that is focused on reducing and eliminating a company’s future loss. While the cost of healthcare continues to be high, many medical facilities also have tight budgets. A thorough underwriting review provides more tailored options and could help some companies save more (while others will pay more) in premiums.

The loss prevention programs that the Diamond Insurance Company provides offers multiple types of safety workshops. Some of these workshops include:

  • slip and fall prevention
  • fraud prevention
  • return to work programs
  • supervisor development programs

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How do they work?

The Diamond Insurance Company offers many worker’s compensation underwriting options.

These options include small and large deductible policies with different types of car insurance coverage, a guaranteed cost policy that offers first dollar coverage with a flat annual premium, and a retrospectively rated policy for large employers.

How can you find a new auto insurance policy that makes sense for you?

Even though the Diamond Insurance Company does not offer personal car insurance, you can still use our free online tool to compare the car insurance rates of nation leading companies in your area that do. Whether you’re dissatisfied with your current policy or if you just want to check your options, you may be surprised at how much you can save by comparing rates and policy terms.

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References:

  1. https://diamondwc.com/contactus.html
  2. https://www.dol.gov/dol/topic/workcomp/
  3. https://diamondwc.com/losspreventionprograms.html
  4. https://www.enrichmentstrategies.com/supervisor-development.cfm

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