VANCOUVER, British Columbia, Oct. 06, 2020 (GLOBE NEWSWIRE) — by way of NetworkWire — InsuraGuest Technologies, Inc.® (TSX-V: ISGI) (the “Firm” or “InsuraGuest”), via its wholly owned U.S. subsidiary Insure The Individuals, LLC (“ITP”), is happy to announce it has launched its new Enterprise Proprietor Coverage (“BOP”) insurtech (insurance coverage + know-how) portal, www.InsureThePeople.com.
ITP is powered by InsuraGuest’s insurtech platform, which can digitally ship BOPs to 130+ class codes, together with retail, wholesale, mercantile, workplace and enterprise service lessons. The BOP product is now obtainable in all 50 states in addition to the District of Columbia, the place InsuraGuest Insurance coverage Company is licensed to promote insurance coverage, and is eligible for firms which have gross sales of as much as US$6 million per location, with occupancies as much as 35,000 sq. ft, on a minimal annual premium of US$250.
ITP’s BOP consists of:
- Property protection for constructing and enterprise property, enterprise earnings and additional bills.
- Enhanced gear breakdown (consists of micro-circuity).
- Basic legal responsibility – prevalence limits: US$300,000, US$500,000, US$1 million and US$2 million.
- Employment practices legal responsibility.
“We at the moment are taking digital insurance coverage and reimagining it, reinventing it and revolutionizing it by harnessing the ability of our insurtech platform to ship that digital insurance coverage to the small-business proprietor,” states Douglas Anderson, chairman and CEO of InsuraGuest. “Moreover, by providing InsureThePeople.com to small companies, we’re serving to them restrict their dangers and shield the property they’ve labored so exhausting to create.”
InsuraGuest Insurance coverage Company will administer InsureThePeople.com insurance policies in all 50 states and the District of Columbia.
The insurance policies are underwritten by Crum & Forster via its C&F Digital Companions division, which is concentrated on offering small enterprise insurance coverage in a touchless, digital setting. Crum & Forster is a subsidiary of Fairfax Monetary Holdings Restricted.
InsuraGuest Applied sciences Inc.
Harnessing the Energy of Expertise to Reinvent Insurance coverage
InsuraGuest Applied sciences (TSX.V: ISGI) (OTC: IGSTF) is an insurtech (insurance coverage + know-how) firm that’s disrupting the insurance coverage panorama by using its proprietary software program platform to ship digital insurance coverage to a number of sectors. We’re reworking the best way insurance coverage is delivered with the revolutionary concept that insurance coverage must be purchased, not bought.
CA / LIC: 6001686
Crum & Forster
Crum & Forster*, rated A (Wonderful) by A.M. Finest (2020), is a nationwide property and casualty insurance coverage firm wholly owned by Fairfax Monetary Holdings Restricted. C&F Digital Companions is a part of Crum & Forster and affords a number of customary and enhanced insurance coverage merchandise, together with a Enterprise House owners Coverage and on-demand protection for freelance and gig economic system employees in a broad spectrum of industries.
*Crum & Forster is a registered trademark of United States Fireplace Insurance coverage Firm.
Data set forth on this information launch incorporates forward-looking statements which might be based mostly on assumptions as of the date of this information launch. These statements replicate administration’s present estimates, beliefs, intentions and expectations. There is no such thing as a assurance that this new enterprise product providing or different deliberate merchandise will likely be profitable; the Insurance coverage business is extremely aggressive within the enterprise proprietor coverage sector and the Firm’s rivals have considerably extra assets than the corporate; acceptance by potential clients is troublesome to foretell, significantly within the case of recent merchandise and disruptive applied sciences; if the corporate fails to realize market acceptance it’s going to considerably impression its outcomes and monetary assets; attaining market acceptance could require promoting budgets that exceed the Firm’s present assets and require the Firm to hunt further debt or fairness financing. There is no such thing as a assurance that such financing will likely be obtainable at affordable costs or in any respect.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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