InsuraGuest Technologies, through its wholly owned U.S. subsidiary Insure The People, has launched a new business owner policy (BOP) insurtech portal, www.InsureThePeople.com that is available to more than 130 class codes.
ITP is powered by InsuraGuest’s insurtech platform, which will digitally deliver BOPs to numerous business risks, including retail, wholesale, mercantile, office and business service classes.
The BOP product is now available in all 50 states as well as the District of Columbia, where InsuraGuest Insurance Agency is licensed to sell insurance, and is eligible for companies that have sales of up to $6 million per location, with occupancies up to 35,000 square feet, on a minimum annual premium of $250.
ITP’s BOP includes:
- Property coverage for building and business property, business income and extra expenses
- Enhanced equipment breakdown (includes micro-circuity)
- General liability – occurrence limits: $300,000, $500,000, $1 million and $2 million
- Employment practices liability
InsuraGuest Insurance Agency will administer InsureThePeople.com policies.
The policies are underwritten by Crum & Forster through its C&F Digital Partners division, which is focused on providing small business insurance in a digital environment.
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