Pathpoint, a digital excess and surplus lines insurance distributor, has launched its Lessor’s Risk Only (LRO) Commercial Package for agents to access non-admitted coverage for property owners with a single application.
The Pathpoint’s LRO product includes a shortened, targeted question set, immediate eligibility feedback, and auto-quoting, as well as a shorter, simpler property flow. The company said agents will be able to bind both stand-alone general liability and package quotes for their LRO accounts, including auto-quoting for total insurable values up to $2.5 million.
Pathpoint will consider commercial retail properties including banks, offices, shopping centers and malls.
The LRO product is delivered through Pathpoint’s online platform, with Pathpoint serving as the surplus lines agent and handling all servicing and compliance on the back-end.
Pathpoint’s LRO offering launches in all 50 states, with support for many of the most commonly requested geographies by agents, including Florida, California, Texas, and the Mid Atlantic.
Pathpoint is a wholesale broker licensed across the U.S. and a coverholder at Lloyd’s of London.
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