SageSure, a homeowners insurtech, has launched a new line of commercial insurance products in traditionally underserved coastal markets.
Launching in South Carolina followed by Florida, SageSure’s commercial product line, including businessowners policies (BOP), provides coverage for over 300 classes of businesses in six industry groups, such as office, retail and wholesale, restaurants, service and processing, habitational and real estate.
The company plans to offer the BOP coverage, underwritten by SafePort Insurance Co., to independent agents in South Carolina and soon Florida.
SageSure utilizes an online quoting interface and agent portal to move new commercial business from quote-to-bind in five minutes.
According to SageSure CEO Terry McLean, the company has been providing coastal capacity to the residential space for a decade and is ready to expand its offerings to small businesses in challenged markets.
Using its proprietary rating methodology, SageSure can now write commercial business within 1/10 of a mile from a primary shoreline, in most coastal areas. SageSure offers flexible payment options and discounts for full-payment and early binding.
SageSure offers more than 40 insurance products on behalf of its carrier partners, serving over 350,000 policyholders. SageSure partners with a growing network of insurance agents and brokers in 14 coastal states. SageSure has eight offices across the country, including Jersey City, Atlanta, Chicago, Tallahassee and Cincinnati.
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