small business insurance News

Simply Business, AXIS Launch Coverage for Home-Based Small Businesses

Simply Business, Inc., a digital insurance agency offering small business insurance policies on behalf of a panel of carriers, will work with AXIS Insurance on a new product intended for U.S. small business owners who conduct business from their homes. …

Canadian Insurtech MGA Foxquilt Raises Seed Funding to Develop Small-Biz Platform

A Canadian insurtech focused on small business insurance said it raised $3.5 million in seed financing. Foxquilt, a Toronto-based MGA startup, said the funding will help it become a full-service insurance provider with a self-serve platform. This will enable customers …

Hiscox, Thimble to Offer Short-Term Business Insurance Plans

Hiscox has partnered with Thimble, a short-term liability insurance provider for small businesses, to offer coverage available by the hour, day or month. The partnership will allow Hiscox to give businesses flexibility, with customers having control of their policy via …

Nationwide Insurance Joins Investors in Planck’s $16 Million Financing Round

Nationwide, eyeing the possibilities with technology startup Planck’s small commercial insurance data platform, has joined the company’s latest financing round. Planck recently raised $16 million in a Series B venture financing round led by Team8 Capital. All existing investors including …

Why Small Business Liability Insurance Must Be Advanced Into the Digital Age

Liability insurance as we know it no longer suits a large fraction of today’s and tomorrow’s small-business owners. Brokers and insurers are at a crossroads on how to serve small businesses’ changing needs in the on-demand economy. The industry’s one-size-fits-all …

Next Insurance Appoints Chase, Leichtag as Head Marketing and Product Officers

Next Insurance, a digital insurtech company focused on small business insurance, has appointed today former Fitbit executive Melanie Chase as chief marketing officer and former Yelp executive Effi Fuks Leichtag as chief product officer. Next Insurance provides insurance coverage to …

Sompo Global Risk Solutions Forms Small Business Team in U.S., Mexico

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has formed a new Sompo Global Risk Solutions (GRS) team offering insurance products to smaller businesses in the U.S. and Mexico, including its industry vertical …

Chubb Adds Small Business Coverage for Food Service Industry to Digital Platform

Chubb has added small business insurance to cover risks faced by the food service industry to its digital platform – the Chubb Marketplace, which features a suite of products for businesses with up to $30 million in revenue. According to …

Chubb to Partner with National Association of Women Business Owners

The National Association of Women Business Owners (NAWBO) has partnered with Chubb to provide NAWBO members with small business insurance resources, including education, insurance products and services generally reserved for global corporations, including Chubb’s Cyber Enterprise Risk Management policy. According …

Young Small Businessowners Don’t Like Insurance Agents. Uh, Not Really.

Patricia Ross, Raphael Strumlauf and Kate DeNeveu each have at least one thing in common: They’re generally happy with their business insurance. Each owns a business at the downtown pedestrian mall in Charlottesville, Va. They’re all in their early ’30s …