October 23, 2017 by Staff
Front Row Insurance Brokers is entering the quote-to-bind space with a new office insurance offering that allows entrepreneurs to get quotes and purchase a policy without talking to a broker.
Small business owners in any industry can buy and download their business liability insurance and office contents insurance policies online. Front Row Insurance Brokers is promising consumers that its new online systems can provide a quote in five minutes, a downloadable insurance policy within 10 minutes and lower premiums.
“The old model required applications to be completed by the business owner, and then scanned or faxed to the broker who, in turn, sent it to an underwriter for a quote, which then started the process in reverse,” said David Hamilton, president and CEO of Front Row Insurance, in a statement.
“The cost under the old model is higher than it should be, the wait for the quote is unnecessary, and the indirect cost for the consumer’s time is expensive,” he added. “Automating the process removes friction and stress from the insurance buying experience, and saves the consumer valuable time and money, which they can invest in their business.”
The policy provides coverage for office equipment, damages from earthquake and flooding events and cyber hacking.
This story was originally published by Canadian Insurance Top Broker.