Insurance brokerage Embroker has launched Embroker Access, a new online service that allows retail and wholesale brokers to offer its digital insurance products.
The company also announced that its instant management liability package, previously only offered to technology companies, is now available to all private businesses.
Matt Miller, Founder & CEO of Embroker commented: “We’ve always known brokers are a key relationship for many business owners, and we’re thrilled to be opening up our platform and giving leading brokers and wholesalers an edge with access to quote and bind Embroker’s best-in-class digital products in minutes.
“Every business should have access to market-leading coverage at the best price, and with Embroker Access they can, whether they work with a traditional broker or prefer to go direct.”
Javier Gonzalez, Principal/Executive VP of Sales PL Risk Advisors said: “Embroker’s products are market-leading, their team provides fast and knowledgeable feedback and the ease of use with their platform has led to a much more efficient quote, bind and policy issuance process for our team.”
Embroker also announced that its management liability package is now available to any private company in the US. It offers seven digital specialty insurance products including directors and officers, employment practices liability, professional liability for lawyers, and errors & omissions and cyber coverage for technology companies.
All of the products are underwritten by Embroker’s insurance platform and have support from reinsurers including Munich Re and Everest Re.
Miller added: “2020 has been a transformative year for Embroker, as the game-changing advantages of fully digital insurance have become increasingly clear to both customers and brokers.
“Since January, we have more than tripled the number of new customers we are adding each month, and all signs point to further acceleration in 2021.”