Multi-line program administrator Integrated Specialty Coverages has launched a new General Liability policy program geared towards gig economy contractors.
The program has been designed to provide contractors “by the job” flexibility, offering a number of customisable options.
Made available via ISC’s AI-enabled platform and underwritten by Markel Specialty, the program will be compatible with 30 different construction trades for a variety of classes beyond the typical handyman job, including but not limited to carpentry, electrical, painting, concrete, and janitorial work.
Options include liability limits up to $1 million for 1-121 days or on-demand policy delivery and certification.
With automated workflow, ICS says these policies can be bound in minutes using ISC’s advanced proprietary online platform, while payments are made through digital payment applications.
“We are thrilled to partner with Markel and leverage our AI-technology and data capabilities to expand ISC’s platform for this growing segment of contractors and provide them with more flexibility and options on shorter-term projects,” said Matthew Grossberg, CEO of Integrated Specialty Coverages.
“Markel has an excellent reputation, and we look forward to their support in delivering this product through our robust platform.”
“ISC brings a unique relationship to our team. While many of our partners are insurtech start-ups, ISC is a well-established Program Administrator with an existing distribution network,” said Scott Whitehead, Managing Director of Markel Insurtech Underwriters.
“Combining first-hand industry expertise with technology and analytics, ISC has identified an opportunity to create and distribute new and innovative products that more closely align with the needs of their clients, while also attracting new ones.”