Slice Labs Inc., a provider of on-demand digital insurance products to protect small businesses, has announced its expansion to nine additional US states.
Slice’s Excess & Surplus (E&S) specialty market small business insurance product is now live through agents in Alabama, Arizona, Maine, Michigan, North Carolina, Oklahoma, Virginia, Vermont, and Wisconsin in addition to Florida, Missouri and Mississippi, can now quote and bind Contractors General Liability in minutes, all online.
This Contractors General Liability product is backed by Philadelphia Insurance (PHLY) and is AM Best A++ rated.
According to the firm, Slice remains the only fully automated digital platform for non-admitted lines. Policies that can take weeks or months through traditional digital platforms can be bound and issued in minutes with a credit card and no need to speak to an underwriter.
Slice’s trained agent concierge will guide agents through the process of quickly placing business. The Slice platform also guides agents through classification of risk using the capabilities of Slice Mind, a data science component that has been trained over multiple years.
Over 65 types of difficult to place businesses and new businesses are covered Slice’s small business products without the need for a deductible or self insured retention.
Tim Attia, co-founder and CEO of Slice, commented: “Our goal is to protect small businesses and we are proud to offer such a high quality product that provides comprehensive protection for small businesses that traditionally have a difficult time getting quality coverage.
“These 12 states cover a broad geographic area, where Contractors General Liability needs for hard to place classes are high. We will be expanding quickly to cover most of the country.”
