Draftrs, an insurtech company aiming to modernize small business professional liability insurance, announced the launch of a new digital insurance platform that enables instant underwriting and policy management for small firm professionals and agents.
In conjunction with the platform launch, Draftrs is launching with a new professional liability insurance product for architects and engineers that was developed in collaboration with Markel Insurtech Underwriters and plans to introduce additional professional liability product lines in the future, according to a company press release.
The Draftrs platform streamlines, automates, and digitizes the underwriting and distribution process for the company’s insurance carrier and broker partners to deliver professional liability products to the small commercial market.
For brokers, Draftrs provides a custom-branded user interface for customers in the small commercial segment. Brokers can also use the platform to get quotes, send payment requests, issue policy documents, and track client activity.
Hippo Insurance Services announced it will offer home insurance products in New York state. With the addition of New York, Hippo products are now spread across 38 states.
New Yorkers can access Hippo’s proactive protection offerings, including modern home insurance coverage, complimentary smart home devices, and Hippo Home Care on Hippo’s website.
Hippo Insurance Services is a licensed property/casualty insurance agent with commercial and personal lines products underwritten by various insurance companies. It is headquartered in Palo Alto, California, and writes business through its affiliate, Spinnaker Insurance Company, which is a national property/casualty insurer.
Main Street America Insurance is launching a new farm and ranch product that provides a full suite of coverages for farms and ranches. The product is being rolled out in phases throughout the year and into 2023, company officials announced.
Main Street America’s farm and ranch insurance provides a range of coverages that include rural homeowners, hobby farms, small to mid-sized farms, large farms, and more complex farming operations. The product provides coverage for most exposure types, including row crops like corn, wheat, and soybeans, cattle, equine, hay, produce, and more.
The product offers coverages for dwellings, farm structures, and personal/commercial liability exposures. A full suite of optional property and liability coverages allows farmers and ranchers to customize coverages.
Founded in 1923, Main Street America Insurance offers a range of commercial and personal insurance, as well as fidelity and surety bond products, to individuals, families, and businesses throughout the U.S.
Sources: Draftrs, Hippo Insurance Services, Main Street America Insurance