Foxquilt Launches Broker Distribution for eCommerce Insurance Product

TORONTO, July 12, 2022 - Foxquilt, a leading North American insurtech company focused on empowering small businesses with customized insurance products uniquely matched to their needs, today announced the launch of its broker distribution strategy to complement the company’s recently rolled out eCommerce insurance product. Brokers selling commercial insurance in Canada can now benefit from Foxquilt’s quote and bind platform to easily access affordable eCommerce, contractor and personal services products, and then seamlessly bind them with their clients.

Broker partners will be able to enjoy a myriad of benefits including: access to a true quote and bind platform for small business insurance, same day (and future) binds done all online, blanket named insured for easy certificates, clear underwriting guidelines for easy binds (and quick declines if applicable), as well as products priced and rated for small businesses, new ventures and independent contractors. Similarly, broker clients leveraging Foxquilt’s eCommerce products will be able to enjoy perks such as: no fee monthly or annual payment options, coverage for online and traditional sales, $0 deductible on all CGL policies, and more.

Currently, Canadian brokers work with multiple insurance markets in order to help find their client’s the best product and price. Through the launch of their broker distribution, Foxquilt’s broker partners will be able to improve their customer experience by making the quote and buy process easier and faster, and gain access to a product otherwise unavailable in the Canadian market. The company has designed the platform and process to help brokers get the insurance their clients need, seamlessly.

“We know how integral the broker distribution network is in Canada. There are thousands of brokers acting as trusted advisors to consumers across the country. By getting our products into the hands of brokers, we are making it easier for them to better protect their clients and creating game-changing insurance experiences,” said Mark Morissette, CEO and Co-founder of Foxquilt.

Launched in April 2022, Foxquilt's eCommerce product is evolving insurance to meet the needs of the modern small business owner. The easy, all-online solution is specifically designed to help new and existing eCommerce business owners quickly access insurance and fulfill vendor compliance. Foxquilt's eCommerce offering provides reliable coverage, no matter the split of US and Canadian sales or where the products come from; not to mention the improved affordability of this product, starting at $500 annually.

If you're interested in learning more about Foxquilt's broker distribution service please visit - https://foxquilt.com/partnerships.html.

About Foxquilt

Foxquilt is a leading North American Insurance technology company focused on providing small businesses insurance. Foxquilt develops, underwrites and distributes a complete line of its own commercial insurance products in the United States and Canada. The company uses a combination of data analytics and artificial intelligence to recommend the best insurance coverage and price to meet the individual needs of its small business customers. For more information, visit https://www.foxquilt.com