Revolutionizing Small Business Insurance: A New Partnership
BOSTON — Simply Business, LLC, the premier digital marketplace dedicated to simplifying small business insurance, has joined forces with SIAA, the largest national alliance of independent insurance agencies. This strategic partnership aims to empower thousands of agencies to connect small business owners with necessary coverage efficiently, transforming the landscape of small business insurance.
Through this innovative integration, SIAA member agencies can now quote and bind policies for small business clients in mere minutes from the SIAA's MarketFinder platform. The technology behind this enhancement is powered by Simply Business's advanced insurtech infrastructure, making a typically cumbersome process quicker and more efficient. This means agents can now devote more time to offering strategic guidance to their clients and focusing on growth opportunities.
Mike Carvalho, VP of Insurance Panel and Partnerships at Simply Business, emphasized the importance of supporting small business owners, stating, "They are the backbone of the economy, and our mission is to help them succeed. By partnering with SIAA, we are expanding our digital tools nationwide, simplifying how small business insurance is presented and delivered. This ensures agents can effectively assist entrepreneurs in safeguarding their investments and pursuing future endeavors."
This digital connection provides several advantages to SIAA member agencies:
Key Benefits for Member Agencies
Instant Access: The platform offers a fully digital, swift quoting and binding experience through SIAA's MarketFinder portal.
Broader Reach: Agencies have access to a diverse panel of premier carriers geared towards sole proprietors and micro small businesses.
Enhanced Operational Efficiency: The streamlined processes increase agent capacity, allowing them to build profound relationships while addressing the specific coverage needs of small enterprises.
Revenue Growth: Agencies can expand their offerings, tapping into new revenue streams in the small business sector through Simply Business’s comprehensive carrier options.
Meghan Leary, SVP of Strategic Partnerships at SIAA, shared her insights on the collaboration: "Simply Business's technology introduces transparency, choice, and exceptional value to our agents. Integrating their platform into our MarketFinder system equips agencies to better serve the often underappreciated small business sector. This synergy is a perfect match for SIAA's commitment to empower agents with superior resources.»
This partnership illustrates Simply Business's dedication to enhancing its distribution capabilities while solidifying its reputation as a reliable technology partner within the agent community. Combining SIAA's extensive national network with Simply Business's insurance technology know-how will lead to a smarter, faster, and more accessible approach to delivering small commercial coverage.
About Simply Business
Simply Business focuses on making small business insurance straightforward and available. Their robust digital marketplace allows small business owners to conveniently find and purchase insurance online, pairing them with coverage options from numerous top-tier carriers to ensure transparency, choice, and value. The products available through Simply Business include general liability, professional liability, business owner's policies, workers' compensation, cyber insurance, among others.
As a pioneering insurtech firm, Simply Business possesses over 20 years of experience in catering to small business needs, with a customer base exceeding one million. Originally founded in the UK in 2005, Simply Business expanded its operations into the U.S. market in 2017 and now boasts a dedicated workforce of over 1,000 employees based in London, Northampton, and Boston.
Media Contact:
Jillian Reid
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Frequently Asked Questions
1. What is the main goal of the Simply Business and SIAA partnership?
The partnership aims to empower insurance agencies and simplify the process of connecting small business owners with the insurance coverage they require.
2. How does the integration with SIAA's MarketFinder benefit agencies?
Agencies can quickly quote and bind policies for small business clients, enhancing efficiency and allowing them to focus on building strong client relationships.
3. What features does the Simply Business digital platform offer?
The platform provides a seamless quoting experience, access to a broad panel of insurance carriers, and tools for increasing operational efficiency.
4. Why is this partnership significant for small business owners?
This collaboration simplifies access to insurance, ensuring that small business owners can find tailored solutions quickly and efficiently.
5. How long has Simply Business been in operation?
Simply Business has over 20 years of experience in the insurance industry, successfully supporting the needs of small businesses for over two decades.
