Continuing its efforts to bridge the protection gap between large and small businesses, Colonial Surety has integrated the two products with
Colonial Surety, a leading direct and digital insurer, today announced the addition of Commercial General Liability and a Business Owner’s Policy (BOP) to its already extensive line of insurance products. for SMEs. Both innovative offerings have basic cyber liability insurance built-in, come with flexible payment options, and can be purchased with multi-year policy terms, helping SMBs lock in rates.
“Since launching our SME-focused digital platform, Colonial Surety has made it easier and faster for SMEs to find, purchase and manage all the insurance and bonding products they need to build businesses. strong, stable and protected,” said
Colonial Surety’s new Commercial General Liability offering provides insurance coverage for SMBs against claims made by others, including bodily injury, property damage or bodily injury. Their new BOP offering combines
What makes these two products unique is that Colonial Surety has woven into its base
Launched as a standalone product last January (2022), Colonial Surety’s
Most insurance companies expect policies to be satisfied in one annual premium payment. For these two new products, Colonial Surety allows small business owners to choose from a range of payment schedule options. This eliminates cash flow limits as a barrier to obtaining the coverage needed to provide adequate protection.
Additionally, both products are available through multi-year policy terms which, once chosen, lock in annual rates. To date, these types of insurance have mostly been offered with one-year policy terms, which allows for variations in cost from year to year, which can make budgeting difficult for small business owners. With a fixed rate, small business owners can know their insurance costs for the foreseeable future with certainty.
“Our mission is to provide small business owners with elite, yet cost-effective insurance coverage. By cooking in
To date, both products are available through the company’s digital platform. Learn more here.
About Colonial Bail
Colonial Surety was founded in 1930 and brings deep experience and market expertise to every product and every customer relationship. Colonial Surety gives its clients the assurance that they, their businesses and their customers are protected at all times with the right bonding and insurance products.
Colonial Surety makes it easy for a wide range of industries and professions to purchase the bonds and insurance products they need. Colonial Surety is a direct, digital insurer offering products through an online platform backed by exemplary customer service. The company offers its customers a simple, direct and instant service that simplifies the purchase of insurance and bonds. Colonial Surety is authorized in every
src=”https://cts.businesswire.com/ct/CT?id=bwnewssty=20221017005032r1sid=acqr8distro=nxlang=en” style=”width:0;height:0″ />
Source: Colonial Security