Oakville, ON, October 8, 2024: Approved Casualty and Surety is excited to announce the expansion of its commercial insurer marketplace on the Quotey platform, offering our innovative standalone Legal Expense Insurance product.
Effective immediately, Approved Casualty and Surety’s Legal Expense Insurance will be available to all Quotey brokers. This groundbreaking product can be quoted and bound in less than 60 seconds, with brokers receiving binder documents at the end of the process, ensuring a seamless and efficient experience.
Legal Expense Insurance is crucial for businesses as it provides coverage for legal costs incurred from various disputes, such as employment issues, contract disputes, and regulatory matters. This type of insurance helps businesses manage unexpected legal expenses, ensuring financial stability and allowing them to focus on their core operations without the fear of prohibitive legal costs.
“We are incredibly excited to welcome Approved Casualty and Surety to the Quotey platform,” said Quotey CEO and Co-Founder, Nick Kidd. “Their Legal Expense Insurance product will provide substantial value for our broker partners, providing swift and comprehensive coverage that meets an under served need in the market. This partnership represents another step forward in our mission to streamline the insurance quoting process and deliver unparalleled value across the broadest range of products.”
“Legal expense insurance (LEI) fills the gaps in commercial portfolios, offering extensive coverage and substantial cost savings for business owners. Quote, bind and issuance through the Quotey platform promotes a frictionless process for our broker partners.,” said Adrian Dacanay, Director of Operations at Approved Casualty and Surety.
Quotey, which launched in late 2022, is Canada’s first multi-insurer commercial lines quoting and cover comparison tool for brokers. The platform is available in all provinces except Quebec – where it will launch in the coming months. Quotey only costs $10 a month per user and allows brokers to complete a single digital application for over 700 classes of business and get instant comparable quotes from a growing list of participating insurers like Approved Casualty and Surety.
About Approved Casualty and Surety:
Approved Casualty & Surety is a leading Canadian managing general agent (MGA) specializing in surety bonding and insurance solutions tailored to the needs of businesses across various industries. With a deep understanding of the complexities involved in surety bonds, the company provides customized solutions that help clients mitigate risks, protect assets, and ensure the successful completion of projects.
Media Contact:
Aaron Truax, CMO, aaron@millerco.io
About Quotey:
Founded in 2020, Quotey Inc. is a privately held Canadian technology company based in Whitby, Ontario, established to serve the commercial insurance industry. It works with multiple brokerages and carriers to create a simpler, more efficient and ultimately better process for securing commercial insurance coverage for clients. Learn more at quotey.io.
Media Contact:
Nick Kidd, Quotey Co-Founder and CEO, nick.kidd@quotey.io
