At-Bay introduces MPL coverage via API
Insurance startup At-Bay announced that its Miscellaneous Professional Liability insurance product will now be available via API to wholesale brokers, multi-carrier platform providers, and other distribution partners who service the insurance and small-to-medium sized business community.
The MPL API allows for a seamless integration across multiple partner environments. Upon deployment, brokers can get bindable quotes in under two minutes for more than 50 business classes when applying for a policy with limits of up to $2 million. For customers who need up to $5 million in limits, brokers should expect to hear from an underwriter within 48 hours.
Policies available to businesses with revenue of up to $25 million.
“Our approach to MPL has been to take what’s historically been a complex risk for the industry to price for and cover, and turn it into an insurance product that has commercial scalability and a world-class user experience that brokers, insureds, and channel partners can benefit from equally. With more than fifty of the most in-demand business industries covered by our current line, our revenue limit is also one of the most competitive in the industry. Now that we have an API in place, adding new classes is our next priority.” – At-Bay’s head of partnerships, Kristie Felton.