E&S products available on Bold Penguin Exchange
Bold Penguin has announced its partnership with Markel Specialty to expand Bold Penguin Exchange to include excess and surplus (E&S) coverage.
Adding E&S coverage to Bold Penguin’s existing offerings (which include General Liability, Business Owners Policy, Professional Liability, Workers Compensation and Commercial Auto) not only increases the value of the Bold Penguin Exchange but also gives more non-traditional small businesses peace of mind through access to the coverage they need.
“We’ve noticed that now more than ever, E&S coverage is critical to modern SMBs,” said Mark Schauss, who heads up all binding P&C for Markel. “Partnering with Bold Penguin was the natural next step in transforming E&S insurance.”
“Our mission at Bold Penguin is to empower agents, brokers and carriers to find the ideal commercial insurance solution for each individual SMB, including those that are not traditional businesses. Our technology is unifying a fragmented market, and Markel is a major player in E&S underwriting, so partnering with them allows us to enter this space in an extremely impactful way,” said Ilya Bodner, founder, and CEO of Bold Penguin.
By partnering with Markel Specialty, Bold Penguin can now offer E&S commercial coverage options alongside standard options to agents and brokers representing non-traditional SMBs three times faster than the traditional process.