Freelancer insurance agency Dinghy to shut down
In a message posted on its site, insurance startup Dinghy announced that it is no longer accepting new policies – as of Feb 11, 2023.
“Please rest assured that all existing customer policies will continue uninterrupted and remain in effect with no changes until their expiration date. Existing customers will continue to have access to their current policies online and these continue to be supported by Allianz and ARAG. However, when these existing policies come to a natural end at the agreed expiration date, existing customers will need to seek alternative insurance.”
As background, Dinghy launched in London in 2018 when it offered commercial insurance coverage via an online portal.
Products offered included professional and public liability, cyber and business equipment insurance.
In 2019, European specialist broker Kingsbridge Insurance Brokers acquired Dinghy, hence the following message:
“Dinghy UK Limited is an Appointed Representative of Kingsbridge Risk Solutions Ltd, which means Kingsbridge Contractor Insurance can offer you an insurance package to cover Professional Indemnity, Public Liability and much more including Cyber Liability and Legal Expenses.
With competitive premiums and support both over the phone and online, Kingsbridge may be able to offer you a competitive alternative to Dinghy.
You’re under no obligation to take insurance from our friends at Kingsbridge Contractor Insurance, but we wanted to give you the option of discussing to see if a Kingsbridge policy is right for you.”
Nowadays, Kingsbridge is a member of NSM Insurance Group, which is part of The Carlyle Group and both purchases (NSM acquiring Kingsbridge, Carlyle acquiring NSM) took place after the Dinghy deal.