Foresight Risk & Insurance Services, the commercial insurtech platform offering safety incentives to insureds, today announced the availability of Commercial Property insurance lines, including Inland Marine, Contractors Equipment, and Builders’ Risk, which will be offered as a complement to Workers Compensation. The launch positions Foresight as a disruptive commercial insurtech in the middle market segment, with a focus on hard-to-place industries such as construction/trades, solar farms, agriculture, manufacturing, and light industrial.
Coverage is now available exclusively through appointed brokers in all eight states in which Foresight operates: Arkansas, Arizona, California, Louisiana, New Mexico, Nevada, Oklahoma, and Texas. The new offering streamlines the complex commercial placing process, furthering Foresight’s commitment to bringing insurtech value to brokers. Brokers can now place more of their clients’ risk through Foresight.
“The option to add commercial property and inland marine lines onto workers compensation coverage was important to our valued broker partners and their clients, so it became important to us,” said David Fontain, CEO and founder of Foresight. “The new lines allow us to deliver ease of doing business to brokers and opens the door to more hard-to-place businesses that want to save on their workers compensation premiums.”
In addition to now expanding its insurance offerings, Foresight is poised to launch in several key states and add additional commercial lines to its platform later this year. This expansion will allow the company to meet market demand for a safety-driven pricing model in workers compensation coverage.