blip Aims to Offer Affordable Business Cover to Smaller Companies

The latest from blip, who claim they can offer cheaper business insurance to smaller companies; 

Insurtech startup blip is now offering small business insurance policies that are on average 1/3 cheaper than the lowest price on price comparison websites. blip is putting its money where its mouth is, also offering a best price match guarantee and annual profit-share model for all members as part of its triple-lock guarantee.

blip is not on price comparison websites, instead engaging directly with customers to offer the best price. blip is returning to the first principles of insurance where the premiums of the many pay for the claims of the few and by cutting out price-inflating middlemen, blip is pioneering its new triple-lock guarantee for small businesses:

1. Compare: blip is on average up to a third cheaper than the best price found on price comparison sites
2. Match: blip guarantees to match any lower price found by a small business owner, ensuring the best possible deal
3. Profit-share: At the end of each year, if total annual claims and expenses are less than the total premium, blip shares the profits with their customers. blip anticipates returning as much as 10% of the total policy premium to its members.

Gary Ross, CEO of blip said: “By cutting out the middlemen we avoid passing on administration fees to our customers and instead offer prices that are, on average, up to a third cheaper than those found on Go Compare, Simply Business and other price comparison websites. This direct-to-customer model ensures that blip consistently offers the most competitive rates in the market.”

Understanding that insurance is not always a top priority for small businesses, blip focuses on providing fast, easy-to-understand policies at the best prices. Additionally, blip offers access to an online community and useful tools, giving customers more time to concentrate on what truly matters – their business. blip’s commitment to customer satisfaction extends beyond competitive pricing.

Gary Ross continues; “At blip we know the most important thing for small business owners when it comes to their insurance is price. We have streamlined our platform to remove unnecessary and costly stages of the insurance value chain allowing us to offer the most competitive price on the market. We’re on average up to a third cheaper than the best price out there and on the rare occasion we’re not we’ll match that price!”

blip’s innovative model challenges the traditional perception of insurance companies as entities that take from customers. Instead, blip is pioneering a customer-centric approach that prioritises affordability, simplicity, and community support.