Markets/Coverages: Insurtech Foxquilt Launches E&O Product

Small business focused insurtech Foxquilt said it has launched an admitted errors & omissions product with a rollout to 10 states starting in September. E&O is Foxquilt’s second admitted product in the U.S. along with commercial general liability. “E&O is the first of several strategic additions to out platform as we continue building Foxquilt into a scalable, multiline commercial insurance business,” said CEO and Co-Founder Karim Jamal, in a statement. Early in 2024, Foxquilt, a managing general agent specializing in embedded insurance technology, announced a strategic capacity relationship with specialty insurer Markel. Foxquilt said its E&O product will expand opportunities across its distribution channels, allowing its agent and broker network to access the product through Foxden, a proprietary insurance platform. Foxden allows small business owners and the insurance professionals that support them to instantly quote and bind a policy. Through Foxden, business owners, agents, and brokers will have digital and immediate access to both of Foxquilt’s CGL and E&O products. The E&O product will be available in Alabama, Arizona, Georgia, Michigan, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, and Wisconsin with a nationwide rollout by the end of 2026, Foxquilt said. Topics InsurTech Tech New Markets Was this article valuable? Thank you! Please tell us what we can do to improve this article. Thank you! % of people found this article valuable. Please tell us what you liked about it. Here are more articles you may enjoy.