BizCover expands PI offering through Zurich deal
BizCover has expanded its professional indemnity (PI) offering by signing a new distribution agreement with Zurich Australia, which will see the global insurer’s product made available on its online platform.
The online business insurance firm has said the agreement will allow small and medium-sized businesses with annual revenue under $7.5 million to access Zurich’s PI insurance on the BizCover website starting from 3 March, with limits of up to $10 million.
BizCover customers will also have access to retroactive cover agreed in advance, worldwide cover excluding North America and legal defence costs in the event of a claim under the agreement.
Chief Executive Officer at BizCover, Michael Gottlieb said the partnership reinforced the platform’s focus on delivering a high-quality customer experience.
“Working with an insurer of Zurich’s scale and reputation underlines our focus on delivering a high-quality customer experience built on trust, clarity and confidence in the cover being purchased,” he said.
“We remain focused on supporting our 300,000 Australian small business customers as well as those currently shopping for business insurance.
“By bringing insurers like Zurich onto our platform, we’re helping small businesses feel more confident about the cover they choose at a time when managing risk and cost has never been more important.”
BizCover also said the Zurich partnership aligns with its strategy of working with established insurers to expand the range and depth of cover available on its platform.
Head of General Insurance at Zurich, Alex Morgan said the agreement would broaden access to its underwriting expertise among Australia’s small business community.
“Zurich has a long history of supporting professional services businesses,” Morgan said.
“Through this new distribution agreement with BizCover, more Australian SMEs will be able to access insurance quickly and easily, so they can continue to focus on what they do best.”
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