Foxquilt Company Research Report

Company Overview

Name, Mission of the Company

Company Name: Foxquilt

Mission: Empowering business owners to protect their businesses through embedded customizable insurance.

Founding Information

Founded: 2016

Founders: No information is available

Key People in the Company

Director of Partnerships: Page Forron

Director, Partnerships: Rebecca Mayo

VP, Partnerships: Josh Reznick

Headquarters

Address: 1 Yonge St, 603, Toronto, Ontario, M5E 1E5, Canada

US Office: 1422 S Tryon St, Charlotte, North Carolina, 28203, USA

Number of Employees

Approximately 51-200 employees.

Revenue

No information is available

What the Company is Known For

Known for providing customized small business insurance solutions.

Innovating with a unique data-driven and machine-learning underwriting infrastructure.

Offers a fully embedded online insurance experience and cross-border coverage for US and Canadian clients.

Products

Commercial General Liability

Description: Provides coverage for general business risks.

Key Features:

Covers physical injuries and property damage.

Financial protection against claims of negligence.

Cyber Insurance

Description: Protects businesses against digital threats.

Key Features:

Covers data breaches and cyber-attacks.

Financial protection for cyber extortion and data restoration costs.

eCommerce Insurance

Description: Tailored for online retailers.

Key Features:

Liability coverage for products sold online.

Coverage for business disruption due to cyber incidents.

Professional Liability

Description: Also known as Errors & Omissions (E&O) insurance.

Key Features:

Protects against claims of negligence or failing to perform services.

Covers legal defense costs and settlements.

Recent Developments

New Products Launched

Commercial General Liability Insurance

Cyber Insurance

eCommerce Insurance

Professional Liability Insurance

New Features Added to Existing Products

Cross-border US and Canada coverage: Unique insurance solutions catering to businesses operating both in the US and Canada.

Multi-ISO Rating: Provides custom tailored policies to meet specific business needs.

New Partnerships

Partnership with Level 10 Contractor for offering specialized contractor insurance solutions.

Partnered with Security Underwriting Managers (SUM) for streamlined quoting and binding processes.

Additional Developments

Series B Funding: Raised $12 million in the latest funding round on August 25, 2023, from ICM.

Testimonials

Customer Reviews:

"Getting my small business insurance policy through Foxquilt was a BREEZE! I just slashed my costs by almost 50% compared to my previous insurer." — Shayla

"The site/application is user-friendly and I had my insurance policy in around 1 hour. Really pleased with the price, the comprehensive coverage, and the overall level of service." — Jasmine

"Ideal for small business insurance, especially tailored for Amazon sellers. Great customer service, post-purchase support is excellent. They offered the most competitive rates I could find online." — Gerald

Conclusion

Foxquilt is innovating the insurance market for small businesses by offering customized, technology-driven insurance solutions that are easy to purchase and manage online. The company's focus on embedded, real-time services and cross-border coverage sets it apart from traditional insurance providers.