Torrent Technologies Launches FloodPlus Commercial
New York | September 16, 2019
Expands Private Flood Coverage Offerings for Small Businesses
Torrent Technologies, a Marsh company, announced today the availability of FloodPlus Commercial, a new, comprehensive private market primary flood insurance offering for agents of its Write Your Own (WYO) carrier clients.
Underwritten by Bermuda-based Hiscox through Johnson & Johnson, Inc., a Mount Pleasant, South Carolina-based managing general agent, FloodPlus Commercial provides up to $2.5 million in flood coverage for small commercial property owners’ building, building personal property (BPP), and business interruption risks.
FloodPlus Commercial is offered via Torrent’s state-of-the-art technology platform, does not require elevation certificates, and is not subject to a 30-day waiting period, allowing insurance agents to quote, bind, and issue policies in real time.
Torrent offers the industry’s only integrated platform where agents can easily quote National Flood Insurance Program policies via WYO carriers, along with a growing product offering of private primary and private excess flood policies on a single entry system.
“Flood is one of the most destructive and most common natural disasters, yet many small business owners do not insure against it, in part due to lack of coverage options or because they do not understand they are at risk,” said Kevin Tobin, CEO of Torrent. “With FloodPlus Commercial, we are providing the agents of WYO carrier clients with a comprehensive private flood offering they can bring to small business owners across the US to help protect their properties and assets at an affordable price.”
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