TSB partners with Superscript to offer insurance to small business banking customers

TSB, the high-street bank, has chosen Superscript, the insurtech scale-up, to provide its small business banking customers with personalised, flexible business insurance.

Superscript has joined forces with TSB as the exclusive business insurance provider, providing its business banking customers access to a range of customisable business covers in 5 minutes or less*, through the bank’s integrated online marketplace.

The collaboration will see existing and new TSB customers offered free commercial legal protection insurance with any chosen Superscript cover for a lifetime. This includes easy access to a 24/7 legal and tax advice helpline where customers can manage legal affairs as efficiently as a company with an in-house team.

The partnership represents a further step for TSB in the development of its digital proposition for small businesses. Recognising that small businesses are underserved by insurance providers with bundled policies and clunky contracts resulting in sub-optimal cover, TSB is adding Superscript to a lineup of six best-in-class providers across other service categories in its digital marketplace. Through Superscript, TSB customers will be able to access tailored covers that perfectly suit their needs and make amends at any time at no extra cost.

Other marketplace providers include Enterprise Nation, Be the Business, Funding Circle, Square and Adobe.

Henry Newby, Partnerships Director at Superscript, said: “The partnership with TSB is a huge milestone for us as TSB is a major leading high street bank with a modern ethos and a strong focus on building out their digital proposition. Together with TSB we are providing more value for their business banking customers through this new business-critical product, which will be accessed through an integrated and hassle-free business insurance journey.

We’re already thinking about the future with TSB, this being the first step of a collaborative relationship where we can further develop a tech and data-driven embedded insurance offering that TSB customers won’t be able to find elsewhere.”

Adeel Hyder, Business Banking Director at TSB said: “We are delighted to have Superscript on board to further enhance our commitment to developing a richer digital business banking experience for our small business customers.

“Small businesses make up the vast majority of our business banking customers, and Superscript’s small business proposition is perfectly suited to serve them.”