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Slice Launches New On-Demand Small Business Product for Specialty Market
Slice Labs Inc. (Slice), a technology company providing insurance products to protect small businesses, has added a new A.M. Best A++ rated digital small business product. In partnership with Philadelphia Insurance Companies (PHLY), a premier International Property/Casualty and Professional Liability insurance carrier, the companies have rolled out small business general liability in the United States for the specialty market.
Supporting Slice’s mission to support the underserved specialty small business insurance market, the new product will complement Slice’s already successful artisan contractors general liability (GL) product. Agents across a network of over 200,000 agents through some of the largest digital wholesalers and MGAs will have access to this small business insurance product.
Slice’s fully digital, Contractors GL small business insurance product focuses on contractors, general contractors, and remodelers with 65+ types of businesses. Initial availability is in Florida, Mississippi, and Missouri, with 45 additional states to follow (all states but LA and NY). Agents can purchase online easily in minutes with a credit card monthly or annually, with no need to speak to an underwriter.
“In order to meet the needs and demand of our growing distribution base, and to provide agents with a 100% digital experience, we are very proud to add one of the best E&S markets to our product offerings,” said Tim Attia, co-founder and CEO of Slice. “We’re excited to bring our tech forward insurance products to the specialty market to help address the small business protection gap.”
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