Whitby, ON (Dec. 7, 2023) – Quotey and Sandbox Mutual Insurance are delighted to announce the addition of Sandbox’s restaurant package in Quotey’s marketplace. This is the first time that a product has been made available for Canadian insurance brokers to provide instant, bindable quotations for their restaurant clients.
Effective today, Sandbox’s insurance broker partners using the Quotey platform will receive quotes for their qualifying restaurant businesses in seconds, with a broad appetite for cafés, dine-in or take-out restaurants, pizza parlors and licensed restaurants with liquor receipts not exceeding 40%. Sandbox’s product will flex to meet the needs of individual clients with a range of coverage options including property, business interruption, liability, crime, equipment breakdown, cyber and more.
“Restaurants have been a notoriously difficult class of business for brokers to place in recent years,” said Quotey CEO and Co-Founder, Nick Kidd. “So, we’re thrilled to include a high-quality restaurant package from Sandbox into our marketplace, enabling their broker partners to quote this business in seconds rather than days.”
The addition of restaurants, complements the availability of other Sandbox products already available on Quotey including contractors, retailers, professionals and office packages.
“We are thrilled to launch our restaurant package on the Quotey platform,” says Sandbox AVP, Underwriting, Chelsa Materi. “In addition to the Sandbox products already available, brokers can now secure quotes within seconds, transforming the way restaurant businesses are insured. This continued strategic collaboration exemplifies our commitment to providing a delightfully simple insurance experience while accelerating the insurance process for brokers.”
Quotey launched last year in all provinces except Quebec – where it will be available in 2024 – and is Canada’s first multi-insurer commercial lines quoting and cover comparison tool for brokers. The platform only costs $10 a month per user and allows brokers to complete a single digital application for over 700 classes of business and get instant comparable quotes from a growing list of participating insurers like Sandbox Mutual Insurance.
About Sandbox Mutual Insurance
Sandbox Mutual Insurance provides trusted and reliable home, auto, commercial, and farm insurance to policyholders in partnership with valued brokers across Saskatchewan, Alberta, and Manitoba. With a focus on providing delightfully simple insurance, Sandbox is committed to meeting the evolving needs of our customers. For more information, visit sandbox.ca.
Founded in 2020, Quotey Inc. is a privately held Canadian technology company based in Whitby, Ontario, established to serve the commercial insurance industry. It works with multiple brokerages and carriers to create a simpler, more efficient and ultimately better process for securing commercial insurance coverage for clients. For more information, visit quotey.io.
SOURCE: QuoteyTags: Brokers, commercial lines, industry first, InsurTech, InsurTech Spotlight, launch, Quotey