InsurSec At-Bay added 40 new classes of business to MPL insurance product

InsurSec provider At-Bay has added more than 40 new classes of business to Miscellaneous Professional Liability (MPL) product and increased the eligible revenue limit for businesses to $50 mn.

A full-stack insurance company, At-Bay offers Cyber, Tech E&O and Miscellaneous Professional Liability (MPL) policies.

At-Bay is backed by Acrew Capital, Glilot Capital, the HSB fund of Munich Re Ventures, Icon Ventures, ION Crossover Partners, Khosla Ventures, Lightspeed Venture Partners, M12, entrepreneur Shlomo Kramer, and Qumra Capital.

Boosting the number of business classes available within the six most popular verticals offered by At-Bay MPL, the industries represented span the likes of Real Estate, Education, Consulting and Financial Services, Media and Communication, Employment and Staffing, and Legal and Security Services.

InsurSec At-Bay added 40 new classes of business to MPL insurance product

Leveraging At-Bay’s proprietary risk engine and advanced analytics capabilities to better assess and price risks for MPL with greater speed and accuracy, a typical At-Bay MPL quote takes brokers less than two minutes to produce when businesses meet all eligibility requirements on the broker platform or via a distribution partner.

We ffer brokers wide and comprehensive coverage for more than 130 MPL classes, with expanded appetite to support larger businesses. Our underwriters and claims managers also continue to provide the same exceptional service that At-Bay has become known for within the industry

Austin Martin, At-Bay’s Head of Professional Liability

When underwriter reviews are required, the turnaround time is usually within 48 hours, which is a fraction of the time most insurers take. In addition to At-Bay’s broker platform and distribution partner network, quotes for MPL are now available to brokers via email as well.

At-Bay MPL launched in August 2022 and since then, its gross written premiums have more than doubled. At-Bay’s continued investment in the product, and most recent expansion to include 40 additional classes of business within just a year of launching, positions it to become the preferred provider of Miscellaneous Professional Liability coverage in the years to come.

The new enhancements to At-Bay’s Miscellaneous Professional Liability offering demonstrates the company’s ongoing commitment to addressing the ever-changing needs of businesses and brokers.

At-Bay underwrites Miscellaneous Professional Liability insurance policies through United Specialty Company, a Markel Corporation subsidiary, rated A (excellent) by AM Best, and offers capacity up to $5 mn in limits for businesses up to $50 mn in revenue.

It also provides coverage for Cyber Liability and Technology Errors and Omissions.

At-Bay is the InsurSec provider for the digital age. By combining world-class cybersecurity technology with industry-leading insurance expertise, At-Bay was designed from the ground up to empower businesses to thrive in the digital world by providing end-to-end prevention and protection.

Peter Sonner   by Peter Sonner