Just like we’ve simplified the way business insurance is purchased and managed, we’ve also simplified the way we generate revenue. Our straightforward pricing model allows us to earn revenues two different ways.
- Insurance carriers pay us a commission for every policy that is purchased through our platform.
- Businesses pay a percentage-based finance fee of up to 20% of premium.
The traditional insurance revenue model has been known to incentivize brokers and agents to sell policies customers might not need or with inflated coverage limits. Our finance fee-based revenue model, in contrast, covers the costs associated with allowing our customers to pay for their insurance monthly and with a credit card, building and maintaining our online platform, and allows us to be profitable on even the smallest insurance policies. As a result, we never recommend that customers buy insurance they don’t need or select coverage limits that are too high for their company.