Hippo’s First Connect Adds Berkshire Hathaway’s biBERK Small Business Insurance Products

Rhea-AI Summary

First Connect Insurance Services has partnered with biBERK, a leader in small business insurance, to enhance coverage options for independent agents. The new offerings include worker's compensation and professional liability policies, facilitating online quoting, binding, and issuance in just 5 minutes. This collaboration aims to mitigate operational risks for small businesses facing accidents, natural disasters, and professional errors. Hippo Holdings Inc. continues to strengthen its position in the insurance market, expanding the services available through its subsidiary, First Connect.

Positive

• Partnership with biBERK enhances product offerings for independent agents.
• New policies include worker's compensation and professional liability.
• Online quoting and binding in 5 minutes increases efficiency.

Negative

• None.

biBERK helps small business owners mitigate operational risk from accidents, natural disasters, professional errors and more

PALO ALTO, Calif.--(BUSINESS WIRE)-- First Connect Insurance Services, a digital platform designed to provide independent agents with access to the nation's top carriers, announced today the addition of biBERK, a leading insurance company for small business that’s part of the Berkshire Hathaway Insurance Group. The new product offering includes worker’s compensation, professional liability and business owner’s policies (BOP).

"Business owners face a variety of operational risks, from accidents and injuries, to natural disasters and professional errors," said First Connect President Aviad Pinkovezky. "By partnering with biBERK we are adding another trusted brand to the First Connect portfolio and providing independent agents with the small business coverage their clients need to better protect their companies."

biBERK makes it easy for small business owners to protect their businesses against operational risks, and allows agents to quote, bind, and issue a policy online, in just 5 minutes. The carrier offers coverage on both new ventures and previously uninsured businesses. biBERK's dedicated Partner Services Team provides customer assistance to both insureds and agents.

First Connect, a subsidiary of the Hippo Insurance Group, levels the playing field for independent agencies, connecting them with best-in-class carriers. The company leverages proprietary technology to provide agents with a full suite of quoting and binding options to help grow their businesses.

To learn more about how First Connect provides independent agencies with access to the leading carriers or to sign up, visit firstconnectinsurance.com.

About Hippo

Hippo is protecting the joy of homeownership, helping to safeguard customers’ most important financial asset by harnessing the power of real-time data, smart home technology, and a growing suite of home services to deliver proactive home protection.

Hippo Holdings Inc.’s (NYSE: HIPO) operating subsidiaries include Hippo Insurance Services, Hippo Home Care, First Connect Insurance Services, Spinnaker Insurance Company, Spinnaker Specialty Insurance Company, and Mainsail Insurance Company. First Connect Insurance Services is a licensed property casualty insurance agent with products underwritten by various insurance companies. For more information, including licensing details, visit http://www.hippo.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221018005099/en/

Mark Olson

press@hippo.com

Source: Hippo

FAQ

What is the partnership between First Connect and biBERK about?

The partnership aims to provide independent agents with enhanced coverage options for small businesses, including worker's compensation and professional liability policies.

What new products are offered by First Connect?

First Connect now offers worker's compensation, professional liability, and business owner's policies through biBERK.

How quickly can agents issue a policy with biBERK?

Agents can quote, bind, and issue a policy online in just 5 minutes.

What does this partnership mean for Hippo Holdings Inc. (HIPO)?

The partnership strengthens Hippo's market position by expanding the services available through its subsidiary, First Connect.