More coverage options with Foxquilt
Partnership empowers agents to win more business and increase producer velocity
Bold Penguin recently announced a partnership with Foxquilt, expanding admitted commercial general liability coverage options for agents seeking faster turnaround times and fewer administrative hurdles. Foxquilt is a digital Managing General Underwriting (MGU) that empowers agents with an easier way to place commercial insurance, offering instant quoting for eligible risks and 24/7 bind capability.
Foxquilt joins the growing list of carriers and wholesalers available in the Bold Penguin Terminal through direct and market access. This partnership means Bold Penguin users with a Foxquilt market access appointment can quote and bind quickly, moving closer to their goal of finding a home for every risk.
“Small businesses are the backbone of our economy. We are thrilled to collaborate with Foxquilt in protecting their dreams and their assets,” said Nicole Farley, Senior Vice President, Chief Insurance Officer at Bold Penguin. “We are facilitating access to the right protection at the right time, so agents can say with confidence that no time or resources were wasted.”
Foxquilt’s insurance-as-a-service platform is complemented by a unique data and machine-learning underwriting infrastructure. They have appetite for over 500 classes in the contractors, personal services, and e-commerce verticals.
About Foxquilt
Foxquilt is a North American digital Managing General Underwriter (MGU) focused on General Liability insurance for contractors and small businesses. Foxquilt empowers agents with a faster, easier way to place commercial insurance - offering instant quoting on eligible risks, admitted products, and competitive appetite. They are built to support agents who need clear appetite, faster turnaround times, and fewer administrative hurdles when placing General Liability business.
About Bold Penguin
Bold Penguin is the premier digital broker for commercial insurance. Their technology expands top-of-funnel demand and increases yield for enterprise partners. Through digital distribution, wholesale capabilities, and AI-driven insights, they transform the lifecycle of both simple and complex risks, from prospecting to placement. For more information, visit www.boldpenguin.com.
Quick take: Bold Penguin announces partnership with Foxquilt
Bold Penguin expands admitted general liability coverage options through their new partnership with Foxquilt. This partnership means Bold Penguin users with a Foxquilt market access appointment can quote and bind quickly. This expands access to admitted general liability markets for small business risks, particularly across contractors, personal services, and e-commerce.
What is Foxquilt?
Foxquilt is a digital MGU focused on general liability insurance for contractors and small businesses.
What is an MGU?
A Managing General Underwriter (MGU) is a specialized insurance partner that underwrites, prices, and often binds policies on behalf of a carrier. MGUs do not take on the insurance risk themselves; instead, they provide expertise, speed, and access to markets, helping agents place business more efficiently.
What kind of businesses does Foxquilt cover?
Foxquilt has appetite for over 500 classes in the contractors, personal services, and e-commerce verticals.
How does the addition of Foxquilt to Bold Penguin’s platform help agents?
Bold Penguin users can now help business owners with faster turnaround times and fewer administrative hurdles. Foxquilt offers instant quoting for eligible risks and 24/7 bind capability for admitted general liability risks.
How do agents access Foxquilt through Bold Penguin?
Agents can access Foxquilt through the Bold Penguin Terminal if they apply for a market access appointment with Foxquilt.
What is a market access appointment?
A market access appointment is an authorization that allows an agent to quote and bind coverage with a specific carrier or underwriting partner. In this case, agents need a Foxquilt appointment to access its products through the Bold Penguin platform.
How do agents get a Foxquilt market access appointment?
Agents can request a Foxquilt appointment through the Bold Penguin platform. Approval requirements may vary based on current appointment status, licensing, business profile, and underwriting guidelines.
What types of general liability risks are eligible for instant quoting?
Foxquilt supports a wide range of small business risks across contractors, personal services, and e-commerce. Eligibility for instant quoting depends on class, risk profile, and underwriting criteria, with over 500 classes currently supported.
