Now Insurance will provide its medical malpractice insurance policies to small business insurer Hiscox as part of a new deal.
The deal will enable provide healthcare professionals, including nurses, nurse practitioners, physician’s assistants, physical therapists and others, with access to medical malpractice insurance plans tailored to their specific needs and work requirements.
Available now, consumers can explore and apply for policies in the Hiscox marketplace.
As part of the deal, Hiscox will benefit from NOW’s technology, customer experience and customised coverage options.
NOW Insurance CEO and co-founder Phil Cabaud said, “Accessing affordable, flexible malpractice insurance shouldn’t be a complex or cumbersome experience for medical professionals, especially in today’s market.
“Our focus at NOW is always on the customer and creating an exceptional experience through the right combination of customized coverage, ease of use, accessibility and affordable pricing. Our partnership with Hiscox enables us to do exactly that, to reach more medical professionals seeking tailored coverage options that give them the security they need to focus on the job at hand.”
NOW Insurance leverages AI and risk selection tools to help match small business owners and professionals with the best insurance policies for their specific needs.
Hiscox USA CEO Kevin Kerridge said, “Health care workers are unquestionably the heroes of the past year. They’ve faced seemingly insurmountable challenges, including an influx of patients in need of critical care and rapidly changing work environments, and they’ve continued to keep us safe. We want to make things easier where we can.”
The InsurTech company raised $2.5m in its seed round, which included a $1.25m extension investment late last year.
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