INSURANCE TECHNOLOGY

Great American Insurance Group’s PolicySweet® Introduces Coverage for Home-Based Businesses

Great American Insurance Group | September 20, 2021

Great American Insurance Group is pleased to announce a new product offering through PolicySweet®, its end-to-end online experience for small business customers. PolicySweet, which allows small business owners to research, shop, quote and purchase insurance online, is expanding its coverage to include HomeHQSM, a policy designed for home-based businesses to provide coverage for business liabilities that a homeowners or renters policy does not typically include.

A HomeHQ policy can protect at-home businesses and their owners from the unexpected. Our research indicates that most home-based businesses do not have insurance. HomeHQ is an affordable, easy-to-purchase option for home entrepreneurs, giving them peace of mind that their operations are covered for the most common risks.

- Rich Suter, Divisional President, Great American Alternative Markets.

HomeHQ coverage from PolicySweet is designed for home-based businesses with four or fewer employees, and includes the following coverage:
  • Business Liability Insurance: It may protect against third-party bodily injury, associated medical costs and legal claims filed against your business.
  • Business Property Insurance: It could protect your business from loss due to fire, wind and more. Property liability insurance replaces business property caused by a covered loss.
  • Business Stock Insurance: It may cover the cost of replacing business inventory or merchandise in the event that it is lost, stolen or damaged.

About Great American Insurance Group
Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for more than 110 years (most recent rating evaluation of “A+” (Superior) affirmed January 28, 2021. The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG.

Spotlight

With the number of cyber-attacks on the rise, it’s natural to think that this increase of cyber-attacks is due to new actors and technological developments, said Yakir Golan, the CEO of Kovrr, the Tel Aviv-based provider of predictive cyber risk modeling solutions. “The truth of the matter is, cyber attacks are very often a modified version of an old attack. Whether it’s the same attack vector, same tools or the same vulnerability with a new exploitation, similar types of attacks, methods and techniques are likely to reappear in the near future and re/insurers should be prepared and on the lookout for how they can affect their portfolios,” added Golan.

Spotlight

With the number of cyber-attacks on the rise, it’s natural to think that this increase of cyber-attacks is due to new actors and technological developments, said Yakir Golan, the CEO of Kovrr, the Tel Aviv-based provider of predictive cyber risk modeling solutions. “The truth of the matter is, cyber attacks are very often a modified version of an old attack. Whether it’s the same attack vector, same tools or the same vulnerability with a new exploitation, similar types of attacks, methods and techniques are likely to reappear in the near future and re/insurers should be prepared and on the lookout for how they can affect their portfolios,” added Golan.

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CORE INSURANCE

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EY | July 14, 2021

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CLAIMS

EXL Partners with Benekiva, to Enhance Digital Claims Capabilities of EXL’s LifePRO® Policy Administration Platform

EXL, Benekiva | February 17, 2021

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INTELLECTUAL PROPERTY

AXA XL Announces Key Leadership Appointments in Aerospace Underwriting

AXA XL1 INSURANCE | January 11, 2022

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