Torrent Technologies launches new flood coverage for small commercial property owners

Torrent Technologies – a Marsh company – has launched a new comprehensive private market primary flood insurance offering. The new FloodPlus Commercial provides up to $2.5 million in flood coverage for small commercial property owners’ building, building personal property (BPP), and business interruption risks, a release said. The policy is underwritten by Hiscox through the managing general agent Johnson & Johnson. It will be offered through Torrent’s technology platform, which allows insurance agents to quote, bind, and issue policies in real time. Notably the platform does not require elevation certificates to quote a policy, nor will it impose a 30-day waiting period before the policy gets bound. Torrent’s platform allows agents to easily quote National Flood Insurance Program (NFIP) policies through Write Your Own (WYO) policy carriers.