LifeQuote has launched a free business protection insurance service for general insurance brokers who want to extend their insurance offering within the business market.
Available through its LifeQuote service, brokers will be able to use the business protection quote and apply service which includes key person cover, business loan protection and partnership and shareholder cover.
A member of LifeQuote's Express Underwriting team will contact the client, on the broker's instructions, to complete the application form, and then process the case to completion with the provider.
LifeQuote said this both speeds up the underwriting decision process and removes the potential risk of non-disclosure.
Paul Roberts, Head of Intermediary Development at LifeQuote comments: "There is a huge opportunity for insurance brokers to extend their services to increase sales in the key person market.
"Many businesses rely on key individuals who are often woefully underinsured. By simplifying the quote research and application processes, we believe that LifeQuote can help brokers increase sales in this valuable market."
Launching later in 2019
Considered least important
Research from Canada Life
Putting the tech into protection