Fernstone offers a cloud‑native risk‑management platform that centralizes commercial insurance policy administration, certificate of insurance generation, claims tracking, and compliance monitoring. The SaaS solution integrates with carriers via API for real‑time data, automates renewal alerts and billing, and provides role‑based access for secure collaboration, helping fast‑growing service businesses manage liability, workers’ compensation, and property coverage efficiently.
Funding
Funding not disclosed
Founders
Product
Problem
Fast‑growing commercial enterprises often juggle multiple insurance carriers, manual certificate of insurance (COI) issuance, and fragmented claims processes, leading to compliance gaps, delayed coverage, and administrative overhead. The lack of a centralized, real‑time view of policies makes it difficult to track renewals, exposures, and cost efficiency.
Solution
Fernstone delivers a cloud‑native risk‑management platform that consolidates policy administration, COI generation, claims tracking, and compliance monitoring into a single SaaS interface. The system integrates with leading carriers via API to pull real‑time policy data and automate pricing comparisons, while a dedicated risk advisor team provides industry‑specific guidance. Automated alerts notify users of upcoming renewals, expirations, or coverage gaps, reducing missed deadlines. Role‑based access control and end‑to‑end encryption ensure secure collaboration across teams and external partners. Billing and installment management are built into the portal, giving businesses visibility into premium spend and cash flow. The platform’s modular design supports vertical‑specific workflows, such as security‑guard or childcare insurance, enabling rapid quote turnaround and ongoing policy adjustments as the business scales.
Target Audience
The primary customers are fast‑moving commercial businesses—such as security‑guard firms, daycare centers, and other high‑growth service providers—that require streamlined commercial liability, workers’ compensation, and property insurance management.
Features
- Unified dashboard for policy inventory, carrier documents, and endorsement tracking across all commercial lines
- Instant COI creation and distribution with customizable templates and audit‑ready PDF export
- Claims intake portal with real‑time status updates, document upload, and automated routing to assigned adjusters
- Automated renewal and expiration alerts powered by rule‑based engine and configurable notification channels (email, Slack, SMS)
- Role‑based access control (RBAC) and granular permission sets for internal teams and external stakeholders
- Integrated billing suite supporting premium payments, installment scheduling, and historical payment analytics
- API‑driven carrier connectivity for price discovery, quote aggregation, and policy binding across a network of national insurers
- Dedicated risk advisor workflow that surfaces industry‑specific risk exposures and recommends coverage adjustments