Foxquilt is a fully digital platform that lets small‑to‑mid‑size businesses purchase customized commercial liability insurance online in minutes. By using profession‑specific policy templates and instant quoting, it provides only the coverages needed, offers flexible payment options, and delivers policy documents instantly for U.S. and Canadian markets.
Funding
$12M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
IFounders
Product
Problem
Small business owners often struggle to obtain commercial liability insurance that matches their specific industry risks, faces lengthy application processes, and pays for generic coverage they don’t need. Traditional carriers also require phone calls, paperwork, and waiting periods, which delay compliance with marketplace or regulatory requirements.
Solution
Foxquilt delivers a fully digital insurance platform that lets businesses purchase customized commercial liability policies online in minutes. Users select their profession, answer a few targeted questions, and receive an instant quote that includes only the coverages relevant to their operations. The platform supports both U.S. and Canadian markets and offers cross‑border policies, flexible payment options, and electronic policy documents delivered instantly via email. By combining proprietary underwriting rules with a user‑friendly interface, Foxquilt reduces the time, cost, and administrative burden of obtaining business insurance while ensuring compliance with marketplace requirements such as Amazon’s product‑liability mandates.
Target Audience
Primary customers are small‑to‑mid‑size business owners and independent professionals—such as Amazon/eBay sellers, contractors, fitness trainers, and service‑based entrepreneurs—who need quick, affordable, and industry‑specific liability coverage.
Features
- Profession‑specific policy templates (e.g., eCommerce, contractors, fitness instructors, handymen) that automatically include appropriate coverages such as Commercial General Liability, Product Liability, Cyber, and Errors & Omissions
- Fully embedded online workflow: instant quoting, digital purchase, and immediate email delivery of policy documents
- Customizable coverage limits and optional add‑ons so businesses pay only for needed protection
- Flexible payment plans, including credit‑card processing and monthly installments
- Multi‑ISO rating and admitted carrier backing for both U.S. and Canada, ensuring regulatory compliance
- API‑ready enterprise platform for partners to embed insurance directly into their SaaS or marketplace solutions