BOSTON, Nov. 26, 2018 /PRNewswire/ -- Oyster Insurance, a better alternative for small business insurance needs, today announced that they have begun protecting small businesses in California. Now licensed in 26 states, Oyster plans to launch their workers' compensation coverage in an additional six states throughout 2019.
Oyster has been providing workers' compensation to over 70 classes of business in New York and New Jersey since January of this year. Coverage initially began with professional classes such as software consulting firms, lawyers and medical and dental offices. The company has expanded into covering variety stores, groceries/delis, bakeries, eating places, drug stores, jewelry stores and florists.
"Obtaining regulatory approval in California is very important to Oyster and to our partner network," said Curt Stevenson, Managing Director at Oyster Insurance. "The majority of our larger digital distribution partners are not only based in the Bay Area, but have a significant amount of their small business customers throughout the state. In aggregate, 40 percent of our potential customers are based in California and we are committed to their success."
Oyster uniquely provides partners the ability to offer workers' compensation coverage that is bindable online to small business owners. As businesses juggle a number of demands on a daily basis, Oyster is enabling entrepreneurs and small business owners the ability to bind coverage online 24x7. Providing real-time quoting and binding capabilities to partners has been a significant factor in Oyster's growth.
About Oyster Insurance Oyster was born to fuse technology, empathy and expertise to make insurance what it should be: simple and stress-free. Oyster provides small businesses and entrepreneurs the ability to bind workers' compensation coverage online, 24x7, but also employ traditional underwriting as needed. Backed by A.M. Best A rated underwriting, and fortified by decades of tech and insurance experience, Oyster was designed from scratch to be user-friendly and customer-focused, providing the utmost in security and value for its small business customers. For more information, please visit www.oysterinsure.com.