Simply Business – Everything you need to know
Simply Business operates an online insurance brokerage which specialises in protecting the business its customers are building by simplifying the insurance-purchasing process for small businesses. Simply Business provides specialist small business insurance which is tailored to the requirements of the individual client and offers a variety of insurance covers from business insurance to product liability insurance and landlord insurance.
The business prides itself on being able to provide quotes from a broad range of insurers in minutes, allowing its customers to pick the core covers that they require with options for different risks.
Simply Business offers products online on behalf of a broad panel of carriers including Hiscox, AXA, and Zurich and has a UK-based team which guides customers through each step of their cover, offering a variety of communication channels through which they can be contacted.
The history of Simply Business
Simply Business started operations in 2005 and has since developed to build a team of 500 staff members, operating in three offices, two in the UK and one in the US. Simply Business is now one of the UK’s largest business insurance brokers, with over 500,000 businesses and landlords protected by its tailored insurance solutions.
In 2017, Simply Business was acquired by US insurance giant Travelers for approximately £400.6 million, continuing to operate as a stand-alone business and partnering with its panel of carriers. At the time of the deal, CEO of Simply Business, Jason Stockwood said: “Our shared values and commitment to innovation make this transaction a perfect fit.”
In 2018, Simply Business continued its growth spurt by announcing a long-term partnership with one of the leading price comparison websites in the UK. At the time of the deal Simply Business, CEO, David Summers said: “We’re constantly challenging ourselves to create something better for our customers – whether that’s through the innovative use of new technologies, harnessing the power of data, or building on our existing insurance expertise.”
The team at Simply Business
Vice Chairman – Jason Stockwood: Prior to working at Simply Business, Stockwood worked at global dating website Match as international managing director as well as enjoying roles at Travelocity Business, Trailfinders and The Drinkaware Trust.
Group CEO – David Summers: Summers implements the growth and innovation strategy of Simply Business. Prior to this role, Summers worked in a variety of roles at Simply Business including COO and director of operations and before joining the business, he worked as a management consultant at Accenture.
Group CTO – Lukas Oberhuber: Oberhuber joined Simply Business in 2010 and has been responsible for the implementation of the business’s Lean Startup methodology. He was previously CTO of Forward Internet Group as well as director of technology at Sapient and is the founder of internet telecoms company, SipAlive.
COO – Beatriz Montoya: Montoya’s role at Simply Business involves creating customer-centric marketing efforts, products and services and she works to build insurance products which can deliver the requirements of business owners and landlords. Prior to joining Simply Business, Montoya worked at Time Inc as consumer marketing director and as head of UK marketing at Euromoney.
Culture at Simply Business
“One of the best parts of working here is the ability to give something back,” according to Simply Business and this is encouraged through a broad range of initiatives from charity fundraising through annual events, to staff being encouraged to help the business tackle gender diversity in technology.
Simply Business works with Whizz-Kidz, a charity that aims to transform the lives of disabled children and help them to realise their full potential by providing equipment, support and life. The company has raised over £200,000 for this charity since the start of 2016 and has used this money to purchase recreational mobility equipment, powered chairs and manual chairs for disabled children in Northamptonshire and London.
The business also supports England's Amputee Football Association, a registered charity which relies on the commitment of amateur players, volunteers and partners to promote amputee football throughout the UK and internationally.