SME insurtech Digital Risks has joined the Starling Marketplace, making it possible for the 65,000 business account holders of mobile-based lender Starling Bank to instantly purchase tailored insurance coverage directly from their smartphones.
The offering features a flexible monthly subscription model which allows changes or cancellations at any time at no extra cost. Starling customers will also be able to keep track of their policy dates via the challenger bank’s app.
An Insurtech UK member, Digital Risks provides commercial legal protection, cybersecurity, management liability, employers’ liability, public liability, and professional indemnity.
“Starling has taken retail banking by storm, giving users a truly better way to manage their finances, and we’re excited to partner with them to bring simplicity to SME insurance through their in-app marketplace,” said Digital Risks chief executive Cameron Shearer.
“The partnership means that our Starling customers can now easily protect themselves against the multitude of threats that they will inevitably face as they grow and can also easily adapt their subscription-based cover as their circumstances change.”
Meanwhile, cybersecurity platform CyberSmart has also come onboard the Starling Marketplace.
Commenting on the bank’s widened partners roster, Starling founder and CEO Anne Boden stated: “These new partnerships will make it quicker and easier for our clients to ensure they have both the insurance cover they need and the vital cybersecurity systems in place.
“Small businesses are subject to up to 10,000 cyberattacks per day, so it is vital that they are properly insured and have robust digital protection. By working with Digital Risk and CyberSmart, our business customers will be able to focus on growing their businesses knowing that their insurance and cybersecurity needs have been taken care of.”