The Next Generation of Insurance?
A former associate has helped to found a company called Lemonade. Unfortunately most people when they think of insurance think of lemons, not Lemonade.The reputation of the insurance community has been suspect, especially to younger buyers of insurance. The Lemonade model provides clarity to the insurance transaction which is rarely seen, especially at the individual consumer level.Love this business model:
- A transparent 20% fee to run everything
- We pay claims super fast
- If there's money leftover, we give it back to causes
https://lemonade.com/Here's a good interview with their senior execs...http://www.lifehealthpro.com/2016/09/21/3-reasons-lemonades-ceo-wants-to-disrupt-the-insur?t=company-news&slreturn=1475508546Kudos to this disruptive model and look forward to watching their success! Always nice to see something new in the insurance world and this appears like Lemonade has legs.Paul R HughesLibertate Insurance
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The PEO Compass is a friendly convergence of professionals and friends in the PEO industry sharing insights, ideas and intelligence to make us all better.All writers specialize in Professional Employer Organization (PEO) business services such as Workers Compensation, Mergers & Acquisitions, Data Management, Employment Practices Liability (EPLI), Cyber Liability Insurance, Health Insurance, Occupational Accident Insurance, Business Insurance, Client Company, Casualty Insurance, Disability Insurance and more.To contact a PEO expert, please visit Libertate Insurance Services, LLC and RiskMD.