More facts about BOXX
BOXX exists to make your digital world safer. We will continuously provide our customers the most effective combination of cyber threat prediction, prevention, response, recovery and insurance coverage; so they can live their lives and run their businesses without cyber worry.
We’re a digital age insurer built to help businesses and families stay ahead of cyber threats and provide the best, simplest and most reassuring insurance experience we can. We are aiming for zero paperwork and instant everything. We offer hassle-free business, and consumer products in Canada and soon in other places in the world. BOXX is a fully licensed Managing General Agent and Lloyd’s of London coverholder which means that we underwrite, price, and sell policies, as well as manage renewals and partnerships.
How is BOXX’s business model different from that of a traditional insurance carrier?
Traditional insurance companies respond once there has been a claims incident. BOXX was built differently. At BOXX, our goal is for you to never had an incident by providing with you education, security tools and managed services to reduce your changes of being hit. In the event you are compromised, unlike traditional insurers who may take some time to respond to you, BOXX has a tech team available 24/7 to answer and respond to your emergency call. This way, our customers enjoy amazing insurance, have access to services that we’ve already vetted and society, as a whole gets a little digitally safe.
How are you using my premium dollars?
BOXX keeps a fixed percentage from the premiums we collect. This pays for developing cool tech, running an insurance business (including salaries, rent, and expenses), and hopefully making some profit. As a fully digital business, we can operate at a lower cost than traditional insurers which means we can share those savings with our clients. BOXX is a fully licensed and approved Lloyd’of London coverholder which means that we underwrite, price, and sell policies, as well as handle renewals and administration. We take a flat fee from all premiums paid by our customers, and use the that money to run our business. The remaining amount of premium is used by our insurance backers to pay for claims and the cost of their capital.
How is BOXX structured?
BOXX Insurance Inc is a privately owned company with its head office in Toronto, Canada. BOXX Inc. is the parent company for a subsidiary company in Singapore.
How do I get BOXX insurance?
BOXX policies are primarily sold through insurance brokers or partners. With certain plans, Business customers can also download the app in order to manage their policy, get help from our team, and file claims.
What kind of policies does BOXX offer?
We currently offer cyber insurance for businesses and consumers. We’re constantly working on new and exciting products and features. We recommend following us across Social Media channels to get updates about new stuff as it becomes available.
Are you financially rated?
Our insurance partners are. These are the companies that pay our claims. Some of the biggest insurers in the world and well known brands are backing BOXX. Names like Munich Re and Hartford Steam Boiler back BOXX’s policies, in addition to the world renowned Lloyd’s of London.
When can I expect BOXX to be available where I live?
BOXX is already available across Canada. For everyone else – we’re coming soon, so stay tuned for updates.
How can I reach you if I have had a potential incident?
If you have a BOXX policy, click here to get in touch. Otherwise, you can always get in touch with our team through the insurance broker or partner you purchased the policy through.
How do you keep my information private?
Data breaches are a global problem which is why we are global too
BOXX Insurance has offices across the world, ready to assist you.