Hourly.io, an ambitious startup aimed at revolutionising the workers’ comp landscape for businesses employing hourly and mobile workers, has forged a strategic partnership with Nationwide, a prominent provider of insurance and financial services.
This alliance sets out to broaden the scope of Hourly’s workers’ comp and payroll service.
The collaboration comes into play with Hourly serving as a Managing General Underwriter (MGU), employing its advanced technology and real-time data-driven platform to underwrite workers’ comp for skilled trade businesses. This innovative approach offers a stark contrast to the industry norm of basing underwriting decisions on data aged 12-18 months. Hourly.io has thus positioned itself as a fair, accurate, and quality insurance alternative for businesses across several sectors, including construction, contracted services, transportation and trucking, foodservice, and retail stores.
Founded in 2018, Hourly.io has rapidly positioned itself as an industry disruptor. The company offers a unique platform integrating workers’ comp, time tracking, and payroll services in real-time. This novel solution ensures that premiums are calculated with remarkable precision. As a pioneer in this space, Hourly.io’s mobile-first platform seamlessly connects these facets of the industry.
Nationwide, a Fortune 100 company, lends significant credibility and resources to this partnership. The integration of Hourly.io’s advanced underwriting model into Nationwide’s platform is set to bolster Hourly’s network of over 3,000 independent insurance producers. The partnership aims to expand client bases, retain more customers, and generate higher revenues while distinguishing themselves from competitors.
Hourly Co-founder and CEO Tom Sagi expressed his excitement about the new partnership, “With Nationwide on our side, our growing network of independent insurance agents will finally be able to offer small and medium-sized businesses a service-oriented alternative, ensuring they don’t overpay for their coverage. And these same small businesses will better understand their labor costs—including workers’ comp premiums—information they can use to bid more accurately on projects and manage their expenses to the penny.”
Nationwide’s Vice President Dale Hoppe also shared his optimism about this alliance, “Our collaboration with Hourly’s payroll platform sets new industry standards by prioritizing fair pricing, better overall service, and a commitment to continuous innovation. Nationwide and Hourly’s much-needed upgrades to the workers’ comp space will become the new benchmark for the industry for the mobile workforce, filling a gap that has plagued workers’ comp for far too long.”
To learn more about this strategic alliance and how it can benefit your business, please visit hourly.io.
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