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New business

Win more of the business you quote.

From first conversation to bound, coverbound makes you faster to quote, easier to say yes to and harder to forget.

Start free trialSee how it works
Insurers approached for a renewal reply one by one, a declined market shows its reason and a chase task is added automatically for the slow one.
Two beekeepers in yellow suits lifting frames out of a hive
Do you use subcontractors?

Questionnaire submitted

Same day, 18 of 18 answered

Get the information fast

  • One link to the prospect covers every insurer you plan to approach
  • They answer by form or chat, on their phone, without a login
  • Insurers' own PDFs come back filled in and ready to submit

Market results

Tallis Freight · Motor fleet

4 approached
Harbour MutualQuoted $21,480
Allied CommercialAwaiting · 11 days
Southern CrossTerms offered
Lloyd's syndicateDeclined

Why they said no: “Outside appetite for interstate haulage”

Know where every quote is

Approach as many insurers as the risk needs. coverbound keeps track of who has replied, so you're not digging through your inbox.

  • Submissions drafted from the client's answers and claims history, then forwarded from your own email
  • Who has quoted, who has declined and who hasn't replied, at a glance
  • Insurers who go quiet are chased for you
  • Every decline kept in the underwriter's own words
  • Quotes and wordings lined up side by side on the Compare tab
  • The results fill the market review in your proposal. No rewriting in Word.

Insurance recommendation

Brightco Pty Ltd · sent Tuesday

Opened
Summary1m 10s
Your placement4m 32s
Optional covers2m 05s
Important notices20s
Accepted · Cyber added Bind task created

Close it

  • Proposals built from the placement: premium summary, cover by class, market results
  • See when the link is opened and how long they spend on each page
  • Clients accept, choose optional covers and instruct you to bind online
  • The bind task appears the moment they say yes
A builder framing a timber structure under a blue sky

Come back to Ridgeline Builders

Renews elsewhere in 60 days

Win it later

  • Mark it lost and coverbound asks why it went
  • A follow-up is set 90 days before the policy renews with the other broker
  • The follow-up names the incumbent insurer and the reason you lost it
  • Declined proposals get a follow-up while the client still remembers why

Step by step

From enquiry to bound, in one place.

Give coverbound the prospect's website. A risk brief comes back with the risks to discuss and the questions to ask at the first meeting.

Website and registerSourced facts
See risk briefs

Send one link that covers every insurer's form. The prospect answers once, by form or chat.

One linkNo login

Import the loss runs and let AI draft the submission around the client's figures. You forward it from your own email.

Loss runs readWrite with AI

Record each insurer you approach. Replies land on the placement and slow markets get a chase.

Market resultsAutomatic chasing

The insurers' quotes and wordings, side by side with the expiring policy. Each difference cites the wording and page number.

Terms and wordingQuoted evidence

The proposal fills itself from the placement and the approved comparison. Write with AI gives you a first draft to make your own.

Merge fieldsYour branding

The client signs on their phone, adds optional covers and instructs you to bind.

Accept and bindBind task
A broker starts a risk brief on Kestrel Engineering, a prospect. coverbound reads the company's website and the ABN register, pulls out the company facts and checks each one against its source. The brief lists four risks to discuss, from a single CNC line supplying two mining customers to customer drawings held on a shared portal. The broker opens the priority risk and sees the quote from the website behind it with three questions for the first meeting, confirms it and the brief is emailed to the broker.

Also in New business

Built for the way placements actually run.

Insurer register

Insurers, Lloyd's syndicates, agencies and MGAs, with ratings and an as-at date. APRA and UFI flags in Australia, FRN in the UK.

Taxes worked out

ESL or FSL, GST and stamp duty in Australia. Insurance Premium Tax in the UK. Any figure can be overridden.

Every detail of the cover

Limits, excesses, extensions with sublimits, exclusions and subjectivities. Subscription lines with a lead insurer and each share.

Why markets said no

Declines by insurer with their reasons, so you know who to approach first next time.

Win rate

See what you won, what's open and how long submissions have been with a market.

Letter of appointment

Get appointed with an e-signed letter. Onboarding tasks start the moment it's signed.

Before you ask

Questions about new business.

Can I approach several insurers for one risk?
Yes. Record every insurer, their response and their terms. The results fill the market review in your proposal.
Can I compare the quotes that come back?
Yes. The Compare tab lines up each insurer's quote and wording against the expiring policy. Approve it and it fills the client's recommendation document.
Does coverbound email the underwriters?
No. The submission comes to you to forward from your own email. Record where it went and coverbound keeps the chase clock.
What happens when an insurer goes quiet?
After the number of days you set (10 by default), a chase lands in your diary for that placement.
Do clients need an account to accept?
No. They open a link on their phone, choose optional covers, sign and instruct you to bind.
What if we lose the placement?
Mark it lost with the reason. coverbound reminds you 90 days before it renews with the other broker.

Keep exploring

Submissions and loss runs

Loss runs read, submissions drafted

Asset schedules

Fleet and plant lists, read and checked

Quote comparison

Quotes and wordings side by side

Try it with your own book.

Send a client the chat, compare a real renewal, build a proposal. 14 days free, no card needed.

Start free trial