FAQ
Common questions about embedded insurance and about how benefit administration platforms can offer insurance to their members through ShieldKnot. If you do not see your question, get in touch and we will answer it directly.
Embedded insurance is insurance offered inside another company's product or purchase flow, rather than bought separately from an agent. A traditional insurance product is reimagined as a seamless add-on that appears at the right moment in a partner's software or service, so customers can opt in with a click. ShieldKnot designs and powers these embedded add-ons for software and benefit platforms.
Software companies add insurance through a ShieldKnot API integration or a drop-in web component. ShieldKnot's team does the integration work, so the partner exposes their code in a shared repository and we build, review with the partner's tech team, and deploy. The result is an insurance add-on that fits the partner's existing checkout or product flow.
Available lines include pet insurance, single-trip and annual travel insurance, special-event liability, event cancellation, and other voluntary add-on coverages. ShieldKnot also develops new-to-market products with its carrier partners when a partner's audience needs coverage that does not yet exist.
Timelines depend on the integration method and product mix, but ShieldKnot's team performs the integration work to shorten the partner's development effort. API integrations and file-feed onboarding are both designed to launch quickly because the rating, compliance, and carrier connections already exist on ShieldKnot's side.
Yes. Through ShieldKnot, a benefit administration platform can offer insurance to members as a voluntary benefit. ShieldKnot acts as the licensed insurance producer, so the platform distributes the coverage and earns recurring revenue without holding an insurance license itself. Members can be enrolled through an API or a secure file feed.
No. ShieldKnot is the licensed producer of record and is licensed in all states and territories where it transacts insurance. Your platform provides the member relationship and distribution while ShieldKnot handles the regulated insurance activity, including rating, binding, and policy issuance.
Both. ShieldKnot offers a REST API for real-time quoting, purchase, and policy management, and a secure flat-file feed for benefit platforms that send eligible members on a schedule. With the file feed, ShieldKnot handles enrollment, billing periods, renewals, and cancellations automatically.
Embedded insurance places an insurance add-on inside a software product's purchase flow, usually via API or web component. A benefit-platform partnership distributes insurance to the members of a benefit administration platform, often through a file feed of eligible members. Both models use ShieldKnot as the licensed producer, and both earn the partner recurring revenue.
Partners earn a recurring share of premium on every policy placed through ShieldKnot. It is passive, ongoing income that grows with adoption, and the partner does not have to staff an insurance operation. Specific terms are set per partnership.
ShieldKnot is a licensed insurance producer in all states and territories where it transacts insurance (Illinois producer license #3002117772), with Canadian and international expansion planned.
Tell us about your product or member base and we will recommend the right approach. Let's connect.
