Foresight
Workers' compensation insurance built for agents that improves client safety and lowers rates
Overview
Foresight is a workers' compensation MGA (Managing General Agent) that combines cutting-edge technology with the Safesite safety platform to prevent workplace injuries and reduce claims. The company was founded in 2020, evolving from the Safesite safety platform that was inspired by a workplace accident that resulted in the death of the founders' friend.
Foresight takes an agent-centric approach, providing workers' compensation insurance products built specifically for insurance agents. The platform combines insurance products with safety enhancements to reduce claims costs and premiums. By improving client safety outcomes, Foresight helps agents differentiate their offerings while delivering better results for their clients.
The company has raised $59 million in funding, including a $39 million Series B round led by OMERS in January 2022, with participation from Builders VC, Brick & Mortar Ventures, and others. Foresight serves safety-critical industries including construction, manufacturing, agriculture, auto services, and landscaping.
Products & Services
Workers' Compensation Insurance
Agent-focused workers' compensation coverage with integrated safety platform.
Key Features
- Workers' compensation coverage
- Integrated Safesite safety platform
- Safety improvement programs
- Claims reduction focus
Target Users: Safety-critical industries
Distribution: Independent agents
Safesite Safety Platform
Proprietary safety management and loss prevention technology.
Key Features
- Safety management tools
- Workplace hazard identification
- Safety program implementation
- Injury prevention analytics
Target Users: Employers in safety-critical industries
Distribution: Bundled with insurance