Benefitfocus Expands Property Product Suite in BenefitsPlace with Renters’ Insurance

October 24, 2019

 

Editor’s Note: As the leader in HCM technology consulting services, HRchitect is a founding System Integration (SI) Partner with Benefitfocus, serves on their SI Advisory Committee, and has been involved in more implementations than any other partner. Our Benefitfocus experience includes Project Management, Implementation, Portal Development and Ongoing Support, Process Analysis/Redesign, Training, Integration, and Change Management.

 

Toggle ℠, a Farmer® Company, provides customizable protection for renters

Charleston, S.C. – October 24, 2019 – Benefitfocus, Inc. , a leading cloud-based benefits management platform and services provider, today announced that ToggleSM, a Farmers® Company, is now available as part of the Benefitfocus BenefitsPlace® offering. Toggle, a renters insurance subscription provider, is uniquely designed so renters can tailor their coverage selection to meet their individual needs and budgets.

 

BenefitsPlace allows employers, brokers and medical insurance carriers to offer industry-leading specialty benefits products from more than 45 leading brands. The product catalog also gives consumers easy access to all categories of voluntary benefits together in one place.

 

“Toggle’s customizable, affordable product removes barriers to purchasing this in-demand coverage,” said Ray August, President & CEO, Benefitfocus. “We’re proud to include reputable suppliers, like Toggle, in the BenefitsPlace suite, which allows employers and their brokers to offer workforces access to these highly sought-after products year-round.”

 

Toggle’s digital difference

“Toggle redesigned renters insurance to create a modern digital subscription that’s both user-friendly and affordable. We created unique, customizable coverage options so consumers can create the plan that’s best for them,” said Stephanie Lloyd, head of Toggle. “We are hyper-focused on aligning with companies that share our vision of providing modern solutions to the modern person, so Benefitfocus was a natural choice.”  But, recent customers probably say it best:

 

“Good price. I love how I can customize my plan to truly cater to my life.” – Akin, Colorado customer

 

“This was so easy to use and I was very surprised that my coverage was so customizable and very affordable.” – Ashley, Illinois customer

 

Toggle’s value to Benefitfocus customers

More households are renting in the U.S. than at any time since the mid-1960s, but only 46 percent of them have renters insurance. Toggle has redesigned renters insurance to make it easier than ever to purchase this important protection. They provide customizable plans that suit different lifestyles and budgets. Renters can select from three subscription levels, priced as low as $5 per month. They are then able to customize their policy by toggling different coverage elements up, down, on or off, with optional add-on features, including:

 

  • Credit Lift powered by RentTrack®, which reports on-time rent payments to all three major credit bureaus to help build a renter’s credit score. On average, users see their credit scores increase by 29 points after just two months.
  • Pet Parent℠ offers protection for injuries caused by a renter’s pet to another person, boarding costs if a covered loss makes their residence unfit to live in and damage caused by their pet.
  • Side Hustle® covers items customers use to make extra income, like sound equipment for a DJ. This option also covers personal injury for social influencers and lost wages due to a covered loss.
  • Technology Coverage protects personal technology devices in the event of damage or loss.

All Toggle coverages include Always-On Portability, allowing renters’ belongings to be covered at home, on the road, during a move or anywhere they travel in the world.

 

Find out more about how Toggle’s customizable plans help renters protect their property.

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To learn more about HRchitect and how we can help your organization with your Human Capital Management (HCM) technology needs, please request a consultation. As the leader in HCM Systems strategic consulting, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation and selection, change management, implementation, project management, client-side implementation assistance, and ongoing support of HCM systems of all types including Talent Acquisition, Talent Management, Learning Management, Workforce Management, Time & Attendance, Benefits, Core HR/Payroll, and more. Over the past two decades, working with over a thousand clients of all sizes and industries across the globe, our knowledge of best practices continues to expand and our experience is vast and unsurpassed. We have expertise around all major HCM systems including ADP, Benefitfocus, Ceridian, IBM Kenexa, Kronos, Oracle, Saba, SAP, SuccessFactors, Taleo, Ultimate Software, WorkForce Software, and more. HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

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