The commercial insurtech rebuilding workers' compensation around one idea - prevent the injury, and the claim never comes.
Most insurance is a wager placed after the fact. You buy a policy, something goes wrong, a check follows. Foresight, a San Francisco commercial insurtech, structured its business around the opposite instinct: the cheapest workers' compensation policy is the one where nobody gets hurt in the first place. The company ties safe work practices directly to insurance savings, and bundles a safety platform, virtual coaching and data-informed underwriting into every policy it writes.
The origin is not a boardroom story. Co-founders David Fontain and Peter Grant lost a close friend to a workplace accident. That loss became the company's operating premise - make safety proactive, not reactive - and it explains why Foresight was built in a garage in 2015 but did not write its first policy until October 2020. The founders spent five years building safety technology before they sold a single policy.
Foresight targets a slice of the market other carriers avoid: the hard-to-place middle market. Construction, manufacturing, agriculture, auto services, landscaping - safety-critical industries where risk is real and pricing is hard. The company positions itself as the first insurtech to specialize in commercial coverage for exactly that segment.
Foresight is the commercial insurtech that ties safe work practices to insurance savings.- Foresight company statement
The core product is workers' compensation insurance built for agents. Foresight sells through independent brokers, then writes on select QBE North America entities' paper - a partnership that gives a venture-backed startup carrier-grade capacity. What changes the math is what comes bundled: the Safesite safety platform and a virtual safety coaching service on every policy.
Safesite is an award-winning safety app for incident reporting, hazard management, jobsite inspections and a real-time safety performance score. Layer on proprietary AI models for hazard identification, and Foresight can underwrite on live safety data rather than static forms. The claimed results: incident frequency down an average of 31%, and claims frequency down 17%.
Independent insurance agents and their middle-market clients in construction, manufacturing, agriculture, auto services and landscaping. Foresight holds multi-state authorization across the U.S.
Safety-critical industries are hard to price and hard to place. Traditional carriers underwrite the risk and pay the claims; Foresight tries to reduce the underlying incidents so premiums can fall.
Foresight's pitch rests on measurable safety outcomes. These figures come from the company's own reporting - treat them as claimed performance, not audited results.
Comp coverage built for agents and the hard-to-place middle market, with rates tied to demonstrated safe work practices.
Award-winning safety app for incident reporting, hazard management, inspections and a real-time safety performance score.
Human-centered virtual safety consulting included with coverage to drive incident frequency down on the jobsite.
Proprietary machine-learning models for hazard identification and data-informed underwriting that speed decisions and price real risk.
The insurtech field is crowded - Pie Insurance, Next Insurance and safety-focused players all chase small-business coverage, while incumbents like The Hartford, Travelers and AmTrust dominate middle-market comp. Foresight's wedge is the pairing of a real safety product with the insurance itself. Safety software alone is a dashboard; insurance alone is a bet. Combining them, and pricing on the resulting data, is the differentiator.
It has enough validation to be taken seriously: a $39M Series B led by OMERS Ventures, a QBE paper partnership, and a spot on Celent's 2025 Model Insurers list for digital and emerging technologies. For a company that spent five years building before selling, the recognition suggests the slow-build approach is holding.
Make safety proactive, not reactive - a world where everyone gets home safely from the workplace.- Foresight mission
Fontain and Grant start with the Safesite safety platform after losing a friend to a workplace accident.
Foresight writes its first workers' comp policy in October, launching as a middle-market insurtech.
Round led by OMERS Ventures brings total funding to $74.5M.
Begins writing on select QBE North America entities' paper, effective November 1.
Named a 2025 Model Insurer for Digital and Emerging Technologies.
Foresight Group brings together the Foresight insurance business and the Safesite safety platform under one roof - technology first, coverage second.
It's a commercial insurtech selling workers' compensation insurance for middle-market businesses, bundling the Safesite safety platform, virtual coaching and AI-informed underwriting to prevent injuries and lower rates.
Co-founded in 2015 by David Fontain (CEO) and Peter Grant, a civil engineer, after they lost a close friend to a workplace accident.
Safety-critical middle-market industries including construction, manufacturing, agriculture, auto services and landscaping.
About $74.5M total, including a $39M Series B led by OMERS Ventures with Builders VC, Brick & Mortar Ventures, Digital Garage Ventures and the George Kaiser Family Foundation.
It ties premiums to demonstrated safe work practices - every policy includes a safety app and coaching, with reported average incident-frequency reductions of 31%.