Search company, investor...

Founded Year

2015

Stage

Acquired | Acquired

Total Raised

$28.3M

About CoverWallet

CoverWallet focuses on providing commercial insurance services. The company offers a range of insurance products for businesses, including general liability, workers' compensation, commercial auto, professional liability, business owners' policy, and cyber liability. It primarily serves sectors such as transportation and logistics, food and accommodation, contractors, and consultants. The company was founded in 2015 and is based in New York, New York. In November 2019, CoverWallet was acquired by Aon.

Headquarters Location

One Liberty Plaza Suite 3201

New York, New York, 10006,

United States

646-844-9933

Loading...

Loading...

Expert Collections containing CoverWallet

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

CoverWallet is included in 3 Expert Collections, including SMB Fintech.

S

SMB Fintech

1,586 items

I

Insurtech

4,196 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

8,122 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.

Latest CoverWallet News

Aon Launches Multi-Industry Franchise Solutions Program

Oct 26, 2023

The offering simplifies the insurance process for both franchisors and franchisees of multiple industries in North America with better choice, digital tools and dedicated broking resources. Aon plc  (Chicago) a global professional services firm, has announced the launch of Aon’s Franchise Solutions program in North America. Powered by Aon’s CoverWallet  (New York) technology, Aon says its franchise solutions are designed to better inform, advise and protect franchise businesses. Aon says it seeks to help franchise businesses understand and manage risk across their franchisee network, while also delivering customized insurance programs to franchisees at scale. The company says franchisors benefit from real-time coverage verification that provides insights on compliance and potential exposure, through innovative digital tools, data and analytics. Aon reports that it provides real-time insights to analyze risk exposures and compliance standards, empowering franchisors to make better decisions. Andreea Stefanescu, Head of North America Partnerships, Digital Client Solutions, Aon. “Managing insurance for franchisors and franchisees is not always simple and straightforward, especially for multi-unit operators,” comments Andreea Stefanescu, head of North America partnerships, Digital Client Solutions, Aon. “Aon’s Franchise Solutions Program provides a unique experience that simplifies their insurance management journey, helps protect businesses from unknown risks and helps franchise networks function seamlessly.” For franchisees, Aon says it offers dedicated broking resources, tailored coverage at preferred rates designed to meet franchisor compliance requirements at various levels, and a simple buying experience. The platform enables them to manage insurance policies online, receive multiple quotes in real time and obtain certificates of insurance, all in one place. With these solutions, Aon asserts that it eliminates friction in the insurance buying and servicing process, thus closing protection gaps and reducing the time franchisees spend on insurance. As franchisees expand and grow amid new forms of volatility, they stay protected with data-driven insurance recommendations and dedicated resources to help meet their needs with both high-tech and high-touch service, Aon says. For companies like  Restore Hyper Wellness (Austin, Texas), a provider of proactive health and wellness services, Aon negotiates pricing with A-rated carriers to offer their franchisees coverage solutions including General Liability, Property Insurance, Workers Comp and Professional Liability. The program helps franchise networks navigate the intricate web of insurance policies and regulations to help keep their business protected, according to Aon. Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803. Leave a Comment

CoverWallet Frequently Asked Questions (FAQ)

  • When was CoverWallet founded?

    CoverWallet was founded in 2015.

  • Where is CoverWallet's headquarters?

    CoverWallet's headquarters is located at One Liberty Plaza, New York.

  • What is CoverWallet's latest funding round?

    CoverWallet's latest funding round is Acquired.

  • How much did CoverWallet raise?

    CoverWallet raised a total of $28.3M.

  • Who are the investors of CoverWallet?

    Investors of CoverWallet include Aon, Zurich Insurance Group, Fort Ross Ventures, Two Sigma Ventures, Union Square Ventures and 7 more.

  • Who are CoverWallet's competitors?

    Competitors of CoverWallet include Vouch and 4 more.

Loading...

Compare CoverWallet to Competitors

Embroker Logo
Embroker

Embroker operates as a digital insurance company. It offers custom-built insurance policies that are underwritten instantly with real-time claims tracking for small and mid-sized enterprises. The company was founded in 2015 and is based in San Francisco, California.

Next Insurance Logo
Next Insurance

Next Insurance focuses on providing insurance services, specifically tailored to the needs of small businesses. The company offers a range of insurance products including general liability insurance, workers’ compensation insurance, professional liability insurance, commercial auto insurance, and commercial property insurance among others. The company primarily serves sectors such as retail, food and beverage, construction, consulting, education, entertainment, fitness, financial services, real estate, and more. It was founded in 2016 and is based in Palo Alto, California.

A
Assured

Assured is a company that focuses on providing a Claims Intelligence Platform, operating in the insurance technology sector. The company offers a platform that helps ingest and augment structured claims data, enabling better decision-making. It provides services such as first notice of loss, messaging, fraud detection, catastrophe response, and no-code plugins to augment existing claims processes. It was founded in 2019 and is based in Palo Alto, California.

Vouch Logo
Vouch

Vouch offers business insurance services to startups with the technology, advice, and risk-mitigating tools. It provides a wide range of proprietary coverages such as general liability, business property, fiduciary liability, media liability, and more. It serves life science, digital health, web three, hardware, consumer, and other sectors. It was formerly known as SV Instech. It was founded in 2018 and is based in San Francisco, California.

Coverdash Logo
Coverdash

Coverdash is a fully-digital commercial insurance agency that aims to make insurance accessible to small businesses of all shapes and sizes through its embedded technology. It provides insurance services for freelancers, e-commerce, and small businesses. The company was founded in 2022 and is based in New York, New York.

J
Joyn Insurance

Joyn Insurance is a company that focuses on underwriting commercial insurance in the Small and Middle Market sectors. The company offers general liability and property insurance, using technology, data, and expertise to deliver a transparent and efficient insurance experience. Joyn Insurance primarily serves sectors such as Real Estate, Manufacturing, Services, Wholesale, Retail, and Artisan Contractors. It was founded in 2020 and is based in Sacramento, California.

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.