Vouch, an Insurtech targeting the startup sector, says it has expanded its services from seed-stage startups to Series B companies while moving into 22 new states in the past 12 months. Vouch is on a mission to simplify the insurance process for early stage firms and become the “go-to insurance provider for businesses as they start and scale.”
In a release, Vouch said will now service companies with larger employee counts (up to 150 employees), capital raised (up to $75 million), and sales volume (up to $35 million). Vouch seeks to serve existing customers through new phases of growth, as well as covering more mature startups.
Sam Hodges, CEO and co-founder of Vouch, stated:
“It has always been critical for businesses and technology companies to manage risk responsibly — and arguably now more than ever before. As a company grows from early stage toward increased maturity, the responsibility to build a risk-averse business increases with more stakeholders involved on all sides. The breadth of Vouch’s offering, geographic footprint, and policies will allow us to serve a wider range of companies as they take steps to mitigate future business and operational risks amidst the COVID-19 pandemic.”
Vouch’s platform underwrites proprietary coverage for startups and growing companies, including Business Property, General Liability, Directors & Officers, Employment Practice Liability, and Cyber Coverage.
Vouch has created a digitized underwriting platform built in-house, which creates a tailored package of insurance policies within 10 minutes and implementation within 24 hours.
Vouch’s policies are backed by Digital Partners, a Munich Re company, one of the largest A-rated reinsurers in the world.
