Are you looking for a modern business insurance platform? Embroker is the fastest-growing insuretech company in the US. Business insurance is one of the oldest industries that was built on personal relationship rather than leveraging technological advancement. Embroker came to existence to change the narrative that existed in the insurance industry with digital business insurance models that promises to eliminate inefficiencies that lead to price increase and customer frustrations. Embroker incorporates technology from machine learning to AI to make policies more tailor-made and less expensive to purchase. It is the mission of Embroker to make it radically easier for businesses to get the right insurance policies for the best price.
Embroker was founded in 2015 as the first digital insurance provider in the US and it now has over 20K users. It became the first intelligent business insurance platform. Matt Miller, the founder was serving on a board of the world's largest insurance brokerage and the experience made him realize the value of transferring risk through insurance. Most of the time, he saw how businesses were rescued from falling apart and he also noticed inefficiencies in the legacy systems that had not grasped the benefits of technological advancement that could make insurance systems more efficient.
Embroker came to catalyze and capitalize on this gap that existed in the insurance systems leveraging on technology to cut down inefficiencies and bring down insurance policy prices. In 2016, Embroker became the first insurance company to apply for all commercial insurances online and to manage its policies through a cloud-based portal. Embroker partnered with Munich Re in November 2017 to start building its insurance products that could be underwritten algorithmically and bought online. In October 2018, Embroker launched its first intelligent business insurance platform which makes it the first company to offer a full suite of digital speciality insurance products. Businesses can now buy directors' and officers' employment practices and liability insurance in minutes rather than waiting for weeks.
Products and Services at Embroker
Embroker has continually added digital products to its insurance policies to make businesses and startups obtain coverage faster and at an affordable price. In April 2019, Embroker added technology errors and omissions inc. Cyber to the startup package. In December 2019, it added a workers compensation policy and in February 2020, it added lawyers professional liability. In July 2020, it added a management liability package and in September 2020, it addedCyber liability and commercial crime product to its digital insurance policies. In October 2020, Embroker launched Embroker access that allows select outside brokers access to market-leading products for quick quotes and cloud-based management tool.
When things go wrong, Embroker has got your back. You've got complete protection from all angles with our diversified digital products for you to carry out your day-to-day activities without worries. Placing a claim at Embroker is a breeze, with our dedicated team of customer care agents, your claims cannot beat their expertise and are radically committed to deal with claims to minimize the impact of financial losses to your business startup.