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Overview
Embroker provides a digital-first platform for business insurance aimed at tech companies and startups. It offers tailored policies (including Directors & Officers, Employment Practices Liability Insurance, and Cyber Liability) through instant online quotes and streamlined coverage, with a Startup Package that helps early-stage firms secure insurance quickly and at potential cost savings. The platform works by generating instant quotes and data-driven coverage recommendations, and by integrating with clients’ HR systems to simplify managing insurance benefits. Unlike traditional brokers, Embroker focuses on speed, transparency, and customization for tech businesses, enabling quotes in minutes and full coverage in about ten minutes. The company's goal is to make obtaining appropriate, affordable insurance fast and easy for startups and established tech firms, reducing friction in the insurance-buying process.
About Embroker
Industries
Enterprise Software
Financial Services
Company Size
51-200
Company Stage
Series C
Total Funding
$170.4M
Headquarters
San Francisco, California
Founded
2015
Simplify's Take
What believers are saying
- Stephen Easley joins as VP Underwriting, bolstering expertise in complex risks.
- Partnership with Everspan digitizes insurance via ONE platform for faster binding.
- Over $100M raised fuels expansion into new verticals like financial services.
What critics are saying
- Next Insurance undercuts 25% on startup premiums, eroding Embroker's cost edge.
- Lemonade seizes 15% tech D&O share with AI instant binding in 12 months.
- California 2027 regulation mandates digital quoting, forcing Embroker restructuring.
What makes Embroker unique
- Embroker's ONE platform delivers instant quotes for customized D&O, EPLI, and Cyber coverage.
- Proprietary predictive modeling automates underwriting for tech startups and SMEs.
- Tailored vertical programs target consultants and financial professionals underserved by competitors.
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Funding
Total Funding
$170.4M
Above
Industry Average
Funded Over
5 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Paid Holidays
Parental Leave
Family Planning Benefits
Fertility Treatment Support
Work from Home Office Set-up Stipend
Paid Subscription for Wellable Wellness
Stock Options
401(k) Company Match
401(k) Retirement Plan
Employee Assistance Program
Pet Insurance
Long Term Disability
Flexible Spending Accounts
Sick Time
Paid Parental Leave
RRSP with Employer Match
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↑ 0%2 year growth
↓ -1%Embroker, the digital platform making it radically simple to get business insurance, today announced the appointment of Stephen Easley as Vice President of Underwriting.
Embroker, a digital insurance platform simplifying the insurance process for businesses, has released its "2024 Cyber Risk Index: Startup Edition," revealing a steady rise in cyber insurance adoption with a focus on simplicity, resilience, and investor appeal in a shifting cyber risk landscape.
Embroker partners with Everspan to digitise insurance through Embroker's ONE platform.
Embroker has launched a redesigned website to simplify the business insurance process, emphasizing clarity, transparency, and user-friendliness.The updated platform features enhanced navigation, better-organized content, and faster performance, making it easier for businesses to find information, explore coverage options, and apply for insurance. The new site reflects Embroker’s commitment to creating a more accessible and human-centered digital experience for clients, while maintaining their focus on technology-enabled solutions. “Most importantly, we wanted our digital presence to reflect the human side of our business. Behind every policy is a team of real people committed to supporting your business journey. Our new website aims to bring that human touch to the forefront, while ensuring a streamlined, technology-enabled experience that gets you the coverage you need, when you need it.”
Digital insurance company Embroker has appointed Andrew (Andy) Lea as Chief Insurance Officer (CIO) and promoted Kristy Malm as Chief Operating Officer (COO).
There are no jobs for Embroker right now.
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About Embroker
Industries
Enterprise Software
Financial Services
Company Size
51-200
Company Stage
Series C
Total Funding
$170.4M
Headquarters
San Francisco, California
Founded
2015
There are no jobs for Embroker right now.
Find jobs on Simplify and start your career today