Wednesday, May 31, 2023
HomeInsurance LawVouch kinds embedded insurance coverage API partnership with StartupOS

Vouch kinds embedded insurance coverage API partnership with StartupOS

Vouch, a US-based  insurance coverage firm, has introduced what it claims to be its first embedded insurance coverage API partnership, with StartupOS in an effort to convey insurance coverage to early stage startups.

StartupOS serves as a platform that aids founders broaden their startups with necessary instruments, knowledgeable steering, in addition to a bunch of mentors, traders, and companions.

Underneath this partnership, customers of the StartupOS platform can now instantly entry quotes for common legal responsibility and enterprise property insurance coverage coverages by way of Vouch.

Moreover, the StartupOS platform will provide free danger administration coaching modules from Vouch solely designed for early-stage founders.

This partnership is claimed to emphasize the mutual dedication of the 2 firms to assist early-stage founders and defend their firms in the course of the preliminary phases.

Vouch Insurance coverage co-founder and CRO Travis Hedge mentioned: “Two-thirds of founders get enterprise insurance coverage at firm formation, however zero % of first-time founders do. On the subject of insurance coverage, there’s each an consciousness and a belief hole that leaves many early-stage startups under-covered and weak.

“With embedded insurance coverage from Vouch, firms on the StartupOS platform can work instantly throughout the platform they already use to get educated on the coverages which are important to their enterprise, get quotes, and work with Vouch to seamlessly full the method of buying insurance coverage.”

StartupOS can leverage Vouch’s API to utilise latter’s core underwriting performance side by way of an integration, which is straightforward to implement and keep.

The API facilitates companions to supply a materially unique and higher expertise to customers when shopping for insurance coverage by way of their platform.

StartupOS chief platform officer Jeff Wagner mentioned: “We’re thrilled to associate with Vouch to supply enterprise insurance coverage coaching and merchandise instantly by way of our platform. By way of our collaboration and API integration, we’re guaranteeing that our startups have entry to one of the best insurance coverage merchandise tailor-made to their wants.

“This partnership is a major step ahead in our dedication to offering startup founders with essentially the most revolutionary and complete options to assist their progress. We’re excited concerning the worth this may convey to our founders and sit up for a profitable partnership with Vouch.”

Established in 2018, Vouch is a enterprise insurance coverage supplier to hundreds of firms.

It has raised $160m from a number of Silicon Valley establishments and traders, together with Ribbit Capital, Redpoint Ventures, Y Combinator, and Index Ventures.

In January 2023, Vouch Insurance coverage has bought lending startup Stage for an undisclosed quantity.



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