Cios wants to give renters flexibility

Insurance startup Cios, pronounced “keys,” is in the process of building a lease break coverage product for renters that will cover the costs associated with early lease terminations.

Founded in 2022, the Fargo, ND-based startup is planning to launch next year after it secures the necessary capacity to offer the coverage. The current plan is to distribute the product through property owners and management companies.

Cios is led by Terry Wang and Victor Peter.