Vouch is now available to 78% of the US venture-backed startup market
Vouch Insurance, the business insurance platform for startups, announced an expansion of its core insurance offering, growing the scale of businesses it can serve startups from seed-stage to Series B and beyond.
With this announcement, Vouch will expand service to companies with larger employee counts (up to 150 employees), capital raised (up to $75 million), and sales volume (up to $35 million), which will allow the company to serve existing customers through new phases of growth, as well as cover mature startups. Alongside an expanded offering, Vouch has scaled its insurance offering throughout 22 states in less than 12 months, including California, Texas, New Jersey, Washington, D.C., and, most recently, Massachusetts, making its products available to 78% of the venture-backed startup market nationwide. Today, Vouch covers hundreds of startups including Routable, Neighbor, Middesk, and Pipe.
“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.” – Sam Hodges, CEO and co-founder of Vouch.
Vouch offers a range of products including Business Property, General Liability, Directors & Officers, Employment Practice Liability, and Cyber Coverage. Policies are backed by Digital Partners, a Munich Re company.