Holiday Party Planning & Insurance: Key Risks

Holidays

It’s that time of year again: holiday party season. Holiday parties offer coworkers the opportunity to socialize, network, and celebrate the year’s accomplishments. While there’s nothing wrong with having fun, companies should be aware that there are a number of very serious risks surrounding company parties and events.

SlipShare Q&A: Customer Insurance Journeys

Client Q&A With Homer Logistics

Hearing and sharing customer stories is an important part of what we do at CoverWallet. It helps us be our best, and highlights why continue innovating to make it simple for small business owners to manage their insurance.

We also think it’s important for entrepreneurs to get a better understanding of the insurance difficulties other business have faced, and how these challenges were overcome.

When we met Paul Norton, founder of SlipShare, we knew we needed to share and tell his story. He was gracious enough to sit down with us and walk us through his journey.

CoverWallet Raises $7.8 Million, Adds Jim Ermilio as President of Insurance

CoverWallet is excited to announce today that we’ve receive $7.8 million in funding in a Series A round led by Union Square Ventures. To date, we’ve raised $9.5 million.

In addition to Union Square Ventures, Index Ventures and previous investors Highland Capital Partners, Two Sigma Ventures, and Founder Collective participated in the Series A round. We’re also welcoming John Buttrick of Union Square Ventures to the board, who has previously led investments in startups reinventing financial services industries, such as Lending Club, SigFig, and RealtyShares.

D&O and Other Management Liability Risks for Non-Profits

Non-Profits + InsuranceNon-profit organizations are a major sector in the business community. There are more than 1.5 million such organizations in the U.S., and the sector accounts for almost 10 percent of all salaries and wages paid in the country, according to The Nonprofit Almanac.

Non-profits face a number of unique legal and financial risks. For example, many non-profits depend on volunteers to carry out their work. But traditional business insurance policies typically only cover paid employees, leaving a coverage gap that must be addressed.

These unique risks have led to a number of policies that are specialized for the non-profit sector. Unfortunately, many organizations still don’t understand the risks they face and the best way to mitigate them.

Coffee Shops: Key Risks & Insurance Tips

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Few business ventures are more rewarding than a well-run restaurant or coffee shop. The development from hopeful idea to fully-fleshed reality rests on the your ability to please customers while working long hours to grow your brand. For restaurant owners, there’s little more satisfying than to have your brand both recognized and appreciated in your community. Yet that kind of success takes hard work and an extensive amount of management to get there. From hiring and managing employees to staying abreast of food shipments, expiration dates, important purchases, marketing, and regularly updated menu items, restaurant and coffee shop owners must constantly juggle a seemingly impossible number of important tasks. At the heart of all of these, however, is the struggle to mitigate the risks involved, making insurance a necessary part of doing business.

Three Common Risks Small Businesses Often Forget About

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It should come as no surprise that insurance is necessary to run a successful business. However, many businesses, especially smaller businesses and those just starting out aren’t getting proper coverage because of the cost.

That’s right, depending on your industry, and the risks that come with it, insurance may come with a big price tag. What many of these businesses are failing to realize is that while insurance may be pricey, it also will save you should something go terribly wrong within your business.

More often than not, business owners will put their business at risk, without even realizing it, because they are too optimistic to realize how at risk they really are. So, If you’ve found yourself saying, “yeah yeah, it’ll never happen to me” you better check yourself before you wreck your business.

To make your life easier, we’ve rounded up some of the most common mistakes small business owners make when it comes to assessing risk and getting the right insurance so that you won’t make the same mistakes.

CoverWallet Named One of the “Best Entrepreneurial Companies in America” by Entrepreneur Magazine

Entrepreneur

Awesome news: CoverWallet was named as one of the “Best Entrepreneurial Companies in America” by Entrepreneur Magazine! That’s right, we’re on this year’s Entrepreneur 360™ List.

Honorees were identified based on the results from a comprehensive study of independently-owned companies, using a proprietary algorithm and other advanced analytics. The algorithm was built on a balanced scorecard designed to measure four metrics reflecting major pillars of entrepreneurship — Innovation, Growth, Leadership and Impact.

Our team has spent tireless hours building an industry changing product and this award is proof that we’re on the right track. We’re so proud of what we have been able to create so far and are incredibly honored to be among the chosen honorees on this year’s Entrepreneur 360™ list.

There are many other companies that have made this year’s list, too. To check out it out head on over here.

 

 

Client Q+A With Homer Logistics

Client Q&A With Homer Logistics

It’s no secret that at CoverWallet, we love our clients. We work hard to make the experience of getting insurance as seamless as it can be. We wanted to share a story with you, with one of our less traditional clients, Homer Logistics.
So, we sat down with Marisa Smith the Director of Operations for the company, so we could tell their insurance story.

Read on to learn more about Homer Logistics and to read their insurance story.

Recap: A Big Week in Insurance

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Phew! Let’s talk about this week. In the last few days, we’ve seen a hurricane, a jewel heist and a conference focused on the future of insurance.

In case you missed it, we’ve summed up the most important moments in insurance this week right here for you. Let’s jump right in:

Hey, It’s Our Birthday

HeyIt's our birthday

 

Big news: It’s our first birthday! Of course, a birthday can mean a lot of different things to a lot of different companies, but at CoverWallet, we decided to celebrate our first birthday on the day we were incorporated.

Taking on a nimble approach, in the last year, we’ve been able to launch and build the first online insurance manager. From there, we’ve started partnering with some of the greatest minds in insurance, as well as consumers who need insurance, to build something that makes insurance work for everyone.