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Welcome to the Coverdash insurance blog. Here you’ll find valuable articles tailored to your business needs, so you can be ready in a dash for whatever comes next.

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We're Thrilled to Welcome Mike Downey as VP of Account Management

Coverdash is growing - and we just made one of our most important hires yet. Mike Downey joins us as Vice President of Account Management, and he's here to build the renewal and growth engine that takes Coverdash to the next level. If you've spent any time in the insurtech space, there's a good chance you've already crossed paths with Mike - and if you have, you know exactly why we're pumped. What He's Here to Do The mandate is clear: stand up a world-class account management function from the ground up. That means hiring the right people, building the processes that scale, and making sure every client interaction drives real value. It's the kind of work that quietly makes everything else possible - and it's what Coverdash needs right now. Why We're Confident Mike spent the last four and a half years at Vouch Insurance, where he built the company’s renewal operations from the ground up, developing client playbooks, segmenting the book to deliver the right level of service and coverage guidance to each client, moving the business up-market, and establishing the team structures that powered Vouch’s account management engine. He has built this kind of system before, and he’s here to do it again. Why Coverdash “What Ralph and Avery have built is unlike anything I’ve seen in the insurtech space. A broker and platform that can serve any industry, from SMB to enterprise, and the opportunity to build the success arm of that growth engine is incredibly exciting!” That kind of conviction matters. We wanted someone who sees what we see in this company, and Mike gets it. We're building something special, and with Mike leading account management, we're more confident than ever in what's ahead. If you're in commercial insurance and the idea of building from the ground up sounds like your kind of challenge - Mike wants to hear from you. We're hiring. ABOUT COVERDASH Founded in 2022, Coverdash is a fully-digital business insurance agency committed to transforming the business insurance process for startups and small businesses. Coverdash's revolutionary embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. Coverdash serves all startups and SMBs from pre-formation all the way to Series D+. The company is headquartered in New York and is a licensed insurance agency across all 50 states. Interested in joining the Coverdash team? Check out our job listings here: https://www.coverdash.com/careers Want to get in touch? Reach out to People.team@coverdash.com
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Coverdash Partners With LendingTree to Launch its First-Ever Insurance Offering for Startups and SMBs

NEW YORK – Coverdash, the fastest growing startup and SMB-focused insurtech broker, and LendingTree, the nation’s leading online financial marketplace, today announced a partnership to provide LendingTree customers with access to business insurance for the very first time. This strategic collaboration expands LendingTree’s suite of financial products for small to medium-sized businesses (SMBs), providing them with an efficient and streamlined way to obtain business insurance and fulfill financial requirements. Coverdash’s fully embedded insurance offering provides business insurance to LendingTree customers without ever having to leave the platform. This partnership marks an important step in LendingTree’s evolution by expanding its services for small businesses beyond loans and financial products to now include comprehensive insurance solutions. A study by the Federal Reserve Bank found that businesses that demonstrated lower risk profiles – which includes carrying insurance – were 25% more likely to be approved for loans compared to higher-risk businesses. By integrating Coverdash’s business insurance offering, LendingTree not only enhances its own platform but also empowers small businesses to reduce their risk profile, increasing their chances of securing a loan and supporting their long-term growth. “LendingTree’s legacy in financial services is unmatched, and we’re incredibly proud to have our embedded experience power their expansion into business insurance,” said Ralph Betesh, Co-Founder and CEO of Coverdash. “Meeting financial requirements while starting a business is complex – our partnership lets business owners easily access trusted resources in one place at every stage of their company’s life cycle.” The integration removes traditional barriers to acquiring business insurance and simplifies the process for business owners, helping them manage risk and protect their operations. Coverdash’s embedded technology enables SMBs to access instant quotes from the nation’s most recognized carriers, allowing them to compare and purchase policies that meet their specific needs. These coverage options include General Liability, Workers' Compensation, Business Owners Policy, Cyber Insurance and more. Coverdash empowers partners like LendingTree to increase customer engagement, boost revenue, and reduce customer acquisition costs by offering business insurance as an additional product. “We’ve always played an integral role in helping small businesses get off the ground with our loans and financing programs, so offering business insurance was the natural next step,” said Jenn Ash, General Manager, Small Business & Student Loans at LendingTree. “This partnership with Coverdash deepens our commitment to supporting our customers' growth, reinforcing our position as their trusted, long-term partner for all of their financial services needs." Coverdash and LendingTree are on a dedicated mission to help small and medium-sized businesses succeed by simplifying financial solutions. Together, they are not only providing an innovative and frictionless experience for securing essential coverage but also empowering small business owners to focus on what they do best – growing their businesses with confidence. About Coverdash Founded in 2022, Coverdash is a fully-digital business insurance agency committed to transforming the business insurance process for startups and small businesses. Coverdash's revolutionary embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. Coverdash serves SMBs and startups from concept all the way to Series D+. The company is headquartered in New York and is a licensed insurance agency across all 50 states. For more information, visit www.coverdash.com. About LendingTree LendingTree (NASDAQ: TREE) is one of the nation's largest and most experienced online financial platforms, created to empower consumers and businesses alike to win financially. LendingTree provides customers with access to a broad range of financial products—including loans, credit cards, insurance, and more—through its network of over 600 financial partners. Since its founding, LendingTree has helped over 120 million customers obtain financing, save money, and improve their financial health. For more information, visit www.lendingtree.com. MEDIA CONTACT Bianca Roses: bianca@rosespr.com
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Coverdash – Leading Embedded Business Insurance Agency For Startups and SMBs – Announces $13.5M in Series A Funding

B2B insurtech reveals negative CAC and >30% MoM growth, showcasing aggressive path toward profitability NEW YORK – Coverdash, the fastest growing startup and SMB focused-insurtech, today announced $13.5M in Series A funding. This financing comes within one calendar year of Coverdash’s oversubscribed Seed round, bringing the company’s total funding to $16M to date. The Series A round was led by Nyca Partners, joining existing investors including Bling Capital, AXIS Digital Ventures, Tokio Marine Future Fund, Expansion VC, Cameron Ventures and others. The latest financing will be used to further expand Coverdash’s embedded partner network, grow its internal team and broaden its insurance carrier panel. Founded in 2022, Coverdash offers a full suite of commercial insurance products for all startups and SMBs across the U.S., allowing them to purchase business insurance within seconds from the places they trust most. Coverdash's embedded technology enables partners from any industry to easily offer insurance to existing customers with a single line of code. The technology packages the necessary operational, compliance and financial elements to allow partners to deliver highly configurable insurance solutions within their own front-end environments. Within its first year of operations, Coverdash has surpassed its competitors by securing over 100 embedded distribution partnerships. A staggering 75% of businesses in the U.S. are severely underinsured and 43% of small businesses are completely uninsured, exposing them to financial and legal risks. Coverdash is stepping in to better serve startups and SMBs in a landscape where major insurance providers have de-emphasized the importance of coverage for these businesses. Coverdash’s primary products are general liability, business owners policy, workers compensation, directors and officers liability, cyber insurance and professional liability. As the leading embedded insurance agency, Coverdash has the largest panel of trusted insurance carrier relationships, enabling customers to save 30-40% on business insurance costs. “We’re not just making insurance accessible and straightforward for business owners nationwide, we’re acting as their virtual risk management arm,” said Ralph Betesh, Co-Founder and CEO of Coverdash. “Coverdash goes beyond coverage – we offer startups and SMBs the support they need, especially in today's challenging landscape when navigating the complexities of insurance has never been more vital. Coverdash is dedicated to empowering both our partners and our customers with these capabilities." Coverdash’s growing embedded partner network includes various providers who serve or transact with businesses including leading payroll providers, POS providers, banks, lenders and vertical SaaS platforms. By integrating Coverdash's single line of code, these partners can swiftly offer business insurance through their own platforms to their existing customers within 24-48 hours. Moreover, Coverdash leverages its proprietary embedded playbook to enhance in-platform user engagement by mapping company milestones with insurance purchase triggers. This ensures that embedded partners can continuously support their customers' evolving businesses by offering the right insurance product exactly when it's needed, thereby eliminating any gaps in coverage. Alongside helping partners create ancillary revenue, Coverdash also boosts customer retention rates, thereby increasing partners' overall customer lifetime value (LTV) by offering insurance as a supplementary product. "Coverdash's embedded model drives best-in-class unit economics, rejecting reliance on paid acquisition strategies, creating tremendous organic growth and momentum," said Stephanie Khoo, Partner at Nyca. "Giving SMB service providers – payroll, payments, lending, website creation, HR, etc – the ability to offer their customers seamless access to business insurance allows them to deepen their client relationships while adding a heretofore untapped revenue stream." While Coverdash digitizes the insurance process, it is not just a digital sales funnel. The company retains the human touch with real agents actively involved in the service offering, ensuring a personalized, white-glove experience. By combining innovation, industry expertise and a commitment to transparency, Coverdash is poised to become the go-to insurance agency for startups and SMBs (from pre-formation all the way to Series D+). ABOUT COVERDASH Founded in 2022, Coverdash is a fully-digital business insurance agency committed to transforming the business insurance process for startups and small businesses. Coverdash's revolutionary embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. Coverdash serves all startups and SMBs from pre-formation all the way to Series D+. The company is headquartered in New York and is a licensed insurance agency across all 50 states. Interested in joining the Coverdash team? Check out our job listings here: * Chief of Staff * Commercial Insurance Account Executive * Commercial Insurance Account Manager * Head of Partnerships * Senior Partnerships Manager
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Coverdash Achieves SOC 2, Demonstrating Commitment to Data Security

Coverdash, the leading embedded insurtech specializing in business insurance, is thrilled to announce its SOC 2 certification. This certification underscores Coverdash's unwavering commitment to maintaining the highest standards of data security and highlights our dedication to providing secure insurance solutions to our customers. What is SOC Certification? SOC 2 certification demonstrates Coverdash's ability to protect sensitive customer information and maintain rigorous controls. The audit evaluates the suitability of our controls and adherence to operating effectiveness. Widely recognized as standard for data security, this significant milestone assures that customer data is securely handled. Coverdash's core mission is to simplify the process of buying and managing business insurance for a slew of customers, including e-commerce merchants, gig workers, startups, and business owners across all industries. We offer a comprehensive suite of commercial insurance products, including liability, property, workers' compensation, and cyber insurance. The SOC 2 certification is a foundational qualification that underscores Coverdash's devotion to data security and our commitment to the highest standard of service. "Obtaining SOC 2 certification is a major milestone for Coverdash," said Avery Rubin, CTO of Coverdash. "It validates our dedication to prioritizing the security and privacy of our customers' data. By meeting these rigorous data security standards, we can provide a reliable and secure insurance platform for businesses of all sizes. We are proud of this achievement and will continue to enhance our services to meet the evolving needs of our clients." Coverdash's achievement of SOC 2 certification showcases our dedication to excellence and the importance we place on safeguarding customer data. As we continue to grow and expand our offerings, customers can rest assured that their insurance needs are in the hands of a trusted and secure partner. About Coverdash Coverdash is a fully digital business insurance agency that specializes in serving the insurance needs of businesses of all shapes and sizes. Coverdash's embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. Coverdash is headquartered in New York and is a licensed insurance agency across all 50 states. Interested in partnering with Coverdash? Check out: https://www.coverdash.com/partner
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Summary

Coverdash has appointed Mike Downey as VP of Account Management to build out its renewal and growth engine, leveraging his experience from Vouch Insurance. The company also announced a partnership with LendingTree to offer business insurance to their customers and has secured $13.5M in Series A funding. Coverdash's commitment to data security is further validated by its recent SOC 2 certification.

Key Facts

Frequently Asked Questions

Who has Coverdash hired as VP of Account Management?

Coverdash has hired Mike Downey as its new Vice President of Account Management.

What is Mike Downey's primary responsibility at Coverdash?

Mike Downey's mandate is to stand up a world-class account management function from the ground up, including hiring the right people, building scalable processes, and ensuring every client interaction drives real value.

What experience does Mike Downey bring to Coverdash?

Mike Downey spent four and a half years at Vouch Insurance, where he built the company’s renewal operations from the ground up, developed client playbooks, segmented the book for service delivery, moved the business up-market, and established team structures for account management.

What is Coverdash?

Coverdash is a fully-digital business insurance agency founded in 2022, committed to transforming the business insurance process for startups and small businesses. Its technology enables any partner to host an end-to-end insurance experience with a single line of code.

What is the Coverdash partnership with LendingTree?

Coverdash partnered with LendingTree to provide LendingTree customers with access to business insurance for the first time, expanding LendingTree’s suite of financial products for small to medium-sized businesses.

What is Coverdash's Series A funding amount?

Coverdash announced $13.5M in Series A funding, bringing the company's total funding to $16M to date.

What does Coverdash's SOC 2 certification signify?

Coverdash's SOC 2 certification demonstrates its ability to protect sensitive customer information and maintain rigorous controls, assuring that customer data is securely handled.

Related Entities

People
Mike Downey, Ralph Betesh, Avery Rubin, Jenn Ash, Stephanie Khoo, Bianca Roses
Companies
Coverdash, Vouch Insurance, LendingTree, Nyca Partners, Bling Capital, AXIS Digital Ventures, Tokio Marine Future Fund, Expansion VC, Cameron Ventures
Products
Business Insurance, General Liability, Workers' Compensation, Business Owners Policy, Cyber Insurance, Professional Liability, Directors and Officers Liability
Locations
New York, United States
Technologies
Embedded Technology, SOC 2