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As a florist, your passion for creating beautiful arrangements brings joy to your customers, whether for weddings, birthdays, or simply brightening someone’s day. But behind the artistry of floristry lies a business that, like any other, faces risks. One of the most effective ways to safeguard your floral shop from these risks is by having comprehensive business insurance. Property Protection Your shop is more than just a place where you create stunning floral designs; it’s also home to valuable assets like flowers, refrigeration equipment, display materials, and office supplies. From natural disasters like storms and floods to accidents like fires, property damage can happen when you least expect it. Business insurance ensures that if your shop suffers damage, the costs to repair or replace damaged assets are covered. This includes everything from your floral inventory to high-end refrigeration units that keep your flowers fresh. Protecting Against Legal Claims Running a florist shop involves direct interaction with customers, whether they’re visiting your store or receiving deliveries. If a customer slips and falls in your shop or trips over a delivery box, you could be held liable for their medical expenses and legal fees. Liability insurance covers such incidents, ensuring that you’re not financially burdened by customer injuries or accidents on your premises. Even if a lawsuit arises, insurance will cover your defense costs, helping you avoid a financial disaster. Workers’ Compensation Insurance: Protecting Your Employees If you have employees, workers’ compensation insurance is not only a smart choice, but it’s also often required by law. This insurance provides coverage if an employee is injured on the job—whether they’re lifting heavy floral arrangements, cutting stems, or handling deliveries. Workers' compensation covers medical expenses, lost wages, and rehabilitation costs for injured employees, as well as providing protection from potential lawsuits related to workplace injuries. Commercial Auto Insurance: Deliveries  As a flower shop owner, your delivery vans and service vehicles are essential for ensuring timely deliveries and customer satisfaction. However, accidents can occur, leading to costly vehicle repairs, medical bills, or even legal claims.  Commercial auto insurance protects your business by covering expenses related to vehicle damage, liability for injuries, and lawsuits, helping you keep your deliveries on schedule without disruptions. Covering Your Rainy Days Imagine this: a major storm causes significant damage to your floral shop, forcing you to close for repairs. Not only would you lose valuable business during the downtime, but you’d also face ongoing bills like rent, utilities, and payroll. Business interruption insurance steps in to cover lost income during periods when your shop is closed due to a covered event. This allows you to maintain your business operations or rebuild without falling behind financially. Tailoring Insurance to Your Needs Every florist’s business is unique, and so are the risks they face. Beyond standard coverage, there are specialized options that can be tailored to meet your specific needs: * Spoilage Coverage: Protects against the loss of perishable flowers and plants due to refrigeration breakdowns or power outages. * Equipment Break down: Covers the cost of repairing or replacing essential equipment, like floral coolers that malfunction. * Seasonal Increases in Inventory: During peak times like holidays or wedding season, you may carry more stock than usual. Some insurers offer policies that automatically increase your coverage during these periods. Conclusion: Protect Your Floral Business with Comprehensive Insurance While your focus as a florist is on creativity and service, the importance of protecting your business can’t be overstated. From property damage and customer injuries to accidental mishaps and employee injuries, there are numerous risks that could impact your ability to operate. The right business insurance not only provides financial protection but also peace of mind, allowing you to focus on what you do best—creating beautiful floral arrangements for your customers. Don’t wait until disaster strikes. Speak to an insurance professional today and ensure your florist business has the protection it needs to thrive, no matter what comes your way. By prioritizing business insurance, you’re investing in the long-term success and sustainability of your floral shop. Stay protected, stay prepared, and keep blooming! Need help finding the right insurance for your flower business? Get a quote here https://www.coverdash.com/quote.

We’re excited to announce Coverdash’s partnership with Celtic Bank, one of the top SBA lenders in the nation. Celtic Bank offers a full catalog of financial services for small businesses, from asset-based lending to expansions and acquisitions. Our embedded insurance capabilities provide Celtic Bank’s clients the necessary insurance solutions required for loan financing directly through Celtic Bank’s portal.  SBA loans are business loans partially backed by the US Small Business Administration, provided by participating lenders like Celtic Bank. These loans are generally attractive due to their affordability (capped interest rates) with more favorable terms like longer repayment periods and lower credit score requirements compared to other business loans. However, the long application process and strict lending requirements, including proper business insurance, sometimes prevents business owners from taking advantage of these loans.  The SBA requires specific business insurance coverage depending on the loan and type of business. While these requirements may vary, some common policies that the SBA may ask for include:  * Workers Compensation * General Liability  * Professional Liability  * Property Insurance  With Coverdash, fulfilling these insurance requirements becomes seamless. Users can instantly compare accurately tailored quotes from over 30 of the nation’s largest carriers, purchase the best policy to instantly fulfill coverage requirements, and improve SBA loan prospects without ever needing to leave Celtic Bank’s site. By abstracting the need to contact a broker or carrier with the ability to buy necessary insurance on the spot, Coverdash drastically reduces loan application times for users.  Coverdash has partnered with dozens of lenders and funding platforms that require business insurance to streamline the loan issuance process. Decreasing time to close by an average of 45% and as much as 65%, Coverdash’s embedded insurance solution has helped increase overall loan issuance by 10% to 15% for lending partners.  Our partnership with Celtic Bank simplifies the insurance process, accelerating loan issuance and getting businesses access to funds faster. If you’re interested in partnering with Coverdash, you can get into contact here: https://www.coverdash.com/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 About Celtic Bank Headquartered in Salt Lake City, Utah, Celtic Bank was named the 4th largest SBA lender in the nation for FY 2022. Celtic Bank is a nationwide lender and leading provider of USDA loans, SBA 7(a) and 504 loans, express loans, asset-based loans, commercial real estate loans, and commercial construction loans. For more information, visit Celtic Bank today at https://www.celticbank.com/ or call at (800) 509-6191.

We’re excited to announce our partnership with Rocket Lawyer to simplify business insurance solutions for Rocket Legal+ subscribers! Since 2008, Rocket Lawyer has helped over 35 million people and organizations obtain the legal help they need, at a price they can afford. Rocket Legal+ subscribers get unlimited access to personalized legal documents and online legal questions, plus half-off discounts on tax, business registration, trademark filing, and more.  Coverdash is excited to expand RL+ services, offering subscribers exclusive discounts on all lines of business insurance. Coverdash allows your business to instantly compare quotes from more than 30 of the country’s biggest commercial carriers to find tailored coverage at the best possible price.   An estimated 75% of SMBs in the United States are underinsured. Compounding the problem is the fact that 53% of small businesses face at least one litigation case annually. Coverdash and Rocket Lawyer are teaming up to make sure your business can get conveniently and adequately insured to protect against unforeseen legal risk, while saving you up to 30% on existing policies.  It’s stressful enough owning your own business. Coverdash and Rocket Lawyer make insurance simple. Check out the member benefits page on your Rocket Legal+ member dashboard to find out how much you can save with Coverdash.   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 About Rocket Lawyer Rocket Lawyer aims to make legal services accessible and affordable for small businesses and individuals. Since 2008, nearly 30 million people have used Rocket Lawyer to create and sign legal documents, receive affordable attorney advice, and incorporate their businesses with confidence. Rocket Lawyer empowers users to protect and enforce their rights easily and efficiently.

NEW YORK, August 28, 2024 –  We’re excited to announce that CB Insights has named Coverdash, to its third annual Insurtech 50, showcasing the 50 most promising private insurtech companies in the world. “The 2024 Insurtech 50 winners are high-momentum companies shaping the future of insurance today,” said Chris Sekerak, Senior Analyst at CB Insights. “From AI-powered products to commercial insurance innovation, these startups are realizing many of the industry's biggest opportunities.” At Coverdash, we are proud to be recognized as a leading innovator in the insurtech space, known for transforming how startups, small businesses, eCommerce merchants, and businesses of all shapes and sizes access and manage commercial insurance. Since our founding, we’ve grown rapidly, partnering with top global insurers and serving thousands of clients via embedded partnerships with the financial platforms our customers already use. In less than two years, Coverdash has forged over 100 embedded partnerships, expanding our partner’s product offering, solving their customers' insurance pain point, increasing their customers’ stickiness and lifetime value, and boosting their bottom line with an ancillary insurance revenue stream. As the only company on the list that specializes in embedded commercial insurance, we’ve positioned ourselves as a frontrunner in the digital transformation of the embedded insurtech space. On behalf of the whole team, we want to say thank you to our customers and partners, who have been crucial to our success and growth. Your trust and collaboration have been instrumental in helping us innovate and expand, allowing us to serve your businesses’ unique needs across various industries. We look forward to continuing this journey together and achieving even greater milestones in the future. "We are honored to be recognized by CB Insights as one of the top insurtech companies in the world. It’s a testament to the hard work and creativity of our team and our partners. We’re even prouder to be the only embedded commercial insurance company on the list, highlighting our unique position and value proposition within the market. 2024 has been a great year— we’re even more excited to see how much further we go in 2025." — Ralph Betesh, CEO of Coverdash. Thanks again to CB Insights for recognizing Coverdash, and stay tuned for more news and updates here! 

We're thrilled to announce that Walt Levengood has joined Coverdash as our newest advisor! Walt, an accomplished Fintech executive, brings over 20 years of experience to Coverdash with a proven track record of success in the small business ecosystem. Walt's impressive career, most recently spending the last 7 years as a senior executive at Nav, spans various leadership roles specializing in strategy and revenue growth while focusing on helping small business access the capital and solutions needed to grow their business. His wealth of knowledge and expertise navigating through various economic cycles will be instrumental as Coverdash continues to innovate and scale its offerings to meet the unique insurance needs of its SMB customers and partners. "We're excited to have Walt on board," said Ralph Betesh, CEO of Coverdash. "Walt's expertise in partnerships, embedded engagement, and go-to-market strategies will be instrumental in navigating our journey toward achieving true scalability in embedded fintech.” Walt's appointment comes at a time of rapid growth for Coverdash. In the past year, Coverdash has seen over 200% growth in its customer base, driven by embedded insurance partnerships. A fantastic 2023 allowed Coverdash to raise $13.5M for their Series A at the beginning of 2024, a year in which upwards momentum has only accelerated. "I'm excited to join Coverdash's advisory board. The team has developed a truly innovative solution in embedded fintech and insurance,” Walt commented. “I've been impressed by their vision and execution so far. I look forward to contributing my experience to help the company continue to scale." With Walt's guidance, Coverdash is more equipped than ever to tackle the challenges and opportunities in the dynamic world of insurtech. Stay tuned for more updates as we work together to make business insurance more accessible for our customers and partners.

Coverdash is excited to announce our partnership with Revenued, offering a fully embedded business insurance experience for their customers. Revenued provides SMB owners access to funding and spending limits that grow with your business. Their Flex Line and Business card simplifies the complexity of managing small business finances and empowers owners to succeed through their revenue-based financing. They help make SMBs financial systems run on autopilot, empowering businesses with more time to spend on what counts — running your business and growing revenue. Via Coverdash’s embedded technology, Revenued now offers all lines of business insurance, solving yet another pain point for their SMB customers. Coverdash streamlines the insurance process directly on Revenued’s platform, offering tailored coverage at industry leading prices from 30+ of the country’s largest commercial carriers. An estimated 75% of SMBs in the United States are underinsured. Coverdash and Revenued are teaming up to protect your business from unforeseen risks, increase your business’s creditworthiness, and provide peace of mind in increasingly uncertain market, while saving you up to 30% on existing policies.  It’s stressful enough owning your own business. Coverdash’s partnership with Revenued offers you the convenience of handling business insurance on the same platform you already manage the rest of your financial systems.  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 About Revenued Revenued leverages cutting-edge online technology and sophisticated underwriting to offer flexible terms and the fastest response times in the industry for small business owners. As leaders in financial technology, they provide users with the same powerful tools they use. Revenued's mission is to make financial systems responsive and automatic, giving business owners more time to focus on what truly matters — running and growing their business.

We’re excited to announce Coverdash’s partnership with Drata: the world’s most advanced security and compliance automation platform. Drata automates your compliance journey from start to audit-ready and provides continuous support from the security and compliance experts who built it. Through our embedded insurance capabilities, Coverdash enables Drata's client to source required cyber insurance and check off SOC-2 cyber security insurance requirements without leaving Drata’s portal. At Coverdash, we've analyzed data from all the cyber insurance policies we've written, and the results are clear: SOC-2 compliant companies are reaping substantial benefits, slashing their yearly cyber insurance spend by 15-20%. Moreover, the ability to even receive quotes from cyber insurance carriers can hinge on SOC-2 compliance. Failure to meet SOC-2 standards can lower your ability to get quotes from carriers by 15-25%. Currently, only 17% of SMBs in the US have cyber insurance, and even fewer are SOC-2 compliant. With cyberattacks on the rise, especially within the SMB community, the combination of cyber insurance and a SOC-2 certificate is the best way to avoid the disastrous consequences of a data breach. At Coverdash, we understand the importance of safeguarding your business while keeping costs manageable. Our embedded partnership with Drata combines the benefits of cyber insurance with SOC-2 compliance to help your business fight back against cyber crime and continue to prioritize what matters most. About Drata Drata is the world's most advanced security and compliance automation platform with the mission to build trust across the cloud. With Drata, thousands of companies streamline over 20 compliance frameworks—such as SOC 2, ISO 27001, GDPR, and more—through continuous, automated control monitoring and evidence collection, resulting in a strong security posture, lower costs, and less time spent preparing for annual audits. The company is backed by ICONIQ Growth, GGV Capital, Alkeon Capital, Salesforce Ventures, Cowboy Ventures, S Ventures, Leaders Fund, Okta Ventures, SVCI, SV Angel, Intuit Ventures, and many key industry leaders. For more information, visit drata.com. 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 partnering with Coverdash? Check out: https://www.coverdash.com/partner

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

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