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Embroker Inc., a digital insurance brokerage, said Thursday it has introduced an online platform offering commercial coverage to startup founders.
ONE by Embroker asks founders 14 questions and uses the data points provided to generate up to four quotes specific to the exact coverage they need.
Seven coverages are currently available via the platform with limits as follows: directors and officers liability, $5 million; tech errors and omissions and cyber package, $5 million; lawyers professional liability, $5 million; crime coverage, $3 million; employment practices liability, $2 million; fiduciary liability, $1 million; and monoline cyber and privacy liability, $2 million.
Coverage, which is available on both an admitted and non-admitted basis, is provided under policies devised by Embroker but is expected to expand to additional insurers. Embroker operates as a managing general agency and retains risk through its captive insurer.