Aon insurtech CoverWallet launches new digital cover for VC-backed start-ups

Re/insurance broker Aon and insurtech CoverWallet have unveiled a new digital insurance product for venture capital-backed start-ups.

Aon completed its acquisition of CoverWallet earlier this year to expand its position in the fast-growing commercial insurance market for small and medium-sized businesses.

The new management liability package includes directors & officers insurance (D&O), employment practices liability (EPL), and fiduciary coverage.

The product is designed for companies from Seed through Series C and adds to the insurance policies already available through CoverStartups, a platform for high-growth companies.

“After launching CoverStartups two years ago, we saw the need for a better insurance experience and product for high-growth startups when it came to management liability, and especially D&O coverage,” said Inaki Berenguer, CEO and co-founder of CoverWallet. “By continuing to take a customer-centric approach and harnessing new datasets, CoverWallet is able to deliver startups a faster, simpler and more convenient experience for buying and managing insurance.”