CoverWallet is an online commercial insurance platform that aims to make insurance easy for small businesses. The company takes a digital-first approach to commercial insurance to help business owners understand their risks.
CoverWallet, based in New York City and co-founded in 2015 by Inaki Berenguer and Rashmi Melgiri, is backed by venture capital firms including Foundation Capital, Union Square Ventures, Index Ventures, and Two Sigma Ventures and has raised more than $30 million. Starr Cos, an insurance and investment firm run by Maurice R. Greenberg, acquired a minority stake in CoverWallet in July 2017.
In February 2018, CoverWallet launched internationally in Europe through a partnership with Zurich Insurance Group, and Spain was the first country to gain access to the platform. In June 2018, Zurich Insurance Group invested in the company. 
CoverWallet launched a B2B platform for agents and carriers in May 2018 to provide real-time quoting, underwriting, binding and billing, and The Hanover was the first to use the platform.
In 2018, CoverWallet was named to CNBC's Upstart 100, a list that recognizes the most promising young startups around the world, and it was also recognized as Startup of the Year in 2018 in the Business Services Industry by the Stevie Awards. In 2017, CoverWallet was listed on the global FinTech 100 by KPMG, In 2016, it was recognized by Entrepreneur on its annual Entrepreneur 360 list that highlights the most entrepreneurial companies in the U.S.
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