INSUBCONTINENT EXCLUSIVE:
The insurance industry, sleepy and ancient, is ripe for disruption
Today, an insurtech company focused on small business insurance has raised $18 million to keep growing.Meet Huckleberry, whose Series A was
led by Tribe Capital, with participation from Amaranthine, Crosslink Capital and Uncork Capital.Huckleberry launched in 2017 to offer
not like car insurance or renters insurance
incredibly tedious and stressful process
own small business coverage for a previous startup idea.The industry itself is incredibly fragmented, which is caused in part by the fact
that small business coverage underwriting varies wildly from business to business
For example, the policy for three or four restaurants might look relatively similar
where workers might be more eager to get back to work and take home their tip money
These differences come in the form of location, operations and many other factors, as well as business vertical.Huckleberry has worked to
build out myriad coverage verticals, including food and beverage, fitness, retail, legal, healthcare, hair and beauty and more.The firm
Customers also can purchase add-ons like hired and non-owned auto insurance, employment practices liability insurance (EPLI), liquor
liability insurance, employee dishonesty coverage, professional liability insurance, equipment breakdown coverage and spoilage
The regulatory landscape of insurance in the U.S
