CoverWallet Accelerates Growth with New Office in Rochester

CoverWallet, the leading small business insurance startup, announced that it has expanded its presence in the United States with a new office in Rochester. This expansion comes as CoverWallet surpassed 800% revenue growth in 2017, added more than 40 new jobs to the Rochester area in the last five months, and in February announced a strategic partnership with Zurich to grow its presence in Europe.

The new space increases the footprint and supports the company’s growth strategy in leveraging the area’s diverse insurance and high-technology talent pool. The office will allow CoverWallet to double its workforce in the U.S. as the insurtech company continues with its mission of protecting millions of small businesses, helping them understand, purchase, and manage commercial insurance products, all online.

CoverWallet CEO and Co-founder Inaki Berenguer said, “We’re thrilled to be a part of the Rochester business community. The Rochester talent pool allowed us to staff quickly, hit the ground running, and further our mission to bring the analog insurance industry into the digital world. The industry inefficiencies have long forced small businesses to choose between quality and personalization of services, but no longer! We’re democratizing access to the best insurance products for all SMBs.”

Greater Rochester Chamber of Commerce President and CEO Bob Duffy said, “CoverWallet is on an explosive growth pattern and poised for future success across the country and around the world. The company is indicative of emerging, high-tech businesses that are permeating our economy. We are pleased to see CoverWallet open a Rochester office and provide great jobs for our region’s talented pool of workers. Rochester Chamber stands ready to help this new member in any way we can.”

"Rochester has been a great place for us to set up shop," said Paul Rosen, COO at CoverWallet and Rochester native. "There is a wealth of talent in the area, and we have been fortunate to attract hard working and high achieving team members. We are planning to add over 100 jobs in the area within the next two years and are thrilled about growth opportunities in Rochester.”

CoverWallet is actively hiring, and currently has offices in New York City (global HQ), Rochester, and Madrid (European HQ).

About CoverWallet

Launched in early 2016, CoverWallet combines deep analytics, thoughtful design and state of the art technology to help small businesses with all their insurance needs. CoverWallet delivers a seamless user experience while offering savings, customized coverage and best-in-class service to their customers. In a matter of minutes, any business can get peace of mind, buying and managing their insurance, all through CoverWallet's online platform. Stay in touch at www.coverwallet.com, @coverwallet or facebook.com/coverwallet