# Insureon Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/insureon-holdings

- Industry: Insurance
- Headquarters: Chicago, US
- Website: www.insureon.com
- Total disclosed funding: $31M
- Latest round: Series B (Oct 18, 2015)
- Investors on record: 2

## About

Insureon Holdings, LLC provides specialized online insurance solutions for small businesses, offering tailored coverage options to mitigate various operational risks across multiple industries.Founded in 2011 and headquartered in Chicago, US, Insureon Holdings, LLC specializes in offering business insurance solutions. The company was involved in two investment deals, with the most recent one occurring in March 2022 when Bold Penguin, Inc. and Hub International Limited acquired Insureon. The company’s latest funding round was a Series B, raising USD 31.00 mn led by Oak HC/FT Partners, bringing the total amount raised to USD 31.00 mn. The CEO is Dan Kazan, and the company was founded by Michael Cline and Patricia Kemp.Insureon offers a comprehensive suite of business insurance solutions tailored to small business owners across various industries. Their core product offerings include general liability insurance, professional liability insurance (errors and omissions), workers' compensation, business owners' policies (BOP), cyber liability insurance, and umbrella insurance. These products address common risks encountered by small businesses, such as bodily injury, customer property damage, and legal expenses. Insureon’s services operate through an online platform where business owners can access instant quotes from multiple A+ rated insurance carriers by completing a single application, serving micro and small businesses across the United States.Insureon operates primarily on a commission-based revenue model, earning commissions from insurance carriers when clients purchase policies through their platform. Clients engage with Insureon by filling out an online application to receive quotes from multiple insurers, simplifying the comparison of coverage options and pricing. Once a client selects a policy, Insureon’s sales producers assist in finalizing the terms to ensure coverage aligns with business needs, while the company emphasizes mobile accessibility and responsive customer service to enhance client engagement and retention.Looking ahead, Insureon plans to leverage its recent Series B funding to support expansion efforts and the introduction of new products. The acquisition by Bold Penguin, Inc. and Hub International Limited in March 2022 positions the company within the Specialty Program Group, which may facilitate entering new markets and enhancing product offerings. Specific details on upcoming product launches or targeted geographic regions for expansion have not been disclosed.

## Funding rounds

- Series B, Oct 18, 2015, $31M — Accretive, Oak HC/FT

## Investors

- Accretive (https://capitalatlas.ai/funds/accretive) — Series B
- Oak HC/FT (https://capitalatlas.ai/funds/oak-hc-ft) — Series B