CoverWallet, a small business insurance startup, recently expanded its presence in the U.S. with a new office in Rochester.
This expansion comes as CoverWallet surpassed 800 percent 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.
“We’re thrilled to be a part of the Rochester business community,” said Inaki Berenguer, CEO and co-founder of CoverWallet. “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.”
“CoverWallet is on an explosive growth pattern and poised for future success across the country and around the world,” said Bob Duffy, president and CEO of Greater Rochester Chamber of Commerce. “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, chief operating officer at CoverWallet. “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 has offices in New York City, Rochester and Madrid. Visit coverwallet.com for information.