CoverageShield provides independent risk intelligence for small and medium‑size businesses, giving them the same coverage analysis tools used by Fortune 500 firms. Users upload their insurance policies, and AI agents extract and consolidate coverage details within seconds, highlighting blind spots across policies, contracts, claims, and vendors. The platform’s Risk Command Center continuously updates the data, helping owners proactively manage under‑insurance and compliance risks.
Funding
Funding not disclosed
Founders
Product
Problem
Small and midsize business owners often lack visibility into the actual coverage provided by their insurance policies, leading to undetected gaps that can result in denied claims, financial loss, or business failure. Traditional broker reviews are infrequent and may miss changes in contracts or industry requirements that create new exposures.
Solution
CoverageShield offers an independent, AI‑driven risk intelligence platform that extracts coverage details from uploaded policy PDFs or photos in under a minute. The system automatically compares the extracted data against a database of 2,200+ industry‑specific coverage requirements, contracts, and claim scenarios to identify blind spots. Users receive a visual Risk Command Center that consolidates policies, contracts, claims, and vendor information, along with a Risk Score, plain‑English cheat sheets, and actionable recommendations. Continuous AI agents monitor the data 24/7, alerting owners to emerging gaps and providing one‑click broker letters to remediate deficiencies, enabling proactive, year‑round coverage verification.
Target Audience
Primary customers are owners and risk managers of small to midsize businesses across sectors such as construction, hospitality, logistics, manufacturing, and professional services who need continuous verification that their insurance aligns with contracts and industry standards.
Features
- AI-powered OCR that reads entire policy documents (PDF or photo) and extracts coverage terms in under 60 seconds
- Automated gap analysis against a proprietary database of 2,200+ industry, state, and contract-specific coverage requirements
- Unified Risk Command Center dashboard displaying policies, contracts, claims, and vendor risk in a single view
- Real‑time risk scoring with plain‑English explanations of each identified gap and estimated exposure cost
- Automated alerts and 24/7 AI agents that monitor policy changes, expirations, and new contract obligations
- One‑click generation of broker letters containing precise coverage language to close identified gaps
- Encryption of data in transit and at rest with row‑level security, ensuring confidentiality and no third‑party data sharing