Counterpart provides AI‑driven management and professional liability insurance for small businesses, delivering instant digital quotes, rapid underwriting, and continuous risk‑mitigation tools. The platform offers brokers a unified dashboard, API integrations, and automated claims handling to streamline quoting, binding, and servicing, while small businesses receive tailored coverage and proactive exposure reduction.
Funding
$16M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small businesses face increasingly complex liability risks—including directors‑officer claims, employment lawsuits, fiduciary disputes, and commercial crime—while traditional insurance processes are slow, opaque, and lack proactive risk mitigation. Brokers also struggle with fragmented tools, lengthy underwriting cycles, and limited data to serve these clients efficiently.
Solution
Counterpart delivers Agentic Insurance™—a technology‑enabled suite of management and professional liability products backed by A‑rated carriers. By combining AI‑driven underwriting, real‑time risk assessments, and automated claims handling, the platform provides instant digital quotes, rapid 90‑minute turnaround for submissions, and continuous risk‑mitigation guidance. Brokers access a unified dashboard, API integrations, and customizable programs that streamline quoting, binding, and servicing. Small businesses receive tailored coverage, policy‑specific risk‑mitigation tools (such as zeroHR), and ongoing expert support to reduce exposures and lower claim costs.
Target Audience
Primary customers are small‑business owners seeking comprehensive liability protection and risk‑mitigation tools, and insurance brokers who need fast, data‑driven solutions to quote, bind, and service these clients.
Features
- AI‑powered underwriting (Agentic Underwriting™) that generates bindable quotes in minutes and accelerates submission review 2‑5× faster than traditional carriers
- Digital application portal with instant quotes, single‑platform submission tracking, and seamless bind requests
- API and integration suite enabling brokers to embed quoting and binding workflows directly into their own systems
- Agentic Risk Mitigation™ tools, including data‑driven risk assessments, HR compliance resources, and policy‑specific preventive guidance
- Claims Management platform that closes claims ~50% faster using predictive models and automated expense handling
- Coverage across 300+ industries with flexible limits, retentions, and endorsements for D&O, EPLI, fiduciary, commercial crime, and professional liability
- Access to a knowledge center, co‑branded marketing assets, and broker training resources to enhance client acquisition