Bluevine bolsters insurance offering with Coalition


Bluevine, a provider of holistic banking solutions designed for small businesses, has expanded its insurance partnerships to provide small businesses with tailored insurance solutions.

Bluevine has expanded its small business insurance offerings to include Active Cyber Insurance offered by Coalition, in addition to its existing small business insurance provider, NEXT Insurance.

The company said with the addition of Coalition’s cyber insurance offerings, it is providing the small business community seamless access to explore insurance providers right from their account dashboard.

Available now, Bluevine Business Checking customers can research a broad set of insurance products and complete the steps to receive a customized insurance quote from our partners.

According to Bluevine, finding the right business insurance provider remains a confusing and significant pain point for small business owners looking for reliable coverage from a trusted source.

Often, small business owners rely on recommendations from the small business community to determine their insurance needs, but this can leave them with ill-fitting policies that don’t address the specific needs of their small business.

The company added that as many as 75% of small businesses in the US are underinsured, and 40% do not have any insurance, pointing to an acute need for insurance solutions designed with this community in mind.

Eyal Lifshitz, CEO and co-founder of Bluevine, said, ?After the initial success of our small business insurance partnership with NEXT last year, we took a closer look at the gaps our customers might still have with their insurance policies and worked to close them.

?By partnering with Coalition and NEXT, Bluevine is serving the broader small business community by providing in-dashboard access to trusted insurance companies that support the small business community on their journey to grow and scale.p>

Earlier this year, InsurTech NEXT Insurance teamed up with provider of third-party insurance verification services Evident, to provide NEXT tailored insurance solutions to the small businesses that Evident verifies.

Copyright ? 2022 FinTech Global

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