PriyaPatel
TLDR:
- Embroker, a US digital insurance company, launches real estate insurance program.
- The program offers professional liability, cyber, business owners’, and workers’ compensation coverage.
In May 2024, Embroker conducted a survey with more than 150 real estate leaders, agents, and auditors to identify unique risks and challenges faced by professionals in the industry. The survey revealed that the real estate industry is under pressure, with frequent critical errors leading to financial losses. More than half of the professionals surveyed rely heavily on their mobile phones, leading to mistakes and financial losses in nearly half of the respondents’ companies.
Embroker’s real estate insurance program addresses the need for tailored professional liability coverage, cybersecurity threats, and business owners’ policy covering essential risks. The company’s approach aims to provide peace of mind and worry-free operations for real estate professionals by offering coverage built for their specific needs. With the expansion of its offerings, Embroker plans to provide solutions for other underserved industries.
In June 2021, Embroker raised $100m in a Series C funding round led by FTV Capital.
