Bunker
Embedding Insurance into the Contracting Process for Independent Contractors, Freelancers, & Small Businesses.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor investor | €0.0 | round | |
$2.0m | Early VC | ||
| Total Funding | 000k | ||
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Founded in 2015 by Chad Nitschke and Dan Feidt, Bunker Protect, Inc. operates as a contract-related insurance marketplace, with offices in San Francisco and Madison, WI.
The company has developed a platform for instant business insurance and compliance aimed at independent workers, enterprises, and the gig economy. Bunker provides a centralized system that combines Smart Certificate of Insurance (COI) screening, compliance verification, and on-demand insurance products. This allows businesses to ensure that their contract and freelance workers have the necessary insurance coverage, streamlining the verification process.
The business model is centered on offering usage-based insurance policies tailored for small businesses and freelancers, addressing the specific needs of the growing gig economy. The platform serves both the independent workers who need to acquire insurance quickly and the enterprises that need to verify it efficiently. To date, the company has raised $18 million in funding over four rounds.
Keywords: Insurance compliance, on-demand insurance, gig economy, freelancers, business insurance, certificate of insurance, compliance verification, contract workers, usage-based insurance, insurtech