Covrzy is an insurance technology company that provides insurance solutions for businesses.

Covrzy

Re-inventing how Indian businesses buy and consume commercial insurance products. Our platform enables business owners to quickly compare and purchase insurance policies for their businesses. We are working closely with all the major insurers.

We are tackling India's underinsurance problem for SMEs by offering simple, affordable, and flexible business insurance solutions. Through a digital-first approach, Covrzy empowers SMEs with tailored insurance and claims support, democratizing insurance distribution in India. We aim to address critical needs for underserved SME business owners, the largest employers of the next half-billion!

For more information, visit https://www.covrzy.com/

With over one-third contribution to the Indian GDP, MSMEs form the backbone of the economy. However, in unexpected events of natural disasters or business interruption, MSMEs are highly vulnerable to financial crises and may easily fall short of working capital and operational costs as compared to large corporations.

Business insurance in these cases is just not an additional expense, but an essential protective measure. This ensures MSMEs are secured with business continuity and operational resilience against any unplanned adversity.

Yet, only 3 % of the 62 million business owners have SME insurance in India!

Such low penetration of insurance among MSMEs can be attributed to some of the following reasons:
·      Lack of awareness regarding the insurance benefits.
·      Perception that insurance is an “additional burden”.
·      Difficulty with claims settlement.
·      Inadequate access to business-specific insurance policies.

To resolve the low insurance adoption rates, it is imperative to have more awareness and personalized insurance solutions that align with the nature and operations of a business. 

At Covrzy, we aim to raise awareness about business insurance, empowering MSMEs to invest in affordable premiums and secure their future. This gives them financial security and allows them to focus on product innovation and business growth.

To know more about which insurance policies meet your business requirements, drop us a message here!


#businessinsurance #insurance

How do insurance companies determine the prices for premiums and coverage?

It’s simple: insurers conduct a comprehensive risk evaluation.

This risk assessment is an ongoing process to be on the lookout for any situational changes and accordingly adjust the coverage and pricing. Let's explore 5 key aspects of risk assessment and delve deeper into how insurers quote the premium and coverage. 

Have any questions about premium and coverage costs for your business insurance policies? Drop us a message here!

#businessinsurance #insurance

A glass plate might appear to be thick and with fine quality glass when utilized for window panes, doors, screens, and transparent walls. However, accidental damage or breakage is common when using glass, making protection essential! 

Here’s a quick brief on glass plate insurance for businesses ➡  

#businessinsurance #insurance

Introducing Sachin Bhusal, the newest addition to our team at Covrzy. Sachin brings extensive experience in innovative sales strategies and a passion for driving growth, all set to transform our sales approach. Welcome aboard Sachin, we are excited to have you join us! 🙌

With the changing dynamics in business operations and growth, the insurance plan for an organization is bound to evolve. Generally, insurance policies are subject to annual renewal. Here are 6 things companies should consider before renewing their existing insurance policy ➡ 

#businessinsurance #policyrenewal #startupinsurance #commercialinsurance

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