Cover Whale
Commercial truck insurance provider
- 101-200 employees
- B2B
- Logistics
- Insurance
- Freight
- Financial District, New York, NY
Jump to section
Company mission
To use technology to make the world safer.
Our take
Every commercial trucker requires insurance before they can start working, and this can get expensive for businesses that manage large-scale trucking fleets. Despite this insurance spend, commercial trucking fleets still cost businesses enormous amounts of money in road accidents, presenting significant room for improvement in insurance coverage plans.
Cover Whale provides insurance coverage for commercial trucking fleets, leveraging technology to collect hundreds of data points to help identify risks and reduce costs. Whilst the company faces intense competition from other insurance companies, Cover Whale's technology-first approach gives it an edge in providing faster quotes at lower rates compared to its rivals. So far it has driven more than $400 million in premiums through its insurance platform.
Cover Whale currently provides coverage throughout nearly all of the continental United States, with near-term plans to extend into the remaining territories. And with recent funding secured, its well on its way to doing so.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Healthcare Flexible Spending Accounts
- Matching 401k Plan
- Affordable & Comprehensive Medical, Dental & Vision Plans
- Own a Piece of Our Future: At Cover Whale, we believe every employee should be an owner. That's why we offer equity compensation to our team members through our Employee Equity Program. When you join us, you're not just taking a job—you're investing in our shared success
- Hybrid Work Model
- Generous Parental Leave and Support: Paid parental/child bonding and preparation leave with additional support services for all parents
Funding (2 rounds)
May 2024
$13.8m
EARLY VC
Oct 2021
$15.5m
SEED
Total funding: $29.3m
Leadership
Daniel Abrahamsen
(Co-Founder & CEO)Experience working as Project Manager for Allied World from 2015 to 2019. Partner of UnderwritingCloud since 2013.