billy

Billy offers a SaaS platform from which construction industry stakeholders can purchase insurance policies, identify gaps in coverage, save on insurance costs, and manage all this from a single hub. This is a smart move: included in Billy’s addressable market are also companies with existing insurance, looking for a platform from which to manage it more efficiently. With digital transformation lagging in the construction industry, this management platform could prove a unique bonus.

It also helps set Billy apart from startup rivals in the space. Shepherd is one, offering a simpler insurance marketplace focusing on excess liability coverage and underwriting. Both are receiving healthy funding, indicating strong market confidence in the prospect of construction insurtech. With strong industry expertise, a unique product, and huge enterprise customers to play for, Billy’s prospects look good.