Legal Counsel, Cover Genius
$130-175k
+ Employee Stock Options
B2B insurance and warranty API
Job no longer available
B2B insurance and warranty API
501-1000 employees
Job no longer available
$130-175k
+ Employee Stock Options
501-1000 employees
Company mission
To protect all the customers of the world’s largest digital companies.
Role
Who you are
- 6+ years of experience with a JD
- Fully qualified lawyer in the United States
- Experience negotiating agency agreements with insurance underwriters and reviewing and approving insurance related content
- Proven establishment of effective relationships with business partners and peers to understand their business drivers and strategic priorities
- Sound business judgment and adaptability to manage multiple wide-ranging matters and conflicting deadlines
- A people person with excellent verbal and written communication skills
- Able to work in a fast paced workplace/company, complying with short internal SLAs
- Able to multitask and prioritize work
What the job involves
- As a Legal Counsel on our Legal team, you will support the company’s growing business and provide support as we scale
- As a team member of an innovative insurance intermediary involved in transactions across the globe, the Legal Counsel will work cross functionally with the insurance, marketing, compliance, and product teams to apply their expertise and practical advice
- To drive success in this role, you will be a fully qualified lawyer in the US. This is a remote friendly position, and can be based anywhere in the US
- Draft, review, and negotiate a wide range of complex commercial agreements, including agency agreements, insurance partnership agreements, reinsurance agreements, and non disclosure agreements that support and enable our global business operations
- Review and approve content relating to insurance policies, including advertising panels and press releases
- Provide product-related regulatory compliance support, including legal advice with respect to developments that could impact variable products
- Manage company litigation. Perform other duties as assigned by management
Our take
Insurance plans and warranties are staples of a successful digital company, but setting them up is challenging. Businesses must compare and write contracts with insurance providers which require the expensive assistance of legal and financial teams, Add to this the cost of web designers who can embed the service online, and insurance and warranties quickly become unaffordable to smaller businesses.
Cover Genius provides end-to-end APIs called XCover and XClaim for embedding insurance and warranty plans onto online stores, preventing the business from having to compare, arrange and deploy insurance plans themselves. The company's policies are for any business, can be translated into over 40 languages, and are designed to be read easily without unnecessary jargon.
Whilst other insurtech companies offer similar services to Cover Genius, the company has uniquely focused on ensuring its plans are easily readable, translatable, and dynamically priced based on personal requirements. Although the company initially aimed to facilitate insurance and warranty plans for smaller businesses, it also partners with large enterprises such as Ryanair, Amazon, and eBay. In 2024 it secured impressive Series E funding off the back of a year where it achieved 107% year-on-year growth.
Steph
Company Specialist at Welcome to the Jungle
Insights
30% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
May 2024
$80m
SERIES E
Nov 2022
$70m
SERIES D
Total funding: $241.8m
Company benefits
- Flexible Working Conditions
- Employee Stock Options
- Ongoing Learning
- Paid Parental Leave
- Wellness Initiatives
- When From Home When You Want
- Peer Bonuses and Founder Awards Program
- International Working Opportunities
- GC Gives giveback program, led by the team
Company HQ
Midtown South, New York, NY
Leadership
Angus McDonald
(CEO)They were the General Manager of Emerge Digital. Formerly the VP of International Business Development for iClick Interactive Asia Limited.
Chris Bayley
(CIO)They were the former Business Development Manager for Google. Previously an Investor and Executive Director of Software.com from 2009 to 2019.
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