CoverHound

Compare with Confidence. Purchase with Ease.

Distribution & Sales Established Acquired

Overview

CoverHound is a digital insurance marketplace for personal and commercial lines, serving consumers and small businesses across all 50 U.S. states. The platform enables users to compare quotes from multiple carriers and bind coverage online, covering auto, home, renters, business owners, general liability, professional liability, and cyber insurance. CoverHound also operates CyberPolicy.com, a dedicated marketplace for small business cyber insurance.

The platform combines a carrier-connected quoting engine with licensed insurance advisors, delivering both self-service and agent-assisted purchasing. Integrations with carriers such as Progressive, Chubb, Liberty Mutual, Nationwide, and Coalition enable real-time quoting and same-day coverage activation. CyberPolicy supports businesses with revenues up to USD 250M and covers an estimated 98% of small business types.

CoverHound was founded in 2010 and raised over USD 119M across multiple funding rounds, including a USD 58M Series D in 2019 led by Hiscox. The company was acquired by Brown & Brown, Inc. (NYSE: BRO) in November 2020 and now operates within their Retail segment. As of acquisition, the platform had facilitated over 300,000 policy sales and maintained a Net Promoter Score of 82.

Products & Services

Personal Insurance Platform

Online quote comparison and purchase platform for personal lines insurance.

Key Features

Real-time multi-carrier quote comparison
Online bind and same-day coverage activation
Insurance Checkup diagnostic tool for coverage gap analysis

Target Users: Individual consumers shopping for personal lines coverage

Business Insurance Platform

Multi-carrier comparison and purchase platform for small and mid-sized business insurance.

Key Features

Quotes across general liability, BOP, commercial auto, workers comp, professional liability, and D&O
Industry-specific coverage guides for small business types
State-by-state coverage overviews for all 50 states

Target Users: Small and medium-sized business owners

CyberPolicy

Specialized online marketplace for small business cyber insurance, launched in 2016.

Key Features

Comparison and purchase of cyber insurance policies in minutes
Coverage for businesses up to USD 250M in revenue
Bundled cybersecurity tools with qualifying policies
Cyber risk education and prevention planning resources

Target Users: Small and medium-sized businesses seeking cyber liability coverage

At a Glance

Founded: 2010
Headquarters: San Francisco, California
Employees: 51-200
Funding: Acquired

Category & Focus

Category: Distribution & Sales
Subcategories: Digital Insurance Marketplace Quote-to-Bind Cyber Insurance Distribution
Insurance Verticals: P&C Personal P&C Commercial Specialty/E&S
Target Customers: Consumers, Employers, Agents/Agencies