RENO, Nev.--(BUSINESS WIRE)--Talage®—a fully automated software platform that helps small business owners compare and instantly purchase an increasing range of commercial insurance policies—today announced that their operation has secured investment from key partners and will now offer expanded services to a network of small businesses and providers across the country.
Described by the company’s founders as an “insurance agency the way it should have always been” and favorably compared to price-comparison-and-shopping services like Expedia and Kayak—but for insurance—Talage has earned praise for reducing costs, extending convenience and cutting proverbial red tape for small businesses with limited time but significant need for coverage.
Founded in 2015 by Adam Kiefer, Matt Donovan and Zachary Draper, Talage has quickly made a name for itself among insurance carriers, business owners and investment firms alike. The software company has partnered with eight carriers (including Chubb, Employers, Travelers and Markel)—earning the attention of fintech and venture capital firms including lead investor Merus Capital, as well as Acceleprise, Battle Born Ventures and Western Technology Investment (WTI).
“Talage is great to work with, and has exceeded expectations with our small business lead generation programs thanks to their technology, workflow and customer experience,” said Chris Champlin, Director of Alternative Distribution at Employers Insurance. “We are excited about their vision for the future and how easy they are making it for small business owners to purchase workers’ compensation insurance.”
Meaningfully differentiating Talage from its competitors is the software platform’s seamless path to purchase for insurance policies that range from property and liability insurance to workers’ compensation. If business owners want to compare and purchase a policy that’s right for them, they can confidently do so using Talage—extending a line of convenience that saves companies time and money.
"Talage is excited to announce our seed round as it gives us the opportunity to bring our digital marketplace to small businesses across the country,” Kiefer said. “Through our partnerships with top-rated insurance carriers, Talage meets the demands of a smarter business owner looking for not only speed and convenience, but transparency through choice."
The company’s growing portfolio of insurer partnerships, licenses to operate in 44 states with expansion to 50 imminent, and investment from venture capitalist and accelerators whose portfolios include highly successful fintech and B2B solutions like Symphony Communication, Womply, and Natero signal confidence in Talage’s expanding software offering and potential value to a market in need of significant reform.
Talage is the digital marketplace for small business insurance. Talage connects business owners directly to insurance carriers, allowing them to save time and money when purchasing workers’ comp, liability and property coverage. Today Talage has partnered with eight AM Best A Rated insurance carriers including Chubb, Markel, Travelers, Employers, CNA, ICW, Acuity and Atlas General. Talage is backed by Merus Capital, Acceleprise, Battle Born Ventures and Western Technology Investment.