Verifly offers hourly and short-term business insurance for gig economy workers through mobile apps and a website, issuing certificates of insurance in minutes. The company began in 2016 as an insurance provider for drone pilots and has expanded coverage to photographers, DJs, handymen, and other part-time service providers. Policies start at $5 per hour for $1 million in coverage and can be purchased for durations from one hour up to one month, with per-hour pricing that falls for longer policies or extensions. Prices are adjusted by risk territory (using ZIP code) and by the type of work, coverage limits, and additional terms; the underwriting carrier named in the article is Markel. Verifly does not require an annual contract or commitment and distributes policies via iOS, Android, and web apps.

Total raised

$7M

Funding rounds

1

Latest round

Equity

Latest activity

May 2018