New York, NY (Dec. 5, 2024) \u2013 Coverdash, the fastest growing startup and SMB-focused insurtech broker, and LendingTree, the nation\u2019s leading online financial marketplace, are pleased to announce a partnership to provide LendingTree customers with access to business insurance for the very first time. This strategic collaboration expands LendingTree\u2019s suite of financial products for small to medium-sized businesses (SMBs), providing them with an efficient and streamlined way to obtain business insurance and fulfill financial requirements. Coverdash\u2019s fully embedded insurance offering provides business insurance to LendingTree customers without ever having to leave the platform.<\/p>\n
This partnership marks an important step in LendingTree\u2019s evolution by expanding its services for small businesses beyond loans and financial products to now include comprehensive insurance solutions. A study by the Federal Reserve Bank found that businesses that demonstrated lower risk profiles \u2013 which includes carrying insurance \u2013 were 25% more likely to be approved for loans compared to higher-risk businesses. By integrating Coverdash\u2019s business insurance offering, LendingTree not only enhances its own platform but also empowers small businesses to reduce their risk profile, increasing their chances of securing a loan and supporting their long-term growth.<\/p>\n
\u201cLendingTree\u2019s legacy in financial services is unmatched, and we\u2019re incredibly proud to have our embedded experience power their expansion into business insurance,\u201d said Ralph Betesh, Co-Founder and CEO of Coverdash. \u201cMeeting financial requirements while starting a business is complex \u2013 our partnership lets business owners easily access trusted resources in one place at every stage of their company\u2019s life cycle.\u201d<\/p>\n
The integration removes traditional barriers to acquiring business insurance and simplifies the process for business owners, helping them manage risk and protect their operations. Coverdash\u2019s embedded technology enables SMBs to access instant quotes from the nation\u2019s most recognized carriers, allowing them to compare and purchase policies that meet their specific needs. These coverage options include General Liability, Workers\u2019 Compensation, Business Owners Policy, Cyber Insurance and more. Coverdash empowers partners like LendingTree to increase customer engagement, boost revenue, and reduce customer acquisition costs by offering business insurance as an additional product.<\/p>\n
\u201cWe\u2019ve always played an integral role in helping small businesses get off the ground with our loans and financing programs, so offering business insurance was the natural next step,\u201d said Jenn Ash, General Manager, Small Business & Student Loans at LendingTree. \u201cThis partnership with Coverdash deepens our commitment to supporting our customers\u2019 growth, reinforcing our position as their trusted, long-term partner for all of their financial services needs.\u201d<\/p>\n
Coverdash and LendingTree are on a dedicated mission to help small and medium-sized businesses succeed by simplifying financial solutions. Together, they are not only providing an innovative and frictionless experience for securing essential coverage but also empowering small business owners to focus on what they do best \u2013 growing their businesses with confidence.<\/p>\n
Founded in 2022, Coverdash is a fully-digital business insurance agency committed to transforming the business insurance process for startups and small businesses. Coverdash\u2019s revolutionary embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. Coverdash serves SMBs and startups from concept all the way to Series D+. The company is headquartered in New York and is a licensed insurance agency across all 50 states. For more information, visit www.coverdash.com<\/a>.<\/p>\n LendingTree (NASDAQ: TREE)<\/em> is one of the nation\u2019s largest and most experienced online financial platforms, created to empower consumers and businesses alike to win financially. LendingTree provides customers with access to a broad range of financial products\u2014including loans, credit cards, insurance, and more\u2014through its network of over 600 financial partners. Since its founding, LendingTree has helped over 120 million customers obtain financing, save money, and improve their financial health. For more information, visit www.lendingtree.com<\/a>.<\/p>\n SOURCE: Roses PR<\/i><\/p>\n Tags: embedded insurance<\/a>, industry first<\/a>, InsurTech<\/a>, LendingTree<\/a>, partnership<\/a>, payment<\/a>, platform<\/a>, small business<\/a>, startup<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":" New York, NY (Dec. 5, 2024) \u2013 Coverdash, the fastest growing startup and SMB-focused insurtech broker, and LendingTree, the nation\u2019s leading online financial marketplace, are pleased to announce a partnership to provide LendingTree customers...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22895"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22895"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22895\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}About LendingTree<\/b><\/h4>\n