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This AI startup just raised $7.5m to fix commercial insurance for America’s 24m underprotected small businesses
New York AI startup 1Fort secures $7.5M in funding to streamline commercial insurance for small businesses with its broker-focused platform that cuts paperwork from hours to minutes.
The platform enables brokers to enter client information once, then automatically completes applications, retrieves carrier quotes, analyzes coverage options, and processes binds and payments. “It handles the grunt work at lightning speed – autofilling tedious applications, pulling instant quotes from carriers, cross-comparing coverage options, and processing premium payment and financing.” As small businesses face increasingly complex risks related to technology, data privacy, and cybersecurity, platforms like 1Fort could play a crucial role in closing the insurance gap.
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