InsuranceBee
InsuranceBee is a privately held digital insurance broker founded in 2010 that specializes exclusively in professional liability and small business insurance for freelancers, independent contractors, and small firms across 30+ industries in 41 U.S. states.
- Company typePrivate
- Founded2010
- HeadquartersMaynard, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
InsuranceBee firmographics
Firmographics- Name
- InsuranceBee
- Legal name
- InsuranceBee Inc.
- Website
- https://insurancebee.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- InsuranceBee is a privately held digital insurance broker founded in 2010 that specializes exclusively in professional liability and small business insurance for freelancers, independent contractors, and small firms across 30+ industries in 41 U.S. states.
- Ownership category
- akta.pro rank
InsuranceBee industry classification
Industry- Product category
- Small Business Insurance Brokerage
- NAICS
- Insurance Agencies and Brokerages (524210)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)
- akta.pro secondary industries
- Professional Liability (Errors & Omissions) (FSAJADAB), Small Business BOP (Main Street) (FSAJAFAA), Management Liability (D&O/EPL/Fiduciary) (FSAJAGAD), Mid-Market Commercial Package (Package Policies) (FSAJAFAB)
Keywords
Where InsuranceBee is headquartered
LocationHeadquarters
- HQ city
- Maynard
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
InsuranceBee business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Technology or R&D, Others
Revenue model
- Insurance Brokerage Commissions: InsuranceBee acts as an insurance broker/agent, earning commissions from insurance carriers when policies are sold to customers. The company arranges coverage from multiple insurers including Hiscox for certain occupations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Errors and Omissions (E&O) Insurance starting at $35/month |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
InsuranceBee product offering
Product offeringCore offering
InsuranceBee is a digital insurance broker that sells small business liability and professional insurance products directly to U.S. small businesses, freelancers, and independent contractors. Core offerings include Professional Liability (Errors & Omissions), General Liability, Business Owners' Policy, Cyber Liability, Workers' Compensation, Directors' and Officers', Management Liability, and Commercial Bonds, which customers can quote and purchase online in minutes or over the phone with licensed agents.
Product overview
InsuranceBee is a digital insurance broker and advisory platform focused on providing small business liability and professional insurance products. Its core portfolio centers on Errors and Omissions (E&O) / Professional Liability Insurance, complemented by General Liability, Cyber Liability, Workers' Compensation, Directors' and Officers', and Management Liability products. These are offered as individual standalone policies as well as packaged together. InsuranceBee serves the full spectrum of small business structures — sole proprietors, freelancers, contractors, subcontractors, and LLCs — and across over 30 covered industries including accountants, architects, IT professionals, consultants, real estate agents, tax preparers, handymen, caregivers, cleaning and janitorial businesses, landscapers, and mobile food vendors. The company also publishes a Small Business Risk Guide as an educational resource.
Differentiator
Problem solved
Functional benefit
Products and services
- Professional Liability (Errors & Omissions) Insurance Errors and omissions (E&O) / professional liability insurance that protects small businesses and freelancers against claims that a mistake was made or something was omitted in service delivery, covering legal defense costs and damages.
- General Liability Insurance General liability insurance covering third-party claims of bodily injury, personal injury, and property damage against small businesses.
- Business Owners' Policy (BOP) Bundled general liability and commercial property insurance for small businesses.
- Cyber Liability Insurance Coverage for costs associated with data breaches, cyber-attacks, and cybercrime, including investigation, notification, legal fees, and system restoration.
- Workers' Compensation Insurance Coverage for medical bills, lost wages, rehabilitation costs, and legal expenses for employees injured at work.
- Management Liability Insurance Coverage addressing fiduciary, employment practices liability, and directors' and officers' exposures.
- Directors' and Officers' (D&O) Insurance Coverage protecting board members and executives against claims of mismanagement, governance failures, or financial wrongdoing.
- Commercial Bonds Bonds that protect clients and the insured business's reputation by guaranteeing contractual obligations.
Quantifiable outcome
- Coverage starting at around $35/month for E&O insurance
- +1 more outcomes
Companies that use InsuranceBee
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles1 record
InsuranceBee technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
InsuranceBee partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- HiscoxminorInsuranceBee refers customers to Hiscox when they cannot provide an online quote for the customer's occupation. Hiscox specializes in areas where InsuranceBee cannot offer direct coverage, and InsuranceBee describes Hiscox as a trusted partner.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
InsuranceBee competitors and assessment
Company assessmentBroad incumbents
- Travelers: Travelers is a large U.S. commercial P&C carrier and broker offering GL, BOP, professional liability, workers' comp, and management liability for small and mid-sized businesses — a broad incumbent with overlapping SMB product lines.
- The Hartford: The Hartford is a major U.S. property & casualty insurer with a well-known small business division offering BOP, GL, workers' comp, and professional liability — a broad-line incumbent competing for the same SMB customer base.
- Progressive Commercial: Progressive Commercial is a large U.S. commercial insurance provider offering small business GL, BOP, and workers' comp, often through online channels — a broad incumbent with overlapping SMB product offerings and online distribution.
Direct peers
- Hiscox: Hiscox is a specialty insurer and InsuranceBee's referral partner for hard-to-place occupations. It also competes directly with InsuranceBee in the small business E&O and professional liability market via its own direct SMB channel.
- Next Insurance: Next Insurance is a digital-first commercial insurance carrier and broker targeting small businesses, freelancers, and independent contractors with online quoting and bind for GL, E&O, workers' comp, and BOP — directly overlapping InsuranceBee's customer base and product mix.
- CoverWallet: CoverWallet is a digital SMB insurance broker offering online quotes and policy management for GL, professional liability, workers' comp, and BOP, serving the same small business and freelancer segment as InsuranceBee.
- Thimble: Thimble is a digital micro-insurance provider focused on freelancers, gig workers, and small businesses offering short-term GL and professional liability coverage online — directly comparable in target customer and product mix.
- Simply Business: Simply Business is an online commercial insurance broker that aggregates quotes from multiple carriers for small business owners, freelancers, and contractors across GL, professional liability, and BOP lines — the same niche served by InsuranceBee.
Emerging players
- Embroker: Embroker is a digital insurance broker applying technology-driven distribution to specialty commercial lines including professional liability and D&O, with growing focus on small and mid-sized businesses that overlaps with InsuranceBee's product set.
- Founder Shield: Founder Shield is a specialty insurance broker focused on startups and small businesses offering D&O, E&O, cyber, and GL coverage with digital distribution — closely aligned with InsuranceBee's SMB/freelancer target.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
InsuranceBee social profiles
Digital presenceInsuranceBee financial estimates
Financial estimateRevenue estimate
Valuation estimate
InsuranceBee leadership team
Management profileNumber of profiles
Profiles1 record
InsuranceBee funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
InsuranceBee M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about InsuranceBee
What does InsuranceBee do?
InsuranceBee is a digital insurance broker that sells small business liability and professional insurance products directly to U.S. small businesses, freelancers, and independent contractors. Core offerings include Professional Liability (Errors & Omissions), General Liability, Business Owners' Policy, Cyber Liability, Workers' Compensation, Directors' and Officers', Management Liability, and Commercial Bonds, which customers can quote and purchase online in minutes or over the phone with licensed agents.
Is InsuranceBee a public or private company?
InsuranceBee is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was InsuranceBee founded?
InsuranceBee was founded in 2010. It employs 1 to 10 people.
Where is InsuranceBee based?
InsuranceBee is headquartered in Maynard, United States, in the North America region.
How does InsuranceBee make money?
One revenue line is on record: insurance Brokerage Commissions.
Who are InsuranceBee's main competitors?
Broad incumbents on record are Travelers, The Hartford and Progressive Commercial. Direct peers are Hiscox, Next Insurance, CoverWallet, Thimble and Simply Business. Emerging players are Embroker and Founder Shield.
Does InsuranceBee have an API?
No public API is recorded for InsuranceBee.
What industry is InsuranceBee in?
InsuranceBee's product category is Small Business Insurance Brokerage. Its primary akta.pro industry code is FSAEADAJ, Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines), with a secondary code of FSAJADAB, Professional Liability (Errors & Omissions). Its NAICS code is 524210 and its SIC code is 6411.