What Draftrs does

Draftrs, Inc. is a digital insurance platform that distributes professional liability coverage to small professional service firms in the United States. The platform targets three verticals, design professionals (architects, engineers, interior designers, construction managers, land surveyors, and technical design consultants), consultants (business strategy, education, HR, management, marketing, and non-profit fundraising), and other professionals (bookkeepers, tax preparers, recruiters, administrative professionals, mediators, and grant writers). The core product is a web-based application that generates instant professional liability quotes with configurable policy limits ($500K/$500K up to $2M/$2M) and deductibles ($1,000 to $5,000), accepts credit-card payments, and issues policy documents and certificates of insurance immediately upon binding. Coverage is delivered through carrier appointments with A-rated insurers, including Markel Insurance Company and The Hanover Insurance Group (the latter expanded nationwide effective September 15, 2025), and is complemented by a secondary general liability product.

The platform's architecture centers on a self-service Agent Dashboard, an instant quote engine, a direct credit-card payment system, and a policy management portal that handles mid-term endorsements and renewals without underwriter intervention. The company operates a hybrid go-to-market combining product-led growth (agents or their clients can complete applications in five minutes or less) with channel partnerships through national agencies and associations, notably ACEC, Risk Strategies, Greyling, and (as of September 2025) wholesale broker London Underwriters. Geographic coverage currently excludes Hawaii and Alaska and offers limited classes in Texas and Florida.

Draftrs generates revenue through insurance premiums written on behalf of its carrier partners, with annual policy terms and pricing based on firm revenues, employee count, professional experience, and risk profile. Coverage enhancements such as additional named insureds, vicarious liability, first-dollar defense, employment practices defense, and notice-of-cancellation endorsements are sold as add-on fees. The company is privately held, was founded in 2022 in Dallas, Texas, and operates with a headcount of 1-10 employees; no funding rounds, ownership structure, or management team details are disclosed.

Name

Draftrs

Legal name

Draftrs, Inc.

Website

https://draftrs.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Draftrs is a digital insurance platform that distributes professional liability coverage to small US professional service firms, including architects, engineers, consultants, and bookkeepers, via a self-service instant-quote platform underwritten by A-rated carriers Markel and Hanover, and sold through both direct agent channels and national agency partners.

Ownership category

akta.pro rank

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Professional Liability Insurance Premiums: Draftrs generates revenue by offering professional liability insurance policies underwritten by Markel Insurance Company and The Hanover Insurance Group. The platform charges premiums for coverage based on firm revenues, number of employees, and risk profile. Policies include various coverage enhancements available for additional fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Draftrs operates a digital insurance platform that delivers professional liability (and complementary general liability) coverage to small professional service firms such as architects, engineers, interior designers, construction managers, land surveyors, consultants, bookkeepers, tax preparers, recruiters, mediators, and grant writers. The platform enables insurance agents and brokers to generate instant quotes, bind coverage with credit card payment, issue and download policy documents and certificates, and service accounts online. Coverage is admitted and underwritten by A-rated carriers Markel Insurance Company and The Hanover Insurance Group.

Product overview

Draftrs is a small business professional liability insurance platform that provides a unified digital experience for agents and their clients. The core product is the Draftrs Professional Liability Insurance platform, which integrates an Instant Quote Engine for rapid coverage applications, a Direct Credit Card Payment System for instant binding, an Agent Dashboard for policy servicing, and a Policy Management Portal for document access. The platform is complemented by General Liability Insurance offerings. Coverage is underwritten by Top A-Rated carriers Markel Insurance Company and The Hanover Insurance Group. The platform automates the entire insurance lifecycle from quote to bind to policy management for small professional service firms including architects, engineers, consultants, bookkeepers, and recruiters.

Differentiator

Problem solved

Functional benefit

Products and services

• Draftrs Professional Liability Insurance Admitted professional liability (errors and omissions) insurance for small U.S. professional service firms — including architects, engineers, interior designers, construction managers, land surveyors, technical design consultants, business, education, HR, management and marketing consultants, bookkeepers, tax preparers, recruiters, administrative professionals, mediators, and grant writers — underwritten by Markel Insurance Company and The Hanover Insurance Group. Sold through appointed insurance agents via a self-service digital platform that supports instant quoting, credit-card binding, certificate issuance, and online policy servicing. Coverage is available across most U.S. states (excluding Hawaii and Alaska; with limited classes in Texas and Florida).
• General Liability Insurance General liability insurance offered to small professional service firms in conjunction with Draftrs' professional liability products, providing standard commercial general liability protection to complement errors and omissions coverage.

Quantifiable outcome

• Streamlined digital application completed in 5 minutes or less
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• London UnderwriterscoreChannel Partner/ Reseller/ Distributor · 1 January 2019London Underwriters, a wholesale insurance broker, has partnered with Draftrs Insurance as part of their network of partnerships between 2019 and 2025. This collaboration focuses on expanding access to commercial insurance products and offering specialized insurance solutions.
• Markel Insurance CompanycoreOthersMarkel Insurance Company (NAIC #38970), part of the Markel Group, is a specialist insurer that has been offering property and casualty insurance since 1930. They provide admitted policies for Draftrs professional liability coverage.
• The Hanover Insurance GroupcoreOthersThe Hanover Insurance Group, based in Worcester, MA, offers property and casualty products and services since 1852. They are the underwriter for Draftrs admitted policies. Effective September 15, 2025, this admitted program is being offered through The Hanover Insurance Group nationwide.
• ACECminorGTM or Marketing PartnerAmerican Council of Engineering Companies (ACEC) partnership for referral traffic and co-marketing. Draftrs is listed on ACEC's PLI quote platform.
• Risk StrategiesminorGTM or Marketing PartnerRisk Strategies is a national insurance agency partner for distribution and co-marketing of Draftrs professional liability products.
• GreylingminorGTM or Marketing PartnerGreyling is a national insurance agency partner for distribution and co-marketing of Draftrs professional liability products.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• Next Insurance: Next Insurance is a leading digital insurer offering professional liability and other commercial coverages directly to small businesses online. It is a direct competitor in the same small-firm digital PL category Draftrs targets, though Next is much larger and carrier-backed itself.
• Hiscox USA: Hiscox is a major specialty insurer with a long-standing direct-to-customer small business professional liability product for consultants, designers, and other professionals. It overlaps heavily with Draftrs' target verticals and competes on agent-direct digital experience.
• CoverWallet: CoverWallet (an Aon company) provides a digital platform for small businesses to compare, buy, and manage multiple commercial insurance lines including professional liability. It is a comparable digital distribution platform serving overlapping SMB segments.
• Embroker: Embroker is a digital commercial insurance platform focused on professional liability and specialty lines for professionals and emerging businesses. It targets a similar buyer (small professional firms) with a tech-forward application and underwriting experience.
• Thimble: Thimble offers on-demand and short-term professional liability and general liability insurance for small businesses and freelancers, including consultants and designers. It is a direct competitor in the digital small-firm PL space with a similar instant-bind product experience.

Broad incumbents

• Travelers Small Business Insurance: Travelers is a large incumbent P&C carrier offering professional liability and management liability for small professional service firms through agents. It competes with Draftrs via its agent channel and broader portfolio of small commercial products.
• The Hartford Small Business Insurance: The Hartford is a major incumbent carrier offering professional liability and BOP coverages for small professional firms through independent agents. It competes with Draftrs across overlapping SMB verticals with a much wider product suite and agent footprint.
• AXA XL (Professional Liability): AXA XL provides professional and management liability insurance for architects, engineers, consultants, and other professionals via brokers. It is an incumbent specialty carrier competing for the same small-to-mid professional firm placements Draftrs facilitates.

Emerging players

• Pie Insurance: Pie Insurance is a digital insurtech focused on workers' compensation for small businesses that has expanded into other commercial lines. It is comparable as a digitally-native, agent- and SMB-focused carrier/distributor though anchored in a different primary line.
• Founders Shield: Founders Shield provides professional liability, D&O, and cyber insurance packages for startups and small professional firms via a digital broker model. It is comparable in serving the small professional firm segment with a digital distribution approach.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/draftrs_inc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Draftrs