Embroker is a digital insurance broker that specifically caters to small businesses. They digitally capture information that can be matched to the right insurance providers they are partnered with. Licensed in 50 states, including the District of Columbia, Embroker is best suited for tech and legal businesses.
Embroker Pros and Cons
Procuring an insurance policy can be done online
Requires additional steps to take since it is a broker
Quotes are available in 60 seconds
Customer experience may vary with both insurance carrier and broker
Has programs specifically made for startups
Offers coverages to only eight industries
No commitment when registering online
Provides resources to explain each product being offered
Who Embroker Is Best For
- Startup businesses: Through the Embroker Startup Program, businesses are offered directors and officers (D&O), employment practices liability insurance (EPLI), and a mix of both errors and omissions (E&O) and cyber coverage in minutes.
- Tech companies: By applying through the Embroker Startup Program, tech companies can save as much as 20% with customized coverages tailored to their needs.
- Legal businesses: Embroker’s legal professional liability (LPL) is the first-ever fully digital LPL Insurance that can be processed in as fast as 10 minutes.
As a broker, Embroker may charge additional fees on top of the coverages they offer to business owners. Despite this, they provide discounts and give premium credits of up to 25% by signing up with the Embroker Venture Program. They also provide a risk review to help business owners check if their brokers are giving them the best coverages that are tailored to their business needs.
Ready to get started with Embroker? Get a quote.
Embroker Alternatives 2020
Business Insurance Broker
New business owners who want expert advice to help determine the coverage they need
Sole proprietors and microbusinesses that need general liability and professional liability insurance
Ecommerce businesses looking for cyber liability insurance and cybersecurity resources
Small business owners who want transparency about extra fees
Contractors who see declines because of high-risk operations
Technology-based businesses that need coverage within 48 hours
High-growth businesses that want directors & officers insurance for investors and their board
Embroker is one of the few brokers that prides itself on having all of their processes done online—from application to renewal. In addition to this, Shotwell Bot, its online chat, is available 24/7 to get relevant information enough to schedule a 30-minute call with their broker. Below is a list of some of Embroker’s features.
Quick application, renewals, and transfers
It only takes a few minutes for you to sign up for an account for Embroker, and there isn’t a need to already commit to them when registering online. On top of that, it only takes around 10 minutes for you to get a quick quote on the coverage that you wish to get based on a set of questions that can help describe your business.
Data-driven risk review
Despite having a reliable and trustworthy broker, Embroker can still give you a good idea if you’re getting the right coverages for your business. Through its experts that are based in San Francisco, Chicago, and Boston, they can give you insights on whether you’re getting the right type of coverage, identify possible gaps, and provide you with opportunities for premium savings.
Offers specific types of programs
What sets Embroker apart from other brokers is how they extend their lines of insurance beyond that of business coverages, such as management liability like fiduciary liability, crime), benefits like health and employee benefits, key person insurance, and wrap-up insurance like owner-controlled insurance programs (OCIPs) and contractor controlled insurance programs (CCIPs).
Most Helpful Embroker Reviews
Most of the Embroker reviews found online are positive. Policyholders are happy that they can access their policies through its online platform easily. They are also happy with how helpful and knowledgeable its customer support is, saying that they were thoroughly assisted and were provided with adequate information on what they need to be properly insured. On the other hand, one client was unhappy that he wasn’t given an expedited review for a policy.
Great customer service; provides the best policies and coverage
An Embroker policyholder who left a review of it on Google said that its customer support strives for long-term relationships. He added that his agent helped him throughout the process and provided him with the best insurance policy for his construction business to be properly covered.
Embroker Frequently Asked Questions (FAQs)
Every business situation is unique, and small business owners should seek out answers before selecting an insurance provider. We’ve gathered some of the most frequently asked questions about Embroker below and answered them.
Is there a need for me to replace my existing broker if I sign up with Embroker?
There is no need for you to replace your existing broker. What Embroker can do for you once you sign up for an account is to upload the existing policies you have, and they will provide you with a clear overview of your coverages as well as any possible policy gaps that can be found. In case you decide to purchase coverage from or transfer your policy to Embroker, you will be given more benefits and personalized service.
What other specific programs does Embroker offer?
Embroker Startup Program, Embroker Venture Program, and legal professional liability insurance are some of the programs that Embroker offers for businesses delving into tech and legal.
Our Top Business Insurance Provider Picks
In case you are still not sure if Embroker is right for you, then this article on the best small business insurance companies is a review of our top choices. In this guide, we reviewed dozens of providers and narrowed them down to our top picks based on key criteria like coverage types, customer service, and pricing.