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CoverEase
United States
2021 (4 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know CoverEase
Company Information
Get to know CoverEase
CoverEase, a digital insurance broker, has reinvented the way businesses shop, purchase and save on the insurance products they need most. CoverEase provides insurance options from over 17 different insurance companies, offering the consumer complete pricing transparency and insurance company choice in minutes vs. weeks. Business owners take a simple, 3-minute online journey to answer basic yet important questions about their business, and in 15 seconds, Lighting Max (CoverEase’s’ eager Golden Retriever mascot) delivers multiple quotes from multiple carriers using advanced AI, transforming a typical long and complicated process of buying insurance into a lighting fast, easy, and awesome experience. CoverEase combines its InsurTech with broker expertise to help businesses trust they are getting the most insurance coverage at the best price. CoverEase uses their advanced technology to offer an online “Amazon-like” shopping experience with unmatched choice for multiple insurance products, including no down payment workers’ compensation, business liability and property, cyber liability, employers’ liability, professional liability, term life insurance, group health, and dental and vision insurance with the best insurance brands in the country, including The Hartford, Travelers, Liberty Mutual, C N A, Markel, Berkshire Guard, Employers, AmTrust, CopperPoint, Cowbell Cyber, Great American, Ethos and Beam among others. In a separate 20-second interview, you can get multiple term life insurance quotes, an important coverage that is often overlooked, and if you like what you see, you will continue with your journey to answer a few health questions online to get same-day and affordable coverage without having a medical exam or blood tests. CoverEase works with non-insurance company partners to embed a digital plug-and-play insurance platform to its customers’ purchasing journey to help them save time and money. A national company, headquartered in California, founded by Shawn Marie Edgington in 2021 who serves as CEO. The CoverEase platform was built on the same technology that their sister company's pay-go agency E-COMP has been using and improving for over a decade and is powered by a team of commercial insurance veterans.
Industry
- Financial InsurancePRIMARY
- Financial Other Service
- Financial Wealth Management
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