Company Research Report: Glow Insurance Services, LLC

Company Overview

• Name: Glow Insurance Services, LLC

• Mission: To make insurance accessible to everyone, ensuring small businesses have the right coverage at lower costs yearly, and providing peace of mind to pursue business goals.

• Founded: Information on the founding year is not available.

• Founder: Samad Wahedi

• Key People:

• Samad Wahedi, CEO and Founder

• Ben Malka, Partner at Cota Capital

• Amir Kabir, Partner at AV8 Ventures

• Headquarters: San Francisco, California, USA

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Glow is known for its digital insurance platform focusing on aligning small business insurance needs with appropriate coverage while reducing costs and maintaining updated policies.

Products

Product Offerings

1. Workers’ Compensation

• Description: A modern approach to workers’ compensation insurance which is characterized by its increased coverage, hassle-free process, and value for premium.

• Key Features:

• Keeps teams safe at work.

• Offers more coverage with less hassle.

2. Extended Coverage

• Description: Complements workers’ compensation with additional accident coverage without increasing premiums.

• Key Features:

• Protects staff even when they are not at work.

• Supports medical expenses not covered by health insurance.

3. Concierge Service

• Description: Personalized service offering dedicated account managers who act as licensed insurance advisors.

• Key Features:

• Available by phone or online.

• Transparency and fast service.

4. Pay As You Go

• Description: A payment setup that aligns insurance costs directly with payroll operations.

• Key Features:

• No fees and no down payments are required.

• Syncs directly with company payrolls.

Additional Benefit Features

• Out of Pocket: Assists in covering medical expenses not compensated by health insurance.

• Income Loss: Provides cash payments during and post-hospitalization when employment is disrupted due to injury.

• Disability: Benefits are allotted when employees can't return to work.

• Accidental Death: Offers financial aid to the families of employees.

Recent Developments

• Financing: Glow raised $22.5 million in a Series A funding round led by Cota Capital, with participation from AV8 Ventures, Markd, Startup Venture Capital, Maiden Re, and others.

• Strategic Expansion: The funding is directed towards enhancing the digital insurance platform and expanding across more states to cover small businesses in various industries.

• Partnerships: Glow has partnered with well-known insurance providers to offer comprehensive coverage including workers’ compensation and extended coverages.

• Technological Innovation: The company utilizes data to offer tailored insurance solutions, matching small businesses with optimal insurance carriers and maintaining up-to-date policies at reduced costs.

• Service Enhancement: Continual updates ensure companies' coverage reflects any changes in employee numbers and roles, departing from traditional static insurance models.

This report provides a factual overview of the current standing and offerings of Glow Insurance Services, LLC, based on the latest available data.