Tapoly Ltd Company Research Report

Company Overview

Name: Tapoly Ltd

Mission of the Company: Insurance should not be complicated and expensive; the mission is to simplify and make on-demand insurance solutions available and accessible for everyone to cover what they need, when they need it, at a fair price.

When Founded: Founded in 2016

Founders: No information is available

Key People:

Janthana Kaenprakhamroy - CEO

Anuraag Sunder - Asia Regional Head

Sam Hopkins - CTO

Shubash Chumber - Core Systems

Cassie Thomas - Platform Integration

James Buttress - Head of AI Projects

Amanda Edwards - B2C Marketing

Sarah Clements - B2B Marketing

Headquarters: No information is available

Number of Employees: No information is available

Revenue: No information is available

What the Company is Known for: Tapoly is recognized as Europe's first and fastest-growing insurtech, providing on-demand flexible commercial insurance products specifically for SMEs, freelancers, the self-employed, and the gig economy.

Products

Insurance Solutions

Professional Indemnity Insurance

Description: Protects against claims made by a client for any financial losses resulting from services provided.

Key Features: Covers legal costs up to £2 million.

Public Liability Insurance

Description: Protects against legal claims if a customer or public member is injured or their property damaged while on your premises.

Key Features: Covers legal costs up to £5 million.

Employer's Liability Insurance

Description: Provides coverage for workplace accidents involving employees.

Key Features: Covers legal costs up to £10 million.

Cyber Breach Response

Description: Covers costs related to data breaches or cyber hacks.

Key Features: Obligation to notify affected parties is included.

Directors & Officers Insurance

Description: Extra protection for directors against mistakes made while fulfilling their duties.

Key Features: No specific financial coverage details provided.

Buildings Insurance

Description: Coverage for damage to rented commercial office spaces.

Key Features: Specific coverage limit depends on agreed maximum sum.

Contents Insurance

Description: Covers theft or accidental damage to work equipment.

Key Features: Applicable whether working from home or office.

Business Interruption Insurance

Description: Covers loss of income due to unexpected disasters such as fires or floods.

Key Features: Specific financial coverage details not provided.

Personal Accident Insurance

Description: Covers accidents or injuries that happen at work or outside.

Key Features: Provides a lump sum payment.

Legal Expenses Insurance

Description: Covers costs of legal disputes provided legality is maintained.

Key Features: Covers government tax inquiries, including IR35.

Medical Malpractice Insurance

Description: Essential cover for healthcare professionals.

Key Features: No specific coverage details provided.

Health Insurance

Description: Tailorable private medical cover for employees.

Key Features: Customizable to suit business needs.

Property Owner's Insurance

Description: Protects property and tenants against risks.

Key Features: Customizable coverage options.

Recent Developments

New Developments:

Tapoly CEO joined BIBA's NetMGA Advisory Board as of April 9, 2023.

Tapoly was named among the Best SaaS Companies in the UK by TechRound on April 13, 2021.

New Products Launched: No specific new product launches mentioned.

New Features Added: No specific new features for existing products mentioned.

Partnerships:

Backed by Lloyd's, with API integrations offered to affinity and corporate partners for tailored insurance solutions.

Conclusion

Tapoly Ltd continues to expand its reach within the insurtech industry, offering a broad spectrum of insurance products tailored to fit individuals and businesses within the gig and sharing economy. The company's commitment to providing flexible, accessible, and affordable insurance solutions positions it as a notable player in the on-demand insurance market.