Zensurance Company Research Report

Company Overview

Name: Zensurance

Mission

To empower small businesses across Canada to thrive by offering an honest, simplified, and modern approach to insurance.

Founded and Founders

Founded in 2016 by Danish Yusuf.

Key People

Danish Yusuf, Founder and CEO

Mariano Neiman, Chief Operating Officer

Kevin Shearer, Vice-President of Finance

Cheryl Fearon, Vice-President of Sales

Martin Cieszewski, Vice-President of Marketing

Kevin Sloan, Vice-President of Engineering

Roland Mascarenhas, Vice-President of People and Culture

Headquarters

Toronto, Ontario, Canada

Number of Employees

Over 250 employees

Revenue

No information is available.

Known For

Zensurance is known for providing small business insurance solutions through a technology-driven platform that simplifies the insurance purchasing process. They have a network of over 50 insurance providers and offer customized coverage solutions with savings of up to 35%.

Products

Overview of Products

Zensurance offers a wide range of business insurance types tailored for various professions and industries.

Business Insurance Types

General Liability Insurance: Protects businesses from third-party claims of bodily injury, property damage, and personal and advertising injury.

Professional Liability Insurance: Covers professionals against claims of negligence or malpractice.

Commercial Auto Insurance: Provides coverage for vehicles used for business purposes.

Business Interruption Insurance: Covers the loss of income that businesses suffer after a disaster.

Cyber Liability Insurance: Protects businesses from cyber threats, such as data breaches and cyberattacks.

Director & Officer Insurance: Covers company directors and officers against legal actions taken against them.

Errors & Omissions Insurance: Protects against claims of inadequate work or negligent actions.

Tenant Legal Liability Insurance: Provides coverage for damages to a rented property caused by the tenant.

High-Level Description of Key Features

General Liability Insurance: Coverage for bodily injury, property damage, legal defense, and settlements.

Professional Liability Insurance: Coverage for legal costs and damages from claims of professional negligence.

Commercial Auto Insurance: Coverage for liability, collision, and comprehensive damage on vehicles used for business purposes.

Business Interruption Insurance: Coverage for lost income, ongoing expenses, and extra expenses incurred during restoration.

Cyber Liability Insurance: Coverage for data breach response, legal defense, and public relations expenses.

Director & Officer Insurance: Coverage for personal liability of directors and officers arising from wrongful acts.

Errors & Omissions Insurance: Coverage against claims of negligence, errors, and omissions in professional services.

Tenant Legal Liability Insurance: Coverage for property damage caused by negligence or accidental incidents in a rented property.

Recent Developments

No information is available on specific recent developments.

New Products Launched

No information is available on new products launched.

New Features Added to Existing Products

No information is available on new features added to existing products.

New Partnerships

May 19, 2022: Digital business insurance brokerage partnership with HelloSafe.

March 06, 2018: Partnership with Retail Council of Canada to help retailers manage their insurance needs.

September 06, 2017: Partnership with MedStack to accelerate digital health innovation.

Awards and Recognition

Technology Fast 50 2023 by Deloitte Canada

Top Insurance Employers 2022

Canada’s Top Growing Companies 2022

Fintech Business of the Year 2021

5-Star Diversity, Equity and Inclusion 2022

Diversity Leader 2021 Awards of Excellence Winners

Canada’s Top Growing Companies 2021

Insurance Industry Employer of Choice 2020

Startup List 2020

Canada’s Top 50 FinTech Companies 2019

Conclusion

Zensurance has positioned itself as a market leader in providing insurance services tailored to small businesses in Canada. Their use of technology to simplify insurance procurement, combined with a strong network of partners and recognitions, showcases their commitment to serving small business owners effectively.