NEW YORK, Nov. 2, 2016 /PRNewswire/ -- CoverWallet, a company dedicated to reinventing the way businesses understand, buy and manage insurance, announced today it was named as one of the "Best Entrepreneurial Companies in America" by Entrepreneur Magazine, as part of this year's Entrepreneur 360™ List.
Honorees were identified based on the results from a comprehensive study of independently-owned companies, using a proprietary algorithm and other advanced analytics. The algorithm was built on a balanced scorecard designed to measure four major pillars of entrepreneurship — Innovation, Growth, Leadership and Impact.
"Our team has spent tireless hours building an industry changing product and this award is proof that we're on the right track," said Inaki Berenguer, CEO of CoverWallet. "We're so proud of what we have been able to create so far and are incredibly honored to be among the chosen winners on this year's Entrepreneur 360™ list."
CoverWallet's online platform focuses on both advising small and mid-size businesses, as well as simplifying the process of purchasing and managing policies. Its insurance offerings provide coverage for all the risks small businesses commonly face. These include, but are not limited to, general liability, commercial property, workers compensation, directors and officers (D&O), errors and omissions (E&O), and cyber liability insurance. The platform provides an unique and improved customer experience linked with online servicing options, and can be used to simplify how every one of the 20 million small businesses in the U.S. deal with their insurance needs.
Based in New York City, CoverWallet is the easiest way to understand, buy and manage insurance for your business. It combines data, design and technology to help small businesses deal with their insurance needs with a few clicks, whether from their phone or online. With a needs assessment tool and concierge-like service, CoverWallet saves time and provides peace of mind by making managing insurance simple and intuitive. For more information, please visit www.coverwallet.com.