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INSURATE

AI-Driven Workers Compensation for High-Hazard Industries

Specialty Solutions Startup USD 4.5M (Seed, 2021)
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Overview

INSURATE is a technology-enabled managing general agent (MGA) specializing in workers' compensation insurance for high-hazard industries and hard-to-place risks. The company combines deep workers' compensation expertise with artificial intelligence, predictive analytics, and data science to identify and underwrite best-in-class operators within dangerous industries, offering them better rates than traditional carriers. Founded in 2019 and headquartered in Omaha, Nebraska with operations in Seattle, Insurate was built by a team with extensive insurance industry experience and technology backgrounds.

INSURATE's mission is to modernize high-hazard workers' comp for businesses that build and sustain America, rewarding safer companies through dynamic pricing and loss prevention initiatives. The company's proprietary Safe-Tier platform leverages AI and predictive analytics to assess hundreds of novel data points for more accurate risk evaluation -- without requiring additional audits or forms from insureds.

The company targets best-in-class employers in industries such as construction, transportation and trucking, agriculture, power line construction, roofing, and commercial staffing -- all sectors typically penalized by broad industry classifications rather than their individual safety performance.

Products & Services

Safe-Tier Platform

Proprietary AI and predictive analytics underwriting engine that analyzes hundreds of novel data points to score employer safety performance. The platform complements traditional underwriting and enables dynamic premium pricing that rewards companies with strong safety records -- all without requiring additional audits or forms from the insured.

Key Features

  • Full workers' compensation coverage for hard-to-place risks
  • Dynamic premium pricing tied to actual safety performance
  • No additional audits or engagement required from the insured

Target Users: High-hazard employers in construction, transportation, agriculture,

Distribution: Wholesale and retail agents

Workers' Compensation Insurance

Comprehensive workers' compensation policies for high-hazard industries that are underserved by standard markets. Insurate specializes in risks that fall outside the narrow class code appetites of most traditional providers.

Key Features

  • Construction
  • Transportation and trucking
  • Agriculture
  • Power line construction
  • Roofing
  • Commercial staffing

Target Users: Best-in-class operators in high-hazard sectors who have been

Distribution: Wholesale and retail agents

Fractional Chief Safety Officer Program

Launched in January 2024, this program pairs high-hazard businesses with industry expert safety analysis combined with AI technology for proactive loss prevention.

Key Features

  • Industry expert safety analysis
  • AI-powered loss prevention technology
  • Ongoing safety program support

Target Users: High-hazard employers seeking ongoing safety guidance.

Distribution: Direct to employer

Claims Management and Support

In-house claims handling and loss control support services for insured employers, led by a Chief Claims Officer with 25+ years of carrier experience.

At a Glance

Founded
2019
Headquarters
Omaha, Nebraska, USA
Employees
11-50
Funding
USD 4.5M (Seed, 2021)

Category & Focus

Category
Specialty Solutions
Subcategories
Workers Compensation MGA Platform Underwriting & Risk
Insurance Verticals
Workers Compensation P&C Commercial Specialty/E&S
Target Customers
Employers

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Last updated: 2026-06-03