Spot Insurance

Digital injury insurance for athletes, adventurers, and active individuals

Specialty Solutions Growth Series A

Overview

Spot Insurance is an accident and injury insurance carrier serving active individuals including athletes, outdoor enthusiasts, and travelers in North America. Founded in 2017, the company operates a direct-to-consumer model with a fully digital platform that provides on-demand injury insurance for activities traditional carriers avoid or charge excessively for. Spot's core offering covers injuries from skiing, snowboarding, mountain biking, marathons, contact sports, and triathlons with zero-deductible plans starting at USD 20 per month.

The company uses proprietary technology to reduce claim processing costs and enable competitive pricing for underserved customer segments. Coverage is customizable, available for individuals 18 and older, and can supplement or replace traditional health insurance. Digital enrollment takes approximately one minute with immediate activation, allowing customers to purchase protection for specific trips, events, or ongoing coverage.

Spot has achieved meaningful traction through strategic partnerships with major ski resorts (Powder Mountain, Telluride), the Ikon Pass platform, event organizers (Chicago Triathlon, USA BMX, National Collegiate Rugby), and professional associations (USA Cycling, PSIA-AASI). The company has raised USD 56.3 million across seed and Series A funding rounds led by Ensemble VC and GreatPoint Ventures, and expanded into Canada in 2021.

Products & Services

Injury Insurance

Spot's core product is accident and injury coverage tailored to active individuals. Plans provide USD 20,000-25,000 per injury with zero deductibles and start at USD 20 per month. Coverage is underwritten for adults 18 and older and can be used independently or to supplement existing health insurance.

Key Features

Zero-deductible accident coverage
Fast digital enrollment (approximately one minute)
Immediate policy activation
Customizable coverage limits
No medical underwriting required

Target Users: Athletes, outdoor enthusiasts, travelers, and individuals engaging in high-risk activities

Trip Protection / Pass Protection

Spot offers supplemental coverage for non-refundable vacation and ski pass costs. Through partnerships with ski resorts and regional pass programs, customers can protect multi-thousand-dollar commitments against cancellation for unexpected covered reasons, with pro-rated reimbursement for unused portions.

Key Features

Non-refundable pass protection
Trip cancellation coverage
Pro-rated reimbursement
Partnership distribution through pass holders

Target Users: Ski resort visitors, pass holders, travelers

Adventure Health Insurance

Specialized zero-deductible accident coverage designed specifically for outdoor adventurers and athletes engaging in high-risk activities excluded from traditional health and accident policies.

Key Features

Adventure-activity-specific coverage
Zero deductibles
High-risk activity focus
Direct enrollment

Target Users: Adventure sports enthusiasts, climbers, mountaineers, and extreme-sport participants

At a Glance

Founded: 2017
Headquarters: Austin, Texas
Employees: 11-50
Funding: Series A

Category & Focus

Category: Specialty Solutions
Subcategories: Direct insurance parametric insurance micro-insurance
Insurance Verticals: P&C Personal Specialty/E&S
Target Customers: Consumers

Customers

Ikon Pass (Alterra Mountain Company) - integrated checkout across all Mountain Collective destinations
USA Cycling - member access
Chicago Triathlon - event participant coverage
USA BMX - racing athlete coverage
National Collegiate Rugby - college team coverage
athleteReg - event registration platform
Powder Mountain - ski resort
Telluride - ski resort
PSIA-AASI Members - professional instructor coverage