Vouch Insurance Expands Coverage to New York.

• Position: [IN THE NEWS]

* Vouch Insurance, the business insurance platform for startups, announced the expansion of its coverage into New York, one of the largest and most resilient hubs for innovation in the world. The expansion will bring risk mitigation to local startups as they scale their technologies within one of the leading U.S. technology markets.

In a tumultuous year defined by the COVID-19 pandemic and its widespread economic impact, New York's startup and venture capital landscapes are increasingly crucial to the state's economy, playing a key role in New York's perseverance and growth as it rebuilds. With over 9,000 startups valued at $147 billion, New York is already the second most valuable startup ecosystem in the world. Building resilient business foundations is more crucial than ever as this growth continues amidst the COVID-19 landscape.

As one of the only insurtechs in the U.S. with the specific technology to underwrite and serve early stage startups, Vouch has expertise in the unique risks that New York startups face. In addition to nationwide economic challenges including a 40% drop in startup exits across the U.S., New York's tech companies must also navigate the uncertainties of reopening and some of the country's strictest employment laws, subjecting them to intense scrutiny as they expand their remote and in-person workforces. Vouch will play an essential role in helping startups plan for these challenges by delivering risk mitigation expertise, anti-workplace harassment training from partner Ethena, and rapid, affordable insurance coverage that understands the nuances of their company and the importance of ethical business foundations.

"New York is not just for digital media and fintech anymore. My experiences working with startups in New York taught me what it takes to thrive in one of the world's most critical tech hubs, and showed me how New York's startup diversity is its strength," said Vouch CEO and co-founder, Sam Hodges. "Our goal is to help New York's disruptive startups bend the risk curve by...