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CoverWallet Review

CoverWallet
Our score: 8.0 User satisfaction: 100%

What is CoverWallet?

CoverWallet is an online-based business insurance management platform that aims to simplify how businesses manage their insurance policies. The service is the product of tech entrepreneurs with software startup experience who want to create an insurance management service that is totally online, transparent, and easy. CoverWallet, simply put, takes all your insurance policies and place them into a centralized location for easy management and access.

CoverWallet caters to numerous insurance types. These include General Liability, Workers Compensation, Commercial Property, Business Owners Policy (BOP), Professional Liability, Errors & Omissions (E&O), Medical Malpractice, and more. The service is widely implemented across various industries, such as Rental, Real Estate, Construction, Finance, Education, and Retail to mention a few.

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Overview of CoverWallet Benefits

Managing multiple insurance policies for your business can be an overwhelming task, especially if you have policies from various carriers. Traditional practices of managing your insurance mean having tons of documents filed and stored in cabinets, which can be a pain if you need to access them and find that they are not organized well. CoverWallet takes all of that away by changing the way you manage your policies – online.

With CoverWallet, you have an online hub where you can easily store and organize your policies and access them whenever you need to. No more rummaging file cabinets and flipping drawers and tables looking for insurance papers. CoverWallet simplifies all things insurance.

Partnerships with the leading insurance carriers mean you are in good hands. CoverWallet works in tandem with a number of the top insurance carriers in the United States, including Liberty Mutual, Berkshire Hathaway Guard, Starr, Atlas, Markel, and Hamilton among others. CoverWallet helps you find the best insurance policy for your business using an intelligent assessment system that identifies the perfect insurance based on your specifications and budget.

When you commit to CoverWallet, not only do you get a product that is built on experience and state-of-the-art online technologies, you also a highly skilled personal advisor who is dedicated to helping you with your business insurance management.

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Overview of CoverWallet Features

  • Centralized Business Insurance Policies
  • Peer Comparison
  • Multiple Insurance Carrier Partnerships
  • Free Quotes
  • Dedicated Insurance Advisor

What Problems Will CoverWallet Solve?

1. Launching Your Business: There’s a number of risks that go alongside launching a new business, and it can be hard to determine exactly what scenarios you’ll face. CoverWallet’s Advice tool helps you to reduce your new company’s risks by providing expert coverage recommendations and average pricing. It’s simple to use and you get instantaneous results; all you have to do is provide some basic information about your business such as location, industry, and size.

2. Signing New Business: A lot of work goes into signing a new client or partner, and a common requirement of such contracts is to provide the external party proof of insurance coverage. This process can take a while with a traditional brick-and-mortar broker, but this digital platform lets you log in and request a COI with all the necessary information anytime, so you’ll get confirmation of coverage as soon as you need it.

3. Compliance: Similarly, when you’re working with third parties you may have insurance requirements for them. Through CoverWallet’s platform you can request proof of coverage online and set up your requirements, and it keep you up-to-date with a dashboard and notifications. You can see who has provided their certificate, whether it’s compliant, and if it requires any updates (important for longer term partnerships).

Awards & Quality Certificates

CoverWallet Position In Our Categories

Since businesses have specific business-related needs, it is sensible that they avoid getting a one-size-fits-all, “perfect” business program. Still, it is almost impossible to find such application even among well-known software products. The better step to undertake is to write the varied key aspects which necessitate investigation such as major features, plans, technical skill capability of the users, organizational size, etc. After which, you should do the research systematically. Read these CoverWallet reviews and explore the other software programs in your list in detail. Such detailed research ascertains you drop unsuitable apps and select the system that provides all the function your business requires to be successful.

Position of CoverWallet in our main categories:

TOP 500

CoverWallet is one of the top 500 Accounting Software products

If you are considering CoverWallet it might also be a good idea to check out other subcategories of Accounting Software gathered in our base of B2B software reviews.

Each enterprise has different requirements and requires a software that can be personalized for their size, kind of employees and customers, and the particular industry they are in. For these reasons, no system can offer perfect features off-the-shelf. When you look for a software product, first be sure what you need it for. Read some CoverWallet Accounting Software reviews and ask yourself do you want basic tools or do you require complex tools? Are there any industry-specific features that you are searching for? Find the answers to these queries to assist your search. There are plenty of elements that you need to consider and these include your finances, specific business requirements, your organization size, integration needs etc. Take your time, try out a few free trials, and finally select the platform that presents all that you require to improve your firm competence and productivity.

How Much Does CoverWallet Cost?

CoverWallet Pricing Plans:

Free Trial

Quote-based Plan

Contact vendor

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What are CoverWallet pricing details?

CoverWallet Pricing Plans:

Free Trial

Quote-based Plan

Contact vendor

CoverWallet’s SMB and enterprise pricing information is available only upon request. Contact the company for more details, and ask for your quote.

User Satisfaction

Positive Social Media Mentions 30
Negative Social Media Mentions 0

We realize that when you make a decision to purchase a Accounting Software it’s important not only to see how professionals score it in their reviews, but also to find out if the actual clients and companies that purchased it are actually happy with the service. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and CoverWallet reviews across a vast array of social media sites. The data is then presented in a simple to understand way indicating how many customers had positive and negative experience with CoverWallet. With that information at hand you should be equipped to make an informed purchasing decision that you won’t regret.

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Technical details

Devices Supported

  • Windows
  • Android
  • iPhone/iPad
  • Mac
  • Web-based

Deployment

  • Cloud Hosted

Language Support

  • English

Pricing Model

  • Quote-based

Customer Types

  • Small Business
  • Large Enterprises

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

What integrations are available for CoverWallet?

No information available.

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Louie Andre

By Louie Andre

B2B & SaaS market analyst and senior writer for FinancesOnline. He is most interested in project management solutions, believing all businesses are a work in progress. From pitch deck to exit strategy, he is no stranger to project business hiccups and essentials. He has been involved in a few internet startups including a digital route planner for a triple A affiliate. His advice to vendors and users alike? "Think of benefits, not features."

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