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Bunker (software company)

Bunker (software company)

Bunker is a San Francisco-based small business insurtech company founded by Chad Nitschke.

Overview

Bunker is a San Francisco-based small business insurance technology (insurtech) company founded in November of 2015 by Chad Nitschke, Steven Giddens, and Dan Feidt, providing businesses with proof of insurance, known as Certificates of Insurance (COI), in real-time through its proprietary Live COI platform. Additionally, Bunker focuses on compliance and ensuring independent contractors and small businesses do not experience gaps in coverage that cause compliance breaches.

Live COI product

Traditionally, COIs are delivered to businesses through PDF files that are downloaded in a static format, meaning any policy changes or updates in coverage would trigger the need for a new PDF. Bunker's propriety Live COI feature allows for traditionally static documents to exist as modifiable documents that update to reflect policy changes in real-time. Additionally, the product enables insurance COI document storage within the Bunker platform, which negates the opportunity for lost or misplaced insurance documentation.

Industries serviced by Bunker

Industry
Descriptions of services

Construction

Compliance, liability gaps, audits, contractor and sub-contractor insurance requirements fulfilled

Hospitality

Contractor insurance, usage-based policies for cooks and other service contractors

Marketplaces

On-demand workforce insurance, usage-based policies requirements fulfilled.

PM & Real Estate

Manage rental certificates

Timeline

January 14, 2021
Bunker announces names new CEO as Jordan Simkin.
December 27, 2017
Bunker opens Madison, WI office space.
May 2017
Bunker raises a $6,000,000 series A round from Comcast Ventures, Omidyar Network and Route 66 Ventures.
June 2016
Bunker raises a $2,000,000 seed round from American Family Ventures, Clocktower Technology Ventures, Comcast Ventures, Hiscox and Route 66 Ventures.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Bunker Launches Live Certificates of Insurance, A Modern Solution to Insurance Fraud and Non-Compliance

Bunker

Web

January 23, 2019

Case Study: Compliance Management for the Future of Work - The Bunker Vault

Mara Benowitz

Web

April 15, 2019

The Ready. Set. Work. Podcast - The Bunker Vault

Web

References

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